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Turkey Cancels Tender For Afsin-Elbistan Plant Units

Τρι, 9 Σεπτεμβρίου 2008 - 12:16

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

Δευ, 8 Σεπτεμβρίου 2008 - 11:52

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

Δευ, 8 Σεπτεμβρίου 2008 - 11:51

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.

France Sarkozy Awaited As Georgia Crisis Deepens One Month On

Δευ, 8 Σεπτεμβρίου 2008 - 11:49

One month to the day after the start of their conflict, Russia and Georgia were Sunday awaiting a visit by French President Nicolas Sarkozy aimed at shoring up an uneasy truce in the Caucasus.

EU Ministers Call For Probe Into Russia-Georgia Conflict

Δευ, 8 Σεπτεμβρίου 2008 - 11:48

E.U. foreign ministers called Saturday for a prompt international inquiry into the Russia-Georgia conflict and the rapid deployment of an E.U. observer mission to Georgia.

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

Δευ, 8 Σεπτεμβρίου 2008 - 11:46

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

Δευ, 8 Σεπτεμβρίου 2008 - 11:44

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.

Serbia Oil Monopoly NIS Valued At EUR2.2 Mln By Deloitte

Δευ, 8 Σεπτεμβρίου 2008 - 11:42

Serbia's oil monopoly NIS, set to be sold to Russian giant Gazprom (GAZP.RS), is worth EUR2.2 billion, a global consulting firm estimated in a report published Saturday.

OPEC Likely To Keep Current Output Levels

Δευ, 8 Σεπτεμβρίου 2008 - 11:41

Oil ministers of the Organization of Petroleum Exporting Countries, or OPEC, are expected to keep the production ceiling at its current level in their meeting Tuesday due to recession and a decline in demand, Jeddah-based Okaz daily reported Monday citing an economist.

Italy's Eni To Acquire First Calgary Petroleums

Δευ, 8 Σεπτεμβρίου 2008 - 11:39

Italian oil giant Eni SpA (E) said Monday it has reached an agreement to buy all the common shares of First Calgary Petroleums in a deal that values the fully diluted share capital of the Canadian company at about C$923 million.

Nabucco on Τrack

Δευ, 8 Σεπτεμβρίου 2008 - 10:50

The Nabucco gas pipeline, which seeks to link central Asia’s gas fields with Europe, is on track despite the Russia-Georgia conflict, the project’s chief executive said in an interview published yesterday. Speaking to The Financial Times, Reinhard Mitschek said the conflict had “no impact” on planning for the US- and EU-backed pipeline, which is expected to be completed by 2013.

RWE-Bulgaria

Δευ, 8 Σεπτεμβρίου 2008 - 10:49

German power utility RWE is still a favorite to become a strategic investor in Bulgaria’s planned 4-billion-euro nuclear power plant, sources close to the talks said yesterday. Bulgaria has asked RWE and Belgian Electrabel, owned by France’s GDF Suez, to improve their offers for a 49 percent stake in the plant it is building to restore the country’s position as a leading electricity exporter in Southeast Europe.

Kashagan 1st Oil Now Seen In '14

Παρ, 5 Σεπτεμβρίου 2008 - 12:39

Kazakhstan's giant Kashagan field in the Caspian Sea is now seen delivering first oil production in 2014, later than the previously announced date of October, 2013, the head of a Kazakh energy association said Thursday.