English Edition

Ukrainian Government Vows To Pay Russian Gas Debt

Δευ, 24 Νοεμβρίου 2008 - 20:21

Ukraine Monday vowed to pay off a debt for gas to Russia following threats by the Russian energy giant OAO Gazprom (GAZP.RS) to halt deliveries, the government said.

Iraq Resumes Kirkuk Crude Pumping To Turkey

Δευ, 24 Νοεμβρίου 2008 - 20:20

Iraq has resumed pumping of Kirkuk crude oil via the northern export pipeline to Turkey after an explosion to a part of the line inside the Turkish territory believed to have been carried out by a Kurdish rebel, an Iraqi oil ministry spokesman said.

Cyprus Accuses Turkey Of Obstructing Oil Search

Δευ, 24 Νοεμβρίου 2008 - 20:19

Cyprus on Monday accused Turkey of interfering in its oil exploration and protested that a Turkish warship had impeded a Norwegian-flagged exploration vessel off the island's coast earlier this month.

Iran Needs To Invest $145B In Oil,Gas Sectors In 10 Yrs

Δευ, 24 Νοεμβρίου 2008 - 20:18

Iran needs to invest at least $145 billion, or about $14 billion annually, in its oil and gas industry over the next 10 years, the oil ministry's official Shana Web site reported Sunday.

Iran Says OPEC Needs Further Output Cut

Δευ, 24 Νοεμβρίου 2008 - 20:17

Iran believes the Organization of Petroleum Exporting Countries cartel should further slash output in the face of falling crude oil prices, a newspaper reported Monday.

TNK-BP, Gazprom Fined RUB1B By Antitrust Service

Δευ, 24 Νοεμβρίου 2008 - 20:16

Russia's Federal Antimonopoly Service has fined oil majors TNK-BP (TNBP.RS) and Gazprom Neft (SIBN.RS) over 1 billion rubles ($36.5 million) each for abusing their dominant positions in the oil products market, a spokesperson for the service told Prime-Tass Monday.

Gazprom Sees Natural Gas Prices At New Heights By '12

Δευ, 24 Νοεμβρίου 2008 - 20:15

While Germany can expect lower natural gas prices in 2009, prices will reach record heights again before 2012, OAO Gazprom's (GAZP.RS) head Alexej Miller says in Monday's Handelsblatt.

Elgeka Signs Deal with Shell

Δευ, 24 Νοεμβρίου 2008 - 14:47

Wholesaler Elgeka signed a three-year agreement with oil company Shell to distribute its lubricant products in Romania in a deal seen as boosting revenues by some 6 million euros next year. Elgeka, which has a market value of 48.87 million euros, said its subsidiary Elgeka Ferfelis Romania signed the deal with Shell Lubricants Supply Company regarding the distribution of Shell branded lubricants.

Environmental Inaction Slammed

Παρ, 21 Νοεμβρίου 2008 - 15:35

The government’s environmental record came under attack again yesterday over its alleged failure to tackle the pollution of the Asopos River and failure by Public Works and Environment Minister Giorgos Souflias to appear at an international climate change conference in Athens.

Nuclear Accord

Παρ, 21 Νοεμβρίου 2008 - 15:32

Romania signed a 4-billion-euro ($5 billion) contract with six companies, including Italy’s Enel SpA and the Czech Republic’s CEZ AS, to build and operate two nuclear power plants. “We’re doubling nuclear generation capacity to keep our independence and increase energy security,” Finance Minister Varujan Vosganian said at a news conference in Bucharest yesterday.

Turkish firms partner up with Royal Dutch Shell

Παρ, 21 Νοεμβρίου 2008 - 15:19

Turkish state firms Botas and TPAO and global energy major Royal Dutch Shell have formed a natural gas exploration and marketing partnership in Iraq, Turkish Energy Minister Hilmi Guler said yesterday. TPAO has also been invited to enter exploration tenders for eight oilfields in Iraq, for which the firm may form a partnership with Shell, Guler said.

Gazprom Threatens To Double Price For Gas To Ukraine

Παρ, 21 Νοεμβρίου 2008 - 13:27

Russia's gas monopoly OAO Gazprom (GAZP.RS) said it will more than double the price of gas for Ukraine to more than $400 per 1,000 cubic meters if the country fails to pay off a $2.4 billion debt for past gas deliveries, the daily Kommersant reports Friday, citing Gazprom documents.

Gazprom Cuts 2008 Production Forecast

Παρ, 21 Νοεμβρίου 2008 - 13:26

Russian gas giant OAO Gazprom (GAZP.RS) has lowered its 2008 production forecast the Interfax news agency said late Thursday, citing a company official.

EU "On Track" For Deal On Climate Change By Year-End

Παρ, 21 Νοεμβρίου 2008 - 13:24

The European Union is "on track" to get an agreement by year-end on a set of measures to turn Europe into a greener economy by 2020, E.U. Commission President Jose Manuel Barroso said Friday.

CEZ Sales Head: EU Should Reassess CO2 Reduction Plan

Παρ, 21 Νοεμβρίου 2008 - 13:23

The European Union should reassess its emissions reduction plan for the sale of carbon emissions credits in 2013, due to the deepening financial crisis and utilities' limited access to capital, the head of sales at Czech power company CEZ AS (BAACEZ.PR) said Friday.

Spain CNMV To Lift Suspensions Of Repsol

Παρ, 21 Νοεμβρίου 2008 - 13:21

Spain's market regulator, the CNMV, said Friday it will lift its suspension on trade in shares of Repsol YPF SA (REP) and Criteria CaixaCorp SA (CRI.MC) at 0945 GMT.