English Edition

Oil Trader Gunvor Buys Refinery in Belgium

Παρ, 2 Μαρτίου 2012 - 18:28

One of the world's largest oil trading companies, Gunvor Group, owned by Russian businessman Gennady Timchenko, has bought the Petroplus oil refinery in Antwerp, Gunvor said on Friday.

Eight Firms Bid for Greek Oil, Gas Surveys

Παρ, 2 Μαρτίου 2012 - 18:27

Greece has received bids from eight companies to conduct geological surveys for oil and gas as it seeks to follow up on data from years ago indicating the potential for reserves in its western seas, the energy ministry said.

Yingli CEO: China To Surpass Europe As No. 1 Solar Panel Customer

Παρ, 2 Μαρτίου 2012 - 18:25

Yingli Green Energy Holding Co.'s (YGE) plans to sell more solar panels to Chinese customers this year than to Europeans, making its home country the company's top customer, Chairman and Chief Executive Miao Liansheng said Friday.

Libya's 2012 Budget Leans Heavily On Oil Sector

Παρ, 2 Μαρτίου 2012 - 18:25

Libya's 2012 proposed budget draws heavily on oil revenues, forecast to reach about $54 billion to compensate for the loss of corporate tax revenues in last year's conflict.

Lukoil Shelves $1.8 Bln US Shale Deal

Παρ, 2 Μαρτίου 2012 - 18:24

OAO Lukoil Holdings (LKOH.RS) has suspended a plan for an $1.8 billion shale purchase in the U.S. due to slumping natural-gas prices and because the plan doesn't offer an acceptable return, Deputy Chief Executive Officer Leonid Fedun said in an interview with Bloomberg in London.

Greek PM: EIB To Help With Greek Infrastructure Projects

Παρ, 2 Μαρτίου 2012 - 18:24

Greece will get help from the European Investment Bank to make best use of European Union funds still available to it, especially to develop infrastructure projects and boost lending to smaller businesses, the country's premier said Friday.

Germany Urges EU To Negotiate Over Airline Emissions Fees

Παρ, 2 Μαρτίου 2012 - 18:23

Germany urged the European Commission on Friday to negotiate with countries opposed to the European Union's airlines carbon emissions fee to "de-escalate" opposition and avoid trade disputes.

Norway Hoegh Gets 10-year Lease To Build Lithuanian LNG Terminal

Παρ, 2 Μαρτίου 2012 - 18:23

Lithuania and Norwegian company Hoegh LNG Holdings Ltd. (HLNG.OS) Friday signed a deal to build a liquefied natural gas terminal as the Baltic state strives to cut its politically-charged dependence on Russian supplies.

Russia To Cut Export Duty On Super Viscous Oil By 90% -Report

Πεμ, 1 Μαρτίου 2012 - 17:36

Russia plans to cut the export duty on super viscous oil to 10% of the existing rate, which is calculated every month based on crude-oil prices, the Kommersant daily reported Wednesday.

Iran Accepting Gold For Trade Payments - Central Bank

Πεμ, 1 Μαρτίου 2012 - 17:36

Sanctions-hit Iran is to accept gold for trade payments, along with agreed currencies of other nations, the head of the central bank said, according to reports Wednesday.

Brazil's Petrobras Confirms New Pre-Salt Oil Discovery

Πεμ, 1 Μαρτίου 2012 - 17:35

Brazilian oil company Petroleo Brasileiro SA (PBR), or Petrobras, confirmed late Tuesday the discovery of a new hydrocarbon accumulation in the pre-salt layer of the southern Campos Basin.

TNK-BP To Lift Crude Exports Through Baltic, Black Sea Ports

Πεμ, 1 Μαρτίου 2012 - 17:35

Anglo-Russian oil producer TNK-BP Ltd., half-owned by BP PLC (BP), said Wednesday it plans to lift crude oil shipments by between 300,000 and 350,000 metric tons a month through the Baltic and Black Seas when supplies to its Lisichansk refinery in Ukraine are halted March 1.

Saudi Says To Honor $3.7B Aid Pledge To Egypt

Πεμ, 1 Μαρτίου 2012 - 17:35

Saudi Arabia said Wednesday that it would honor a pledge of $3.75 billion in aid to Egypt, after complaints by the Egyptian premier that donor countries were failing to respect their commitments.