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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.

Gazprom Sees Ukraine Transit Tariff Rising 50%-60% Next Year

Πεμ, 3 Σεπτεμβρίου 2009 - 17:37

Russian state gas firm OAO Gazprom (GAZP.RS) said Thursday it expects tariffs for the transit of natural gas through Ukraine will rise by 50% to 60% next year.

Russia Energy Min Sees 2009 Oil Output At 490 Mln Tons

Πεμ, 3 Σεπτεμβρίου 2009 - 17:35

Russian Energy Minister Sergey Shmatko expects the country's oil and gas condensate output to total 490 million metric tons this year, or 9.84 million barrels a day, the Interfax news agency reported Thursday.

Russia Govt May Offer Mechel Support To Develop Field

Πεμ, 3 Σεπτεμβρίου 2009 - 17:32

Russian miner OAO Mechel (MTL) may receive state support in the form of tax breaks and the purchase of its bonds by state banks, daily Vedomosti reports Thursday, citing a document from a government meeting.

Turkey Unable To Give More Water To Iraq,Syria

Πεμ, 3 Σεπτεμβρίου 2009 - 17:30

Turkey can't give more water to Iraq and Syria, Energy Minister Taner Yildiz said Thursday, as officials from the three neighbors met in Ankara to discuss the sharing of the Tigris and Euphrates rivers.

New Iranian Nuclear Package Next Week

Πεμ, 3 Σεπτεμβρίου 2009 - 17:29

Iran's top nuclear negotiator, Saeed Jalili, told AFP Thursday that Tehran will deliver its new package of proposals to world powers in the coming Iranian week, which starts Saturday.

Jordan PM Arrives In Iraq

Πεμ, 3 Σεπτεμβρίου 2009 - 17:21

Jordanian Prime Minister Nader al-Dahabi arrived in Baghdad Thursday where he was met by his Iraqi counterpart Nouri al-Maliki, an airport official told AFP.

Go-Ahead for Bulgaria Gorna Arda Hydro Project

Πεμ, 3 Σεπτεμβρίου 2009 - 15:20

Bulgaria's new government has sealed a letter of approval for the construction of the long-delayed hydropower project at Gorna Arda river, the energy and economy minister announced. The move is a requirement for the wrapping up of the sale of a 30.1% stake, owned by Turkey's CCG, part of the Ceylan conglomerate, to an Austrian consortium between energy firm EVN and construction company Alpine Bau

EU Piebalgs:Gas Problems With Ukraine,Russia In Sep Unlikely

Τετ, 2 Σεπτεμβρίου 2009 - 18:41

The European Union is unlikely to face new gas problems with Ukraine and Russia in September, E.U. Energy Commissioner Andris Piebalgs told the European Parliament Wednesday.