English Edition

Algeria to Double Refining Capacity in 4-5 Years

Τετ, 16 Οκτωβρίου 2013 - 18:47

Algeria plans to double its refining capacity in the next four to five years to meet growing domestic demand, a senior official at the state-run energy firm said Wednesday.

China to Increase Purchases of Iraqi Oil Next Year

Τετ, 16 Οκτωβρίου 2013 - 18:46

Iraq expects to sharply increase the amount of oil it sells to China in 2014, building its market share for this year in 2014 even further, Falah al-Amiri, director general of Iraq's State Oil Marketing Organization, SOMO, said Wednesday.

Iraq Oct Oil Exports to be at Normal Levels of 2.5M B/D

Τετ, 16 Οκτωβρίου 2013 - 18:46

Iraq's oil exports will be at the "normal level" of 2.5 million barrels a day in October, now work conducted to increase the country's export capacity in September is finished, Iraq's Deputy Prime Minister Hussein al Shahristani, said Wednesday.

EU Clears EUR465 Million State Aid for Polish Gas Network

Τετ, 16 Οκτωβρίου 2013 - 18:46

The European Union's antitrust authority said Wednesday it has approved state aid totalling 1.95 billion Polish zlotys ($601 million) that will help fund the building of gas pipelines in Poland.

Gazprom, CNPC Expected to Finalize Gas Deal by Year-End -Russia Energy Minister

Τετ, 16 Οκτωβρίου 2013 - 18:45

OAO Gazprom (GAZP.RS) and China National Petroleum Corp. or CNPC, are engaged in final talks over a gas supply deal and are expected to reach a final agreement by the end of this year, Russia's minister of energy said Wednesday.

UAE Still Studying Options For Nuclear Spent Fuel

Τετ, 16 Οκτωβρίου 2013 - 18:45

The United Arab Emirates is still looking at options to manage its radioactive waste in the long term for its planned nuclear plants as what is OPEC's fourth-largest crude producer tries to cut its reliance on oil, the chief executive of Emirates Nuclear Energy Corp., or ENEC, said Wednesday.

Serbia's Srbijagas to Seek 200 mln Euro Loan

Τετ, 16 Οκτωβρίου 2013 - 17:04

Serbian state-owned gas monopoly Srbijagas plans to seek a 200 million euro ($271.2 million) bank loan to cover expenses during this year's heating season, local media reported on Tuesday.

$100 a Barrel Is Good Value for Oil -- Shell CEO

Τρι, 15 Οκτωβρίου 2013 - 19:09

Oil prices are likely to rise in the long-term as production costs escalate and a "good value" for oil is at around $100 a barrel, Peter Voser, Chief Executive of Royal Dutch Shell PLC (RDSB.LN), said Tuesday at an industry conference.

Total's 3Q European Refining Margin Down at $10.6/Ton

Τρι, 15 Οκτωβρίου 2013 - 19:08

Total SA (TOT) Tuesday said that its European refining margin in the third quarter this year dropped to $10.6 per ton, from $24.1 per ton in the second quarter and $51 per ton a year earlier.

Angola Has 13B Barrels Oil in Reserves; Almost 4B More Than OPEC Estimates

Τρι, 15 Οκτωβρίου 2013 - 19:08

Angola has 13 billion barrels of proven oil reserves, the country's vice minister for petroleum, Anibal Silva, said Tuesday, almost 4 million barrels more than the estimates made by the Organization of the Petroleum Exporting Countries.

Korea Gas May Sell Part of 20% Stake in Canadian LNG Project

Τρι, 15 Οκτωβρίου 2013 - 19:07

Korea Gas Corp. (036460.SE), the world's largest corporate importer of liquefied natural gas, may sell part of its 20% stake in a Canadian natural-gas project as part of efforts to reorganize its finances, its chief executive said Tuesday.

SAMSUNG Completes 45MW PV in Romania

Τρι, 15 Οκτωβρίου 2013 - 12:38

South Korean multinational Samsung has finished a EUR 100 million solar park in Slobozia, Giurgiu county, southern Romania.

Japan Nuclear Export Parts Not Safety Checked

Δευ, 14 Οκτωβρίου 2013 - 17:20

Japan neglected to carry out safety checks on at least 40% of nuclear reactor parts exported over a decade, a report said Monday, in the latest controversy to strike its troubled nuclear industry.

Syria Station Outage Knocks Out Power To Several Cities -SANA

Δευ, 14 Οκτωβρίου 2013 - 17:19

A malfunction at a Syrian power station has caused electrical outages in several provinces across the country, electricity minister Imad Khamis told state news agency SANA on Monday.

ONGC Unit to Raise Stake by 12% in Brazil Oil Block for $529.03 Million

Δευ, 14 Οκτωβρίου 2013 - 17:19

Oil & Natural Gas Corp.'s (500312.BY) overseas investment arm said Monday it has signed a pact to acquire an additional 12% stake in a Brazilian oil field from Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras for $529.03 million.

Rising US Gas Prices May Make Exports Less Competitive -Energy Firm Executives

Δευ, 14 Οκτωβρίου 2013 - 17:19

The price of U.S. natural gas is set to rise in the long term on higher production costs and stronger demand, making exports less competitive on the global marketplace, executives of energy companies said Monday.