English Edition

Energy Reserves Dominate EU-Central Asia Talks - Official

Πεμ, 18 Σεπτεμβρίου 2008 - 14:53

PARIS (AFP)--The European Union wants to look at ways of tapping into Central Asia's vast energy reserves, an official said Thursday at the opening of a foreign ministers' meeting in Paris.

Turkey To Extend By 1 Year Mandate For Military Ops Into Iraq

Πεμ, 18 Σεπτεμβρίου 2008 - 14:50

ANKARA (AFP)--The Turkish government will ask parliament to extend by one year its mandate to order military strikes against separatist Kurdish rebels based in northern Iraq, the deputy prime minister said Wednesday.

Iran Refining Capacity To Hit 3.3 Mln B/D By 2012 - Report

Τετ, 17 Σεπτεμβρίου 2008 - 13:19

TEHRAN (Dow Jones)--Iran plans to raise its refining capacity to 3.3 million barrels a day by 2012 to become the largest oil refiner in the Persian Gulf region, the state Irna news agency reports Tuesday.

Russian Watchdog Fines Gazprom, Lukoil Units Over Fuel Prices

Τετ, 17 Σεπτεμβρίου 2008 - 13:14

MOSCOW (Dow Jones)--Russia's antimonopoly watchdog has fined units of OAO Gazprom (GAZP.RS) and OAO Lukoil (LKOH.RS) for abusing their dominant market positions to increase fuel prices in southern Russia, the service said Wednesday.

Citic Resources Cuts 08-10 Kazakh Oil Output Targets By 4%-9%

Τετ, 17 Σεπτεμβρίου 2008 - 13:09

HONG KONG (Dow Jones)--Citic Resources Holdings Ltd. (1205.HK), a Chinese energy and base-metals producer, has cut output targets for its Kazakhstan oil field for 2008-2010 by 4% to 9%, company Chairman Sun Xinguo said Wednesday.

Total To Maintain Existing Iran Projects - Report

Τετ, 17 Σεπτεμβρίου 2008 - 13:02

PARIS (Dow Jones)--French oil major Total SA (TOT) wants to continue existing projects in Iran but can't take the risk right now, amid the threat of further sanctions, of investing "massively" in the country, Chief Executive Christophe de Margerie confirms in an interview published Tuesday in Le Figaro.

Turkmenistan Stability Questioned After Weekend Gunfight

Τρι, 16 Σεπτεμβρίου 2008 - 12:59

ASHGABAT, Turkmenistan (AFP)--Newspapers in Turkmenistan on Monday kept a shroud of silence over a weekend gun battle that analysts say has cast doubt on the stability of one of the world's most isolated and authoritarian states.

Additional Pipeline Projects No Danger To Nabucco - Barroso

Τρι, 16 Σεπτεμβρίου 2008 - 12:56

BUDAPEST (AFP)--Alternative projects pose no threat to the European Union's flagship Nabucco gas pipeline, European Commission President Jose Manuel Barroso said in Budapest Monday.

Iran Interior Min: Crescent Deal Not In Natl Interest -Report

Τρι, 16 Σεπτεμβρίου 2008 - 12:52

Iran's Interior Minister Ali Kordan said Sunday the agreement to export natural gas to Sharjah-based Crescent Petroleum is not in the country's national interest, the Iran Daily newspaper reported Monday.

Russia-Algeria Talks Not Necessarily About Gas Cartel

Τρι, 16 Σεπτεμβρίου 2008 - 12:49

ALGIERS (AFP)--Talks between Algeria and Russia are "not necessarily" aimed at creating an Organization of Petroleum Exporting Countries-style gas cartel, though it is their right to form such a bloc, Russia's ambassador to Algeria was quoted as saying Monday.

Oil Closes Below $100 Level

Τρι, 16 Σεπτεμβρίου 2008 - 12:38

The turmoil on Wall Street sent oil prices sharply below $100 a barrel for the first time since March, even as the ravages of Hurricane Ike shoved gasoline prices back up toward $4 a gallon.

Iran To Buy Turkmen Gas At Floating Price From Next Yr - Shana

Τρι, 16 Σεπτεμβρίου 2008 - 12:33

Iran will begin to use a "floating" price formula for its purchases of natural gas from Turkmenistan starting next year, the oil ministry's official Shana Web site reported Monday, citing the managing director of the National Iranian Gas Co.

Ukraine's Pro-Western Coalition Collapses - Speaker

Τρι, 16 Σεπτεμβρίου 2008 - 12:29

KIEV (AFP)--Ukraine's governing coalition fell apart Tuesday, the parliamentary speaker said, throwing into doubt the country's pro-Western course.

DJ Turkish Watchdog Says No Veto On Refinery Applications -IHA

Τρι, 16 Σεπτεμβρίου 2008 - 12:25

Turkey's energy watchdog EPDK hasn't rejected any application for building a refinery in the country, head of the regulator Hasan Koktas said late Monday, the Ihlas News Agency, or OHA, reported Tuesday.

INA Board Sees MOL Offer Price As Acceptable, Supports Bid

Τρι, 16 Σεπτεμβρίου 2008 - 12:21

The board of directors of Croatian refiner INA d.d. (INA.ZG) said Monday that the public buyout price offered by Hungarian oil and gas company MOL Nyrt. (MOL.BU) for all outstanding INA shares not owned by the government is acceptable considering the current business environment, according to a release published on the Web site of the Zagreb stock exchange.

Iraq Pipeline Attack Halted Kirkuk Flow To Turkey - Spokesman

Τρι, 16 Σεπτεμβρίου 2008 - 12:16

An attack against the northern export pipeline had suspended Iraq's Kirkuk crude oil shipment to the Turkish Ceyhan port since Wednesday, an Iraqi Oil Ministry spokesman said Tuesday.