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Azerbaijan's Aliyev Set For Re-election To Presidency

Τετ, 15 Οκτωβρίου 2008 - 15:23

Ex-Soviet satellite Azerbaijan began voting in a presidential election Wednesday with incumbent Ilham Aliyev all but certain to maintain his grip on power in the strategic oil-rich republic.

Industrial Output Narrows Again

Τετ, 15 Οκτωβρίου 2008 - 15:23

Greece’s industrial output narrowed for the fourth consecutive month, down 1.8 percent year-on-year in August, hurt by weaker manufacturing, the statistics service (NSS) said yesterday. In the year to August, Greece’s industrial output contracted 3.0 percent compared to the same period a year ago, NSS said.

Bahrain To Sign Wed Framework Pact To Import Iran Gas

Τετ, 15 Οκτωβρίου 2008 - 15:17

Bahrain is expected to sign Wednesday a framework agreement to import natural gas from Iran, Manama-based Al Waqt daily reports Wednesday.

GDF Suez Protests Belgian Govt Plan For Nuclear Operator Levy

Τετ, 15 Οκτωβρίου 2008 - 15:11

The GDF Suez SA (GSZ.FR) Group said Tuesday it has informed the Belgian Government that it emphatically protests the preliminary draft for a law which would require the nuclear operators to make a contribution of EUR250 million for the 2008 financial year.

UK Urges EU To Stick To Climate Change Agenda

Τετ, 15 Οκτωβρίου 2008 - 15:05

U.K. Prime Minister Gordon Brown urged European Union leaders Wednesday not to abandon their goals to combat climate change in the face of growing pressures from the global financial crisis.

Oil Market Experts See Prices Bottoming Out

Τετ, 15 Οκτωβρίου 2008 - 15:01

The recent sharp drop in crude oil prices shouldn't continue, according to oil market expects surveyed by Dow Jones Newswires.

Azerbaijan Votes Wed; Walks Tightrope Between Russia, US

Τρι, 14 Οκτωβρίου 2008 - 13:20

The war in Georgia created new dilemmas for its oil-rich neighbor Azerbaijan, which has walked a tightrope between Moscow and Washington while dealing with a simmering ethnic conflict of its own.

Iran Scraps Unsigned Gas Projects To Push Pipeline Plans

Τρι, 14 Οκτωβρίου 2008 - 13:18

Iran is to scrap a number of liquefied natural gas projects in order to expand its capacity to export gas by pipeline, the oil ministry's Shana agency reported Monday.

Iraq Opens Door To Foreign Oil Bids

Τρι, 14 Οκτωβρίου 2008 - 13:16

Iraq opened the doors to foreign investment in its vast oil industry Monday, as it revealed the terms for contracts in its first round of oil bidding since the U.S.-led invasion of 2003.

Kuwait Petroleum Corp Says Has No Iran Gas Deal Signed

Τρι, 14 Οκτωβρίου 2008 - 13:15

Kuwait Petroleum Corp., or KPC, has not finalized a contract with Iran to import about 1 billion cubic feet a day of gas to Kuwait from 2011, state-run Kuna news agency reported Monday, citing Jamal Al Nouri, KPC's managing director of Statistics.

Russian Govt Promises $9 Bln Support To Oil Majors

Τρι, 14 Οκτωβρίου 2008 - 13:14

The Russian government has promised the country's four largest oil and gas firms $9 billion to help refinance short-term foreign debt, the Kommersant daily reported Tuesday, citing people familiar with the matter.

GDF Suez: Nobody Can Say What Impact Of Fincl Crisis Will Be

Τρι, 14 Οκτωβρίου 2008 - 13:06

The chief executive of French utility GDF Suez SA (GSZ.FR) said Tuesday it was too early to gauge the potential impact of the financial crisis.

Eni, Sonangol Make New Oil Discovery Offshore Angola

Τρι, 14 Οκτωβρίου 2008 - 13:05

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it has made a new oil discovery in offshore Angola Block 15/06 with Sonangol, adding it confirms the block's "high mineral potential."