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Rosneft Expects Return To Profit In 3Q

Πεμ, 2 Αυγούστου 2012 - 18:05

Russian state-controlled oil giant OAO Rosneft (ROSN.RS) sees a return to profit in the third quarter after an unexpected loss of RUB8 billion in the second quarter, the company's Vice President Dmitry Avdeyev said.

Iraq Slams Turkish FM Kirkuk Visit

Πεμ, 2 Αυγούστου 2012 - 18:05

The Iraqi foreign ministry Thursday sharply criticized a visit by Turkish Foreign Minister Ahmet Davutoglu to the disputed city of Kirkuk, saying it had not been informed of or approved the trip.

Kurdistan To Restart 100,000 B/D Oil Exports Aug 7-KRG Adviser

Πεμ, 2 Αυγούστου 2012 - 18:04

Iraq's semi-autonomous region of Kurdistan plans to restart 100,000 barrels a day of oil exports next week in a goodwill gesture aimed at breaking a deadlock with Baghdad over payment for previous exports, according to an advisor to the Kurdish minister of natural resources and letters sent to foreign companies working in the region.

GE to Bring Explosion-Hit Cyprus Plant Back Into Full Service by Year-End

Πεμ, 2 Αυγούστου 2012 - 16:45

General Electric (GE) aims to bring all four GE 6FA gas turbines at the 850-MW Vasilikos Power Station in Cyprus back into full operation before the end of the year. GE has already returned two turbines back to full service in June, after the power station had to be shut down July last year when it was hit by an explosion.

Bulgaria To Raise Capital of Burgas-Alexandroupolis Oil Pipeline Project Co

Πεμ, 2 Αυγούστου 2012 - 13:39

Bulgaria's government said it allocated 150,000 levs ($94,400/77,000 euro) from the state budget to raise the capital of the Burgas-Alexandroupolis Oil Pipeline Project Company in order to cover costs before withdrawing from the pipeline project.

German Demand For Wind Energy Up In First Half - VDMA

Τετ, 1 Αυγούστου 2012 - 17:39

Demand for wind energy in Germany has risen in the past half year, engineering federation VDMA said Wednesday.

Iraq Plans to Auction Nassiriya Oil Field This Year

Τετ, 1 Αυγούστου 2012 - 17:39

The Iraqi Oil Ministry has begun preparations for a new bidding round to award the massive Nassiriya oil field, a senior Iraqi oil official said Wednesday.

Iraq July Oil Exports 2.515 Million Barrels a Day

Τετ, 1 Αυγούστου 2012 - 17:39

Assem Jihad said that these exports earned Iraq some $7.535 billion in July, compared with $6.435 billion in June.

Bulgaria Will Grant 6-Year Concession for Natural Gas Extraction at the Kavarna Iztok Field

Τετ, 1 Αυγούστου 2012 - 12:41

The Bulgarian government will grant British Melrose Resources a 6-year concession for natural gas extraction at the Kavarna Iztok field, according to the Council Of Ministers' press office.

DKEVR: Renewable Energy Prices in Bulgaria Not Expected to Increase

Τετ, 1 Αυγούστου 2012 - 12:40

Angel Semerdzhiev, Chair of the Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has said that the practice of placing the entire financial burden of renewable energy with the National Electric Company (NEK) will be terminated.

Vattenfall Swings to Profit; Says Demand, Pricing Outlook Weak

Τρι, 31 Ιουλίου 2012 - 17:35

Vattenfall's net profit for the second quarter 2012 amounted to 899 million Swedish kronor ($131 million), compared with a net loss of SEK2.74 billion a year earlier when earnings were hit by impairment losses and increased provisions as a result of Germany's decision to phase out nuclear power.

Iran Sees $100/barrel Oil Equitable, No Need For OPEC Meeting

Τρι, 31 Ιουλίου 2012 - 17:35

Iran sees an oil price of $100 per barrel as equitable and therefore sees no need for an emergency OPEC meeting, an Iranian news agency quoted the country's oil minister as saying Tuesday.

BP: TAP, Nabucco West Decision Will Be Based On Best Tariff Level

Τρι, 31 Ιουλίου 2012 - 17:34

A final decision on which pipeline will transport Caspian natural gas from the giant BP PLC (BP.LN)-led Shah Deniz offshore project to Western Europe will be based on which of the two mooted routes offers the best tariff level, BP Chief Executive Bob Dudley said Tuesday.