English Edition

Russian Energy Ministry Proposes New Oil Export Duty

Russian Energy Ministry Proposes New Oil Export Duty

Russia's energy ministry has proposed a new oil tax regime that will lower the export duty on crude oil and oil products starting in 2014, the Interfax news agency reported late Monday citing a letter from Deputy Energy Minister Sergey Kudryashov to the government.

New Iraq Oil Export Terminal Loads 3rd Vessel

New Iraq Oil Export Terminal Loads 3rd Vessel

Iraq's new single-point mooring, or SPM, terminal in the south is loading a third tanker Tuesday at a rate of 800,000-900,000 barrels a day, a senior Iraqi oil official said.

EnBW Seeks Advisors For Sale Of Power Transmission Grid

EnBW Seeks Advisors For Sale Of Power Transmission Grid

German utility EnBW Energie Baden-Wuerttemberg AG (EBK.XE) is seeking advisors for the sale of its power transmission network valued at over EUR300 million, three people familiar with the matter told Dow Jones Newswires.

Bulgaria’s NEK To Seek 15% Increase in Electricity Prices

Bulgaria’s NEK To Seek 15% Increase in Electricity Prices

Bulgarian power grid operator NEK will seek an increase in electricity prices of at least 15% from July 1, the company's former head Mihail Andonov, who was appointed executive director of the state-owned Bulgarian Energy Holding (BEH) over the weekend, said.

Gaza Hit By Power Crisis As Fuel Runs Out Again

Gaza Hit By Power Crisis As Fuel Runs Out Again

The Gaza Strip's sole power station shuddered to a halt Sunday, leaving residents without current for long periods and endangering the lives of hospital patients, officials said.

US Solar Tariff Unlikely To Slow Chinese Companies In Long Run -Fitch

US Solar Tariff Unlikely To Slow Chinese Companies In Long Run -Fitch

U.S. anti-subsidy tariffs on Chinese exports of solar panels are unlikely to slow the pace at which Chinese companies are capturing U.S. market share, but they will likely slow their sales in the U.S. in the short term, Fitch Ratings said Monday.

GDF Suez: Could Create As Many As 6,000 Jobs On French Windfarm

GDF Suez: Could Create As Many As 6,000 Jobs On French Windfarm

French consortium comprising GDF Suez SA (GSZ.FR) and Vinci SA (DG.FR) and its industrial partner Areva SA (AREVA.FR) Monday said that would they be the successful bidder on three offshore windfarm tenders off Normandy, Northern France, the whole project would mobilize up to 6,000 jobs.

Nigeria Govt: GE To Invest $10B In Power Plants

Nigeria Govt: GE To Invest $10B In Power Plants

General Electric Co. (GE) has agreed to invest $10 billion in new power plants in Nigeria, that country's power ministry said Monday, Reuters reported on its website.

German Ruling Coalition Agrees Solar Subsidy Cuts

German Ruling Coalition Agrees Solar Subsidy Cuts

Germany's ruling coalition has agreed solar subsidy cuts that are aimed at containing the rapid expansion of photovoltaic solar technology and the associated costs of subsidizing it, a person familiar with the matter said Monday.

Bulgaria Dismisses Head of Energy Holding Co

Bulgaria Dismisses Head of Energy Holding Co

Bulgaria's energy and economy minister has dismissed the executive director of the state-owned Bulgarian Energy Holding (BEH) Yordan Georgiev, the ministry said on Sunday.