English Edition

Spain Fin Min Raises Reciprocity Issues In Repsol-Lukoil Deal

Τρι, 25 Νοεμβρίου 2008 - 20:11

Spanish Finance Minister Pedro Solbes Tuesday said reciprocity should be taken into account when discussing a possible stake buy in Repsol YPF SA (REP) by Russia's OAO Lukoil (LKOH.RS).

Greenhouse Gases Rise To Record Levels In 2007

Τρι, 25 Νοεμβρίου 2008 - 20:10

Levels of climate-warming greenhouses gases rose to record highs in 2007, leading to a 1% increase in the overall warming effect, the World Meteorological Organization said Tuesday.

E.ON Ups German Retail Power Prices By 7.4%-9.2% From Feb 1

Τρι, 25 Νοεμβρίου 2008 - 20:08

E.ON AG (EOAN.XE) Tuesday said its seven German regional energy suppliers will raise retail power prices by between 7.4% and 9.2% from Feb. 1.

Turkmenistan To Host Turkish, Azeri Leaders For Gas Talks

Δευ, 24 Νοεμβρίου 2008 - 20:23

Reclusive Turkmenistan will host the leaders of Turkey and Azerbaijan in a summit this month at which natural gas exports from the energy-rich Central Asian nation may be discussed, officials said Saturday.

Gazprom CEO: Western European Gas Deliveries Safe

Δευ, 24 Νοεμβρίου 2008 - 20:22

Gazprom OAO's (GAZP.RS) gas deliveries to western Europe are safe despite the company's renewed conflict with the Ukraine, Chief Executive Alexej Miller tells Handelsblatt in a report to be published Monday.

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.