English Edition

DJ State Oil Co: Azerbaijan Halts Oil Exports Via Georgian Ports

Δευ, 11 Αυγούστου 2008 - 12:20

BAKU (AFP)--Azerbaijan has halted oil exports via the Georgian ports of Batumi and Kulevi due to clashes between Russia and Georgia, the head of the state oil company said Saturday.

Commodities Report:Oil Mkt Remains Vulnerable

Παρ, 8 Αυγούστου 2008 - 11:54

Though demand for fuels is eroding fast, especially in the U.S., the global oil market remains tight, susceptible to sudden external shocks able to arrest the recent downdraft in prices.

US Rice Says Iran Has 'Way Out' But Repeats Sanctions Threat

Παρ, 8 Αυγούστου 2008 - 11:52

U.S. Secretary of State Condoleezza Rice threatened Iran with more sanctions Thursday after it failed to give an adequate response to the latest bid by Western powers to induce it to freeze uranium enrichment.

Fire Continues On Baku-Ceyhan Pipeline - Botas Spokesman

Παρ, 8 Αυγούστου 2008 - 11:50

A fire on the Turkish section of the Baku-Tblisi-Ceyhan crude pipeline had yet to be extinguished Friday, more than two days after an apparent blast shut down the oil route, a spokesman for Botas International Ltd. said.

OMV Acquires Two Exploration Licenses In Pakistan

Παρ, 8 Αυγούστου 2008 - 11:48

Austrian oil and gas company OMV AG said Friday, it is strengthening its E&P portfolio with the acquisition of interests in license Kalat (OMV's share: 30%) and the license Barkhan (OMV's share: 15%), both situated in the province of Beluchistan, southwest Pakistan. The areas are underexplored but considered as highly prospective drilling areas.

Portugal's Galp Wants Closer Ties With Spain's Repsol

Παρ, 8 Αυγούστου 2008 - 11:45

Portuguese oil and gas company Galp Energia SGPS (GALP.LB) plans to approach Spanish-Argentine oil company Repsol YPF SA (REP) in search of closer ties between the two companies, possibly a merger, daily Diario Economico reports, Friday citing sources close to the situation.

Eni Completes Buy Of 20% Stake In Hindustan Oil Exploration

Παρ, 8 Αυγούστου 2008 - 11:43

Italian energy giant Eni (ENI.MI) said Friday it has completed its acquisition of a 20% stake of Hindustan Oil Exploration Co. Ltd. (500186.BY), or Hoec.

GDF Suez: Closes Financing of Ras Laffan C Project

Παρ, 8 Αυγούστου 2008 - 11:42

GDF Suez (GSZ.FR) said Friday that GDF SUEZ Energy International, in a consortium with Mitsui (8031.TO), Shikoku Electric Power Company (9507.TO), and Chubu Electric Power Company (9502.TO), and its partners Qatar Electricity and Water Company (QWES.DO), and Qatar Petroleum completed the limited-recourse financing of the Ras Laffan C power and water desalination project.

Iberdrola To Buy 50% Of Tarragona CCGT From RWE

Παρ, 8 Αυγούστου 2008 - 11:41

Iberdrola SA (IBE.MC) is planning to buy the 50% stake it doesn't already own of a 400-megawatt combined-cycle gas turbine facility in Tarragona from Germany's RWE AG (RWE.XE), reports Expansion in its Friday Internet edition.

Turk-Iranian gas contract likely soon

Πεμ, 7 Αυγούστου 2008 - 12:08

Turkey and Iran will probably sign a natural gas deal during Iranian President Mahmoud Ahmadinejad’s expected visit to the Turkish capital, Ankara, an Iranian official in Turkey said yesterday. Turkish officials have yet to confirm the deal.

Kazakhstan To Introduce New Subsurface Law

Πεμ, 7 Αυγούστου 2008 - 12:00

Kazakhstan 's Energy and Mineral Resources Ministry will introduce a new bill on subsurface use that won't allow joint exploration and production contracts to be signed in the future, Kazakhstan Today news agency quoted the minister as saying Wednesday.

Baku-Supsa Pipeline Restarts Oil Flow After Repair Work

Πεμ, 7 Αυγούστου 2008 - 11:58

Oil has again started flowing through the Georgian section of the Baku-Supsa pipeline, after 19 months of repair work, a spokeswoman of BP PLC (BP) in Azerbaijan said.

BTC Pipeline To Remain Shut For About 15 Days

Πεμ, 7 Αυγούστου 2008 - 11:57

The Baku-Tbilisi-Ceyhan, or BTC, oil pipeline will remain shut for about 15 days after an explosion sparked a fire in a section in eastern Turkey, an official told Anatolia news agency Thursday.