English Edition

Iraq Targets 2M B/D Oil Exports In 1H 2010 -SOMO Chief

Τρι, 12 Ιανουαρίου 2010 - 18:48

Iraq is aiming to export some 2 million barrels a day of Basra light and Kirkuk crude oil in the first half of 2010, the head of the State Oil Marketing Organization told Dow Jones Newswires Tuesday.

EU: Gas Industry Says Continuous Supplies To Consumers Assured

Τρι, 12 Ιανουαρίου 2010 - 18:48

The European Union's natural-gas storage levels are above last year's, and the EU gas industry is providing continuous supplies to consumers, the European Commission said Tuesday.

EU: Greece is a Serious Concern

Τρι, 12 Ιανουαρίου 2010 - 13:37

The European Commission is following the economic situation in Greece “with serious concern,” the bloc’s designated economy commissioner, Olli Rehn, said in Brussels yesterday. Rehn was addressing the European Parliament, which began grilling members of the EU executive body ahead of a vote on their appointment scheduled for January 26.

Putin Urges Prompt Elimination of Energy Failures

Τρι, 12 Ιανουαρίου 2010 - 12:48

Russia's Prime Minister Vladimir Putin has urged power engineering specialists to fix energy failures without delays, Itar-Tass quotes him saying during a meeting with the regional development minister, Viktor Basargin, on Monday.

Iraq Wants Explanations On Iran Border Nuclear Plant

Δευ, 11 Ιανουαρίου 2010 - 17:44

The Iraqi government on Monday called for "explanations" from the U.N. nuclear watchdog on a reported plan for Iran to build a nuclear reactor near the border between the two countries.

Caspian Pipeline Consortium 2009 Exports At 34.6M Tons; Up 10%

Δευ, 11 Ιανουαρίου 2010 - 17:43

The Caspian Pipeline Consortium, which pumps oil from Kazakhstan to the Black Sea, last year shipped 34.6 million tons of oil through the Novorossiysk terminal, a 9.9% increase from 2008, the company said Monday.

Turkmenistan Resumes Natural Gas Supplies To Russia

Δευ, 11 Ιανουαρίου 2010 - 17:40

Turkmenistan resumed gas supplies to Russia on Saturday, Russian state energy giant Gazprom said, after a nine-month break that raised questions about Moscow's influence in the energy-rich state.

Russia Oil Supply To Belarus Unaffected By Lack Of Deal

Δευ, 11 Ιανουαρίου 2010 - 17:39

Russian oil supplies are continuing to and via Belarus to Europe despite the two countries' failure to sign an agreement for 2010, Belarus's state energy firm, Belneftekhim, said Monday, according to the RIA Novosti news agency.

Rosneft Vice President For Export Dmitry Bogdanov Leaves Co

Δευ, 11 Ιανουαρίου 2010 - 17:38

Vice President of Russia's largest oil company OAO Rosneft (ROSN.RS) Dmitry Bogdanov has left the company, where he was in charge of exports, Rosneft's spokesman said Monday.

BTC Oil Pipeline Scheduled To Pump 19M Barrels In Feb

Δευ, 11 Ιανουαρίου 2010 - 17:37

The Baku-Tbilisi-Ceyhan oil pipeline is expected to pump 19 million barrels of crude oil in February, 3.6 million barrels less than the January program, a crude oil trader said Monday.

Oil Hits New 15-month High on Demand, Dollar

Δευ, 11 Ιανουαρίου 2010 - 17:34

Oil prices stood above $83 a barrel on Monday, after earlier hitting a fresh 15-month high, supported by data showing China's crude oil imports surged by nearly 25 percent in December and as the dollar weakened.

China Trade Rebound Aids Global Economic Recovery

Δευ, 11 Ιανουαρίου 2010 - 17:30

China’s exportssurged in December and imports rose to a record in a stronger-than-forecast trade rebound that may lessen the case for governments to sustain stimulus programs this year. Exports climbed 17.7 percent from a year earlier, the first increase in 14 months, and imports jumped 55.9 percent, the customs bureau said on its Web site yesterday.

PPC Turns to Private Sector for RES Projects

Δευ, 11 Ιανουαρίου 2010 - 17:26

Public Power Corporation (PPC) is planning to make a major shift to renewable energy sources through joint projects with the private sector. Sources from the company suggested that only by employing such partnerships could the country could meet its binding targets for RES penetration by 20 percent by 2020.