English Edition

BP's Russian Joint Venture Postpones Sale Of Kovykta Field

Τρι, 8 Φεβρουαρίου 2011 - 14:06

An auction of the huge Siberian Kovykta gas condensate field, majority-owned by BP PLC's (BP) Russian joint venture TNK-BP Ltd., has been postponed by two weeks to March 1, the administrator of the sale said Tuesday.

Rosatom Unit To Drop Bulgarian Belene Project

Δευ, 7 Φεβρουαρίου 2011 - 18:38

AtomStroyExport, a unit of Russian nuclear group Rosatom Nuclear Energy State Corporation, will cancel a project to build a nuclear reactor in the town of Belene in Northern Bulgaria due to delays caused by the Bulgarian government's financing issues, French business daily La Tribune reported Monday, citing an internal document that AtomStroyExport sent to its parent company.

BP Looking Further Afield For Investments-Trader

Δευ, 7 Φεβρουαρίου 2011 - 18:38

BP (BP.LN) is reportedly in talks with Indian energy major Reliance Industries (500325.BY) to buy a 30% to 45% stake in the D6 hydrocarbon block in a basin off India's east coast, according to press reports. This deal, if it happens, will allow BP to start looking further afield for investment, says Atif Latif, trader at Guardian Stockbrokers.

Iran Oil Spill Pollutes Vast Patches Of Coast, Farmland - Report

Δευ, 7 Φεβρουαρίου 2011 - 18:37

Oil spill from a ruptured pipeline in Southwestern Iran is contaminating large areas of coastal waters and farmland, local officials were quoted as saying by an official agency Monday, the latest incident in an oil industry suffering from years of underinvestment.

Iran, Turkey Aim To Triple Trade To $30 Bln

Δευ, 7 Φεβρουαρίου 2011 - 18:37

Iran and Turkey plan to triple two-way annual trade to $30 billion by 2015, officials of the neighboring states said Monday ahead of a visit by Turkish President Abdullah Gul to the Islamic republic.

Brazil's Petrobras Ends Talks To Buy Galp Stake>PBR

Δευ, 7 Φεβρουαρίου 2011 - 18:36

Brazilian state-run oil company Brazilian state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, backed out of the bidding for a stake in Portugal's Galp Energia (GALP.LB), saying Monday that talks with Italy's Eni SpA (E, ENI.MI) had ended.

Wingas, E.ON Get 1st OK To Build Nord Stream Connection Pipeline

Δευ, 7 Φεβρουαρίου 2011 - 18:36

German natural gas companies Wingas GmbH and E.ON Ruhrgas have received the first of two required approvals to build a northern German gas pipeline project that aims to link the Baltic Sea transit pipeline Nord Stream to the German grid.

Egyptian Gas to Israel, Jordan May Halt for Two Weeks

Δευ, 7 Φεβρουαρίου 2011 - 18:36

Egyptian natural gas exports to Israel and Jordan may be halted for as long as two weeks after an explosion damaged a pipeline in the Sinai Desert yesterday, Egyptian Oil Minister Sameh Fahmytold state television.

Mideast, Solar Deals Attractive for Ellaktor

Δευ, 7 Φεβρουαρίου 2011 - 18:00

Ellaktor, Greece’s largest construction group, said on Wednesday that the Middle East is an ‘attractive and big’ market with the potential for many contracts, according to a presentation by the company. Key challenges ahead include the materialization of Ellaktor’s 2.6-billion-euro backlog and improving operating profit margins, it said

EU May Propose Binding Energy Saving Targets Next Year

Παρ, 4 Φεβρουαρίου 2011 - 16:56

The European Commission may propose next year binding energy saving targets for 2020, if a review shows that the European Union plans are unlikely to see it reach the goal of being 20% more efficient by then, a draft document seen by Dow Jones Newswires showed Friday.

Iran Supreme Leader Calls For Islamic Regime In Egypt

Παρ, 4 Φεβρουαρίου 2011 - 16:56

Iran's supreme leader Ayatollah Ali Khamenei Friday urged Egyptians to set up an Islamic regime in their country as he lashed out at Egyptian President Hosni Mubarak.

OPEC Jan Output Jumps On Iraq Revival, Saudi Boost

Παρ, 4 Φεβρουαρίου 2011 - 16:55

Production from the Organization of Petroleum Exporting Countries sharply rose in January, as buoyant Asian demand was largely met by a revival in Iraqi output and higher output from Saudi Arabia, according to a survey Friday by Dow Jones Newswires.

Decoding BP's Russian Power Struggle

Παρ, 4 Φεβρουαρίου 2011 - 16:55

During the Cold War, the struggle to understand the opaque inner workings and power struggles of the Soviet government was a fully fledged field of academic study, known as Kremlinology.