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Cyprus Won't Block Turkey's Process To EU

Πεμ, 12 Νοεμβρίου 2009 - 09:53

Blocking Turkey's progress towards European Union entry at a key December summit wouldn't be in the interests of long-term rival Cyprus, the Cypriot foreign minister said Wednesday.

Kazakhstan Uranium Production Up 61% On Year In 9 Months

Πεμ, 12 Νοεμβρίου 2009 - 09:51

Kazakhstan produced 9,535 metric tons of uranium in the first nine months of this year, up 61% from the same period a year earlier, state nuclear fuel company Kazatomprom said Wednesday.

Putin: Russia, Austria May Sign South Stream Accord Soon

Πεμ, 12 Νοεμβρίου 2009 - 09:49

Prime Minister Vladimir Putin said Wednesday that Russia and Austria are ready to complete preparations soon on signing an agreement on the South Stream gas project, Interfax reported.

Gazprom Neft Signs Agreement With Iranian National Oil Company

Πεμ, 12 Νοεμβρίου 2009 - 09:48

OAO Gazprom Neft (SIBN.RS), the oil arm of Russia's OAO Gazprom, signed an agreement with National Iranian Oil Company for cooperation in Iran.

Russian Government Urges Iran To Agree Nuclear Deal Soon

Πεμ, 12 Νοεμβρίου 2009 - 09:46

Russia urged Iran again Wednesday to give a prompt and positive response to a U.N.-drafted plan aimed at easing international concern over Tehran's nuclear program.

E.ON Expects Net Debt At End 2009 To Be Below End 3Q Level

Πεμ, 12 Νοεμβρίου 2009 - 09:44

German utility E.ON AG's (EOAN.XE) Chief Financial Officer Marcus Schenck Wednesday said the company expects its economic net debt at the end of 2009 to be slightly below the EUR46.18 billion it reported as of Sept. 30.

Pollution and Waste Growing

Τετ, 11 Νοεμβρίου 2009 - 17:01

Atmospheric pollution and inadequate waste management continue to pose a problem in Athens and other major Greek cities, while the risk of desertification has intensified in the provinces, according to the first study carried out by the National Center for the Environment and Sustainable Development (EKPAA).

Cyprus energy

Τετ, 11 Νοεμβρίου 2009 - 16:59

Cyprus invited expressions of interest yesterday for the supply of liquefied natural gas (LNG), a precursor to a selection process for gas coming online by 2014. The island seeks a supplier that can provide LNG for 20 years, in an attempt to wean it off the carbon-belching heavy fuel now firing its energy grids.

Elin to build 3-million-euro plant for Weidenhammer

Τετ, 11 Νοεμβρίου 2009 - 16:58

Elin Technical, 100 percent-owned by fuel company Elinoil, has signed a 3-million-euro deal to build a factory plant in Oinofyta, north of Athens, for Weidenhammer Hellas, it said yesterday. The construction of the 4,000-square meter plant is scheduled for completion by March next year.

PPC upbeat on earnings for 2009

Τετ, 11 Νοεμβρίου 2009 - 16:57

Public Power Corporation (PPC) yesterday reported nine-month net profits of 643 million euros on lower power generation costs, beating market expectations. The result, which beat analysts expectations for a figure of about 623 million euros, is a sharp improvement on the company’s 245-million-euro losses for the same period a year ago.

Russia GDP To Contract 8.7% In '09, Grow 3.2% In '10

Τρι, 10 Νοεμβρίου 2009 - 20:14

The World Bank Tuesday said the Russian economy would contract 8.7% in 2009, worse than previously forecast, but predicted a modest recovery to growth of 3.2% in 2010.

Gazprom Profit Drops 36% As Demand Slips

Τρι, 10 Νοεμβρίου 2009 - 20:12

Russian natural-gas monopoly OAO Gazprom said Monday its second-quarter net profit tumbled 36% because of reduced demand for natural gas in Europe and lower prices.

Eni Faces Threat To Gas Network

Τρι, 10 Νοεμβρίου 2009 - 20:11

Italian energy giant Eni SpA is facing a threat to its lucrative natural-gas business, long considered a ballast against volatile oil prices, as European Union trade regulators consider breaking up its network.