English Edition

Iran Says No Change In Foreign Policy With New Minister

Τρι, 14 Δεκεμβρίου 2010 - 18:10

Iran said Tuesday its nuclear and foreign policies won't change after President Mahmoud Ahmadinejad fired Foreign Minister Manouchehr Mottaki and replaced him with the atomic chief. "Iran's major international policies are defined in higher levels and the foreign ministry executes these policies. We will not see any changes in our basic policies," foreign ministry spokesman Ramin Mehmanparast said at his weekly briefing

Biggest Solar Panels Park in Romania to be Built in Cluj

Δευ, 13 Δεκεμβρίου 2010 - 15:21

A solar panels park on over 190 hectares will be built in Cluj – Napoca, according to Sorin Apostu, the mayor of Cluj Napoca. WWS Energy Development LLC will build the photovoltaic park and 30 percent of the electricity it will produce will be supplied to the city hall. The park will be built on a land plot where a residential compound, Tineretului, should have been built by Polus Real Estate

Russia to Start Building Turkey's First Nuclear Power Plant in 2013

Δευ, 13 Δεκεμβρίου 2010 - 15:09

Russia will start building Turkey's first nuclear power plant estimated at $20 billion in 2013, Russian ambassador to Ankara Vladimir Ivanovsky said on Sunday, Ria Novosti writes. "The launch of the plant's first power unit is planned for 2018 while the other three will be launched with an interval of one year. The fourth power unit will be put into operation in 2021 and the plant's reactors are designed to operate for 60 years. The project for the construction of the Akkuyu nuclear power plant under the Russian design is a strategic area of Russian-Turkish cooperation," the diplomat said

India's Shift In Climate Pact Stand Unacceptable - Opposition

Παρ, 10 Δεκεμβρίου 2010 - 17:35

Critics accused India's environment minister on Friday of selling out to wealthy nations at climate change talks in Mexico by saying New Delhi might accept binding emission cut targets.

Russia To Set Oil Product Duty At 60% Of Crude Duty In 2013 - Paper

Παρ, 10 Δεκεμβρίου 2010 - 17:35

Russia plans to unify export duties on heavy and light oil products at 60% of the duty on crude oil in 2013, the Vedomosti daily says Friday, citing sources in the government.

Enel Green Power: Up To EUR600 Mln EIB Loan For Italy Projects

Παρ, 10 Δεκεμβρίου 2010 - 17:35

Enel Green Power SpA (EGPW.MI) said Friday it signed for a loan of up to EUR600 million with the European Investment Bank to help finance renewable energy projects in Italy.

Angola Oil Minister Sees No Need To Change Output -State Media

Παρ, 10 Δεκεμβρίου 2010 - 17:34

The Organization of Petroleum Exporting Countries doesn't need to increase its production ceiling for now, Angola's oil minister was quoted as saying Friday.

Climate-Change Funds Shift Focus From Wind, Solar

Παρ, 10 Δεκεμβρίου 2010 - 17:34

The poor performance of some sectors aiming to slow climate change is pushing money managers to cast further afield for investments that both carry green credentials and are likely to post better returns.

Gazprom Must Relocate Controversial Tower - Governor

Πεμ, 9 Δεκεμβρίου 2010 - 18:34

The ambitions of Gazprom OAO (GAZP.RS) were dealt a symbolic blow Thursday when Saint Petersburg's governor prohibited the gas giant from building a skyscraper in the center of Russia's imperial capital.

SunPower and Iberdrola Renewables Sign Contract to Build 20-Megawatt Solar Power Plant in Arizona

Πεμ, 9 Δεκεμβρίου 2010 - 18:34

PRNewswire-FirstCall/ -- SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced an agreement with Iberdrola Renewables to design and build a 20-megawatt (MW) photovoltaic solar power plant, Copper Crossing, on 144 acres of former private agricultural land in Pinal County, Arizona.

China, Spain Cos Score Wins In Brazil Transmission Line Auction

Πεμ, 9 Δεκεμβρίου 2010 - 18:33

Companies from China and Spain were the biggest winners in Thursday's auction of concession to build transmission lines in Brazil.

Exxon Mobil's XTO Launches $3.83B Debt-Tender Offer

Πεμ, 9 Δεκεμβρίου 2010 - 18:33

Exxon Mobil Corp.'s (XOM) XTO unit launched another debt-tender offer, this one for $3.83 billion of securities, as Exxon continues its effort to erase its recent acquisition's borrowings.

Shell Feared Losing 80% Nigeria Oil Acreage -Wikileaks

Πεμ, 9 Δεκεμβρίου 2010 - 18:32

Royal Dutch Shell PLC (RDSB) feared it could lose up to 80% of its oil license acreage in Nigeria after the country's new Petroleum Industry Bill is passed, according to comments from Shell's former executive vice president in the region, Ann Pickard, that appear in U.S. Embassy cables published by Wikileaks.

OPEC Chief: OPEC May Act On $100 Bbl Price If Due To Fundamentals

Πεμ, 9 Δεκεμβρίου 2010 - 18:32

The Organization of Petroleum Exporting Countries could change its output ceiling if oil prices rise to $100 a barrel due to market fundamentals, the group's secretary general said Thursday.

EU Proposes Rules to Prevent Wholesale Energy Market Abuse

Πεμ, 9 Δεκεμβρίου 2010 - 16:59

The European Commission has today proposed rules on wholesale energy markets to prevent market manipulation and insider trading. The Regulation seeks to ensure market transparency by obliging energy traders to respect clear market rules. Wholesale markets, where gas and electricity is traded between companies producing energy and traders, are key to the prices consumers finally pay.

World Oil Prices May Fall to $60 per barrel in Three Years Warns Minister

Πεμ, 9 Δεκεμβρίου 2010 - 14:43

Global oil prices may fall to $60 per barrel within the next three years for a period of about six months, which will have a strong negative impact on the Russian economy as it heavily depends on world energy prices, Russian Finance Minister Alexei Kudrin said on Wednesday.