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OPEC, Naimi See Output Flat Amid Rising Supply Elsewhere

OPEC, Naimi See Output Flat Amid Rising Supply Elsewhere

Δευ, 12 Μαΐου 2014 - 14:10

OPEC should keep pumping crude at about 30 million barrels a day in the near term amid rising global supply, according to the group’s Secretary General and Saudi Arabia, its largest member.

Romanias Transelectrica Q1 Net Profit Rises 49% on Year

Romania's Transelectrica Q1 Net Profit Rises 49% on Year

Δευ, 12 Μαΐου 2014 - 12:28

Romanian power grid operator Transelectrica [BSE:TEL] said on Friday its net profit surged to 136.5 million lei ($42.6 million/30.8 million euro) in the first quarter of 2014 from 91.8 million lei a year earlier.

Cyprus Larnaca Port Will Be a Tourist Hub or an Oil Rig Service Center

Cyprus Larnaca Port Will Be a Tourist Hub or an Oil Rig Service Center

Δευ, 12 Μαΐου 2014 - 12:25

Cyprus Larnaca port is a debate. The tourist hub or oil rig service centre catering to Cyprus’ new hydro-carbons industry? A little of both perhaps, if that’s at all possible.Officially the aim was to turn Larnaca marina and port into the largest passenger terminal in Cyprus.

EREF Elected S. Seimanidis as New President

EREF Elected S. Seimanidis as New President

Δευ, 12 Μαΐου 2014 - 12:23

During its General Assembly on Monday, 5 May 2014, the European Renewable Energies Federation (EREF) elected a new President, Mr Savvas Seimanidis. He succeeds Mr Rainer Hinrichs-Rahlwes, who has been EREF’s President for the past four years.

Greece Clears 38-MW Wind Farm in Peloponnese

Greece Clears 38-MW Wind Farm in Peloponnese

Παρ, 9 Μαΐου 2014 - 12:37

The Greek government has given the green light to a 38-MW wind farm project on the Peloponnese peninsula, southern Greece, the Athens-Macedonian News Agency (AMNA) said on Tuesday.

IENE Celebrated its 10-Year Anniversary with Well-Attended Business Luncheon

IENE Celebrated its 10-Year Anniversary with Well-Attended Business Luncheon

Πεμ, 8 Μαΐου 2014 - 19:01

IENE celebrated today, May 8, 2014 at the "Aegli” restaurant in Zappeion, in central Athens, its ten-year anniversary by organizing a high-profile festive Business Luncheon, attended by a large number of businessmen, professionals, academics, policy-makers as well as senior government officials involved in the Greek and regional energy sector. This special IENE event coincided with the current Greek Presidency of the Council of the European Union for the first half of 2014.

Greece: Cheaper Power Through Auctions

Greece: Cheaper Power Through Auctions

Πεμ, 8 Μαΐου 2014 - 16:09

High- and medium-voltage power consumers in Greece will soon be able to enjoy lower electricity rates resulting from the obligatory auction of some 20 to 30 percent of the Public Power Corporation’s thermal and hydroelectric output to independent suppliers, according to the plan to open up the retail power market that the Regulatory Authority for Energy (RAE) put up on Wednesday for public consultation until May 30.

Tamar Partners Sign Deal with Union Fenosa

Tamar Partners Sign Deal with Union Fenosa

Τετ, 7 Μαΐου 2014 - 12:31

The Tamar partners will sell natural gas to the Spanish company Union Fenosa Gas SA, which owns a gas export installation in Egypt, according to a non-binding letter of intent signed by both parties. The Tamar partners announced that they are targeting a binding agreement within six months. The deal will be worth $1.3 billion annually over 15 years for a total of $19.5 billion.

Iraqi Oil Exports 2.512 Million Barrels Per Day in April

Iraqi Oil Exports 2.512 Million Barrels Per Day in April

Τρι, 6 Μαΐου 2014 - 12:19

Iraq's monthly oil exports reached 2.512 million barrels per day (bpd) in April, an oil minisstry spokesman said on Sunday. Exports rose from 2.139 million bpd in March, ministry spokesman Asim Jihad said, adding that exports from the south of the country, where the bulk of Iraq's crude is produced and shipped abroad, were 2.509 million bpd - the highest since 2003.

Greeces PPC Has Decided to Launch a Subsidiary in Turkey

Greece's PPC Has Decided to Launch a Subsidiary in Turkey

Τρι, 6 Μαΐου 2014 - 12:09

Greece's Public Power Corporation (PPC) has decided to launch a subsidiary in Turkey as it turns to cross-border energy trade in a bid to offset the loss of market share in Greece now that the local industry is entering the stage of full liberalization.