English Edition

PPC Will Increase Hydroelectric Production to Lower Water Levels

Τρι, 22 Δεκεμβρίου 2009 - 15:54

Public Power Corporation SA (PPC), Greece’s largest electricity company, will increase hydroelectric production at its storage reservoirs to lower water levels. High inflows “following the heavy rainfall of the last few days, combined with the already high water reserve levels for the time of the year, give rise to the need for immediate measures to protect dams and prevent flooding,” the Athens-based company said in an e-mailed statement yesterday.

2 Million Without Power In SE France - Grid Operator

Δευ, 21 Δεκεμβρίου 2009 - 19:55

The French electricity grid was forced to cut off power to around 2 million people in the southeast of the country Monday in order to avoid a massive regional blackout, the operator RTE said.

Qatar Oil Minister:Oil Demand Seen Improving Into 2010

Δευ, 21 Δεκεμβρίου 2009 - 19:54

Oil demand has improved and is seen continuing to improve into 2010, Qatari oil minister Abdullah bin Hamad Al Attiyah said Monday.

Iran To Produce Nuclear Fuel Itself - Foreign Minister

Δευ, 21 Δεκεμβρίου 2009 - 19:54

Iran will pursue its nuclear drive in a "normal fashion" and will produce itself the fuel necessary for its Tehran medical reactor, Iranian Foreign Minister Manouchehr Mottaki said Monday.

France, China Sign Economic Deals Worth $9 Billion

Δευ, 21 Δεκεμβρίου 2009 - 19:53

France and China on Monday hailed their reinvigorated ties, putting a spat over Tibet behind them and sealing a series of 12 economic deals worth about $9 billion during a visit by French Prime Minister Francois Fillon.

India's Nuclear Power Corp Plans 20,000MW By 2020

Δευ, 21 Δεκεμβρίου 2009 - 19:53

Nuclear Power Corp. of India Ltd., the country's only nuclear power generator, plans to produce 20,000 megawatts of electricity by 2020, and increase generating capacity by 10,000 MW in the immediate future, a senior company official said Monday.

Venezuela Oil Minister: OPEC Should Keep Current Output

Δευ, 21 Δεκεμβρίου 2009 - 19:52

Venezuela's Oil Minister Rafael Ramirez said that the Organization of Petroleum Exporting Countries should keep its current production levels during a meeting scheduled for Tuesday in Angola.

Enel Sues Greenpeace for €1.6m

Δευ, 21 Δεκεμβρίου 2009 - 16:53

Enel, Italy's largest utility, is seeking more than €1.6m ($2.4m, £1.4m) in damages from Greenpeace for alleged losses in electricity production and damage caused by protests launched by the environmental group at Enel's four coal-fired power stations.

Joint General Meeting of Shareholders and Supervisory Board of Trans-Balkan Pipeline B.V.

Δευ, 21 Δεκεμβρίου 2009 - 12:03

A joint general meeting of Shareholders, Supervisory Board and Management Board of Trans-Balkan Pipeline B.V. (ТВР) was held in Amsterdam on December 17-18, 2009. ТВР management presented to the Shareholders and Supervisory Directors a detailed account of corporate activities in 2009 and the proposed budget for 2010.

Nonbinding Agreement Reached at Copenhagen Climate Change Summit

Κυρ, 20 Δεκεμβρίου 2009 - 11:41

A nonbinding agreement, which has nonetheless been described as “meaningful” by key states, has been reached at the UN climate change summit in Copenhagen. The agreement reached between the USA and four key developing nations – China, India, Brazil, and South Africa, was announced to the conference by US President Barack Obama.

Bulgaria May Lose EUR 1 B from Renewable Energy Moratorium

Σαβ, 19 Δεκεμβρίου 2009 - 20:10

The intention of the Bulgarian government to impose a temporary moratorium on the new renewable energy projects might lose Bulgaria EUR 1 B of foreign investments over the next 5 years. This was stated Wednesday at a news conference by Nikola Gazdov, Chair of the Bulgarian Photovoltaic Association.

Iraqi Oil Officials Accuse Iranians Of Holding Iraqi Oil Field

Παρ, 18 Δεκεμβρίου 2009 - 20:03

Iraqi officials said Iranian troops occupied a disputed oil well along the two countries' border, the latest in a string of sometimes-contradictory statements Friday about the incursion, fueling worry about an escalation in tensions between Baghdad and Tehran.

OPEC Members May Get Wish, But It Won't Last

Παρ, 18 Δεκεμβρίου 2009 - 20:02

It's that time of year again, and members of the Organization of the Petroleum Exporting Countries might already be getting just what they want--an ideal oil price for producers and consumers alike. That's a good place for the oil market to be in ahead of Tuesday's meeting of key oil producers in Luanda, Angola, who will discuss OPEC's production policy--but don't expect it to last long.