English Edition

Cyprus Talks Can Succeed

Τρι, 17 Φεβρουαρίου 2009 - 12:47

U.N. special envoy Alexander Downer said on Monday that peace talks to reunify the divided island have every chance of success because of the determination of the two leaders to forge a solution.

Turkey's Tekfen In EUR7 Bln Russian Project

Τρι, 17 Φεβρουαρίου 2009 - 12:45

Turkish construction company Tekfen Insaat, a unit of construction to agri-industry conglomerate Tekfen Holding (TKFEN.IS), will participate in a EUR7 billion petrochemical plant and refinery project in Russia, according to Ihlas News Agency, or IHA.

Russia Opens Antitrust Case Vs 4 Oil Cos Over Gasoline Prices

Τρι, 17 Φεβρουαρίου 2009 - 12:44

Russia has opened an antitrust case against oil firms OAO Rosneft (ROSN.RS), OAO Lukoil (LKOH.RS), TNK-BP Ltd. and OAO Gazprom Neft (SIBN.RS) after gasoline prices at the pump rose amid a drop in world oil prices.

Russian Fin Min Dislikes Excessive Protectionism

Τρι, 17 Φεβρουαρίου 2009 - 12:41

Finance Minister Alexei Kudrin said Monday he believed Russia shouldn't be excessively protectionist but said sometimes it should use protective measures to support its economy, according to the Prime-Tass news agency.

Total: Signs Heads Of Agreement With Japanese LNG Buyers

Τρι, 17 Φεβρουαρίου 2009 - 12:37

French oil and gas giant Total SA (TOT) Tuesday said it signed a draft agreement with a consortium of liquefied natural gas buyers in Japan, setting out the principal terms for an extension of the so-called 1973 and 1981 LNG sales contracts.

Romania's Transgaz Sees 09 Net Pft Up 17% On Yr

Τρι, 17 Φεβρουαρίου 2009 - 12:36

Romania's state-owned gas pipeline operator Transgaz (TGN.RO) forecasts a 309.5 million lei ($90.6 million) net profit in 2009, 17.38% higher than the anticipated result for 2008 of RON263.7 million, news agency Mediafax reports, citing the company's budget sent to the Bucharest Stock Exchange.

Russian, Bolivian Presidents Meet To Discuss Gas, Trade

Δευ, 16 Φεβρουαρίου 2009 - 13:34

Bolivian President Evo Morales met his Russian counterpart, Dmitry Medvedev, Monday for talks on issues including increasing cooperation in the energy sector, the Kremlin said.

Russia To Launch Major Gas Project On Pacific Island

Δευ, 16 Φεβρουαρίου 2009 - 13:32

Russia on Wednesday is set to begin production of liquefied natural gas on Sakhalin Island, greatly increasing its role as an energy exporter in the Asia-Pacific region.

Total Chief Executive Says World Oil Output Near Peak

Δευ, 16 Φεβρουαρίου 2009 - 13:31

The chief executive of French oil and gas company Total SA (TOT) said the world will never be able to produce more than 89 million barrels of oil a day, the Financial Times newspaper reported on its Web site.

UAE's Dana Gas Makes 2nd Gas Find In Egypt For '09

Δευ, 16 Φεβρουαρίου 2009 - 13:29

The U.A.E.-based Dana Gas said Monday it made its second gas find in Egypt for the year of around 20 billion cubic feet of dry gas.

EDF Energy To Cut Certain UK Elec Prices By Avg 8.8%

Δευ, 16 Φεβρουαρίου 2009 - 13:28

EDF Energy, the U.K. arm of Electricite de France (1024251.FR), Friday said it would cut its standard retail electricity rate by an average of 8.8% for customers in certain parts of the U.K. starting from March 31.

RWE Eyes Help For German LNG Hub Grid Link

Δευ, 16 Φεβρουαρίου 2009 - 13:27

RWE AG (RWE.XE) is seeking political assistance for a planned entry point for liquefied natural gas in northern Germany, Stefan Judisch, chief commercial officer at RWE Supply & Trading, told Dow Jones Newswires in an interview conducted earlier this week.

Italy's Eni Turns A Loss, Expects Tough Times Ahead

Δευ, 16 Φεβρουαρίου 2009 - 13:25

Italian oil and gas company Eni SpA swung to a net loss on energy-price declines in the fourth quarter and predicted a tough time ahead for the international oil industry.