English Edition

Iraq Gets $48M Held For 19 Years By Intesa Sanpaolo

Πεμ, 30 Ιουλίου 2009 - 18:16

Iraq has collected around $48 million blocked for 19 years in an account at the London branch of an Italian bank because of a lawsuit, the Oil Ministry said Thursday.

E.ON Receives 6 Non-Binding Offers For Italy Gas Grid

Πεμ, 30 Ιουλίου 2009 - 18:13

E.ON AG (EOAN.XE) has received six non-binding offers for its Italian natural gas transmission network, which is valued at EUR500 million to EUR600 million, reports Italian daily la Repubblica Thursday, without citing its sources.

EDF CEO: Intl Oper Capex Is Self-Financed Through Cash Flows

Πεμ, 30 Ιουλίου 2009 - 18:11

State-controlled utility Electricite de France SA's (EDF.FR) international investments finance themselves through the cash-flows they generate, Chief Executive Pierre Gadonneix said Thursday.

Iraq's Cabinet Approves Law Establishing National Oil Co

Τετ, 29 Ιουλίου 2009 - 17:38

The Iraqi cabinet Tuesday approved a law providing for the establishment of a national oil company for the first time in decades, a government spokesman said.

Ukraine Has Flexibility On IMF Loan; Could Be Used For

Τετ, 29 Ιουλίου 2009 - 17:33

A key International Monetary Fund staffer Wednesday suggested that Ukraine has the flexibility to use the third $3.3 billion tranche of its IMF loan to pay Russia for natural gas supplies.

Weatherford, TNK-BP Complete Oil Field Service Transaction

Τετ, 29 Ιουλίου 2009 - 17:21

Weatherford International Ltd. (WFT) has finalized a deal to acquire the oilfield unit of BP PLC's (BP) Russian joint venture, TNK-BP Ltd. said Wednesday.

Cuba, Russia Sign Deal On Zarubezhneft's Gulf Oil Ops

Τετ, 29 Ιουλίου 2009 - 17:20

Russia and Cuba signed a preliminary agreement on Russian oil company Zarubezhneft's operations in Cuba's exclusive economic zone in the Gulf of Mexico, RIA-Novosti news agency reports Wednesday.

GDF Suez Mulls Russian Pwr Projs As Boosts Gazprom Ties

Τετ, 29 Ιουλίου 2009 - 17:18

French utility GDF Suez SA (GSZ.FR) is considering developing power projects in Russia as it strengthens ties with OAO Gazprom (GAZP.RS), a company spokesman said Tuesday.

Iran, Malaysia's Petronas In Caspian Development Talks

Τετ, 29 Ιουλίου 2009 - 17:16

A senior Iranian oil official said Iran will start exploration activities in block 6 of the Caspian Sea in one month and is in talks with Malaysia's Petroliam Nasional Berhad, or Petronas, to contract seismic operations in the Caspian, the oil ministry's official Shana news Web site reports Monday.

Zhaikmunai: To Raise $300M To Fund Operations, Mostly GDRs

Τετ, 29 Ιουλίου 2009 - 17:14

Kazakhstan-based oil and gas producer Zhaikmunai (ZKM.LN) announced Wednesday a $300 million placing of new shares to fund its operations.

Energy-saving program for older homes

Τετ, 29 Ιουλίου 2009 - 16:06

About 20,000 to 30,000 older buildings could be set for an energy upgrade via the new measures announced yesterday by Development Minister Costis Hatzidakis (left). The ‘Saving at Home’ program concerns buildings whose permits were issued before July 1979 and will fund total work of 1 billion euros using some 400 million euros in state subsidies, and benefiting some 100,000 households, or 400,000 people, in Greece.

Montenegro gives PPC a deadline

Τετ, 29 Ιουλίου 2009 - 16:04

Montenegro has given Greece’s Public Power Corporation (PPC) a July 29 deadline to drop all the conditions attached to its 127-million-euro bid for the power monopoly Elektroprivreda Crne Gore (EPCG), or lose the tender despite making the most attractive bid, a senior source said yesterday.

Iran Plans To Build 400 More CNG Stations

Τρι, 28 Ιουλίου 2009 - 18:00

Iran's oil minister said the country plans to build an additional 400 compressed natural gas, or CNG, stations by next March in an effort to reduce gasoline consumption, the Iran Daily newspaper reports Monday.