English Edition

Georgian Pres Dismisses Prime MInister -Govt Official

Τετ, 29 Οκτωβρίου 2008 - 01:50

TBILISI, Georgia (AFP)--Georgian President Mikhail Saakashvili has dismissed Prime Minister Lado Gurgenidze and will replace him with the country's ambassador to Turkey, a senior government official said. Saakashvili will ask Georgia's parliament to approve the nomination of Gega Mgaloblishvili, the former Soviet republic's ambassador to Turkey, to replace Gurgenidze, said the official.

Eni CEO:Kashagan Final Deal With Kazakh Govt To Be Signed Friday

Τετ, 29 Οκτωβρίου 2008 - 01:43

Chief Executive Paolo Scaroni said Tuesday he expects the Eni SpA (E)-led consortium to sign the final agreement with the Kazakh government over the Kashagan oil project on Friday, putting an end to a spat that started almost 18 months ago.

China's Wen Leaves For Russia, Kazakhstan

Τετ, 29 Οκτωβρίου 2008 - 01:40

BEIJING (AFP)--Chinese Prime Minister Wen Jiabao embarked on a five-day tour of Russia and Kazakhstan on Monday which is expected to focus on the global financial crisis and energy security.

Petkim Targets

Δευ, 27 Οκτωβρίου 2008 - 18:47

Turkish petrochemical producer Petkim will not change its 2008 targets despite lower oil prices and weaker demand, the company’s chief executive told Reuters in an interview yesterday. Lower petrochemical demand will be compensated for by a weakening lira, which will help boost exports, said Petkim CEO Kenan Yavuz.

Athens Bourse Tumbles 10 Percent

Δευ, 27 Οκτωβρίου 2008 - 18:32

The Athens Exchange (ATHEX) plummeted nearly 10 percent yesterday, as world markets fell sharply on growing alarm that a global recession will ravage corporate profits and push smaller developing economies to the brink of collapse. Late-session buying helped trim losses after the general index, which closed off 9.71 percent at 1,728.49 points, had shed as much as 15 percent mid-session. The Athens bourse gave up 18 percent for the week.

Greece to Be Allowed Back In

Δευ, 27 Οκτωβρίου 2008 - 17:21

Greece looks set to be reinstated to the emissions-trading system of the Kyoto Protocol as a team of United Nations experts has found during a visit to Athens that the country’s measuring systems are up to scratch, sources said yesterday.

Iran Oil Min To Travel Tue To Turkmenistan For Gas Talks

Δευ, 27 Οκτωβρίου 2008 - 17:14

Iran's oil minister will travel Tuesday to Turkmenistan for talks on gas exports to the Islamic Republic, the semiofficial Fars News Agency reported Monday.

China's Wen Leaves For Russia, Kazakhstan

Δευ, 27 Οκτωβρίου 2008 - 17:12

Chinese Prime Minister Wen Jiabao embarked on a five-day tour of Russia and Kazakhstan on Monday which is expected to focus on the global financial crisis and energy security.

Dollar, Yen Stay Strong Despite Possible Intervention

Δευ, 27 Οκτωβρίου 2008 - 17:11

The dollar and yen continue to gain against rivals on the rise in global market volatility - despite the specter of foreign exchange market intervention.

Iran To Build Hydroelectric Dam In Mali

Δευ, 27 Οκτωβρίου 2008 - 17:09

Iran will build a hydroelectric dam in Mali, the semi-official Mehr News Agency reported Sunday, citing Iran's energy minister.

Iran OPEC Head: Could Cut Output At Future Meetings

Δευ, 27 Οκτωβρίου 2008 - 17:08

Iran's OPEC Governor said more time was needed to see how the Organization of Petroleum Exporting Countries' decision to cut production will impact the oil market, adding that OPEC could move to cut output further at future meetings, the daily Hamshahri newspaper reported Sunday.

Gazprom Wants Independents' Gas Transport Tariff Hiked

Δευ, 27 Οκτωβρίου 2008 - 17:06

Russia's natural gas giant OAO Gazprom (GAZP.RS) has asked the Federal Tariff Service to raise the tariff for gas transportation services for independent gas producers by approximately 20%, the regulator said Friday, Prime-Tass news agency reported.

Gazprom Deputy Chmn Sees Record 08 Pft, No Fincl Woes

Δευ, 27 Οκτωβρίου 2008 - 17:04

Russia's natural gas giant OAO Gazprom (GAZP.RS) will post record profits in 2008 despite the global financial crisis, Deputy Chairman Alexander Medvedev said in an interview published Sunday in an Italian newspaper.