English Edition

Iran Rejects Nuclear Deadline; Says Has Already Responded

Πεμ, 31 Ιουλίου 2008 - 11:37

Iran on Thursday rejected any deadline to give a final response to a package put forward by world powers seeking a breakthrough in the nuclear crisis, and said it had already responded.

EU Willing To Take Tougher Line Over Iran Sanctions

Πεμ, 31 Ιουλίου 2008 - 11:35

European Union nations are keen to apply existing U.N. sanctions against Iran more robustly, after measures targeting its nuclear activities were blunted by Russia and China, an E.U. diplomat said Wednesday.

Eni 2Q Net Profit +52% On High Oil Price, Output Gain

Πεμ, 31 Ιουλίου 2008 - 11:32

Italian oil company Eni SpA (E) Thursday said its second-quarter net profit was up 52% on the year due to surging crude prices and higher output after its acquisition binge, but a weak U.S. dollar and surge in inflation costs weighed on earnings.

Russian Energy Min Sees Cost Of South Stream Pipeline At $20B

Τετ, 30 Ιουλίου 2008 - 13:59

Russia's Energy Ministry has announced a preliminary cost assessment of the South Stream pipeline project, a major gas export route to Europe, at $20 billion, a ministry spokeswoman said Wednesday.

Enel Inaugurates 1st Unit Of Civitavecchia Coal

Τετ, 30 Ιουλίου 2008 - 13:57

Enel SpA (ENEL.MI) said Wednesday it inaugurated the first unit of a new Italian coal-fired power plant in which its total investments amount to about EUR2 billion and it is scheduled to be fully operational next year, as the utility aims to diversify its fuel mix.

Libya Frees 2 Swiss Nationals;Won't Let Them Leave

Τετ, 30 Ιουλίου 2008 - 13:56

Two Swiss nationals detained in Libya after the arrest in Switzerland of Moammar Gadhafi's son have been released, but they can't leave the country, the Swiss foreign ministry said Wednesday.

Dana Gas, Crescent In JV To Develop Kurdistan Gas City

Τετ, 30 Ιουλίου 2008 - 13:53

Gas Cities LLC, a joint venture between the United Arab Emirates's Crescent Petroleum and its subsidiary Dana Gas, has been officially awarded a 461-million square foot site by the Kurdistan Regional Government, or KRG, to develop the Kurdistan Gas City, a project that is expected to attract over $40 billion in foreign direct investment.

EdF To Bid 765p/Share For British Energy

Τετ, 30 Ιουλίου 2008 - 13:52

French state-controlled electricity group Electricite de France (1024251.FR) will offer to buy a 35.2% stake in British Energy PLC (BGY.LN) at a price of 765 pence a share for total consideration of about EUR16.5 billion, a person close to the discussions told Dow Jones Newswires on Tuesday.

BP, Gazprom International Talks Continue - BP CEO

Τετ, 30 Ιουλίου 2008 - 13:50

BP PLC (BP.LN) and OAO Gazprom (GAZP.RS) are still in talks to finalize an international alliance, BP's chief executive said Tuesday.

Iran-Oman Hengam Field To Produce 16,000 B/D This Yr

Τετ, 30 Ιουλίου 2008 - 13:49

Iran and Oman's Hengam field is slated to produce 16,000 barrels of light crude oil a day this year, the Oil Ministry's Shana news agency reported Monday, citing the managing director of the Iranian Offshore Oil Company (IOOC).

Iran Discovers 525M Bbl Oil Field In Bushehr Gas Region

Τετ, 30 Ιουλίου 2008 - 13:46

Iran has discovered a new oil field in the southern port city of Assaluyeh, the oil ministry's Shana news agency reported Monday, citing a senior oil executive.

Caspian Energy: Aral Petroleum To Plug Aransay Well

Τετ, 30 Ιουλίου 2008 - 13:45

Caspian Energy, an oil and gas exploration company operating in Kazakhstan, Tuesday announces that Aral Petroleum Capital, in which the Company holds a 50% indirect interest, has logged the second well in its post-salt drilling programme, Aransay #711.

Energy Projects to Pick up Pace

Τετ, 30 Ιουλίου 2008 - 13:03

Greece and Russia have agreed to set up committees to monitor progress made in joint energy projects on concerns they are falling behind schedule. Greek Development Minister Christos Folias met on Monday with Russian Energy Minister Sergey Shmatko in Moscow, where they agreed to set up a committee to check progress made on the Burgas-Alexandroupolis oil pipeline and the South Stream natural gas project.