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France Inks Deal with Russia's Gazprom

Τρι, 2 Μαρτίου 2010 - 16:27

In the presence of French President Nicolas Sarkozy and his Russian counterpart Dmitry Medvedev, GDF Suez and Gazprom signed an agreement in Paris yesterday (1 March) formalising the entry of the French utility to the Nord Stream pipeline project.

Energy Prices Drive OECD Inflation Higher

Τρι, 2 Μαρτίου 2010 - 15:06

The annual rate of inflation in developed economies continued to rise as 2010 began, driven by higher energy prices. The Organization for Economic Cooperation and Development said Tuesday consumer prices among its 30 members rose 2.1% in the 12 months to January, compared with a 1.9% increase in the 12 months to December.

Greece Set to Outline New Austerity Measures Wednesday

Τρι, 2 Μαρτίου 2010 - 15:03

The Greek government is expected to outline a new austerity package of about €4 billion ($5.42 billion) on Wednesday in an effort to cut its huge budget deficit by four percentage points this year, government officials said Tuesday.

Gas Grid Sale in Constantinople

Τρι, 2 Μαρτίου 2010 - 14:41

Constantinople's municipality hired Citigroup Inc EFG Istanbul Securities and Ak Investment as advisers on the sale of its natural-gas grid operator. “The municipality’s subsidiaries department has awarded the three financial institutions with the advising process,” said Cengiz Ozturk, a spokesman for the Istanbul municipality, by telephone yesterday.

Aegean Energy Says ELPE Sank Plans

Τρι, 2 Μαρτίου 2010 - 14:38

Aegean Energy, the country’s only operator of oil and gas production, is turning to growth opportunities abroad after its $200 million investment plan ran into a brick wall in northern Greece. Aegean Energy, which operates three oil wells off the northern port city of Kavala, has been stopped from drilling for oil in the Thracian Sea despite getting Greek government permission to do so

Slovak Utility In Talks With Gazprom Over Gas Cuts Compensation

Δευ, 1 Μαρτίου 2010 - 17:51

Slovak natural gas utility Slovensky Plynarensky Priemysel AS, controlled by a unit of E.On AG (EOAN.XE) and Gaz de France (GSZ.FR), is negotiating with Russian gas monopoly OAO Gazprom (GAZP.RS) over possible compensation for losses inflicted on SPP by gas supplies cuts to western Europe from Russia in early 2009, a SPP spokesman said Monday.

European Integration Priority For Ukraine

Δευ, 1 Μαρτίου 2010 - 17:50

European integration is a priority for Ukraine's foreign policy, the country's new president said in Brussels Monday, seeking to reassure Europe by tempering his pro-Russia image.

TNK-BP Is Ready To Sell Its Stake In Kovykta To Gazprom

Δευ, 1 Μαρτίου 2010 - 17:49

Russian oil producer TNK-BP Holding (TNBP.RS), part-owned by U.K. oil major BP PLC (BP), is ready to sell its stake in Kovykta natural gas field to the state-controlled monopoly OAO Gazprom (GAZP.RS).

GDF Suez:To Sign MoU With Gazprom On NordStream Stake

Δευ, 1 Μαρτίου 2010 - 17:49

French utility GDF Suez SA (GSZ.FR) will later Monday sign a memorandum of understanding with Russia's OAO Gazprom (GAZP.RS) to get a 9% stake in the NordStream pipeline, a spokesman said.

Gazprom Invited Transgaz, Not Romania, To Join South Stream

Δευ, 1 Μαρτίου 2010 - 17:48

OAO Gazprom (GAZP.RS) invited state-run gas pipeline operator Transgaz (TGN.RO) and not Romania to join the South Stream project, the country's Economy Minister Adriean Videanu said Monday, news agency Mediafax reported.

Iraq Feb Oil Exports Up 7% On Month At 2.069 Mln B/D

Δευ, 1 Μαρτίου 2010 - 17:47

Iraq's crude oil exports in February were up 7% at 2.069 million barrels a day, compared with 1.925 million barrels a day in the previous month due to an increase in crude oil production from southern oil fields, head of State Oil Marketing Organization, or SOMO, said Monday.

EU Accession Boosted Czech Green Business

Δευ, 1 Μαρτίου 2010 - 10:39

Companies investing in renewables in the Czech Republic say the country's EU accession provided a major boost for green businesses. However, they complained of a "huge administrative burden" and favouritism of certain technologies. EurActiv Czech Republic reports.

France to Renew Calls for EU Carbon Tariff

Δευ, 1 Μαρτίου 2010 - 10:38

EU ministers are set to give renewed consideration to French calls for a "carbon inclusion mechanism" in an attempt to curb unfair competition from countries like China, which have weaker climate protection laws. But opinion is still divided on the issue of carbon tariffs at the EU's borders.

Chevron Secures Shale Exploration Rights in Poland

Δευ, 1 Μαρτίου 2010 - 10:34

In a filing with the Securities and Exchange Commission Thursday, Chevron, the second-largest U.S. oil company, confirmed that it has secured exploration rights for an additional Polish shale gas concession, although the size of the acreage was not divulged.

Russia Reduces Oil Export Duty to $254 Per Tonne

Δευ, 1 Μαρτίου 2010 - 09:57

Russia reduces an export duty on crude oil from 270.7 U.S. dollars per tonne to 253.6 U.S. dollars per tonne as of March 1. Export duties on light oil products decrease from 194.7 U.S. dollars to 183.2 U.S. dollars per tonne, and on dark oil products – from 104.9 U.S. dollars to 98.7 U.S. dollars per tonne.

Oil Era Not to End in Coming Decades - Shafranik

Παρ, 26 Φεβρουαρίου 2010 - 18:52

The oil era will not end in the coming decades, Yuri Shafranik, President of the Council of the Russian Union of Oil and Gas Producers, has said in an exclusive interview with Itar-Tass in London after his report at the British Royal Institute of International Affairs (Chatham House). He believes the “oil peak”, in the form in which it is described by Western analysts, is hardly probable.