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METKA warning on tender

Πεμ, 23 Ιουλίου 2009 - 16:02

Listed construction company METKA, which focuses on power installations, has warned against a fresh tender for a new electricity plant at Megalopoli in the Peloponnese. The candidate contractor highlighted the serious losses that Public Power Corporation (PPC) is incurring on a daily basis and opposes the views of the PPC union, which has called for a new tender “due to fears of a possible delay in the natural gas pipeline.”

Petrol Ofisi ban

Πεμ, 23 Ιουλίου 2009 - 15:53

Petrol Ofisi, Turkey’s biggest fuel retailer, said yesterday a court had suspended a government ban on the company bidding for state contracts. A court in the capital Ankara on Friday suspended the implementation of the one-year ban, which was imposed in April, during Petrol Ofisi’s legal appeal against the Energy Ministry, the company said in a filing.

Greece, Italy to explore reverse gas flow

Πεμ, 23 Ιουλίου 2009 - 15:49

Greece and Italy agreed to study the feasibility of upgrading a planned undersea pipeline to send natural gas in both directions. The agreement followed meetings between Development Minister Costis Hatzidakis, Italian Economic Development Minister Claudio Scajola and executives from Milan-based Edison SpA, according to a statement from Greece’s Development Ministry.

US Ready To Upgrade Ally Defenses Over Iran

Τετ, 22 Ιουλίου 2009 - 18:45

The United States is ready to help its allies in the Gulf establish a "defense umbrella" if Iran doesn't back down over its nuclear program, U.S. Secretary of State Hillary Clinton said Wednesday.

BP, CNPC Submit Iraq Rumaila Oil Field Plan

Τετ, 22 Ιουλίου 2009 - 18:42

The Iraqi oil ministry has received an initial development plan from BP PLC (BP.LN) and China National Petroleum Corp., which won the rights to the country's giant Rumaila oil field in southern Iraq in June, paving the way for a final signing of the contract, sources in the Iraqi oil ministry said Wednesday.

Gazprom Flags Risk Of Unrest In Russia From Economic Crisis

Τετ, 22 Ιουλίου 2009 - 18:40

Despite statements by Russia's top officials that the country's economic crisis is close to bottoming out, the state-controlled natural gas giant OAO Gazprom (GAZP.RS) has cautioned lenders on the possibility that weakening economic conditions there could cause escalation of social unrest in Russia.

Gazprom Refines Guidance On 5.5-Year Euro Benchmark Bond

Τετ, 22 Ιουλίου 2009 - 18:39

Russian natural gas monopoly OAO Gazprom's (GAZP.RS) planned 5.5-year, euro-denominated benchmark bond is expected to yield 8.25% to 8.50%, one of the lead managers said Wednesday.

Russian Helicopter Crash Kills Five Managers From Lukoil Unit

Τετ, 22 Ιουλίου 2009 - 18:38

Five managers from a subsidiary of OAO Lukoil (LKOH.RS), Russia's second biggest oil producer, died in a helicopter crash in southern Russia on Wednesday, the company said in a press release.

Belarus: Pipe Closure Not Linked To Russian Meat Ban

Τετ, 22 Ιουλίου 2009 - 18:37

Belarus has denied any link between the suspension of the Belarusian section of a petroleum pipeline from Russia to Latvia, and Russia's ban on meat imports from Belarus, Russian news agency RIA Novosti reports on its Web site Wednesday, citing a government spokesman.

Turkmenistan, Romania Pledge Stronger Energy Cooperation

Τετ, 22 Ιουλίου 2009 - 18:36

The presidents of Turkmenistan and Romania Wednesday signed a joint declaration aimed at increasing energy cooperation between the two former communist states.

Foreign Ministry: Russia Against Arms Race In Arctic

Τρι, 21 Ιουλίου 2009 - 19:30

Russia is against any arms race in the Arctic, Russian news agency RIA Novosti reports Tuesday, citing a Foreign Ministry spokesman.

Gazprom May Delay Shtokman Project On Mkt Conditions

Τρι, 21 Ιουλίου 2009 - 19:29

Russian gas firm OAO Gazprom (GAZP.RS) says it may delay development of the giant Shtokman gas condensate field depending on market conditions, the company has said in a eurobond memorandum.

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.