English Edition

RWE To Buy Back Up To 600,000 Shrs From Oct 1 To Oct 31

Παρ, 26 Σεπτεμβρίου 2008 - 19:46

Germany utility RWE AG said Friday it intends to acquire in the time period from Oct. 1, 2008 through no later than Oct. 31, 2008 up to a maximum of 600,000 shares of RWE AG.

Gas Stations Running Dry as Strike Goes on

Πεμ, 25 Σεπτεμβρίου 2008 - 14:13

Eight in 10 gas stations in Attica had run out of unleaded fuel last night and the remainder are expected to do so today as customs officials continue their strike for a fourth day over fears that they will lose bonus payments.

Gas Hike

Πεμ, 25 Σεπτεμβρίου 2008 - 14:11

Bulgaria’s energy regulator proposed raising natural gas prices by 29 percent for the fourth quarter to enable the country’s main supplier to fund imports from Russia. The proposal follows a request for a 36 percent increase from Bulgargaz AD, which imports gas from Russia’s OAO Gazprom.

EBRD Plans to Invest 150 mln Euros in Turkey

Πεμ, 25 Σεπτεμβρίου 2008 - 14:04

The European Bank for Reconstruction and Development plans to invest 150 million euros ($220 million) in Turkey in 2009 and 300 million euros in 2010, the bank said in a document published yesterday. The EBRD’s board of directors said on Tuesday it recommended Turkey become the development bank’s 30th country of operation, or recipient of funds, although the decision requires the final approval of the bank’s board of governors.

Turkey Gives Green Light for Sale of 2 Power Grids

Πεμ, 25 Σεπτεμβρίου 2008 - 14:01

Turkey’s High Board of Privatization approved the sale of two power grids to foreign-Turkish partnerships, paving the way for the grids to be handed over to new owners, the official government gazette said yesterday. Sabanci Holding and Austria’s Verbund made the top bid of $1.225 billion for the power grid in the Ankara region last July.

Russian Ally Kazakhstan Cuts Georgia Business Deals

Πεμ, 25 Σεπτεμβρίου 2008 - 12:01

Russia's ally Kazakhstan has pulled out of business deals worth billions of dollars in Georgia, a state company official said Thursday, the month after a conflict between Russia and Georgia.

Azerbaijan Reducing Trans-Caucasian Pipeline Reliance

Πεμ, 25 Σεπτεμβρίου 2008 - 11:58

Azerbaijan has responded to the Georgian crisis by reducing its reliance on trans-Caucasus oil pipelines, increasing shipments to Russia and starting to sell crude to Iran, the Financial Times reports Thursday.

Iran Seeks Foreign Invest For $8B Gas Pipe

Πεμ, 25 Σεπτεμβρίου 2008 - 11:56

Iran may allow international companies to build and run an $8 billion gas export pipeline in an effort to boost sales to Europe, a top government official said.

US, Russia Agree To Continue Six-Way Nuclear Talks On Iran

Πεμ, 25 Σεπτεμβρίου 2008 - 11:55

The U.S. and Russia agreed Wednesday to hold further ministerial-level meetings in the future to stop Iran's sensitive nuclear work, a senior U.S. official said.

Ukraine PM Will OK Odessa-Brody Pipe Flow Reverse

Πεμ, 25 Σεπτεμβρίου 2008 - 11:53

Ukrainian Prime Minister Yulia Tymoshenko said Wednesday she would sign a ruling to reverse the flow of the Odessa-Brody pipeline only after the signing of accords for supplies of oil to be transported through the pipeline, the Prime-Tass news agency reports.

Portugal EDP Freezes Solar Projects In Spain

Πεμ, 25 Σεπτεμβρίου 2008 - 11:52

Portuguese energy company Energias de Portugal SA (EDP.LB), or EDP, has frozen EUR200 million in solar energy projects in Spain due to changes in solar subsidies there, the Diario Economico newspaper says Wednesday.

Italy's Saipem Signs 3 Contracts Worth $830 Mln

Πεμ, 25 Σεπτεμβρίου 2008 - 11:50

Italy's Saipem SpA (SPM.MI) said Thursday it signed three new contracts for underwater drilling for a total value of $830 million.

Iran NIOC Exec: Crude Below $100/Bbl May Affect Sector Invest

Πεμ, 25 Σεπτεμβρίου 2008 - 11:49

Oil prices below $100 a barrel would make international investment in the upstream oil sector less attractive and lead to a decline in oil revenue that could reduce Iran's investment in its oil industry, a top Iranian oil official said Wednesday.

BP Eyes CPC-Stake Sale,Or Giving It In Trust To Lukoil

Τετ, 24 Σεπτεμβρίου 2008 - 12:50

BP PLC (BP) is going to pull out of the Caspian Pipeline Consortium either by selling its stake or by giving it in trust to Russia's major OAO Lukoil (LKOH.RS) over the dispute on the expansion of the pipeline, a person familiar with the matter told Dow Jones Newswires Tuesday.

Kazakh Oil, Gas Indus Poised For Growth

Τετ, 24 Σεπτεμβρίου 2008 - 12:49

Fitch Ratings says in a special report published today that the Kazakhstani oil and gas industry is poised for strong growth, albeit with certain operational and financial risks inherent in its development.

Force Majeure On Some BTC Azeri Exports

Τετ, 24 Σεπτεμβρίου 2008 - 12:47

State Oil Company of Azerbaijan has declared force majeure on some shipments of Azeri crude from the Baku-Tbilisi-Ceyhan oil pipeline following partial shutdown of a large oil field in Azerbaijan, a source at the state oil company told Dow Jones Newswires Tuesday.