English Edition

Iran Min: Less Oil Investment To Lower Supply Security

Δευ, 29 Σεπτεμβρίου 2008 - 15:53

Iran's oil minister said Saturday that the falling value of the dollar has contributed to instability in the oil market, and rising production costs could reduce investment in the oil sector and undermine energy supply security, the semi-official Fars News Agency reported Saturday.

Oil Production In Western Iran Reaches 164,000 B/D

Δευ, 29 Σεπτεμβρίου 2008 - 15:52

Oil production in western Iran has reached 164,000 barrels a day since the beginning of the Iranian new year, the Oil Ministry's official Shana news Web site reported Saturday, citing the managing director of the West Oil and Gas Exploitation Co.

Top Iran Official: Iran May Abandon Nuclear Talks

Δευ, 29 Σεπτεμβρίου 2008 - 15:51

The recent U.N. Security Council resolution against Iran may cause Tehran to reconsider negotiations over its nuclear program, Press TV, Iran's government-controlled international news network, reports on its Web site Monday.

TNK-BP, Gazprom Talks On Russia's Kovykta Field Resumed

Δευ, 29 Σεπτεμβρίου 2008 - 15:49

Talks between BP PLC's (BP) Russian joint venture TNK-BP Holdings (TNBP.RS) and OAO Gazprom (GAZP.RS) over the Kovykta gas field have resumed, but are narrowly focused on ownership of the field, not the lapsed memorandum for international cooperation between the companies, a spokesman for BP said Monday.

Transneft 1Q Net Profit Up 27% As Rev Climbs 17%

Δευ, 29 Σεπτεμβρίου 2008 - 15:48

Russian oil pipeline monopoly OAO Transneft (TRNFP.RS) Monday said first-quarter net profit rose 27% on the year as revenue climbed 17%, the Prime-Tass news agency reported.

IEA: Urgent Policy Action Key To Boost Renewables

Δευ, 29 Σεπτεμβρίου 2008 - 15:46

Renewable energy could supply half the world's electricity and halve greenhouse gas emissions by 2050 but governments urgently need to adopt effective policies to accelerate their deployment, the International Energy Agency said.

Iran plan improves gas options

Δευ, 29 Σεπτεμβρίου 2008 - 15:17

Greece will be able to broaden its energy suppliers and boost its geostrategic role in the region if Iran goes ahead with building a natural gas pipeline that will cross Greek territory to the European Union.

Spain OKs Limits To Photovoltaic Solar Subsidies

Παρ, 26 Σεπτεμβρίου 2008 - 19:55

The cabinet of Prime Minister Jose Luis Zapatero Friday approved limits in subsidies for photovoltaic solar developments.

Turkmenistan Opens Up To Multi-party Politics

Παρ, 26 Σεπτεμβρίου 2008 - 19:53

The Central Asian state of Turkmrnistan formally endorsed political pluralism and market economics for the first time Friday by approving a new constitution.

Turkish Pres: Long Term Economic Growth Outlook Strong

Παρ, 26 Σεπτεμβρίου 2008 - 19:51

Turkish President Abdullah Gul in a speech Thursday avoided focusing on the short-term economic challenges faced by his country, stressing instead its positive long-term growth prospects.

Ukrainian PM Tymoshenko Sees Gas Deal With Russia By End Oct

Παρ, 26 Σεπτεμβρίου 2008 - 19:50

Ukrainian Prime Minister Yulia Tymoshenko said Friday she expected Ukraine to sign a deal by the end of next month with Russia on the delivery of gas starting from 2009.

China, Germany Say Unity Key On Iran Nuclear Program

Παρ, 26 Σεπτεμβρίου 2008 - 19:49

The foreign ministers of China and Germany agreed Thursday that world powers must be united in their approach to Iran over its disputed nuclear program, the AFP reported, citing an unnamed diplomatic source.

Gazprom To Increase Investment To RUB1 Tln In 09

Παρ, 26 Σεπτεμβρίου 2008 - 19:47

Russia's natural gas monopoly OAO Gazprom (GAZP.RS) will increase its investment program to about 1 trillion rubles ($39.90 billion) in 2009 from RUB850 billion in 2008, news agency Prime-Tass reported Friday, citing Gazprom Deputy CEO Alexander Ananenkov.