English Edition

Iran Oil Min: Higher Dollar Behind Fall In Crude Price

Iran Oil Min: Higher Dollar Behind Fall In Crude Price

Iran's Oil Minister Gholam Hossein Nozari said Sunday crude oil prices are dropping due to the strengthening of the U.S. dollar, the oil ministry's official Shana Web site reported.

Enel: Gazprom Has Indicated Power Plant It Wants A Stake

Enel: Gazprom Has Indicated Power Plant It Wants A Stake

Chief Executive Fulvio Conti of Enel SpA (ENEL.MI) said Saturday OAO Gazprom (GAZP.RS) has "indicated" the power plant in Italy it wants a minority stake in, as part of the Russian energy company's plans to enter the Mediterranean country.

British Energy Bd To Meet On Potential New EdF Offer-Source

British Energy Bd To Meet On "Potential" New EdF Offer-Source

U.K.-based nuclear operator British Energy PLC's (BGY.LN) board is going to meet soon to study a "potential" sweetened takeover offer from French state-controlled electricity giant Electricite de France (1024251.FR), a source familiar with the matter told Dow Jones Newswires Monday.

Albania seeks to become major wind energy producer

Albania seeks to become major wind energy producer

In the first initiative of its kind, an Albanian wind park will produce energy for export to Italy. Several similar projects are in the works. Albania is building its first wind park and plans to export energy to Italy under a new initiative. Two companies -- Italy's Moncada Costruzioni and Enpower Albania -- are behind the project, which could provide a capacity of 500MW.

Power Deals

Power Deals

Petrol dd, Slovenia’s largest energy company, may look to buy further fuel retail assets following OAO Gazprom’s planned entry into the Balkan oil market, according to Chief Executive Officer Marko Kryzanowski. “Gazprom is a giant that affects every market it enters,” Kryzanowski said in an interview in the Slovenian capital of Ljubljana.

FTSEurofirst 300 Index Reshuffle Drops PPC

FTSEurofirst 300 Index Reshuffle Drops PPC

Food retailer Colruyt, insurer AMB Generali, Spain’s Criteria CaixaCorp and miner ENRC are to be added to the FTSEurofirst 300 index after the latest quarterly review. Index compiler FTSE Group said in a statement yesterday that Neste Oil of Finland, Spanish real estate firm Sacyr Vallehermoso, Austria’s Immoeast and Public Power Corporation of Greece will all be removed from the FTSEurofirst 300 index.

IAEA Concerned Over Irans Missing Uranium

IAEA Concerned Over Iran's Missing Uranium

International Atomic Energy Agency officials responsible for monitoring Iran's nuclear program have discovered that enough enriched uranium, which if processed to weapons grade level could be used to make up to six atom bombs, has disappeared from the main production facility at Isfahan, U.K. newspaper The Telegraph reports Friday.

Putin: Russia Has No Imperial Ambitions

Putin: Russia Has No Imperial Ambitions

Russia has no imperial ambitions, Prime Minister Vladimir Putin was quoted as saying Thursday, amid worries in countries such as Ukraine after last month's conflict in Georgia.

RWE Already Sees A Lot Of Interest In Its Gas Network

RWE Already Sees A Lot Of Interest In Its Gas Network

German utility company RWE AG (RWE.XE) has already seen a lot of interest in its gas network unit, board member Berthold Bonekamp said Thursday at an energy conference in Cologne.

Turkish Energy Minister To Visit Iran In October

Turkish Energy Minister To Visit Iran In October

Turkish Energy Minister Hilmi Guler will visit Iran at the start of October, a senior Energy Ministry official said Thursday, the Ihlas News Agency, or IHA, reported.

Total CEO: Oil Below $100/Bbl Threatens Some Projects

Total CEO: Oil Below $100/Bbl Threatens Some Projects

The price of oil has fallen to a level where some of the most expensive oil projects may no longer be commercially viable, U.K. newspaper the Financial Times reports Total SA (TOT) Chief Executive Christophe de Margerie as saying Friday.

Armenian Power

Armenian Power

Armenia has signed a deal to supply electricity to Turkey, Energy Minister Armen Movsisian said yesterday, in the first tangible sign of a thaw in relations since an historic weekend visit by the Turkish president. Movsisian told reporters that the deal will see electricity from Armenian thermal power plants supplied to eastern Turkey from the beginning of 2009.

China Studying Third West-East Gas Pipeline

China Studying Third West-East Gas Pipeline

China might build a third west-east gas pipeline in a bid to meet strong demand along its economically vibrant eastern seaboard, state media reported Thursday.