English Edition

Rosneft Sees 2010 Output Growth Rate Higher Than 2009

Rosneft Sees 2010 Output Growth Rate Higher Than 2009

Russia's biggest oil producer OAO Rosneft (ROSN.RS) says production growth will be "materially" higher in 2010 than this year, due to new volumes from its Vankor field, the company's Chief Financial Officer Peter O'Brien said Monday.

Motor Oil and Mytilineos Team up in Gas Market

Motor Oil and Mytilineos Team up in Gas Market

Motor Oil Hellas, Greece’s second-biggest refiner, and Mytilineos Holdings have set up a joint company to import and sell natural gas in Greece and abroad.

US, Russia Will Miss Deadline For Nuclear Treaty

US, Russia Will Miss Deadline For Nuclear Treaty

The U.S. and Russia will fail to reach a deal on a key nuclear arms treaty before it expires early next month, the Interfax news agency reported Friday, citing a source familiar with the talks.

Russia Scraps Export Duty On East Siberia Oil Dec 1

Russia Scraps Export Duty On East Siberia Oil Dec 1

Russia's government has scrapped export duty for crude oil produced at 13 East Siberian fields starting Dec. 1, in a move designed to stimulate production and investment in the region, the government said on its Web site Friday.

EU Seeks Ambitious Verifying Of Pledged CO2 Cuts

EU Seeks Ambitious Verifying Of Pledged CO2 Cuts

The European Union will press for ambitious reporting and monitoring of nations' pledged cuts in their greenhouse gas emissions, a lead EU negotiator told Dow Jones Newswires this week.

IAEA Resolution Theatrical And Useless - Iran

IAEA Resolution Theatrical And Useless - Iran

Iran's foreign ministry Friday dismissed as "theatrical and useless" a United Nations atomic watchdog resolution that censured Iran over its nuclear program, state news agency IRNA reported.

Iraqi Gas From Pearl May Supply Nabucco By 2014

Iraqi Gas From Pearl May Supply Nabucco By 2014

Northern Iraqi gas production from the Pearl Production Co. could be available in five years to feed into the Nabucco gas pipeline and supply Europe, Austrian oil company OMV AG (OMV.VI) said Friday.

China,US CO2 Moves Are Milestone For Climate Talks-IEA

China,US CO2 Moves Are Milestone For Climate Talks-IEA

China's plan to cut its carbon intensity and a U.S. proposal to cut its greenhouse gas emissions are a milestone for climate change talks to be held in Copenhagen Dec. 7-18, the chief economist of the International Energy Agency said Thursday.

Italys Installed Capacity From Photovoltaic Tops 700 MW

Italy's Installed Capacity From Photovoltaic Tops 700 MW

Italy's installed capacity from government-approved incentives from photovoltaic facilities has reached more than 700 megawatts, state-run Gestore Servizi Energetici, or GSE, said Thursday.

Russia Adopts New Energy Strategy

Russia Adopts New Energy Strategy

The Russian government Thursday approved a national energy strategy until 2030 that envisages increasing annual oil output to 530 million-535 million metric tons from 488 million tons in 2008, Russian news agency RIA Novosti reports Thursday on its Web site.

Lukoil Lifts 9-Month Output; Refining Volumes +11%

Lukoil Lifts 9-Month Output; Refining Volumes +11%

Russian oil major OAO Lukoil Holdings (LKOH.RS) said Thursday it increased refining volumes between January and September by almost 11%, as it acquired stakes in two European refineries.

Vattenfall Europe Reopens German Grid Sale Process

Vattenfall Europe Reopens German Grid Sale Process

German utility Vattenfall Europe AG Thursday said it has reopened the bidding process for its power transmission grid after the company failed to agree on key issues with a financial consortium with which it was in exclusive talks.

Somali Pirates Free Greek Ship For $3.7 Mln Payment

Somali Pirates Free Greek Ship For $3.7 Mln Payment

Somali pirates said Thursday they had released a Greek cargo vessel and its Ukrainian crew after a payment of $3.7 million more than six months after it was captured.

IENE΄s Energy & Foreign Policy Seminar and B2D Event Mark IENE΄s Expanded Agenda

IENE΄s Energy & Foreign Policy Seminar and B2D Event Mark IENE΄s Expanded Agenda

The organization of IENE’s Energy & Foreign Policy one-day seminar that inaugurated the events of the 3rd Energy Week on November 9th was heralded as a big success by the delegates and diplomats who crowded at the John Kranidiotes Amphitheatre of the Greek of Foreign Affairs Ministry. The event gave the opportunity to the two principal policy makers of the country’s Foreign Energy Policy or “Energy Diplomacy”, Deputy Foreign Minister Spyros Kouvelis and Deputy Minister of Energy, Environment and Climate Change, Professor Yiannis Maniatis, to present for the first time in public their ideas on Greece’s energy policy priorities and challenges