English Edition

Eni CEO: Capex At $38B For Kashagan Phase 1, Plus Other Works

Δευ, 3 Νοεμβρίου 2008 - 11:39

Eni SpA (E) Chief Executive Paolo Scaroni Friday said the capital expenditure for Phase 1, plus other works, of the massive Kashagan project in Kazakhstan amounts to $38 billion.

Russia, Libya Sign Civil Nuclear Accord, Libya Min Says

Δευ, 3 Νοεμβρίου 2008 - 11:37

Libya and Russia signed a civil nuclear cooperation deal Saturday, Libya's foreign minister said, as Moammar Gadhafi visited Moscow in a trip also expected to focus on oil and gas and arms purchases.

US Funds To Invest $1B In Renewable Energy In Turkey

Δευ, 3 Νοεμβρίου 2008 - 11:34

The Turkish energy minister said Friday two U.S. funds will invest $1 billion in Turkey.

OPEC Chief: Output Cut Will Take A Long Time To Change Prices

Δευ, 3 Νοεμβρίου 2008 - 11:32

The Organization of Petroleum Exporting Countries' decision last month to slash oil output by 1.5 million barrels a day from Nov. 1 will not immediately shore up crude prices, the cartel's chief said Sunday.

NIOC Chief: Russia Eyeing Natural Gas Swaps With Iran

Δευ, 3 Νοεμβρίου 2008 - 11:31

The National Iranian Oil Co.'s managing director said Saturday that Russia is interested in swapping natural gas with Iran, adding that the Islamic republic recently discussed gas swaps with Russian energy giant OAO Gazprom (GAZP.RS), the Oil Ministry's official Shana news Web site reported.

Hellenic Petroleum Completes the Acquisition of Petrol Station Network in Bulgaria

Παρ, 31 Οκτωβρίου 2008 - 20:03

Following the announcement on 19 June 2008, Hellenic Petroleum S.A. announces that, after obtaining all regulatory approvals, it acquired today a 100% stake in Opet Aygaz Bulgaria EAD (“OAB”), which operates a network of 17, newly-built petrol stations, located in/around major Bulgarian cities, where demand growth is strong.

China, Kazakhstan Pledge To Boost Border-Area Trade - Xinhua

Παρ, 31 Οκτωβρίου 2008 - 14:02

China and Kazakhstan on Friday issued a joint communiqué pledging to support economic and trade development in their border areas, and to boost their strategic partnership, the Xinhua news agency reported.

Lundin Petroleum Hits Oil At Langanskaya Well In Russia

Παρ, 31 Οκτωβρίου 2008 - 14:00

Swedish oil company Lundin Petroleum AB (LUPE.SK) said Friday its Laganskaya-1 exploration well in the Lagansky block in Russia's Caspian Sea had hit oil.

Italy PM, Gazprom CEO Discussed Gazprom Ties With Italian Cos

Παρ, 31 Οκτωβρίου 2008 - 13:58

Italian Prime Minister Silvio Berlusconi Thursday met with OAO Gazprom (GAZP.RS) Chief Exectuive Alexey Miller to discuss boosting relationships with Italian energy companies.

Germany E.ON: No Decision Yet On Possible Gas Price Cut Timing

Παρ, 31 Οκτωβρίου 2008 - 13:56

E.ON Ruhrgas AG hasn't decided yet on the timing of a possible reduction of gas prices, Bernhard Reutersberg, chief executive of E.ON Ruhrgas, a unit of E.ON AG (EOA.XE), said Thursday.

Libya Offers To Host Russian Military Base

Παρ, 31 Οκτωβρίου 2008 - 13:55

Libyan leader Moamer Kadhafi, who visits Moscow Friday for the first time since 1985, will offer to host a Russian naval base in his north African country, a Russian newspaper reported.

Group Of Western Oil Cos In Pact With Kazakhstan Govt

Παρ, 31 Οκτωβρίου 2008 - 13:53

A group of western oil companies signed an agreement with the government of Kazakhstan on Friday that resolves a long-running dispute over one of the world's largest oilfields in the Caspian Sea.

Nigeria Cuts Nov,Dec Oil Exports 5% In Line With OPEC

Παρ, 31 Οκτωβρίου 2008 - 13:51

Nigerian National Petroleum Corp. has contacted some of its crude oil buyers to inform them that it will be reducing export volumes by 5% in November and December, traders of West African crude based in London said Friday.