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Europe Court To Examine Yukos Complaints Against Russia

Πεμ, 19 Φεβρουαρίου 2009 - 16:39

Former managers with Russia's bankrupt oil giant OAO Yukos have won their bid to take Moscow before Europe's human rights court in a case they say could mean a record claim for damages.

Transgaz Profit

Πεμ, 19 Φεβρουαρίου 2009 - 14:09

Romanian gas pipeline operator Transgaz yesterday posted a 6.5 percent rise in 2008 net profit, missing market forecasts, as gas demand slowed more than expected. The state monopoly posted a net profit of 238.6 million lei ($70 million), compared with an average forecast of 259 million lei in a Reuters poll.

Greeks and Azeris Make Energy Plans

Πεμ, 19 Φεβρουαρίου 2009 - 14:05

Turkey’s insistence on controlling trade in Azeri natural gas which crosses Turkish territory is posing serious obstacles to European plans for the transit of the commodity through Greece to Italy. The issue was reaffirmed yesterday during a visit by the president of Azerbaijan, Ilham Aliyev, to Athens, with a delegation of officials from the Azeri state gas company Socar. “Azerbaijan is making an effort to strengthen Europe’s energy security,” said Aliyev, stressing the Caspian Sea country’s willingness to expand cooperation with Greece.

CPC Expansion to Strengthen Burgas – Alexandroupolis Pipeline Project

Τετ, 18 Φεβρουαρίου 2009 - 19:08

When the “Caspian Pipeline Consortium” (CPC) pipeline became operational for the first time in 2001, nobody anticipated the many obstacles – both political and economic – that its expansion would eventually face. While the first discussions about the drafting of a Memorandum of Understanding between the existing CPC stakeholders started on March 1st 2005, the final document was signed 3.5 years later, in December 2008.

Kazakhstan Needs More Oil Export Capacity

Τετ, 18 Φεβρουαρίου 2009 - 15:28

The oil-rich Central Asian nation of Kazakhstan urgently needs more export capacity if it hopes to meet its ambitious plans for increasing oil production in the coming years, a senior Chevron Corp. (CVX) executive said Tuesday.

Greece, Azerbaijan To Cooperate More On Energy Security

Τετ, 18 Φεβρουαρίου 2009 - 15:23

Greek Prime Minister Costas Caramanlis and Azerbaijani President Ilham Aliyev agreed Tuesday to work more closely on getting Azeri gas into Europe to help ease its energy security problems.

Russians, Georgians Resume Security Talks In Geneva

Τετ, 18 Φεβρουαρίου 2009 - 15:22

Russia and Georgia resumed talks in Geneva Tuesday on security arrangements in the wake of their conflict last year, the U.N. said, two months after they failed to wrap up an agreement.

Russia Warns It Will Hit Back If Ukraine Expels Envoy

Τετ, 18 Φεβρουαρίου 2009 - 15:20

Russia will hit back with a tit-for-tat reaction if Ukraine expels its ambassador, Russian news agencies reported Wednesday, after the envoy was summoned over what Kiev called "unfriendly comments".

Iraq Sells Its Uranium To Canada's Cameco Corp

Τετ, 18 Φεβρουαρίου 2009 - 15:19

Iraq has sold its 550 tons of uranium concentrate or "yellow cake", built up by former dictator Saddam Hussein, to Cameco Corp. (CCJ) of Canada for $90 million, the government said on Tuesday.

Arabian Oil To Purchase Rights To North Sea Oil Fields

Τετ, 18 Φεβρουαρίου 2009 - 15:16

Arabian Oil Co. will acquire an interest in a Norwegian oil field slated to resume production this year, The Nikkei reported in its Wednesday morning edition.

Gazprom Neft To Invest $220M In Bunkering Indus

Τετ, 18 Φεβρουαρίου 2009 - 15:15

Russian oil major Gazprom Neft (SIBN.RS) plans to invest about $220 million in the bunkering industry, the corporate magazine of natural gas giant OAO Gazprom (GAZP.RS) reported Tuesday, according to the Prime-Tass news agency.

ExxonMobil Unworried By Libya Nationalization Threat

Τετ, 18 Φεβρουαρίου 2009 - 15:14

ExxonMobil Corp. (XOM) isn't worried about recent threats to nationalize the Libyan oil industry and could even start drilling there this year, a company executive said Monday.

Vladimir Putin to Meet Hilary Clinton in the Bulgarian Town of Plovdiv

Τρι, 17 Φεβρουαρίου 2009 - 16:56

The Bulgarian town of Plovdiv will be event number one in the news in the days between 22 and 24 April, when the town will host the World energy forum, announced the mayor of Plovdiv Slavcho Atanassov. 28 countries will be represented by their presidents or prime ministers.