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Iran Favors Oil Price Of $75 To $80

Δευ, 13 Απριλίου 2009 - 15:23

Iran, OPEC's second largest crude producer, said Sunday that it favors a global oil price of between $75 and $80 a barrel, the state television web site quoted the oil minister as saying.

Iran To Import Iraq's Oil; Export Kerosene, Gasoil

Δευ, 13 Απριλίου 2009 - 15:21

Iran and Iraq have agreed for Iran to import 200,000 barrels of crude oil per day from Iraq and in exchange export 1.5 million tons of kerosene and 500,000 tons of gasoil to Iraq, the Moj News Agency reports Sunday, citing Iran's National Oil Refining and Distribution Co. chief.

Hellenic Petrol to shut refinery for maintenance

Δευ, 13 Απριλίου 2009 - 14:15

Hellenic Petroleum SA plans to shut the largest of its three oil refineries in Greece later this year for maintenance, cutting supplies ahead of peak winter demand for heating fuels. Maintenance at the Aspropyrgos refinery will begin in early September, Evangelos Stranis, a company spokesman, said in a telephone interview on April 7.

Serbia signs deal to upgrade natural gas storage facility

Δευ, 13 Απριλίου 2009 - 14:06

Srbijagas, Serbia’s natural gas distributor, signed a contract with Austria’s Heat group to upgrade the Balkan country’s largest storage facility as it seeks to ensure supplies after disruptions in January. The underground storage in the northern town of Banatski Dvor will have a daily output capacity of as much as 5 million cubic meters of gas after modernization, Chief Executive Officer Dusan Bajatovic said.

GDF Suez:May Have Equivalent 3-4 EPR Reactors By '20

Παρ, 10 Απριλίου 2009 - 16:07

French utility GDF Suez SA's (GSZ.FR) capacity to generate nuclear power may increase by 2020 to the equivalent of between three and four EPR reactors, a company executive said Thursday.

Polish PGNiG To Sign LNG Contract Within Weeks

Παρ, 10 Απριλίου 2009 - 16:05

Polish gas monopoly Polskie Gornictwo Naftowe i Gazownictwo will sign a long-term contract to buy liquified natural gas within weeks, company deputy president Radoslaw Dudzinski told Gazeta Prawna daily newspaper.

Refiners Face More Pain From Weak Demand

Παρ, 10 Απριλίου 2009 - 16:03

The International Energy Agency Friday warned weak demand and high stock levels would depress global refinery runs for the next six months.

Iraq PM To Hold Talks Fri With Russia's PM

Παρ, 10 Απριλίου 2009 - 16:01

Iraqi Prime Minister Nouri al-Maliki was to hold summit talks with Russian leaders Friday as Moscow seeks to restore its economic and political influence in Baghdad six years after the U.S. invasion.

Repsol, OMV, NOC Hit Oil Off Libya's Coast

Παρ, 10 Απριλίου 2009 - 15:59

A consortium led by Spanish oil firm Repsol SA (REP) found oil in the NC202 block of the Sirte basin off Libya's coast, Libya's National Oil Corp., or NOC, said on its Web site.

Russia Seeks To Calm Turkmen Gas Row

Παρ, 10 Απριλίου 2009 - 15:57

Russia said Friday it hopes that a row with Turkmenistan over a pipeline blast that halted Turkmen gas supplies to Russia will be settled, after a rare outburst of emotion from Ashgabat.

IEA Axes Demand Forecast Again On Global Recession

Παρ, 10 Απριλίου 2009 - 15:10

The International Energy Agency on Friday cut its 2009 world oil demand forecast by a hefty 1 million barrels a day from earlier projections and said the global economic recession could yet force further reductions to consumption.

Nordex AG To Install 15 Turbines At Wind Farm In Italy

Πεμ, 9 Απριλίου 2009 - 18:03

German wind power turbine maker Nordex AG (NDX1.XE) said Thursday it is installing another wind farm in Italy.

UK Offshore Oil Exploration -78% In 1Q '09 Vs 1Q '08

Πεμ, 9 Απριλίου 2009 - 18:01

The number of offshore oil and gas exploration wells drilled in U.K. waters in the first quarter of 2009 was down 78% from the same period a year earlier as companies cut back in difficult economic circumstances, said a report from consultancy Deloitte Thursday.