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Gazprom To Buy Controlling Stake In Kyrgyzstan Gas Co

Τετ, 5 Αυγούστου 2009 - 18:04

Russian energy company OAO Gazprom (GAZP.RS) will acquire a controlling stake in Kyrgyzstan's national gas company Kyrgyzgaz, Russian news agency RIA Novosti reports on its Web site Wednesday, citing the central Asian republic's ambassador to Moscow.

Turkey's Petrol Ofisi To End Subsidiary Operations

Τετ, 5 Αυγούστου 2009 - 18:02

Turkish fuel distributor Petrol Ofisi AS (PTOFS.IS) said Wednesday it has decided to terminate the operations of its overseas subsidiaries Petrofinance NV and PO Oil Financing Ltd., the Ihlas News Agency, or IHA, reports.

EPCG privatization

Τετ, 5 Αυγούστου 2009 - 16:14

Montenegro’s Privatization Council confirmed yesterday that Italy’s A2A won the tender competition to take a minority stake in power monopoly Elektroprivreda Crne Gore (EPCG). The Italian company will acquire 11,457,357 shares, or 18.3 percent in EPCG, at 8.40 euros per share.

Mytilineos expected to report H1 profit drop

Τετ, 5 Αυγούστου 2009 - 16:12

Mytilineos Holdings SA, a Greek metals and energy group founded in 1908, is expected to announce that first-half profits fell as revenue declined following the suspension of Romanian operations and project delays at its Metka unit. Net income probably slid 68 percent to 7.7 million euros ($11 million) from 24.1 million euros a year earlier, according to the median estimate of six analysts Bloomberg News surveyed by e-mail and telephone.

Russia seeks an energy foothold

Τετ, 5 Αυγούστου 2009 - 16:09

Russia’s Prime Minister Vladimir Putin is likely to use a trip to Ankara tomorrow to try to get Turkey to support a mega-pipeline that will help Moscow outpace a rival EU project to safeguard its European gas market. Putin’s trip follows a signing ceremony in Ankara last month for transit agreements for the European Union-backed Nabucco natural gas pipeline, designed to counter Russia’s strong influence over European energy supplies.

PPC misses out on Montenegro tender

Τετ, 5 Αυγούστου 2009 - 16:06

Montenegro yesterday accepted an offer from Italian utility A2A for a minority stake in power monopoly EPCG, Deputy Prime Minister Vujica Lazovic said, beating a rival, higher offer by Greece’s Public Power Corporation. The PPC offer was deemed “incompatible” with the rules of the tender, a day after the company, bidding with GoldenEnergy One Holdings, a unit of the Greek shipping group Restis, said it had no conditions attached to its offer.

Bulgaria backs South Stream, unsure on future of N-plant

Τετ, 5 Αυγούστου 2009 - 16:04

Bulgaria will push ahead with the South Stream gas pipeline but has yet to decide whether or not to abandon the Belene nuclear power project, the economy and energy minister said yesterday. The new center-right government, which took office last week, has said it needs to revise its commitments on major energy projects as they could worsen the budget situation in the country, hit by the global economic crisis and falling revenues.

Enel, EDF To Build Nuclear Plants In Italy

Τρι, 4 Αυγούστου 2009 - 18:47

Enel SpA and Electricite de France SA on Monday finalized a deal valued at as much as 16 billion euros ($22.8 billion) to form a joint venture that will develop nuclear power stations in Italy.

French Govt Wants 2.3% Avg Pwr Tariff Hike For EDF On Aug 15

Τρι, 4 Αυγούστου 2009 - 18:44

The French government plans to increase regulated electricity tariffs by 2.3% on average this month and has asked the energy regulator for its opinion, the finance and energy ministries said Tuesday in a joint statement.

Russia Jul Non-CIS Oil Exports, Transit Dn 4.2 % On Yr

Τρι, 4 Αυγούστου 2009 - 18:43

Russia's oil exports, including the transit of oil through Russia, to countries outside the Commonwealth of Independent States decreased 4.2% on the year to 18.532 million metric tons in July, TsDU-TEK, which provides data and analysis to the Energy Ministry, said in a report obtained by Prime-Tass news agency Monday.

Turkey's Tupras To Invest $400 Mln Over Two Years

Τρι, 4 Αυγούστου 2009 - 18:41

Turkish oil refiner Turkiye Petrol Rafinerileri AS (TUPRS.IS), or Tupras, plans to invest $400 million in the next two years, General Manager Yavuz Erkut is quoted as saying Tuesday, the Ihlas News Agency, or IHA, reports.

Turkey Eyes Energy Role For Putin Visit

Τρι, 4 Αυγούστου 2009 - 18:39

Russian Prime Minister Vladimir Putin is to visit Ankara Thursday for talks expected to focus on energy cooperation amid a growing Turkish role in projects to carry gas and oil to Europe.

Iberdrola Mulls Role In Russian Nuclear Plant Construction

Τρι, 4 Αυγούστου 2009 - 18:37

Spanish electricity company Iberdrola SA (IBE.MC) is studying participation in the construction of a nuclear power plant in the Russian exclave of Kalingrad, a company press official said Tuesday.