English Edition

Ukraine Economy To Shrink 9% In 2009 - World Bank

Ukraine Economy To Shrink 9% In 2009 - World Bank

Ukraine's economy will shrink 9% in 2009 amid the global economic crisis, the World Bank said Tuesday, and warned government mishandling of the situation could make things worse.

Germany Prefers Nuclear Power Plant Lifespan Extension

Germany Prefers Nuclear Power Plant Lifespan Extension

The building of new nuclear power plants isn't an option for Germany which, instead, has opted for lifespan extension, German Economy Minister Karl-Theodor zu Guttenberg said in an interview with Handelsblatt Tuesday.

Enel CEO:To Sign Gazprom Deal On Russia Gas Assets By End

Enel CEO:To Sign Gazprom Deal On Russia Gas Assets By End

Chief Executive Fulvio Conti of Enel SpA (ENEL.MI) said Tuesday it will sign a deal with OAO Gazprom (GAZP.RS) by the end of April in which the Russian company will buy a controlling stake in a company that holds natural gas assets of former Yukos.

The Sarajevo Regional Energy Forum

The Sarajevo Regional Energy Forum

Two new financing programs were announced by EBRD President Thomas Mirow at the two-day Regional Energy Forum, held last week, March 30-31 2009, in Sarajevo. The conference was jointly organized by the Energy Community and the European Bank for Reconstruction and Development (EBRD), focusing on electricity generation and green energy investments.

Karamanlis Breaks the Ice With Obama

Karamanlis Breaks the Ice With Obama

US President Barack Obama and Prime Minister Costas Karamanlis exchange a few words on the sidelines of the NATO summit in Strasbourg, France, on Saturday as US Secretary of State Hillary Clinton looks on. During the meeting, Karamanlis invited Obama to Greece and the American president reciprocated. Obama flew to Turkey yesterday.

Iraq To Fine-tune Model Contract For 1st Oil Bidding Round

Iraq To Fine-tune Model Contract For 1st Oil Bidding Round

The Iraqi oil ministry will make slight changes to model contracts for the eight oil and gas fields included in its landmark first bidding round in an effort to accelerate the process of awarding contracts to international oil firms by the end of June, a senior Iraqi oil official said Monday.

Eni, Nippon, Repsol Submit Final Bids For Iraq Oil Contract

Eni, Nippon, Repsol Submit Final Bids For Iraq Oil Contract

Italy's Eni SpA (E), Japan's Nippon Oil Corp. (5001.TO) and Spain's Repsol YPF SA (REP) presented their offers for Iraq's Nassiriyah oil field in southern Iraq, one of the world's vast oil field, a senior Iraqi oil official said Monday.

Eni Makes New Hydrocarbon Offshore Discovery In Indonesia

Eni Makes New Hydrocarbon Offshore Discovery In Indonesia

Eni SpA (E), Italy's biggest energy company by market value, said Monday it had made a new hydrocarbon discovery in offshore Indonesia, and will now proceeds with the appraisal of the discovery.

Gazprom Likely To Cut Spending; Putin Offers Aid

Gazprom Likely To Cut Spending; Putin Offers Aid

Russia's OAO Gazprom said it is increasingly likely it will cut its multibillion-dollar investment program this year amid collapsing demand for natural gas. Meanwhile, Russian Prime Minister Vladimir Putin offered Gazprom state aid to get the company through the global recession.

Turkey Wants Extra Russian Gas From 2015

Turkey Wants Extra Russian Gas From 2015

Turkey has asked for additional natural gas supplies from Russia from 2015, Russian news agency RIA Novosti reports, citing comments made Friday by Alexei Miller, Chief Executive of OAO Gazprom (GAZP.RS).

F2i May Submit Offer For Enel Gas Network By April 24

F2i May Submit Offer For Enel Gas Network By April 24

A pool of private investors led by Italian infrastructure fund F2i is in exclusive talks with Enel SpA (ENEL.MI) to acquire its gas network, financial daily Il Sole 24 Ore reported Saturday without citing sources.

Moldova Gas Pipeline To Be Fixed By Monday

Moldova Gas Pipeline To Be Fixed By Monday

A Moldovan pipeline damaged by a huge blast that sharply cut natural gas deliveries to the Balkans earlier this week will be fixed by Monday, the company that oversees the pipeline told AFP Friday.

Repsol,StatoilHydro Study Bid For Iraqs West Qurna

Repsol,StatoilHydro Study Bid For Iraq's West Qurna

Repsol YPF (REP), StatoilHydro ASA (STO), and Maersk Oil and Gas A/S are teaming up for a possible bid on Iraq's West Qurna services contract, people familiar with the matter said this week.