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Iraq Initially Inks Deal With Kuwait Energy-Led Group

Δευ, 16 Ιουλίου 2012 - 18:13

Iraq's oil ministry Monday initialed a deal with Kuwait Energy-led group to explore for gas and oil at an exploration block in southern Iraq, an Iraqi Oil Ministry official said.

China Electricity Output Growth Stalls; Weakest Since May 2009

Παρ, 13 Ιουλίου 2012 - 18:25

China's electricity production, an important economic indicator, was unchanged in June from the same month a year earlier as domestic economic growth slowed and industrial output growth stalled.

Spanish Power Sector Reform May Cost Companies EUR2B

Παρ, 13 Ιουλίου 2012 - 18:24

Spain's five largest power producers may lose 2 billion euros ($2.44 billion) in profits as a result of the reform the government is set to approve Friday, financial daily Expansion reports, citing Unesa, the sector's lobby organization.

Tighter Iran Sanctions Support Oil

Παρ, 13 Ιουλίου 2012 - 18:24

Oil futures are higher after the US tightened sanctions against Iran, bringing concerns over geopolitical risks over supply back to the fore.

Iraq Raises August Crude Prices To All Buyers

Παρ, 13 Ιουλίου 2012 - 18:23

Iraq has raised the official selling prices of its crude oil in August to all buyers, the State Oil Marketing Organization, or SOMO, said Friday.

Kenya Leases All Oil Exploration Blocks

Παρ, 13 Ιουλίου 2012 - 18:23

Kenya has leased out all existing oil blocks to exploration companies, the Daily Nation newspaper reports Friday citing Energy Minister Kiraitu Murungi.

Nigeria Awards $60 Billion Worth of Oil Contracts

Παρ, 13 Ιουλίου 2012 - 18:22

Nigeria this week finally signed contracts allocating supply of its oil in the coming year in a string of deals worth around $60 billion.

Total, Partners Awarded Rights To Explore Offshore Area in Bulgaria

Πεμ, 12 Ιουλίου 2012 - 18:06

French oil company Total SA (TOT) Thursday said it won the rights to seek oil and gas in an area known as the Khan Asparuh bloc, offshore Bulgaria in the Black Sea in partnership with Spain's Repsol SA (REP) and Austria's OMV (OMV.VI).

Algeria To Ink Partnerships With Shell, Exxon on Shale Gas -Sonatrach

Πεμ, 12 Ιουλίου 2012 - 18:06

Algerian state-run oil company Sonatrach will soon sign partnership agreements with Royal Dutch Shell PLC (RDSB) and Exxon Mobil Corp. (XOM) on shale gas exploration in the north African country, the firm's chief executive, Abdelhamid Zerguine, said in remarks published Thursday.

EU Warns Lithuania Over Nuclear Decommissioning

Πεμ, 12 Ιουλίου 2012 - 18:06

A top European watchdog Thursday warned Lithuania that Brussels may freeze funds aimed at helping it decommission a Soviet-era nuclear reactor unless the Baltic state improves its management.

Australia LNG Exports to Triple by 2016-17; Gas Prices To Rise

Τετ, 11 Ιουλίου 2012 - 15:24

Australia's exports of liquefied natural gas will triple over the next five years, resulting in higher prices due to temporary supply constraints, a government report said Wednesday.

Kuwait to Complete Refinery Proj in 2017, Clean Fuel Proj in 2018

Τετ, 11 Ιουλίου 2012 - 15:24

State-run Kuwait National Petroleum Co., or KNPC, expects to complete its new refinery and environmentally friendly fuel projects by 2017 and 2018 respectively, Kuwait-based Al Rai daily reports Wednesday citing an executive.

Saudi Oil Production Over 10 Mln Barrels a Day in June

Τετ, 11 Ιουλίου 2012 - 15:23

Oil production in Saudi Arabia, the world's largest crude exporter, rose to 10.1 million barrels per day in June, from 9.8 million barrels per day a month earlier, a person familiar with the situation said Wednesday.

Taiwan May LNG Imports 1.59 Bln Cubic Meters, Up 16% on Year

Τετ, 11 Ιουλίου 2012 - 15:23

Taiwan's imports of liquefied natural gas rose 16% in May from a year earlier, according to data issued Wednesday by the Bureau of Energy.

OPEC Sees Lower Demand Growth, More Supply in 2013

Τετ, 11 Ιουλίου 2012 - 15:23

World oil demand growth is set to flag next year in line with a slowdown in the global economy, even as supply from non-OPEC countries is seen increasing, the Organization of Petroleum Exporting Countries said in its monthly oil market report Wednesday.

EU Proposes Cars Cut CO2 Emissions to 95 Grams a Kilometer by 2020

Τετ, 11 Ιουλίου 2012 - 15:22

The European Union's executive body proposed Wednesday to further limit passenger cars' greenhouse gas emissions by 2020, a move likely to stir unease in an industry already complaining about low profit margins and overcapacity in Europe.