English Edition

BP Economist:Skeptical Emerging Econs Immune To OECD Slowdown

Τετ, 8 Οκτωβρίου 2008 - 14:16

BP Plc's (BP) Chief Economist Christof Ruehl said he was "skeptical" emerging market economies will be immune to the financial slowdown in Organization for Economic Cooperation and Development countries, at a conference in London Wednesday.

CO2 Accord was Verbal

Τρι, 7 Οκτωβρίου 2008 - 14:24

A Polish diplomat yesterday refuted reports that the Greek and Polish environment ministers had co-signed an accord involving other European Union states aimed at stalling the EU’s plans for curbing global warming but confirmed that a verbal agreement had been reached.

Energy Pair-Up is in the Cards

Τρι, 7 Οκτωβρίου 2008 - 14:22

Two of the country’s biggest energy groups, Motor Oil (MO) and Mytilineos, said yesterday they are in talks about cooperating in electricity production. MO said in a stock filing that Endesa Hellas, a subsidiary of the Mytilineos Group and Spain’s Endesa, is mulling its entry into Korinthos Power, an MO subsidiary that has a permit for a combined-cycle production unit of 400 megawatts.

Kazakhmys To Explore Joint Venture With Kazakh Govt On Elec

Τρι, 7 Οκτωβρίου 2008 - 12:21

U.K.-listed miner Kazakhmys PLC (KAZ.LN) Tuesday said it has signed a memorandum of understanding with the Kazakh government's Samruk-Energy JSC to explore a partnership that would give Kazakhmys access to additional coal resources to run its power stations.

Kazmunaigas, Gazprom Neft End MMG Stake Talks

Τρι, 7 Οκτωβρίου 2008 - 12:19

Kazakhstan's state oil and gas company Kazmunaigas, or KMG, and Russia's OAO Gazprom Neft (SIBN.RS) have ended talks over the holdings of Kazakh oil producer AO MangistauMunaigas, or MMG, the Interfax news agency reported Tuesday, citing a person familiar with the situation.

Kazakh KazMunaiGas: Interested In BP's Stake In CPC

Τρι, 7 Οκτωβρίου 2008 - 12:18

Kazakh state oil and gas company KazMunaiGas is interested in buying BP PLC's (BP) 6.6% stake in the Caspian Pipeline Consortium, or CPC, its chief executive said Tuesday.

Iran Sends Nuclear Protest To EU Foreign Policy Chief

Τρι, 7 Οκτωβρίου 2008 - 12:17

Iran's nuclear negotiator Said Jalili sent a protest to European Union foreign policy chief Javier Solana Monday over the West's attitude to his country's atomic programme, a senior Iranian official said.

Two TNK-BP Executives To Leave Co This Month

Τρι, 7 Οκτωβρίου 2008 - 12:15

Two executives at Anglo-Russian oil joint venture TNK-BP Holding (TNBP.RS) are leaving the company, a person close to the matter said Tuesday, as management changes in the country's third-largest oil producer continue.

Russia Wants More Ties With West Post-Georgia Conflict

Τρι, 7 Οκτωβρίου 2008 - 12:03

Russia will seek to mend fences with the West after the conflict in Georgia by brokering more foreign direct investment deals amid fears that the country faces a period of stagflation, a senior adviser to President Dmitry Medvedev said Monday, The Financial Times reports Tuesday.

Rosneft To Sell Nov-Apr Fuel Oil To Totsa

Τρι, 7 Οκτωβρίου 2008 - 12:02

Russian energy major Rosneft (ROSN.RS) awarded a term supply tender to a trading unit of Total S.A. (TOT) for at least 480,000 metric tons of M100 fuel oil, traders said Tuesday.

Greece «Signs Pact» to Delay CO2 Plan

Δευ, 6 Οκτωβρίου 2008 - 15:04

A second Polish diplomat has confirmed the reported participation of Greece in an initiative being taken by a handful of relatively new European Union states aimed at stalling the EU’s plans for curbing global warming, Skai and Kathimerini have learned.

European Stocks Tumble On Growing Recession Concerns

Δευ, 6 Οκτωβρίου 2008 - 12:26

European stocks tumbled Monday amid heightened anxiety about the state of the global economy. "We now believe national recessions in the US and the UK will be deeper and longer than previously forecast," said Larry Hatheway, an economist at UBS in London. "For the first time, we also anticipate recession in the Eurozone."

Czech Govt Halts Sale Of CEZ Shrs Due To Mkt Turmoil

Δευ, 6 Οκτωβρίου 2008 - 12:20

The Czech government has halted its share sale in state-run power company CEZ AS (BAACEZ.PR) because of market turbulence and CEZ's currently lower share price, Finance Minister Miroslav Kalousek was quoted saying in the Hospodarske Noviny newspaper Monday.