English Edition

Rosneft Likely To See Strong Demand For ESPO Crude

Δευ, 22 Φεβρουαρίου 2010 - 17:54

Rosneft offers another three ESPO Blend crude cargoes for March, early April loading; likely to see strong demand for medium, sweet ESPO as more refiners in Asia, U.S. receptive to new grade; Rosneft offers 100,000 tons ESPO each for April 1, March 20, March 30 loading; tender closes Feb. 25.

Goldman Sees Oil At $85-$95/Bbl On Fundamentals

Δευ, 22 Φεβρουαρίου 2010 - 17:47

Goldman Sachs expects oil to set a new range between $85-$95/bbl in 2010 on improving near-term fundamentals. The rally will be driven by stronger timespreads, as prompt prices come in line with higher long-dated prices.

Iraq «Wary of Foreign Oil Players»

Δευ, 22 Φεβρουαρίου 2010 - 15:59

Iraq has no further plans to use foreign companies to develop its oilfields beyond ones auctioned off last year, Prime Minister Nuri al-Maliki has said, ahead of a national election next month. Analysts say that foreign companies may have accepted the tough terms in oilfield development contracts awarded in two rounds last year partly to secure an initial foothold in Iraq

Hydrogen taxi cabs to serve London by 2012 Olympics

Δευ, 22 Φεβρουαρίου 2010 - 15:12

A taxi cab that runs on the latest hydrogen fuel cell technology is being developed with the aim of being ready for full road trials in time for the 2012 Olympics. The car looks and drives just like a standard London black cab – but underneath the bonnet is some cutting-edge technology by sports carmaker Lotus.

Worlds Top Firms Cause $2.2tn of Environmental Damage, Report Estimates

Δευ, 22 Φεβρουαρίου 2010 - 13:59

The cost of pollution and other damage to the natural environment caused by the world's biggest companies would wipe out more than one-third of their profits if they were held financially accountable, a major unpublished study for the United Nations has found.

Europe Worried About Standstill on US Climate Bill

Δευ, 22 Φεβρουαρίου 2010 - 13:55

European concern is growing about the prospects of securing a new international climate treaty, as support appears to be waning in the US for domestic climate legislation that would include a cap-and-trade system.

Brussels to Table EU Clean Cars Strategy

Δευ, 22 Φεβρουαρίου 2010 - 13:43

The European Commission is set to propose a strategy on clean and fuel-efficient cars by May, followed later by an action plan to help introduce green vehicles to the market. EU Industry Commissioner Antonio Tajani met with ministers in charge of industry on Friday (19 February) to discuss the economic challenges facing the European car industry.

Bulgaria to Submit Financing Scheme After Ecological Expertise

Δευ, 22 Φεβρουαρίου 2010 - 13:32

Bulgaria will submit a scheme of financing its share in the Burgas-Alexandroupolis project after a positive ecological expertise, Russia’s Minister of Power Engineering Sergei Shmatko told journalists on Saturday.

Bulgaria Finance Minister rejects Russian loan for Belene nuke

Δευ, 22 Φεβρουαρίου 2010 - 12:41

Bulgarian Finance Minister Simeon Dyankov said on February 19 that he would not authorise a loan from Russia to continue construction on Belene nuclear power plant. Speaking to Bulgarian National Radio, Dyankov said: "I will not allow state guarantees [for a loan], our Budget would not survive it, nor do we need it."

E.ON: Gazprom Partially Drops Oil-Price Link For Gas Contracts

Παρ, 19 Φεβρουαρίου 2010 - 16:44

Germany's largest importer of natural gas E.ON Ruhrgas AG said Friday that OAO Gazprom (GAZP.RS), its largest supplier, partially dropped the oil-price link of gas delivery contracts, following months of negotiations between the companies.

Rosneft Awards ESPO Crude Tender To Unipec, Gunvor

Παρ, 19 Φεβρουαρίου 2010 - 16:43

Russia's top oil producer OAO Rosneft (ROSN.RS) has awarded a tender to sell ESPO Blend crude to Gunvor and Unipec, a trader said Friday.

Romania Officially Invited To Join S Stream Project

Παρ, 19 Φεβρουαρίου 2010 - 16:43

Russia's OAO Gazprom (GAZP.RS) extended a formal invitation to the Romanian authorities to join the South Stream pipeline project and to expand natural-gas cooperation beyond Romania's borders, Economy Minister Adriean Videanu said Friday, news agency Mediafax reports.

Russia:Turkey, Russia To Hold Talks On Nuclear Plant Mar

Παρ, 19 Φεβρουαρίου 2010 - 16:42

Russian Deputy Prime Minister Igor Secin said Friday Turkey and Russia will continue co-operation talks to build the first ever nuclear power plant March 9 in Moscow, the Ihlas News Agency, or IHA, reports.

Russia Ready To Help Finance Bulgaria Nuclear Plant

Παρ, 19 Φεβρουαρίου 2010 - 16:41

Russia is ready to finance the construction of a new nuclear plant in Bulgaria by up to EUR2 billion until a new strategic investor can be found, officials said here Friday.

Lukoil: 2009 Oil-Reserve Replacement Ratio 95%

Παρ, 19 Φεβρουαρίου 2010 - 16:40

Russia's biggest independent oil producer, OAO Lukoil Holdings (LKOH.RS), said Friday it added less hydrocarbons to its reserves than it produced in 2009, posting a reserve replacement rate of 95%.

Romania Romgaz, Gazprom To Carry On Gas Talks - Official

Πεμ, 18 Φεβρουαρίου 2010 - 19:29

Romanian natural gas supplier Romgaz Medias will continue negotiations with Russia’s giant Gazprom on gas storage co-operation, Romgaz general manager Marcel Piteiu said Wednesday. Economy Minister Adriean Videanu and Romgaz's head met earlier Wednesday with Gazprom vice-president Alexander Medvedev. The officials talked about setting up a natural gas storage facility in Romania.