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EIB May Lend CEZ EUR200M For Romanian Wind Proj-Mediafax

Δευ, 18 Μαΐου 2009 - 19:54

The European Investment Bank, or EIB, may grant Czech power group CEZ AS (BAACEZ.PR) a EUR200 million loan to finance the construction of wind turbines in Constanta county, southeastern Romania, in a project whose total investments is EUR620 million, news agency Mediafax reported Monday.

UniCredit Downgrades Gazprom To Hold

Δευ, 18 Μαΐου 2009 - 19:49

UniCredit downgrades Gazprom (GAZP.RS) to hold from buy following the recent rally in Russian equities and on continued negative news flow on pricing and production volumes

Turkmenistan Pres Fires Top Energy Officials – Report

Δευ, 18 Μαΐου 2009 - 19:43

Energy-rich Turkmenistan has fired two high-ranking officials connected with the secretive Central Asian state's main oil and gas companies, state media reported Monday. "Turkmen President Gurbanguly Berdymukhamedov fired Toyidurdi Durdiev, deputy head of state concern Turkmenneft, and Durdiy Tadzhiev, deputy head of state concern Turkmengaz, for serious deficiencies and errors in their work," the state-run daily Neutral Turkmenistan said.

Iran's Khamenei Urges Voters To Shun Pro-West Candidates

Δευ, 18 Μαΐου 2009 - 19:37

Supreme leader Ayatollah Ali Khamenei urged the Iranian people Monday not to vote for a candidate in the June presidential election who could adopt a pro-West stance.

Saipem Wins 1 Billion Dollars Offshore Contract In Kazakhstan

Δευ, 18 Μαΐου 2009 - 17:32

Saipem SpA (SPM.MI) said Monday it had won an offshore contract in Kazakhstan worth about $1 billion. Saipem, Europe's biggest oil services company by market capitalization, said in a statement that the contract is in partnership with Aker Solutions and includes the hook-up and commissioning of the shore facilities, as well as inshore completion and prefabrication in the Kuryk yard in Kazakhstan.

MOL's Pearl Buy Implies Nabucco Commitment -KBC

Δευ, 18 Μαΐου 2009 - 17:19

MOL's (MOL.BU) purchase of a 10% stake in Pearl Petroleum implies that MOL has become more supportive of the Nabucco pipeline project versus the South Stream pipeline plan, after Surgutneftegaz's (SNGS.RS) sudden and unwelcome acquisition of a 21.2% stake in MOL, KBC Securities says.

Bahrain To Invite Bids From 19 Cos For Offshore Gas - Report

Δευ, 18 Μαΐου 2009 - 17:13

BEIRUT (Zawya Dow Jones)--At least 19 companies have shown interest to explore for natural gas in Bahrain's offshore fields, Manama-based Al Waqt daily reports Monday citing Abdulhussein Mirza, the country's Oil and Gas Affairs Minister.

Russian Gas Pipeline To Be Built Before EU Rival - Minister

Δευ, 18 Μαΐου 2009 - 14:26

The Russian-backed South Stream gas pipeline has "every chance" of being completed before the E.U.'s rival Nabucco project, Russian Energy Minister Sergei Shmatko said Monday.

The Nuclear Option for SE Europe: A Critical Appraisal - A One Day Workshop Convened by IENE Sofia, May 19th 2009

Δευ, 18 Μαΐου 2009 - 14:21

The Workshop convened by the Institute of Energy for South-East Europe in the Bulgarian capital city Sofia, is expected to draw great interest from many companies and organizations in the region. Participants from Greece, Bulgaria and other countries are going to share their insights and expertise on the current developments in the nuclear energy sector of South-East Europe. Furthermore, they will discuss the potential for further expansion of nuclear power in the region.

Bulgaria, Russia Sign for South Stream Gas Transit Pipeline

Σαβ, 16 Μαΐου 2009 - 19:52

The Bulgarian Energy Holding (BEH) and the Russian energy giant Gazprom signed Friday the contract for Bulgaria's participation in the South Stream gas transit pipeline. The CEO of BEH, Galina Tosheva, and the Chair of the Board of Gazprom, Alexey Miller, signed the agreement in the Russian Black Sea resort Sochi.

Areva: Work Proceeding Normally At Finnish Nuclear Site

Παρ, 15 Μαΐου 2009 - 19:35

French nuclear group Areva SA (CEI.FR) late Wednesday reiterated that work is proceeding normally at a site in Finland to build a new reactor, following press reports of problems there.

Gazprom, Eni Plan To Double South Stream Capacity

Παρ, 15 Μαΐου 2009 - 19:34

Russian gas giant OAO Gazprom (GAZP.RS) and Italy's Eni SpA (E) have agreed to double the capacity of their joint South Stream gas pipeline project, designed to pump Russian and Central Asian gas Europe, the Interfax news agency reported Friday, citing company executives.