English Edition

OMV Gas Plan Is Risky But Promising, Analysts Say

Τρι, 21 Ιουλίου 2009 - 19:28

Austrian oil and gas company OMV AG (OMVKY), burned twice recently in major merger attempts, now aims to ensure strong long-term growth by positioning itself as the epicenter of Europe's gas and power strategy - a plan fraught with risks, but also full of promise, analysts say.

Kurds Start Pumping Crude From Disputed Iraqi Oil Field

Τρι, 21 Ιουλίου 2009 - 19:25

The semi-autonomous Kurdish government has started pumping crude oil from a disputed oil field in northern Iraq to newly built oil refinery, the Kurdistan Regional Government said in a statement posted in its Web site Tuesday.

Greece To Have Better Idea Of Depa Sale Process By End Summer

Τρι, 21 Ιουλίου 2009 - 18:57

Greece will have a better idea how to privatize the Public Gas Corporation of Greece, Depa, by the end of the summer after it consults with its advisers, the country's development minister said in an interview published Tuesday in Italian daily Il Sole 24 Ore.

No Deepwater Gas Pipeline To Link Iran, India

Τρι, 21 Ιουλίου 2009 - 18:55

A top Iranian oil official has ruled out the possibility of gas exports to India through the Sea of Oman and the Indian Ocean, Iranian state-funded PressTV reports on its Web site Tuesday.

Total's Yemen LNG May See 1st Cargo Only By Year End

Τρι, 21 Ιουλίου 2009 - 18:53

Yemen LNG, in whichFrance's Total S.A. (TOT) is a shareholder, may see the loading of the first liquefied natural gas, or LNG, cargo from its new Balhaf facility pushed back into the fourth quarter due to delays on the project's onshore portion, a person familiar with the project said.

Cyprus Stands Firm On Turkey's EU Energy Chapter

Δευ, 20 Ιουλίου 2009 - 18:02

Cyprus Monday said it will continue to block the key energy chapter in Turkey's European Union accession bid as long as Ankara opposes Nicosias oil exploration.

Medvedev: Caucasus Security Situation

Δευ, 20 Ιουλίου 2009 - 18:00

Security in Russia's volatile North Caucasus remains very difficult despite efforts to stabilize the region, Russian President Dmitry Medvedev said Monday, news agencies reported.

Moscow Govt Seeks Blocking Stake In Sibir Energy

Δευ, 20 Ιουλίου 2009 - 17:58

The Moscow city government may seek a blocking stake in London-listed oil firm Sibir Energy PLC (SBE.LN) and operate the company jointly with OAO Gazprom Neft (SIBN.RS), the Vedomosti daily reports Monday citing a Moscow deputy mayor.

Iran, Turkmenistan Plan To Build New Gas Pipeline

Δευ, 20 Ιουλίου 2009 - 17:56

Iran and Turkmenistan plan to build a new pipeline for the transfer of Turkmen natural gas to the Islamic republic, the Iran Daily reports Sunday.

Pakistan Official: Iran Gas Will Save Pakistan $5M/Day

Δευ, 20 Ιουλίου 2009 - 17:55

A Pakistani official said importing Iranian gas through the planned Iran-Pakistan-India "peace" pipeline will save the country about $5 million a day, Pakistan's Dawn.com news Web site reports Monday.

Iran Oil Official: Crude Won't Exceed $72/Bbl In '09

Δευ, 20 Ιουλίου 2009 - 17:50

A senior Iranian oil official said a significant rise in crude oil demand is "improbable" until 2010 and the price per barrel of crude likely won't exceed $72 in 2009, the oil ministry's official Shana news agency reported late Saturday.

Iraq Kurd Leader Vows No Compromise Over Oil City

Δευ, 20 Ιουλίου 2009 - 17:44

The president of Iraq's autonomous Kurdish region, Massud Barzani, said he won't "compromise" on longstanding Kurdish claims to the oil-rich province of Kirkuk, in a speech late Sunday.

Ministry pushes back DEPA, airport sale

Δευ, 20 Ιουλίου 2009 - 12:42

Greece has pushed back plans to sell stakes in its natural gas monopoly and its biggest airport this year, officials said yesterday, citing complications and adverse market conditions

Turkmenistan Signs Exploration Deal With Nabucco Partner

Παρ, 17 Ιουλίου 2009 - 20:07

Turkmenistan has signed a landmark deal granting Caspian Sea gas exploration and extraction rights to a member of the Nabucco pipeline consortium, state media reported Friday.

EU, Ukraine Step Up Talks To Head Off Gas Crisis

Παρ, 17 Ιουλίου 2009 - 20:06

The European Union said Friday it will step up talks with Ukraine, Russia and international financial institutions on financial aid to Ukraine, in a bid to head off renewed disruption of European gas supplies this winter.

Russia Seeks Alternative Fuel Resources In Siberia

Παρ, 17 Ιουλίου 2009 - 20:04

Underwater research in Siberia's Lake Baikal has produced almost 5 kilograms of gas hydrates, a possible alternative to oil and gas containing a higher concentration of hydrocarbons, the RIA Novosti news service reports Friday, citing an expedition participant.