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IEA: 08 World Oil Demand To Hit 25-year Low

Πεμ, 11 Δεκεμβρίου 2008 - 18:54

The International Energy Agency said Thursday that world crude oil demand this year is expected to officially enter its own recession of sorts, with oil consumption contracting for the first time in 25 years because of the deterioration in global economic activity.

Lukoil's Fedun:09 Crude Output To Remain At Least At 08 Level

Πεμ, 11 Δεκεμβρίου 2008 - 18:53

Crude oil output at Russia's OAO Lukoil Holdings (LKOH.RS) will remain at least at 2008 levels in 2009, Deputy Chief Executive Leonid Fedun said Thursday.

Enel Chmn: Not In Talks With Acciona To Buy Endesa Shr

Πεμ, 11 Δεκεμβρίου 2008 - 18:52

Chairman Piero Gnudi of Enel SpA (ENEL.MI) said Thursday the Italian utility wasn't in talks with Acciona SA (ANA.MC) to buy the company's 25% stake in Endesa SA (ELE.MC) so as to run the Spanish utility alone.

Enel Chmn: Not Far From Deal With Terna On Pwr Lines Sale

Πεμ, 11 Δεκεμβρίου 2008 - 18:51

Chairman Piero Gnudi of Enel SpA (ENEL.MI) said Wednesday the Italian utility is "not far" from reaching a deal to sell its local high-voltage power lines to Terna SpA (TRN.MI).

EBRD To Lend Kazakhstan $75 Mln For Energy Efficiency

Τετ, 10 Δεκεμβρίου 2008 - 16:11

The European Bank for Reconstruction and Development Wednesday said it will lend $75 million to help Kazakh companies use energy more efficiently.

EIA: 08 Global Oil Use To Fall; 1st Time Since 1983

Τετ, 10 Δεκεμβρίου 2008 - 16:08

Battered by the global economic crisis, world oil demand will fall in 2008 for the first time since 1983, a U.S. government forecast released Tuesday said.

Russia Shtokman Seeks Govt Tax Incentives For Gas Proj

Τετ, 10 Δεκεμβρίου 2008 - 16:06

Shtokman Development is asking the Russian government for tax and customs incentives to help finance a natural gas project it operates in the Barents Sea that could cost the country $2 billion over the next 10 years, the daily Kommersant reported Wednesday, citing Yuri Komarov, the company's chief executive.

Gazprom: Ukraine Gas Pipes Could Suffer Winter Breakdowns

Τετ, 10 Δεκεμβρίου 2008 - 16:01

Russia's OAO Gazprom (GAZP.RS) has warned that the Soviet-built transit pipes that carry most of its gas to Europe could suffer breakdowns this winter because of chronic neglect by Ukraine, The Financial Times reports on its Web site Wednesday.

Iraq Proposes Regional Partnership With Iran, Turkey, Others

Τετ, 10 Δεκεμβρίου 2008 - 16:00

Iraq outlined plans Tuesday for a new partnership with neighbors such as Iran on economic matters and security, in a speech delivered by an Iraqi government spokesman in Washington.

EU Tells Gazprom To Maintain Gas Supplies Through Ukraine

Τετ, 10 Δεκεμβρίου 2008 - 15:58

European Union Energy Commissioner Andris Piebalgs told Russian energy giant OAO Gazprom (GAZP.RS) at a meeting this week to maintain gas supplies through Ukraine to the E.U., a European Commission spokesman said Wednesday.

Russia Energy Min: Oil Output Cut Decision Dec 17

Τετ, 10 Δεκεμβρίου 2008 - 15:56

Russia will outline its decision on cutting oil production on Dec. 17, the Interfax news agency said Wednesday citing the country's Energy Minister Sergey Shmatko.

Russian Govt Would Back Lukoil Bid For Repsol

Τετ, 10 Δεκεμβρίου 2008 - 15:55

The Russian government is ready to offer oil producer OAO Lukoil (LKOH.RS) political support if it decides to bid for Spanish oil firm Repsol YPF SA (REP), the Interfax news agency reported Wednesday citing the country's Energy Minister Sergey Shmatko.