English Edition

UAE, Russia Sign Nuclear Energy Cooperation Deal

UAE, Russia Sign Nuclear Energy Cooperation Deal

The United Arab Emirates said it inked an agreement with Russia Monday to enhance cooperation between the two countries in the development and use of atomic energy for peaceful purposes, after the Gulf state was given the go-ahead earlier this year for construction of two nuclear power units, the first in a string of civilian power plants planned in the strategically sensitive Persian Gulf region

Iran Oil Revenues Halved By Sanctions - Economy Minister

Iran Oil Revenues Halved By Sanctions - Economy Minister

Iran is losing half of its oil revenues because of international sanctions imposed over its disputed nuclear program, Economy Minister Shamseddin Hosseini said in remarks quoted by media Monday.

Italy, Switzerland Sign Energy Memorandum, To Focus On Gas

Italy, Switzerland Sign Energy Memorandum, To Focus On Gas

Italy has signed a deal to collaborate with Switzerland on the energy sector, focusing on natural gas, as the Mediterranean country boosts international links aimed at strengthening its security of supply and lowering fuel costs.

Israel Natural Gas Production Seen Boosting Economy in 2013

Israel Natural Gas Production Seen Boosting Economy in 2013

Israel's economic growth is seen being given a boost by the production of natural gas from next year, with gross domestic product expected to grow 3.5% in 2013, up from a previous estimate of 3%, Finance Minister Yuval Steinitz said in a statement late Sunday.

Total Agrees to 20-Year Deal to Buy LNG From Chenieres Export Project

Total Agrees to 20-Year Deal to Buy LNG From Cheniere's Export Project

Cheniere Energy Partners LP (CQP) reached an 20-year deal under which Total SA (TOT, FP.FR), the France-based energy major, has agreed to purchase nearly half the volume of a fifth train planned for Cheniere's liquefied natural-gas export facility that is being developed in Louisiana.

Ukraine Seeks Part in TANAP

Ukraine Seeks Part in TANAP

Russia has started construction of the South Stream gas pipeline in an effort to diversify its supply routes toEuropeby bypassing Ukraine, but Kyiv is also seeking to diversify its gas supplies by participating in projects providing alternatives toRussiangas.

EU Funds Frozen for Lithuanian Nuclear Decommissioning

EU Funds Frozen for Lithuanian Nuclear Decommissioning

European Union funding for the decommissioning of Lithuania's Soviet-era nuclear reactor has been frozen to raise pressure to wrap up talks on the operation, a top official said Friday amid growing irritation over delays.

Bulgaria PM Regrets Nabucco Gas Pipeline Project Is Stuck

Bulgaria PM Regrets Nabucco Gas Pipeline Project Is Stuck

The Nabucco pipeline project, planned to carry natural gas from the Caspian Sea to Europe, has reached an impasse, a situation that is pushing Bulgaria to consider developing its own resources in the Black Sea, the country's prime minister said Friday.

juwi Hellas Among Leading EPC Contractors for Solar Energy Projects

juwi Hellas Among Leading EPC Contractors for Solar Energy Projects

Financial trouble, debt crisis, economic downturn – within the past months the financial and economic situation of Greece has often been automatically associated with these terms. However, there are also diverse positive examples that show that the country is moving forward.

Azerbaijan Oil Output Down 6.9% on Year Jan-Nov

Azerbaijan Oil Output Down 6.9% on Year Jan-Nov

Azerbaijan's oil production fell 6.9% to 39.3 million metric tons in the first 11 months of the year compared with the same period last year, the state oil company said Thursday.

BP Invited Back To Bid In Abu Dhabi Oil Concession-UAE Oil Official

BP Invited Back To Bid In Abu Dhabi Oil Concession-UAE Oil Official

U.K.-based energy giant BP PLC (BP.LN) has been invited back to bid for a renewal of its stake in Abu Dhabi's oil concession and the Abu Dhabi National Oil Co., or ADNOC, aims to announce a shortlist of bidders soon, an oil official from the United Arab Emirates told Dow Jones Newswires Thursday.