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Russia, Greece Sign on South Stream

Πεμ, 21 Μαΐου 2009 - 19:15

Russian gas monopoly Gazprom yesterday signed agreements with several partners, including Greece, to construct the South Stream pipeline, seen as a rival to the EU-led Nabucco project, the company said. Gazprom signed agreements with Bulgaria, Serbia and Greece to create joint ventures to carry out feasibility studies on the building of the South Stream gas pipeline to go through their territories.

IEA:World Pwr Demand Could Fall Up To 3.5% In 09 On Econ Woes

Τετ, 20 Μαΐου 2009 - 19:08

Global electricity demand could drop by up to 3.5% this year compared with the previous year due to the financial crisis and economic downturn, the International Energy Agency said in a new report.

Iraq To Impose 35% Corporate Tax On Foreign Oil Cos

Τετ, 20 Μαΐου 2009 - 19:06

Iraq's cabinet has approved a bill that will slap foreign oil firms with a minimum 35% corporate tax in a bid to boost government revenues, government spokesman Ali al-Dabbagh said Wednesday.

Gazprom Exec: May Lower '09 Fin Investments By 30%

Τετ, 20 Μαΐου 2009 - 19:05

Russian gas producer OAO Gazprom (GAZP.RS) may lower its financial investments 30% this year compared to 2008, the Interfax news agency reported Wednesday, citing the company's Deputy Chief Executive Valery Golubev.

Con Edison Plans More Than $7B In Power-Delivery Upgrades

Τετ, 20 Μαΐου 2009 - 19:04

Consolidated Edison Inc. (ED) announced plans to spend more than $7 billion in upgrading its electricity-delivery system the next five years, including $1.5 billion in 2009, as the New York City-based utility replaces some 2,000 miles of cable this year.

EDF CEO: Constellation Deal Should Be Completed By End Of 3Q

Τετ, 20 Μαΐου 2009 - 19:02

Electricite de France SA's (EDF.FR) deal to buy half of U.S. partner Constellation Energy Group Inc.'s (CEG) nuclear assets should be completed before the end of September, Chief Executive Pierre Gadonneix said Wednesday.

Areva Sold Stake In GDF Suez And Total

Τετ, 20 Μαΐου 2009 - 19:00

French state-controlled nuclear company Areva SA (CEI.FR) recently sold its stakes in French utility giant GDF Suez (GSZ.FR) and French oil major Total SA (TOT), a person familiar with the matter said Wednesday.

Eni Wants To Sign $1.5B Iranian Oil Field Deal

Τετ, 20 Μαΐου 2009 - 18:59

Italian energy firm Eni SpA (E) wants to sign a $1.5 billion deal to develop the third phase of Iran's Darkhovin oil field, Iranian government-controlled Press TV reports on its Web site Wednesday, citing a spokesman for Iran's Oil Engineering and Development Co.

Alliance Against «Harbor Smog» – Siemens And Stadtwerke Lübeck To Cooperate On Shoreside Power Supply Projects

Τετ, 20 Μαΐου 2009 - 10:33

Siemens Energy and the Lübeck municipal utilities have agreed a partnership on the implementation on projects for shoreside power supply to ships berthed in port. The two companies have now signed a cooperation agreement to that effect. The agreement regulates cooperation relating to the acquisition, planning and execution of shoreside power supply projects

Europe's Need Fuels Iraq Gas Pact

Τρι, 19 Μαΐου 2009 - 20:13

Two European energy firms said they would invest up to $8 billion in a project in the northern Iraqi region of Kurdistan, in a push to make the country a major exporter of natural gas to Europe. The plan by OMV AG of Austria and Hungary's MOL Nyrt. was intended in part to boost the troubled Nabucco pipeline project to bring natural gas from Central Asia and the Middle East to Europe, which could lessen the continent's reliance on gas imports from Russia.

Iran's Ex-assembly Speaker Vows

Τρι, 19 Μαΐου 2009 - 20:07

Ex-parliament speaker Mehdi Karroubi will if elected president kick-start reforms in Iran but in a "moderate" way that won't trigger the wrath of his hardline opponents, he told AFP in an interview. Karroubi said he regrets that the "golden opportunity" reformist groups enjoyed under ex-president Mohammad Khatami had been lost but stressed he is against repeating the mistake made then of "radicalizing the reform movement."

Iran's Khamenei: US Training Terrorists In Iraq Kurdish Region

Τρι, 19 Μαΐου 2009 - 19:59

TEHRAN (AFP)--Iran's supreme leader, Ayatollah Ali Khamenei, accused the U.S. Tuesday of training "terrorists" in the Kurdish region of neighboring Iraq. "Behind our western border, the U.S. is training terrorists. It is spending money and handing out weapons to be used against the Islamic republic," he said in a televised speech in the western Iranian province of Kordestan.

The Nuclear Remains an Option

Τρι, 19 Μαΐου 2009 - 19:24

The pros and cons of nuclear energy took centrestage during the first ever event of the Athens-based Institute for Energy in South East Europe (IENE) at the Sheraton Hotel in Sofia, Bulgaria, today, May the 19th. The workshop entitled “The Nuclear Option for SE Europe: A Critical Appraisal” gathered stakeholder s from Bulgaria, Greece and Romania to delineate where nuclear energy stands in the region.

World's Top City Chiefs Meet To Fight Climate Change

Τρι, 19 Μαΐου 2009 - 13:59

Leaders of the world's largest cities, which together produce more than two thirds of its climate-changing greenhouse gas emissions, opened a summit here Tuesday hoping to reverse the trend. Executives from the 40 largest cities plus 17 affiliate municipalities are attending the C40 Large Cities Climate Summit in Seoul, the third such event since 2005.

Syrian Oil Min Says Signed Three Refinery Agreements - Report

Τρι, 19 Μαΐου 2009 - 13:54

Syria has signed three agreements to build new domestic refineries, the country's oil minister said, Kuwait's official Kuna news agency reported late Monday. The first agreement, covering construction of a refinery with capacity to process 140,000 barrels a day of heavy crude oil at Abu Khashab, has been signed between Syria and Kuwait's Noor Financial Investment Co., Kuna cited Oil Minister Sufian Allaw as saying in Kuwait.

Russia Sees Gloom Despite Rise In Oil

Τρι, 19 Μαΐου 2009 - 13:47

Gloomy news about Russia's economy -- figures on Monday showed April industrial production plunged 17% year-on-year -- has been mixed with some rare positives in recent weeks. Oil prices are surging, the ruble is up and Russian stocks have taken off.