English Edition

Iran "Opens Naval Base" Near Oil Route Through Gulf - BBC

Τετ, 29 Οκτωβρίου 2008 - 02:11

LONDON (Dow Jones)--Iran has opened new naval facilities east of the Strait of Hormuz, the entrance to the Gulf which is key to oil supplies, the BBC reports Tuesday, quoting state media.

Russia, China Reach Accord On Oil Pipeline

Τετ, 29 Οκτωβρίου 2008 - 02:07

A top Russian energy official said China will provide Russian oil firms with "considerable" loans in return for increased oil supplies as Moscow and Beijing agreed on details of a new pipeline linking the two countries.

Russia Opposes EU Monitors In Georgia Rebel Regions

Τετ, 29 Οκτωβρίου 2008 - 02:02

SAINT PETERSBURG (AFP)--Russia opposes the deployment of European Union monitors in two Georgian rebel provinces and will enforce security there itself, Russian Foreign Minister Sergei Lavrov said Tuesday.

Venezuela Chavez Says Russia May Follow OPEC Cuts

Τετ, 29 Οκτωβρίου 2008 - 01:58

CARACAS (Dow Jones)--President Hugo Chavez suggested Tuesday that Russia could soon coordinate oil output cuts in line with the Organization of Petroleum Exporting Countries, or OPEC, in a bid to shore up falling prices.

Gazprom To Grant Independent Producers Access To Pipe Network

Τετ, 29 Οκτωβρίου 2008 - 01:53

MOSCOW (Dow Jones)--Russia's state gas firm OAO Gazprom (GAZP.RS) said Tuesday it intends to fulfill the government's order to grant independent gas producers access to the company's vast pipeline network.

Georgian Pres Dismisses Prime MInister -Govt Official

Τετ, 29 Οκτωβρίου 2008 - 01:50

TBILISI, Georgia (AFP)--Georgian President Mikhail Saakashvili has dismissed Prime Minister Lado Gurgenidze and will replace him with the country's ambassador to Turkey, a senior government official said. Saakashvili will ask Georgia's parliament to approve the nomination of Gega Mgaloblishvili, the former Soviet republic's ambassador to Turkey, to replace Gurgenidze, said the official.

Eni CEO:Kashagan Final Deal With Kazakh Govt To Be Signed Friday

Τετ, 29 Οκτωβρίου 2008 - 01:43

Chief Executive Paolo Scaroni said Tuesday he expects the Eni SpA (E)-led consortium to sign the final agreement with the Kazakh government over the Kashagan oil project on Friday, putting an end to a spat that started almost 18 months ago.

China's Wen Leaves For Russia, Kazakhstan

Τετ, 29 Οκτωβρίου 2008 - 01:40

BEIJING (AFP)--Chinese Prime Minister Wen Jiabao embarked on a five-day tour of Russia and Kazakhstan on Monday which is expected to focus on the global financial crisis and energy security.

Petkim Targets

Δευ, 27 Οκτωβρίου 2008 - 18:47

Turkish petrochemical producer Petkim will not change its 2008 targets despite lower oil prices and weaker demand, the company’s chief executive told Reuters in an interview yesterday. Lower petrochemical demand will be compensated for by a weakening lira, which will help boost exports, said Petkim CEO Kenan Yavuz.

Athens Bourse Tumbles 10 Percent

Δευ, 27 Οκτωβρίου 2008 - 18:32

The Athens Exchange (ATHEX) plummeted nearly 10 percent yesterday, as world markets fell sharply on growing alarm that a global recession will ravage corporate profits and push smaller developing economies to the brink of collapse. Late-session buying helped trim losses after the general index, which closed off 9.71 percent at 1,728.49 points, had shed as much as 15 percent mid-session. The Athens bourse gave up 18 percent for the week.

Greece to Be Allowed Back In

Δευ, 27 Οκτωβρίου 2008 - 17:21

Greece looks set to be reinstated to the emissions-trading system of the Kyoto Protocol as a team of United Nations experts has found during a visit to Athens that the country’s measuring systems are up to scratch, sources said yesterday.

Iran Oil Min To Travel Tue To Turkmenistan For Gas Talks

Δευ, 27 Οκτωβρίου 2008 - 17:14

Iran's oil minister will travel Tuesday to Turkmenistan for talks on gas exports to the Islamic Republic, the semiofficial Fars News Agency reported Monday.

China's Wen Leaves For Russia, Kazakhstan

Δευ, 27 Οκτωβρίου 2008 - 17:12

Chinese Prime Minister Wen Jiabao embarked on a five-day tour of Russia and Kazakhstan on Monday which is expected to focus on the global financial crisis and energy security.