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Venezuela, Iran Agree $760M Reciprocal Oil Invest Deal

Δευ, 7 Σεπτεμβρίου 2009 - 18:33

Venezuela and Iran have signed deals to each invest $760 million in their respective petroleum sectors following a Venezuelan state visit, an Iranian agency said Monday.

Interests converge on energy

Δευ, 7 Σεπτεμβρίου 2009 - 15:37

The course of the major deals in the local energy sector does not seem to have been affected by the general elections called for next month. On the key issues related to long-term energy planning, the policies of the two major parties, ruling New Democracy and main opposition PASOK, largely converge.

Total CEO Says Concerned About Gabon Situation

Παρ, 4 Σεπτεμβρίου 2009 - 19:14

The chief executive of French oil major Total SA (TOT) Friday expressed his concern over tensions in Gabon, where the company has major oil producing assets, following an election in the African country.

KazMunaiGas EP 2Q Net Pft Down 75% On Lower Oil Price

Παρ, 4 Σεπτεμβρίου 2009 - 19:12

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production, or KMG EP, (RDGZ.KZ) said Friday its net profit declined 75% on the year to 20.75 billion tenge ($137.6 million) in the second quarter of 2009 due to lower oil prices.

Gazprom: Ukraine Has Paid In Full For August Gas Deliveries

Παρ, 4 Σεπτεμβρίου 2009 - 19:11

Ukraine has paid in full and on time for Russian gas delivered in August, Russian gas firm OAO Gazprom (GAZP.RS) said Friday.

BRIC: Too Early To Call Victory Despite Good Signs

Παρ, 4 Σεπτεμβρίου 2009 - 19:09

"Despite positive signs, it is too early to call victory (in the world economy)," the finance ministers of Brazil, Russia, India and China said in a statement to be released after a meeting Friday, according to a draft seen by Dow Jones Newswires.

EU Says Ready For Talks Or Confrontation With Iran

Παρ, 4 Σεπτεμβρίου 2009 - 19:08

Sweden's E.U. presidency said it was ready for talks or confrontation with Iran over its nuclear program and qualified the appointment of a terrorist suspect as defense minister as a "provocation."

Siemens Invests $ 15 Million in Israeli Solar Company Arava Power

Παρ, 4 Σεπτεμβρίου 2009 - 15:30

Siemens is investing $ 15 million in Arava Power Company, the Israeli market leader in developing solar power plants. An agreement was signed at Kibbutz Ketura yesterday, securing Siemens a 40 percent stake in the company. Arava Power develops, builds and operates photovoltaic plants in Israel. “This investment is another consequential step in further strengthening our green and sustainable technologies,” said Peter Löscher, President and CEO of Siemens AG

PPC advisers

Παρ, 4 Σεπτεμβρίου 2009 - 15:18

Public Power Corp SA (PPC), Greece’s biggest utility, hired two banks to advise on its rights to buy shares in state natural-gas company DEPA and gas-grid manager DESFA, as the government seeks to speed up asset sales. The PPC hired National Bank of Greece SA, the country’s biggest lender, and France’s BNP Paribas, the Athens-based utility said yesterday in an e-mailed statement.

Bulgaria to decide on energy plans

Παρ, 4 Σεπτεμβρίου 2009 - 15:17

Bulgaria will decide in November whether to push ahead or abandon major energy projects it had committed to, Prime Minister Boyko Borisov said yesterday. The new center-right government, which won elections in July, is reviewing plans for a new nuclear power plant as well as its participation in Russian-backed gas and oil pipelines, to see whether they match national interests.