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Metka Awarded Syrian Deal; Shares Jump

Metka Awarded Syrian Deal; Shares Jump

Greece’s biggest builder of electricity plants Metka and Italy’s Ansaldo Energia have been chosen to build a 650-million-euro, 700-megawatt gas-fired power station in Syria. The news helped send Metka’s stock 8.42 percent higher yesterday to 13.14 euros versus a 4.17 percent rise on the Athens bourse’s benchmark general index.

Kazakhstans New Extraction Tax Wont Apply To TCO, PSAs

Kazakhstan's New Extraction Tax Won't Apply To TCO, PSAs

Kazakhstan's largest oil producer Chevron Corp.-led (CVX) TengizChevrOil and existing oil production ventures under production sharing agreements will be exempt from new natural resource extraction tax, the Kazakh Economy Minister was quoted by Kazakhstan Today news agency as saying Monday.

Ukraines Place Is In EU, No Option But To Join

Ukraine's Place Is In EU, No Option But To Join

Ukraine has no option but to join the European Union eventually, and the bloc should say so to help the country's leaders continue long-term reforms, Kiev's ambassador to Moscow said Monday.

Iran Nuclear Reactor Launch Irreversible By Feb

Iran Nuclear Reactor Launch Irreversible By Feb

The start-up of the first reactor at Iran's Bushehr nuclear plant will be "irreversible" by February next year, a senior Russian nuclear official was quoted by ITAR-Tass news agency as saying Monday.

Some In OPEC See Need For Quota Adherence

Some In OPEC See Need For Quota Adherence

Members of an OPEC advisory group generally agreed Monday night that OPEC needs to stick to its formal production quotas, Iran's OPEC governor Mohammad Ali Khatibi said Tuesday.

Russias Gazprom Guilty Of Pipe Access Violations

Russia's Gazprom Guilty Of Pipe Access Violations

Russia's Federal Antimonopoly Service has found natural gas giant OAO Gazprom (GAZP.RS) guilty of discriminating against gas trader Trans Nafta by hindering access to its gas pipelines, the antitrust agency said Monday, reported Prime-Tass

Russia Aims To Corner Energy Delivery Market

Russia Aims To Corner Energy Delivery Market

Russia is trying to "corner" the energy market, a senior U.S. administration official said Monday as Vice President Dick Cheney held talks with Italian leaders following a tour of ex-Soviet republics.

Turkey Cancels Tender For Afsin-Elbistan Plant Units

Turkey Cancels Tender For Afsin-Elbistan Plant Units

Turkish state-run electricity producer Elektrik Uretim AS, or EUAS canceled a tender in which two companies had bid for the rights of the construction and operation of the C and D units at the Afsin-Elbistan coal-fired power plant, according to Turkish daily newspaper Sabah, the Ihlas news agency, or IHA, reports Tuesday.

KazMunaiGas Exploration Mulls Third Listing

KazMunaiGas Exploration Mulls Third Listing

KazMunaiGas Exploration & Production (RDGZ.KZ), the London- and Kazakh-listed oil company, is considering listing on a third stock exchange, reports The Independent on Sunday newspaper, citing Chief Financial Officer Zhanneta Bekezhanova. The group, which is partly state owned and Kazakhstan's second-biggest oil producer, has received offers from at least four other exchanges. KazMunaiGas listed in London and Kazakhstan two years ago, raising $2.3 billion.

GDF Suez To Buy Dutch Gas Assets

GDF Suez To Buy Dutch Gas Assets

French utility GDF Suez SA said Friday that it is in exclusive talks to buy a package of gas assets in the Netherlands for 1.08 billion euros ($1.55 billion) -- a step toward achieving its medium-term objective of having 1.5 billion barrels of oil equivalent of proven and probable reserves.

Iran Crude Oil Export Price $103.20/Bbl As Of Wed

Iran Crude Oil Export Price $103.20/Bbl As Of Wed

Iran's export price for a barrel of crude oil was $103.20 on Wednesday, Sept. 3, the oil ministry's official Shana Web site reported Saturday, citing the National Iranian Oil Co.'s office of international affairs.

Iran Oil Min: We Will Assess Mkt, Then Decide On OPEC Supply

Iran Oil Min: We Will Assess Mkt, Then Decide On OPEC Supply

The Organization of the Petroleum Exporting Countries will assess the oil market this week before determining whether to change its production levels, Iranian oil minister Gholam Hossein Nozari said Monday, upon arriving for the group's Tuesday meeting.