English Edition

Iran's $66 Bln 2009 Energy Subsidy Is World's Highest

Τρι, 9 Νοεμβρίου 2010 - 18:34

Iran's fossil-fuel subsidy was higher than any other country in 2009 at $66 billion, the International Energy Agency said Tuesday, creating strain on the country's economy and inefficiencies in its energy sector.

Qatar Opens $1.3 Billion Petrochemicals Plant - Minister

Τρι, 9 Νοεμβρίου 2010 - 18:33

Qatar Tuesday inaugurated a $1.3 billion petrochemicals plant with a production capacity of about 700,000 metric tons a year of polyethylene and olefins at Masaeed industrial city south of Doha.

EDF Energy To Keep Standard Gas, Power Tariff Unchanged To March 2011

Τρι, 9 Νοεμβρίου 2010 - 18:33

Electricite de France SA's (EDF.FR) U.K. subsidiary EDF Energy Tuesday pledged to keep standard gas and electricity prices for residential customers at their current levels until at least the start of March 2011.

Petrobras Needs To Raise $32B By 2014 For Business Plan -Estado

Τρι, 9 Νοεμβρίου 2010 - 18:30

Brazilian oil giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, will need to raise $32 billion by 2014 to complete its 2010-2014 business plan, local Estado news agency said, citing Chief Executive Officer Jose Sergio Gabrielli.

Joint Power Auctions by Serbia and Hungary

Τρι, 9 Νοεμβρίου 2010 - 15:24

Serbia’s and Hungary’s grid operators will begin joint daily and monthly auctions of cross-border power capacity starting in January 2011, an official of Elektromreza Srbije (EMS) said yesterday. The total capacity available for allocation will be 600-700 megawatts, Milos Mladenovic, assistant general manager at EMS, Serbia’s grid operator, told Reuters.

France to Launch Offshore Wind Farm Tender

Τρι, 9 Νοεμβρίου 2010 - 14:50

France is set to ask for proposals to develop offshore wind farms, boosting the country's renewable energy output, a government official told Reuters on Monday.

Oil Rig Attacked Off Nigeria;5 Crew Believed Taken Hostage

Δευ, 8 Νοεμβρίου 2010 - 18:33

An oil rig was attacked off Nigeria early Monday and five crew members are believed to have been taken hostage, the company that oversees the rig, Afren PLC (AFR.LN, said in a statement.

Disagreements Hit Turkey-S Korea Nuclear Plant Talks -Official

Δευ, 8 Νοεμβρίου 2010 - 18:33

A possible deal with South Korea for the construction of a nuclear power plant in northern Turkey is being held up by disagreement on terms, a senior Turkish official was quoted as saying on Monday.

Kuwait Oil Minister In China, JV Refinery On Agenda

Δευ, 8 Νοεμβρίου 2010 - 18:32

Kuwait Oil Minister Sheik Ahmad Abdullah Al Sabah arrived here Monday, with his talks with Chinese government and company officials expected to focus on a planned joint venture refinery and petrochemicals complex, sources involved with the visit said.

Vestas Gets 100 MW Wind Turbine Order For European Projects

Δευ, 8 Νοεμβρίου 2010 - 18:32

Danish wind turbine maker Vestas Wind Systems A/S (VWS.KO) said Monday it has secured an order from an undisclosed customer for 100 megawatts of wind power for several wind projects in Europe.

Gazprom Expects Average Europe Gas Price Rising In 2H 2010

Δευ, 8 Νοεμβρίου 2010 - 18:32

Russian gas firm OAO Gazprom (GAZP.RS) expects European gas prices under its long-term contracts to rise in the second half of 2010 to average $308 per 1,000 cubic meters for the whole year, the company's Deputy Chief Executive Alexander Medvedev said Monday.

Gazprom Confident To Reach Price Deal With Edison Out Of Court

Δευ, 8 Νοεμβρίου 2010 - 18:31

Russian gas producer OAO Gazprom (GAZP.RS) expects pricing issues with Italian utility Edison SpA (EDN.MI) to be solved out of court, the company's Deputy Chief Executive Alexander Medvedev said Monday.

InterAgro to Build EUR 72 million of Co-Generation Power Plants

Δευ, 8 Νοεμβρίου 2010 - 17:14

InterAgro group, owned by Romanian businessman Ioan Niculae, will invest EUR 72 million in building co-generation power plants on industrial platforms across Romania and hopes to recover the investment in five years.