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Iran Invites Foreign Cos To Invest In Oil, Gas Sectors

Δευ, 13 Οκτωβρίου 2008 - 15:52

Iranian Foreign Minister Manouchehr Mottaki invited Saturday foreign states and foreign companies to invest in his country's oil and gas projects, the Iranian news agency Irna reports Saturday.

Russia Fin Min:Emerging Economies Will See Slower Growth

Δευ, 13 Οκτωβρίου 2008 - 15:51

Russia and other emerging markets won't escape the blowback from the global financial crisis and Russia will likely face slower growth than expected, its finance minister said Sunday.

Lithuania Votes To Delay EU-agreed Nuclear Shutdown

Δευ, 13 Οκτωβρίου 2008 - 15:38

Lithuanians overwhelming voted "yes" in a referendum to delay the European Union-agreed shutdown of a controversial nuclear plant which provides the bulk of their power, results showed Monday.

Iran OPEC Head: Everybody Is Thinking About An Output Cut

Δευ, 13 Οκτωβρίου 2008 - 14:45

Organization of Petroleum Exporting Countries could seek an output cut at their upcoming emergency meeting on Nov. 18 in Vienna to balance oil market supply and demand amid the unfolding global financial crisis, Iran's OPEC governor said Sunday.

GdF Suez In Talks With Gazprom Over LNG Purchase

Δευ, 13 Οκτωβρίου 2008 - 14:43

French utility company GdF Suez (GSZ.FR) is in talks with Russian gas giant Gazprom (GAZP.RS) on buying liquified natural gas, or LNG, from the Shtokman gas field, the Interfax news agency reported Friday citing GdF Suez' Deputy Chief Executive Jean-Marie Dauger.

EU Delays Antitrust Review Of Galp Bid For Exxon Mobil Assets

Δευ, 13 Οκτωβρίου 2008 - 14:39

The European Commission Monday delayed its antitrust review of Portuguese oil and gas company Galp Energia SGPS SA's (GALP.LB) bid to buy assets from Exxon Mobil Corp. (XOM).

PPC upgrade

Παρ, 10 Οκτωβρίου 2008 - 15:46

Public Power Corporation, Greece’s largest electricity producer, was upgraded to “overweight” from “underweight” at Morgan Stanley, which said agreed tariff increases and job cuts should boost profit next year. “In 2009, we expect EBITDA to triple and the group to easily finance its capex and reduce debt,” London-based analyst Antonella Bianchessi wrote in a report yesterday.

Russian Pres Urges EU-style Cooperation By CIS

Παρ, 10 Οκτωβρίου 2008 - 13:20

Russian President Dmitry Medvedev made a plea Thursday for closer cooperation among former Soviet states ahead of a regional summit overshadowed by the Georgia-Russia war and global financial turmoil.

Iran Flexes Its Pricing Power In Arab Gas Deal

Παρ, 10 Οκτωβρίου 2008 - 13:17

Oil prices may be softening, but the price of natural gas is climbing sharply in the Persian Gulf, thanks to the booming economies of the Arab petro-states.

Azerbaijan Plans To Build Refinery By 2018 For Kazakh Oil

Παρ, 10 Οκτωβρίου 2008 - 13:15

Azerbaijan plans to build a $4 billion oil refinery by 2018 to process Kazakh crude oil, an official of Azerbaijan's state oil company told an energy conference Thursday.

Chevron Puts 3Q Net Above 2Q On Stronger Refining Results>CVX

Παρ, 10 Οκτωβρίου 2008 - 13:13

Chevron Corp. (CVX) expects to report third-quarter earnings that exceeded the previous quarter's on significantly better results in its downstream refining and marketing operations.

BP Restarts Oil Output At 300,000B/D West Azeri Platform

Παρ, 10 Οκτωβρίου 2008 - 13:11

BP PLC (BP) Thursday night restarted oil production at the 300,000 barrel a day capacity West Azeri oil platform, on Azerbaijan's Azeri-Chirag-Gunashli field, a spokeswoman for the company said Friday. The Central Azeri platform on the same field, with capacity to pump 350,000 barrels of oil a day, remains shut down, she said.

Oil Demand Growth Heads To 15-Yr Low On Fincl Woes

Παρ, 10 Οκτωβρίου 2008 - 13:09

The International Energy Agency on Friday warned that global oil demand this year is on course to register its weakest growth in 15 years and is likely to log similarly anemic growth in 2009 as the world's financial woes eat away economic activity.