English Edition

Eastern European, Caspian States Back EU Southern Energy Plan

Πεμ, 14 Ιανουαρίου 2010 - 19:45

Eastern European and Caspian Sea states vowed Thursday to support the European Union's "Southern Corridor" plan aimed at reducing the bloc's dependence on Russian energy supplies.

Lukoil: Oil Flowing To Belarus As Normal

Πεμ, 14 Ιανουαρίου 2010 - 19:44

Oil shipments from Russian producer OAO Lukoil Holdings (LKOH.RS) to Belarus are flowing as normal despite a disagreement over pricing between the two countries, the company said Thursday.

Russia Urges Armenia, Turkey To Move Quickly On Restoring Ties

Πεμ, 14 Ιανουαρίου 2010 - 19:44

Russian Foreign Minister Sergei Lavrov Thursday called on Armenia and Turkey to move forward quickly on stalled efforts to ratify a landmark deal to establish full diplomatic relations.

Belarus Pres: Russia Backed Out Of Deal On Oil Shipments

Πεμ, 14 Ιανουαρίου 2010 - 19:43

Russia has backed out of a deal on oil shipments to neighboring Belarus, the Belarussian President Alexandr Lukashenko wrote on his Web Site Thursday.

Gazprom To Buy 1B Cubic Meters Of Gas From Azerbaijan In 2010

Πεμ, 14 Ιανουαρίου 2010 - 19:43

Russian gas firm OAO Gazprom (GAZP.RS) will buy double the planned volume of natural gas from Azerbaijan this year, the head of the State Oil Company of Azerbaijan Republic, or Socar, said Wednesday.

GDF Suez CEO Has No Interest In Areva

Πεμ, 14 Ιανουαρίου 2010 - 19:43

French utility GDF Suez SA (GSZ.FR) hasn't any interest in taking a stake in French State-controlled nuclear engineering group Areva SA (CEI.FR), chairman and chief executive, Gerard Mestrallet, said Wednesday.

Polish PGNiG's Negotiations With Gazprom Still Inconclusive

Πεμ, 14 Ιανουαρίου 2010 - 19:42

Talks on higher gas supplies to Poland from Russia haven't yet produced a result, Polish gas monopoly PGNiG (PGN.WA) said Wednesday, after its executives returned from talks with Russia's OAO Gazprom (GAZP.RS) in Moscow.

Papandreou Vows EU10 Billion in Greek Deficit Cuts in EU Plan

Πεμ, 14 Ιανουαρίου 2010 - 19:24

Greece will cut spending and raise revenue by about 10 billion euros ($14.5 billion) this year as part of a three-year plan adopted today to bring the European Union’s biggest budget deficit within the EU limit in 2012.

EU to Take Legal Steps Against Fake Greek Data

Τετ, 13 Ιανουαρίου 2010 - 15:43

Amid financial and political turmoil, Greece now also faces accusations from the European Commission that figures on the country's public debt are unreliable and belie the country's true debt burden. Adding to Greece's economic woes, an EU source said today (13 January) that the European Commission was likely to take legal steps against Athens over its unreliable reporting of its public debt.

Expert Warns Bulgaria Faces Difficult Mid-term Gas Scenario

Τετ, 13 Ιανουαρίου 2010 - 15:38

Despite a drop in gas consumption in 2009, due to the economic crisis, a critical European decrease is unlikely until 2012, according to Bulgarian geopolitician Plamen Dimitrov. Speaking on the topic of Bulgaria's place on the new Eurasian energy map, the scientist noted that it was unrealistic to expect that the Nabucco natural gas pipeline would come onstream before 2016.

Oil Falls Below $80 on U.S. Inventories, China

Τετ, 13 Ιανουαρίου 2010 - 15:30

Oil fell to its lowest level this year on Wednesday, dipping below $80 a barrel after an industry report showed rising U.S. distillate inventories, despite the severe northern hemisphere winter.

Duties May Prompt Slide in Petrol's Profit

Τετ, 13 Ιανουαρίου 2010 - 15:28

Slovenia’s largest fuel retailer Petrol said yesterday its 2010 profit could be halved due to the government’s plans to raise excise duties on fuel. The company did not say what profit it referred to, but in December it had said it expected to reach group net profit of 43.2 million euros ($62.7 million) in 2010, up 6 percent from 2009 expected profit.

ExxonMobil, Petrobras In Pact With Turkish Natl Oil Co

Τρι, 12 Ιανουαρίου 2010 - 18:50

Exxon Mobil Corp. (XOM) and Petroleo Brasileiro S.A. (PBR) said Tuesday they struck a deal with the Turkish National Oil Co. (TPAO) to drill for deepwater oil and gas in the Black Sea.