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Oman Stands In US's Corner On Iran Deal

Δευ, 30 Δεκεμβρίου 2013 - 17:45

Washington has gained a little-known ally in its bid to win crucial Arab support for curbing Iran's nuclear program: Oman, a small kingdom that is expanding its role on the Middle East's diplomatic stage

Oil Futures Dip On Reports of Resumed Libyan Production

Δευ, 30 Δεκεμβρίου 2013 - 17:44

Oil prices ticked lower Monday as traders digested reports that halted Libyan oil production could resume and cashed in their profits after prices hit two-month highs Friday. Light, sweet crude for February delivery fell 53 cents, or 0.5%, to $99.79 a barrel on the New York Mercantile Exchange. Brent crude on ICE Futures Europe dropped 92 cents, or 0.8%, to $111.26 a barrel.

Gazprom’s European Gas Exports Rise to Record as Price Reduced

Δευ, 30 Δεκεμβρίου 2013 - 17:41

OAO Gazprom, which provides about a quarter of Europe’s natural gas, increased exports to the region and Turkey to a record this year as customers won price reductions and colder weather boosted demand. Supplies rose 16 percent to 161.5 billion cubic meters in 2013, excluding volumes traded by the Moscow-based company’s European units, Gazprom Export said today in an e-mailed statement, citing preliminary data. The previous record was 160 billion cubic meters in 2008, according to the company’s 2012 financial report

Libya's Tobruk Port Close to Restarting Oil Exports as Tanker Named

Παρ, 27 Δεκεμβρίου 2013 - 13:31

Oil exports from Libya's Tobruk port may resume soon after a tanker--the first in months--was nominated to load crude from there, Libyan officials said Thursday.

Total Sells 15% Stake in Congo Unit to Qatari Investment Fund

Παρ, 27 Δεκεμβρίου 2013 - 13:31

Oil major Total SA said it sold a 15% stake in its Congo exploration and production unit Total E&P Congo to a Qatari investment fund specialized in energy assets, for $1.6 billion, as part of the French group's disposals strategy.

WTI Creeps Towards $100 Mark, Brent Steady

Παρ, 27 Δεκεμβρίου 2013 - 13:31

Nymex crude-oil futures are marginally higher in Asian trade Friday, after gaining 33 cents overnight. "The market is creeping up on the $100 psychological barrier, supported by a rising S&P 500 and the recent downtrend in U.S. commercial crude oil inventories," analyst Timothy Evans at Citi Futures says in a note.

Toshiba Would Increase Share Of Power Venture

Παρ, 27 Δεκεμβρίου 2013 - 13:30

Toshiba Corp., one of Japan's biggest diversified electronics companies, is aiming to buy a majority stake in U.K. nuclear consortium NuGeneration Ltd. as it looks to foreign demand after interest at home waned following a nuclear accident in 2011.

Initial Capital for South Stream Serbia is Not Provided from Government Guarantees

Παρ, 27 Δεκεμβρίου 2013 - 09:28

Prime Minister Ivica Dacic said today that he reached an agreement with Chairman of the Board of Directors of Gazprom Alexey Miller that the Russian side borrows €75 million for the initial capital for setting up South Stream Serbia.

Turkey’s Stake in TANAP Raised to 30 pct

Παρ, 27 Δεκεμβρίου 2013 - 09:23

Turkey’s share in the strategic Trans-Anatolian Natural Gas Pipeline Project (TANAP), slated to carry Azeri gas to Turkey and European markets, is to rise to 30 percent, according to the head of SOCAR, Azerbaijan’s state oil company and the main stakeholder of the multi-billion dollar project.

Syria Signs Oil, Gas Exploration Deal With Russian Company

Πεμ, 26 Δεκεμβρίου 2013 - 13:01

Damascus signed an oil and gas exploration deal with a Russian company in the Syrian capital Wednesday that will allow for exploration in a section of Syrian waters, an AFP journalist witnessed.

Iran Lawmakers Want Higher Enrichment in Case of New Sanctions

Πεμ, 26 Δεκεμβρίου 2013 - 13:01

Iranian lawmakers presented a bill to the parliament's presiding board which could oblige the government to enrich uranium to 60% if new sanctions are imposed, media reported Wednesday.

Fighting Rages in South Sudan Oil Regions

Πεμ, 26 Δεκεμβρίου 2013 - 13:01

Heavy fighting between government forces and rebels was raging Thursday in South Sudan's key oil-producing north, officials said, as neighboring Kenya and Ethiopia stepped up efforts to broker an end to the civil war.

50 Million Euros Invested in Turkish Renewables and Energy Efficiency by EBRD

Πεμ, 26 Δεκεμβρίου 2013 - 09:55

The European Bank for Reconstruction and Development (EBRD) is continuing to support the efforts of Turkish businesses to become more energy efficient, through a new €50 million financing package to Turkiye IsBankası (IsBank). The loan will provide IsBank with long-term financing for sustainable energy investments under the EBRD’s Mid-Size Sustainable Energy Financing Facility.

Northern Petroleum Reclassifies Adriatic Discoveries as 2C From 2P

Τρι, 24 Δεκεμβρίου 2013 - 17:30

Northern Petroleum PLC (NOP.LN) Tuesday said recoverable oil at its Rovesti and Giove discoveries in the Southern Adriatic Sea, Italy, will be classified as 2C contingent resource rather than 2P reserves, based on the interim findings of a review

FYROM's ELEM Invites Bids for Boskov Most HPP Construction

Τρι, 24 Δεκεμβρίου 2013 - 17:27

FYROM state-owned power producer ELEM has called a tender for construction works on Boskov Most hydro power plant (HPP) project, the European Bank for Reconstruction and Development (EBRD), which is providing funding for the project, said on Friday

Brazil Regulators Approve BP's Sale of Polvo Field Stake to HRT

Τρι, 24 Δεκεμβρίου 2013 - 16:54

Brazilian oil regulators have approved BP Plc's (BP, BP.LN) sale of a 60% stake in the Polvo offshore oil field to HRT Participacoes em Petroleo SA (HRTP3.BR), HRT said in a regulatory filing Tuesday. Completion of the $135 million deal comes at a critical time for HRT, transforming the firm from an exploration company into a crude-oil producer. HRT has seen its shares crater amid a series of management shakeups and exploration failures in Namibia. Polvo produces about 13,000 barrels of heavy crude oil per day that should produce a steady stream of revenue for HRT