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ICE Brent Crude Futures Reached Record Volumes In June - ICE

Τρι, 3 Ιουλίου 2012 - 17:37

The benchmark Brent crude futures set new records for monthly volume and average daily volume in June, as the price of Brent was volatile amid economic growth concerns and supply disruption issues, IntercontinentalExchange Inc. (ICE) said Tuesday.

Nigeria Signs $4.5 Billion Refinery Deal With U.S. Energy Firm

Τρι, 3 Ιουλίου 2012 - 17:37

Nigeria on Monday signed a Memorandum of Understanding with an American energy firm to build six oil refineries, in a project worth 4.5 billion dollars, a government statement said.

Iran Gas Shipments To Turkey Resume After Blast

Τρι, 3 Ιουλίου 2012 - 17:36

Iranian shipments of natural gas to Turkey have been resumed after being cut by an explosion targeting a pipeline in eastern Turkey, Turkey's Energy Minister Taner Yildiz said Tuesday.

Iraq Adds $9 Billion To 2012 Budget On Higher Oil Revenues

Τρι, 3 Ιουλίου 2012 - 17:36

Increased oil revenues have allowed Iraq to add around $9 billion to its 2012 budget bringing the total budget for the year to above $110 billion, a government spokesman said Tuesday.

FYROM's Gasification Project Worth €300 Million Begins

Τρι, 3 Ιουλίου 2012 - 13:29

The project for gasification of FYR Macedonia worth €300 million begins. The Russian company Stroytransgaz and FYR Macedonia's energy resources Monday in the frames of FYR Macedonian-Russian Intergovernmental Commission signed Memorandum of Cooperation, which is the first serious step towards construction of national gas pipeline network in the country.

BP Stays Clear of the Extension of Nord Stream Pipeline Extension to UK

Τρι, 3 Ιουλίου 2012 - 13:28

British Petroleum has decided to steer clear of participation in the extension of the Russian-German Nord Stream natural gas pipeline all the way to Great Britain, the Russian press says.

Nabucco Looking for New Investors

Τρι, 3 Ιουλίου 2012 - 13:10

The Nabucco gas pipeline consortium hopes to tap the financial firepower of BP, Statoil and Total to salvage the project, now mired in funding problems, and realize Europe's dream of breaking the stranglehold of Russian supplies.

Heritage Oil to Pay $850 Million for Shell Nigeria Block

Δευ, 2 Ιουλίου 2012 - 17:56

Royal Dutch Shell PLC (RDSB) has agreed to sell its most prolific oil block in Nigeria to Shoreline Natural Resources Ltd., a local entity backed by U.K. explorer Heritage Oil PLC (HOIL.LN), for $850 million.

French Government Mulls Blocking Gas Tariff Increase

Δευ, 2 Ιουλίου 2012 - 17:56

The French government is considering preventing a rise in regulated gas prices as demanded by GDF Suez (GSZ.FR), French daily Les Echos reports Monday, without citing sources.

Iraq Says June Oil Exports Fall; Pipeline Sabotage Cited

Δευ, 2 Ιουλίου 2012 - 17:56

Iraq's crude oil exports in June fell 2% on-month after sabotage to a pipeline cut shipments of its crude from the northern Kirkuk fields.

BP Pressed for Records on Failed Russia Deal

Δευ, 2 Ιουλίου 2012 - 17:55

U.K. energy group BP PLC (BP) faced new demands Monday to release emails about a failed Arctic oil alliance with Russian group Rosneft (ROSN.RS) that has led to a $12.5-billion shareholder suit.

EU Confirms July 3 Meeting with Iran on Nuclear Program

Δευ, 2 Ιουλίου 2012 - 17:55

The European Union hopes Iran will take the opportunity of a technical meeting about its nuclear program Tuesday to show it is ready to take concrete steps to address international concerns about its activities, the EU High Representative for Foreign Affairs said Monday.

Iran Calls for Opec Meeting After Oil Price Dip

Δευ, 2 Ιουλίου 2012 - 14:19

Iran has asked for an emergency Opec meeting because of the recent fall in oil prices. Opec members agreed to hold an emergency meeting when they last met in on 14 June in Vienna if oil prices fell below $100/bl, the Iranian oil ministry news service Shana quoted Iran's oil minister Rostam Qasemi.