English Edition

New EU Sanctions Will Hurt Nuclear Talks - Iran

Τρι, 26 Ιουνίου 2012 - 17:04

New European Union sanctions that are due to come into effect against Iran on Sunday will hurt negotiations over the country's nuclear program, Iran's foreign ministry spokesman Ramin Mehmanparast said. "Actions that are against the agreements between Iran and the P5+1 will have a negative impact on reaching an acceptable resolution," he told reporters on Tuesday in his regular weekly briefing

Potential U.S. Oil Boom Shakes Up Energy Politics

Τρι, 26 Ιουνίου 2012 - 17:02

Energy has already been a key feature of the presidential campaign so far, even if gasoline prices fell from their springtime peak. Barack Obama has given his "all-of-the-above" energy speech all over the place; Mitt Romney has prominently toured the new American oil patch to assail the Obama administration's policies. There's that Solyndra case. And Mr. Romney's own solar push as governor. Political fact-checker types have a macro installed for debunking specious claims about energy

Turkey, Azerbaijan To Sign TANAP Pipe Pact Tuesday

Τρι, 26 Ιουνίου 2012 - 16:47

The Trans-Anatolian natural-gas pipeline project, which has supplanted the European Union-backed Nabucco proposal as the leading contender to carry Caspian gas to Europe, will be endorsed by the Turkish and Azeri leaders at a signing ceremony later Tuesday, the office of Turkey Prime Minister Recep Tayyip Erdogan said in a statement

Hague: Full Iran Oil Embargo Will Take Place July 1

Δευ, 25 Ιουνίου 2012 - 17:40

U.K. Foreign Secretary William Hague confirmed Monday the full European Union oil embargo on Iran will come into effect July 1. Speaking after EU foreign ministers discussed the measures at a meeting in Luxembourg, Mr. Hague said: "We have also confirmed the detail of the sanctions being imposed on Iran. "Those come into full force...on July 1, which is this Sunday," he told reporters

Cnooc: Seeking Foreign Firms to Jointly Operate Nine Offshore Blocks

Δευ, 25 Ιουνίου 2012 - 17:39

China National Offshore Oil Corp. said Monday that it's making nine offshore blocks in the South China Sea available for joint operation with foreign companies. The blocks, in water 300-4,000 meters deep, cover an area of 160,124.38 square kilometers, the company said in a statement on its website. Seven blocks are located in the Zhongjianan Basin and two in areas covering parts of the Wan'an and Nanweixi basins, the company said

Egypt's Morsi Vows Stronger Ties With Iran

Δευ, 25 Ιουνίου 2012 - 17:38

Egypt's Islamist president-elect, Mohamed Morsi, has pledged to strengthen ties with Iran to build a "strategic balance in the region," according to an interview excerpt given by Iran's Fars news agency Monday. "Part of my agenda is the development of ties between Iran and Egypt that will create a strategic balance in the region," Morsi, who comes from Egypt's long-repressed Muslim Brotherhood, was quoted as saying

Crude Falls on Renewed EU Worries

Δευ, 25 Ιουνίου 2012 - 17:35

U.S. crude futures slumped Monday along with global stock markets and the euro, as investors grow skeptical that a European Union summit will help stem the continent's debt crisis. Light, sweet crude for August delivery recently traded $1.02, or 1.3%, lower at $78.74 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange for August delivery traded 72 cents lower at $90.26 a barrel

Japan, Russia Agree to Back LNG Export Terminal at Vladivostok

Δευ, 25 Ιουνίου 2012 - 17:34

Japan and Russia agreed to build a liquefied natural gas plant at Vladivostok in a deal signed Sunday. Japan's Economy, Trade and Industry Minister Yukio Edano, whose portfolio includes energy, signed the memorandum of understanding with Russian Energy Minister Alexander Novak on the sidelines of the Asia-Pacific Economic cooperation forum

EU's Juncker: Greece to Get Withheld EUR1 Billion by Month's End

Παρ, 22 Ιουνίου 2012 - 17:24

Greece will receive the final EUR1 billion from its first disbursement under the second bailout package by month's end, Jean-Claude Juncker, chairman of the Eurogroup of euro-zone finance ministers said Thursday.

French Govt To OK 3 Hikes of Natural Gas Retail Prices

Παρ, 22 Ιουνίου 2012 - 17:24

The French government will likely authorize utility GDF Suez (GSZ.FR) to implement three increases of natural gas retail prices during the summer, newspaper Le Parisien reported Friday.

Oil Market Well Balanced; OPEC to Determine Short-Term Outlook -BP Economist

Παρ, 22 Ιουνίου 2012 - 17:24

The global oil market is more balanced now than it was in 2011, but the short-term outlook mainly depends on OPEC production decisions, a senior economist for United Kingdom-headquartered oil major BP PLC (BP) said Friday.

Turkey Energy Minister: Tupras Cuts Iranian Crude Imports 20%

Παρ, 22 Ιουνίου 2012 - 17:23

Turkey's energy minister, Taner Yildiz, said Friday that the country continues to buy Iranian crude but that it has reduced imports to its main refiner Tupras (TUPRS.IS) by 20%.

Gazprom, EDF To Cooperate On Power Generation In Europe

Παρ, 22 Ιουνίου 2012 - 17:23

Russian energy company Gazprom OAO (GAZP.RS) and Electricite de France SA (EDF.FR) signed a cooperation agreement on the possibility of joint construction and purchase of existing natural-gas power stations in Europe during the St. Petersburg International Economic Forum, Gazprom said in a statement Friday.