English Edition

Mytilineos Profit Surges on Aluminium, METKA

Τετ, 23 Μαρτίου 2011 - 15:56

Mytilineos, operator of the Balkan region's biggest aluminium smelter, said its profit soared last year, helped by the global commodities boom and its power station construction affiliate METKA.

Turkey: South Stream Terms Unchanged

Τετ, 23 Μαρτίου 2011 - 14:48

Turkey has not presented Russia with new conditions on the construction of the South Stream pipeline, which aims to carry Russian natural gas to European markets, Energy Minister Taner Yildiz said today.

Russia Takes on Board Slovenia in South Stream Venture

Τετ, 23 Μαρτίου 2011 - 14:47

Russia signed a deal with EU member Slovenia yesterday (22 March), paving the way for the construction of the South Stream gas pipeline through the Adriatic country.

Bulgaria Prepares for Stress Test of Kozloduy N-Plant

Τετ, 23 Μαρτίου 2011 - 14:45

Bulgaria launched on Tuesday a safety check at its sole nuclear power plant in preparation for a European Union stress test called for by the nuclear crisis in Japan.

Rwanda Plans $935 Mln Geothermal Power Project

Τρι, 22 Μαρτίου 2011 - 18:24

The Rwandan government is planning to invest up to $935 million in a geothermal power project that is expected to generate some 310 megawatts of power for local and regional use when it is completed in seven years time, Rwanda's energy ministry said Tuesday.

Iraq To Auction 12 Exploration Blocks In November

Τρι, 22 Μαρτίου 2011 - 18:24

Iraq plans to auction 12 exploration blocks, believed to contain mostly gas reserves, in November as part of the country's efforts to capture natural gas for electricity generation, the country's oil minister said Tuesday.

Japan: Power Fully Restored At 2 Of 6 Fukushima Reactors

Τρι, 22 Μαρτίου 2011 - 18:24

Power was fully restored Tuesday at two of the six reactors of Japan's Fukushima Daiichi nuclear power plant, showing continued progress in rehabilitating the earthquake-damaged facility.

Iraq Oil Minister: Doesn't See Oil Price Above $120/Bbl

Τρι, 22 Μαρτίου 2011 - 18:23

The oil minister of Iraq, a founding member of the Organization of Petroleum Exporting Countries, said Tuesday that current oil prices are "reasonable" and he doesn't expect world economic growth to be harmed at their current level.

Iran OPEC Governor Concerned Output Rise Leads To Glut

Τρι, 22 Μαρτίου 2011 - 18:22

Iran is worried an output increase by some members of the Organization of Petroleum Exporting Countries is leading to oversupply, a top Iranian oil official said Tuesday.

Russia May Double Crude Oil Supplies To Japan

Τρι, 22 Μαρτίου 2011 - 18:22

Russia may consider doubling crude oil supplies to Japan this year compared with last year's roughly 9 million tons as part of disaster relief assistance, Deputy Prime Minister Igor Sechin said Tuesday, Kyodo News reported.

IAEA Head: Improvement At Fukushima 1; Calls For Response Evaluation

Δευ, 21 Μαρτίου 2011 - 17:56

There are clear improvements in the situation at the Japanese earthquake-hit Fukushima Daiichi nuclear power plant, the head of the United Nations nuclear watchdog said Monday, and the agency now feels assured the crisis will be solved.

Ukraine's Yanukovych: Sale Of Part Of Naftogaz Possible

Δευ, 21 Μαρτίου 2011 - 17:56

Ukraine may sell a part of state-run energy company Naftogaz on the international markets, the country's president Victor Yanukovych said Monday, Interfax reported.

Barclays Says Libya Oil Supply Out For A While

Δευ, 21 Μαρτίου 2011 - 17:56

Oil futures rise after airstrikes hit Libya, and Barclays sees recent events keeping oil production in the country shuttered. "The airstrikes can clearly result in a significant deterioration of the already unstable situation," firm says. "Libya will be out of the oil market for a protracted period of time."