English Edition

Saudi Arabia Declines Security Council Seat, Cites Failure to Halt Wars

Παρ, 18 Οκτωβρίου 2013 - 13:49

Saudi Arabiasaid on Friday it would not take up its rotating seat on the United Nations Security Council, citing "double standards" which it said hampered the world body's ability to end conflicts.

EU Says Will Drop Argentina, Indonesia Biodiesel Complaint

Πεμ, 17 Οκτωβρίου 2013 - 17:29

The European Commission is to drop an anti-subsidy probe into imports of biodiesel from Argentina and Indonesia, major producers, but will continue an anti-dumping investigation, officials said Thursday.

EDF, UK Govt Strike Deal on Nuclear Reactor Build

Πεμ, 17 Οκτωβρίου 2013 - 17:29

The U.K. government and Electricite de France SA (EDF.FR) have reached an agreement that will allow the French power giant to take on Chinese partners and build the first new nuclear power plant in England in nearly 30 years, people familiar with the matter said Thursday.

Turkey Oil Minister: Not Cutting Iranian Oil Imports Further

Πεμ, 17 Οκτωβρίου 2013 - 17:28

Turkey isn't planning to reduce its oil imports from Iran this year or next year in view of its need to safeguard its energy security, Energy Minister Taner Yildiz said Thursday.

Chevron Suspends Shale Gas Activity In Romania Due To Protests

Πεμ, 17 Οκτωβρίου 2013 - 17:28

U.S. energy giant Chevron Corp (CVX) has delayed plans to drill for shale gas at its field in the Silistea area, in the eastern Hungarian county of Vaslui, in response to protests against fracking, a controversial process used to extract gas and oil from shale deposits, news agency Mediafax reports Thursday.

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.