English Edition

Kuwait Oil Min: Output Boost To 4 Mln B/D Delayed To 2030

Τρι, 6 Οκτωβρίου 2009 - 18:29

Kuwait is delaying plans to boost its crude output capacity by more than a third to 4 million barrels of oil a day by 10 years to 2030 due to lack of expertise and current oil market conditions, the country's oil minister said Tuesday.

GDF Suez To Hold 8%, Total To Hold 17% Of Khvanlinskoye Devt

Τρι, 6 Οκτωβρίου 2009 - 18:21

French utility GDF Suez (GSZ.FR) Tuesday said it has signed, in partnership with oil major Total SA (TOT), a heads of agreement to acquire half of KazMunaiGas' 50% stake in the Caspian Sea Khvalinskoye exploration license.

French Pres Praises Kazakhstan's Importance As Deals Signed

Τρι, 6 Οκτωβρίου 2009 - 18:18

French President Nicholas Sarkozy Tuesday praised the strategic importance of Kazakhstan as French firms signed a raft of key energy deals with the Central Asian state.

Russia's Pres Medvedev: Must Overcome Fatal Oil Dependence

Τρι, 6 Οκτωβρίου 2009 - 18:16

Russia must move beyond its "fatal" dependence on oil exports and reorient its economy around high-tech and innovation, President Dmitry Medvedev said Tuesday.

Suzlon Energy Gets Order From Turkey's Ayen Enerji

Τρι, 6 Οκτωβρίου 2009 - 18:15

Suzlon Energy Ltd. (532667.BY) Tuesday said it has received an order to install turbines with a total capacity of 57 megawatts for Turkey's Ayen Enerji AS (AYEN.IS).

World Bank, EBRD, EIB: Credit Crunch Risk Threatens Eastern Europe

Τρι, 6 Οκτωβρίου 2009 - 13:29

Major economic institutions have warned Monday that there is an increasing risk of a credit crunch in Central and Eastern Europe. The World Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) made a joint statement at a conference in Istanbul, Turkey "There are increasing risks of a major credit crunch in the region", the banks said

OPEC-11 Output Rises 0.29% In Sep Vs Aug

Δευ, 5 Οκτωβρίου 2009 - 18:41

Organization of Petroleum Exporting Countries continued to take advantage of crude prices around $70 a barrel in September, leaking more oil to the market for a sixth consecutive month, a survey by Dow Jones Newswires showed Thursday.

Final Testing Imminent At Iran's Bushehr Nuclear Plant

Δευ, 5 Οκτωβρίου 2009 - 18:39

Iran's first nuclear reactor, Bushehr, will begin final testing within the next few days, Russian news agency RIA Novosti reports Monday, citing Iran's vice president.

IMF Chief Backs Tax On Fincl Sector

Δευ, 5 Οκτωβρίου 2009 - 18:38

International Monetary Fund head Dominique Strauss-Kahn on Friday called for a tax on the financial sector to protect the world economy from the "systematic risk" it creates, The Independent in London reported on Saturday, citing the IMF head.

Greece's Socialists Head For Victory In National Elections

Δευ, 5 Οκτωβρίου 2009 - 18:34

Greece's opposition Socialist party was headed for victory in national elections on Sunday, as voters rejected the incumbent center-right party which had been tarred by scandals and unpopular economic policies during its five-and-a-half years in office.