English Edition

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.

MOL Acquires Around 20% Stake In Croatia INA Via Bid

Δευ, 6 Οκτωβρίου 2008 - 12:19

Hungarian oil and gas company MOL Nyrt. (MOL.BU) acquired about 20% of Croatian refiner INA d.d. (INA.ZG) via a public bid that ended Friday, Hungarian daily Nepszabadsag reports in its weekend edition, without citing sources.

German Cartel Office Stops Gas Price Probe Vs Six E.ON Units

Δευ, 6 Οκτωβρίου 2008 - 12:17

Germany's Federal Cartel Office Monday said it has stopped probing six units of utility E.ON AG (EOAN.XE) over inflated natural gas prices after the company made financial concessions.

Iraq Sep Oil Exports 1.644M B/D, -8.2% On Mo

Δευ, 6 Οκτωβρίου 2008 - 12:14

Iraq's crude oil exports in September slipped 8.2% to 1.644 million barrels a day from 1.780 million barrels a day in August, a senior Iraqi oil official said Monday.

Iran To Begin Gas Exports To Armenia By Oct 13

Δευ, 6 Οκτωβρίου 2008 - 12:13

Iran will begin gas exports to Armenia by October 13, the Oil Ministry's official Shana news Web site reported Monday, citing the director of engineering affairs for the National Iranian Gas Export Company (NIGEC).

Oil Under $100 Isn't Good For Investors, Producers: Iran Min

Δευ, 6 Οκτωβρίου 2008 - 12:11

Oil priced at less that $100 a barrel isn't acceptable for either producers or investors, Iranian Oil Minister Gholam Hossein Nozari said Saturday at an energy conference here.

KazMunaiGas To Develop N Block With ConocoPhillips, Mubadala

Δευ, 6 Οκτωβρίου 2008 - 12:00

Kazakh state oil and gas company KazMunaiGas, or KMG, said Sunday it has signed a memorandum of understanding with ConocoPhillips (COP) and Mubadala Development Company for joint exploration and production of the N Block, an offshore field in the Caspian Sea.

British Energy:Dungeness Nuclear Power Plant To Return In 4Q

Παρ, 3 Οκτωβρίου 2008 - 16:25

British Energy PLC (BGY.LN) expects to return its 1,090-megawatt Dungeness B nuclear power station to service in the fourth quarter of this year, a spokeswoman for the company said Friday.

Gazprom Clinches Deal

Παρ, 3 Οκτωβρίου 2008 - 16:24

Russia's OAO Gazprom on Thursday clinched a long-delayed deal that will give German utility giant E.ON AG a stake in one of the world's largest natural-gas fields in exchange for Gazprom shares currently valued at about $5.3 billion.

Russia, Ukraine Agree Gas Cooperation Memo

Παρ, 3 Οκτωβρίου 2008 - 16:22

Russia and Ukraine have agreed on an intergovernmental memorandum on cooperation in the natural gas sector, Russian Prime Minister Vladimir Putin said Thursday during a meeting with Ukrainian Prime Minister Yulia Tymoshenko, the Prime-Tass news agency reports.

Anti-Iran Group Criticizes OMV Over Backing Of Gas Conference

Παρ, 3 Οκτωβρίου 2008 - 16:17

The "Stop the Bomb" alliance, which lobbies for enforcement of international sanctions against Iran, renewed criticism Thursday of Austrian oil and gas company OMV AG (OMV.VI) for sponsoring a gas export conference in Tehran this weekend.

Gazprom Interested In Buying Repsol Stake

Παρ, 3 Οκτωβρίου 2008 - 16:16

Russian energy company Gazprom OAO (GAZP.RS) is interested in buying a 20% stake in Spanish oil firm Repsol YPF SA (REP) put up for sale by Sacyr-Vallehermoso SA (SYV.MC), reports Expansion in its Friday Internet edition.