English Edition

Gazprom Chief: Russia Won't Reduce Gas Supplies To Ukraine Next Year

Πεμ, 8 Οκτωβρίου 2009 - 17:27

Russia will not reduce its gas exports to Ukraine next year or change its contract conditions, Gazprom OAO's chief executive said Wednesday.

Azerbaijan Plans To Raise 2010 Oil Output To 50 Mln Tons

Πεμ, 8 Οκτωβρίου 2009 - 17:23

Azerbaijan plans to slightly boost its annual oil production to about 50 million metric tons in 2010 from 48 million tons planned for this year, an official at Azerbaijan's state oil company Socar said Thursday.

Positive indications emerge on oil reserves in Aegean

Πεμ, 8 Οκτωβρίου 2009 - 15:48

A vessel transports a drilling rig that was set up in waters off Kavala, northeastern Greece. Mathios Rigas, the chairman of Aegean Energy, the country’s only operator of oil and gas production, said Greece is one of the few Mediterranean countries that hasn’t been properly explored for hydrocarbon reserves. Rigas expects international companies to start showing greater interest in Greece as positive results emerge.

Elinoil to Focus on Biofuels

Πεμ, 8 Οκτωβρίου 2009 - 15:47

Fuel company Elinoil stated yesterday that its greater participation in the biofuel industry is a strategic target for the company, via its Elin Biofuels subsidiary, founded three years ago.

E.ON Pans to Start 19 New Gas Plants

Πεμ, 8 Οκτωβρίου 2009 - 15:45

E.ON AG, Centrica Plc and other European utilities plan to start at least 19 new gas-fired power plants this quarter from Greece to Ireland, potentially cutting power and emissions prices and boosting demand for gas.

Motor Oil profits to increase by end of year

Πεμ, 8 Οκτωβρίου 2009 - 15:43

Motor Oil Hellas SA, the second-largest Greek refiner, expects that profits from processing a barrel of oil into fuels such as diesel will increase as early as the end of this year, as demand recovers. “We’ll have some recovery in demand” around the end of the year, Petros Tzannetakis, Motor Oil’s chief financial officer, said in an interview in London yesterday.

Natural Gas Execs Put Faith In Industry's Long-Term Outlook

Τετ, 7 Οκτωβρίου 2009 - 19:44

The global financial and economic crisis has taken its toll on the natural gas industry, with sharp declines in prices and consumption, but industry executives on Tuesday expressed their faith in the long-term outlook.

Russian,Czech Presidents To Discuss Energy,Trade Oct 14

Τετ, 7 Οκτωβρίου 2009 - 19:43

Czech President Vaclav Klaus will visit Russia Oct. 14 for talks with his Russian counterpart, Dmitry Medvedev, on energy and trade, the RIA Novosti news agency reports Wednesday, citing the Kremlin.

Gazprom, Repsol Discussing Joint LNG Project On Yamal

Τετ, 7 Οκτωβρίου 2009 - 19:41

Spanish oil firm Repsol YPF SA (REP) and Russian gas giant OAO Gazprom (GAZP.RS) are in talks about possible joint production of liquified natural gas, or LNG, on Russia's northern Yamal Peninsula, Gazprom said Wednesday.

Ukraine's Naftogaz: Paid Gazprom For September Gas Delivery

Τετ, 7 Οκτωβρίου 2009 - 19:40

Ukraine's national natural gas company Naftogaz said Tuesday it has paid fully and on time for the gas for September delivery purchased from Russia's OAO Gazprom (GAZP.RS).

Kashagan Oil Field's First Phase To Cost $38B

Τετ, 7 Οκτωβρίου 2009 - 19:39

Development of the initial stage of the giant Kashagan oil field in the Caspian Sea will cost $38 billion, the chief executive of Kazakhstan's state oil and gas company KazMunaiGas said Wednesday.

Iraq Sep Oil Exports Unch On Mo At 2 Mln B/D

Τετ, 7 Οκτωβρίου 2009 - 19:35

Iraq’s crude oil exports in September were at an average of 2 million barrels a day, about the same as the previous month, the head of the State Oil Marketing Organization, or SOMO, told Dow Jones Newswires Wednesday.

Iran's Pres Ahmadinejad Calls Geneva Talks A Step Forward

Τετ, 7 Οκτωβρίου 2009 - 19:34

President Mahmoud Ahmadinejad said Wednesday that last week's talks in Geneva between Iran and six world powers over Iran's controversial nuclear drive were a step forward.