English Edition

Eni CEO Says No Contacts With Iran to Tap Hydrocarbons

Πεμ, 28 Νοεμβρίου 2013 - 18:01

Eni SpA (E), Italy's biggest energy company by market value, hasn't had any contacts with Iran over tapping into the hydrocarbon-rich country following the recent interim accord between the Islamic republic and key world powers to freeze Teheran's nuclear program, said Chief Executive Paolo Scaroni Thursday.

EU Warns German Energy Costs Will Keep Climbing

Πεμ, 28 Νοεμβρίου 2013 - 18:01

Germany faces huge increases in the cost of electricity even if the new government sticks to pledges to slow the country's shift to renewable sources like wind and solar power, the European Union's energy chief said Thursday.

Ireland Shelves Plan to Privatize Energy Firm, Minister Says

Τετ, 27 Νοεμβρίου 2013 - 19:31

Ireland's government has shelved a plan to sell a state-owned energy company, one of the country's largest privatizations under its international bailout, because bids for the business were too low, the energy minister said Wednesday.

India Team to Visit Iran Soon to Discuss Payment Mode for Crude-Oil Imports

Τετ, 27 Νοεμβρίου 2013 - 19:31

India is planning to soon send a delegation to Iran to discuss payment modes for crude oil imports in the wake of a deal between Tehran and major world powers that could head off further sanctions on the oil-rich nation.

Eni Signs Deal with Ukraine on Offshore Exploration, Production

Τετ, 27 Νοεμβρίου 2013 - 19:30

Eni SpA (E) Wednesday said it has signed a deal with the Ukrainian government that will give it access to offshore exploration and production as it seeks to tap into hydrocarbon reserves off the country's Black Sea coast.

Israel's Tamar Gas Partners Say Signs of Petroleum in Nearby Field

Τρι, 26 Νοεμβρίου 2013 - 18:03

The partners in Israel's large offshore Tamar natural gas reserve said Tuesday that signs of more petroleum have been found in a nearby field.

China To Invest EUR5B in Romanian Energy Projects

Τρι, 26 Νοεμβρίου 2013 - 18:02

Romania's minister-delegate for energy Constantin Nita Tuesday said Chinese investors have pledged total financing worth 5 billion euros (6.76 billion) for local energy projects, news agency Mediafax reports.

Repsol Would Get $5 Billion in Bonds in YPF Deal

Τρι, 26 Νοεμβρίου 2013 - 18:02

Argentina would pay Repsol SA $5 billion in Argentine government bonds to compensate the Spanish oil company for expropriating its controlling stake in YPF SA last year, according to people familiar with a proposal Repsol management has agreed to bring to a vote by its board.

Fuel Prices Rise in Slovenia

Τρι, 26 Νοεμβρίου 2013 - 13:18

Prices of all petroleum products in Slovenia are going up on Tuesday, with regular and premium both going up by 2.5 cents to EUR 1.441 and EUR 1.483 a litre, respectively. The price of diesel will meanwhile increase by 1.1 cents to EUR 1.368 a litre.

Science of Nuclear Capacity Fuels Doubt on Deal's Impact

Δευ, 25 Νοεμβρίου 2013 - 19:06

The big question over the agreement forged Sunday in this Swiss lakeside city between Iran and the world's big powers is this: How much will it delay, if at all, Tehran's ability to produce enough material for a nuclear weapon?

Egypt in Talks to Offer Higher Gas Prices to Foreign Partners

Δευ, 25 Νοεμβρίου 2013 - 19:06

Egypt is in talks to offer higher prices for the natural gas it buys from its foreign energy partners to encourage more investments in its hydrocarbon sector, the country's oil minister said in an interview broadcast on state-owned television.

IEA's Birol: Surprised if Iranian Oil Exports Rebounded Soon

Δευ, 25 Νοεμβρίου 2013 - 19:04

International Energy Agency chief economist Fatih Birol said Monday that he would be surprised if Iranian oil exports returned to pre-crisis levels soon, following the political accord Sunday on Iran's nuclear program.

Turkey Could Increase Oil Imports from Iran

Δευ, 25 Νοεμβρίου 2013 - 19:04

Turkey could increase its oil imports from Iran after the Islamic Republic signed a deal with major world powers to curb its nuclear program, paving the way for more crude oil to reach the global market, Energy Minister Taner Yildiz said Monday.