English Edition

Iran Pres: Will Resist Western Bullying On Nuclear Tech

Τετ, 24 Σεπτεμβρίου 2008 - 12:41

Iran will "resist" Western bullies attempting to prevent the country from acquiring civilian nuclear technology, President Mahmoud Ahmadinejad said at the United Nations Tuesday.

EDF Open To UK Nuclear Partnerships Other Than Centrica

Τετ, 24 Σεπτεμβρίου 2008 - 12:39

French state-controlled power giant Electricite de France (1024251.FR), which plans to take over U.K. nuclear operator British Energy PLC (BGY.LN), would consider partnerships with other companies, as well as Centrica PLC (CNA.LN), for building atomic plants in the U.K., EDF Chief Executive Pierre Gadonneix said Wednesday.

Shell, Kazakh State Co To Oversee Kashagan Output-Eni

Τρι, 23 Σεπτεμβρίου 2008 - 12:07

Royal Dutch Shell PLC (RDSB.LN) and Kazakhstan state oil company KazMunaiGas, or KMG, will operate the big Kashagan oilfield project once most of the work for the field's development is complete in four years, Italy's Eni SpA (E) said Monday.

GDF Suez Acquires Libya Exploration, Production License

Τρι, 23 Σεπτεμβρίου 2008 - 12:06

French utility GDF Suez (GSZ.FR) said Monday that it has acquired a 20% interest in an exploration and production license in Libya for oil and gas, another step in its strategy of more than doubling its own reserves.

Ukraine Naftogaz: In Talks With Deutsche Bank On $1.55M Loan

Τρι, 23 Σεπτεμβρίου 2008 - 12:04

Ukraine's national natural gas company Naftogaz is in talks with Deutsche Bank (DB) about a $1.55 billion loan, the company's spokesman Valentyn Zemlyansky told Dow Jones Newswires Monday.

Six Powers To Meet On Iran Thursday

Τρι, 23 Σεπτεμβρίου 2008 - 12:02

Foreign ministers from the six powers leading the international community's response to Iran's nuclear program are to meet Thursday in New York to consider possible further sanctions, France said.

Serbia, Russia Hope To Wrap Up Energy Deal Soon

Τρι, 23 Σεπτεμβρίου 2008 - 12:00

Serbian leaders agreed with a Russian delegation that a major energy deal could be concluded within the next few months, both sides said after talks Monday.

EdF Board Approves Sweetened British Energy Offer

Τρι, 23 Σεπτεμβρίου 2008 - 11:59

The board of France's Electricite de France (1024251.FR) has approved the terms of a sweetened offer for U.K. nuclear generator British Energy Group PLC (BGY.LN), The Daily Telegraph reported Tuesday.

Rosneft Forced To Increase Security For Loan

Τρι, 23 Σεπτεμβρίου 2008 - 11:57

Russian state-controlled oil major OAO Rosneft (ROSN.RS) has been forced to increase security for a loan this month, possibly by as much as $2.8 billion, the Vedomosti daily said Tuesday citing banking sources.

Lukoil Buys 1.4 Million Shares In Buyback Program

Τρι, 23 Σεπτεμβρίου 2008 - 11:55

Russia's largest independent oil producer, OAO Lukoil (LKOH.RS), Monday said it had bought company stock worth around $95 million, as it continues a buyback in order to support the stock.

Hellenic Petroleum to sell E&P concessions in Libya

Δευ, 22 Σεπτεμβρίου 2008 - 18:53

Hellenic Petroleum confirmed today in Athens an agreement to sell its 20% participating interest in a Libyan oil and gas exploration license.

Greece Faces a Difficult Task in Minimizing Effects of Global Crisis

Δευ, 22 Σεπτεμβρίου 2008 - 15:08

The Greek economy has navigated the troubled waters of the international financial crisis much better than its peers in the eurozone and elsewhere but it will feel the impact more than estimated a few months ago, as growth momentum is receding.

Turkey to Relaunch Tender for $5 bln Coal-Fired Power Plant

Δευ, 22 Σεπτεμβρίου 2008 - 15:00

Turkey’s state-run Electricity Production Corporation (EUAS) will relaunch a coal-fired power plant tender worth $5 billion under amended terms next month, the company’s chief executive Sefer Butun told Reuters yesterday. The Electricity Production Corporation canceled the previous tender after it considered too high the price the bidders wanted for electricity produced in the Afsin Elbistan C and D units.