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EU Crt: Spain's Law On Purchase Of Energy Cos Broke EU Law

Πεμ, 17 Ιουλίου 2008 - 12:23

A European court ruled Thursday that a Spanish law requiring regulatory approval for the purchase of shares in energy companies goes against European Union law.

ENI Produces First Oil From Woolybutt South

Πεμ, 17 Ιουλίου 2008 - 12:21

ENI SpA (ENI.MI) said Thursday oil production has begun from the Woolybutt South project off the coast of Western Australia, a joint venture with ExxonMobil Corp.(XOM) and Tap Oil Ltd. (TAP.AU). ENI Australia Managing Director Eros Agostinelli said first oil had been produced Wednesday and, together with existing production from Woolybutt North, would boost the field's output.

Siberian Court Extends Detention Of Yukos Associate

Πεμ, 17 Ιουλίου 2008 - 12:19

A Siberian court decided on Thursday to extend to November 2 the pre-trial detention for an associate of Mikhail Khodorkovsky, the jailed former head of oil giant Yukos, Russian news agencies reported.

US To Unveil Plans To Open Diplomatic Outpost In Iran

Πεμ, 17 Ιουλίου 2008 - 12:16

The United States will announce in the next month plans to establish a diplomatic presence in Iran for the first time in 30 years, London's Guardian newspaper said Thursday.

OECD Criticizes Ethanol And Producers Hit Back

Πεμ, 17 Ιουλίου 2008 - 12:15

The battle over biofuels heated up Wednesday as a Paris-based intergovernmental group criticized crop-based fuels for driving up food prices and ethanol supporters counterpunched.

Oil Supplies

Τετ, 16 Ιουλίου 2008 - 14:26

Oil firm Tatneft, one of the two key suppliers of Russian crude to the Czech Republic, said yesterday it had reduced deliveries because it had rerouted volumes to Turkey due to better prices.

Enelco Signs Contract to Build Gas-Fired Station

Τετ, 16 Ιουλίου 2008 - 14:22

Enel SpA’s Enelco division, the Greek unit of Italy’s largest utility, signed a contract to build a gas-fired power station in Greece, the first of three planned by grid operator DESMIE.

Gazprom Ups Investments To Boost Output

Τετ, 16 Ιουλίου 2008 - 13:17

Russian gas monopoly OAO Gazprom (GAZP.RS) Tuesday raised its 2008 capital spending plans to a new record level, as it gears up to bring key new fields online.

Gazprom Neft Denies Fuel Collusion Allegations

Τετ, 16 Ιουλίου 2008 - 13:15

Russian oil major Gazprom Neft (SIBN.RS) denied Tuesday the Federal Antimonopoly Service's allegation it had colluded with other oil companies to set excessively high jet and diesel fuel prices, the Prime-Tass news agency reported.

Iran Natl Oil Co: Total Hasn't Withdrawn From Country

Τετ, 16 Ιουλίου 2008 - 13:14

French energy giant Total SA (TOT) hasn't withdrawn from Iran, the Oil Ministry's Shana news agency reported Tuesday, citing a senior National Iranian Oil Co. executive.

French Foreign Min Wants More Talks On Iran Nuclear Program

Τετ, 16 Ιουλίου 2008 - 13:12

French Foreign Minister Bernard Kouchner called Tuesday for continued dialogue with Iran over its nuclear ambitions but acknowledged the chances of success were slim.

Kuwait In Advanced Talks To Import Gas From Iran

Τετ, 16 Ιουλίου 2008 - 13:09

Kuwait's talks to import natural gas from Iran have reached an advanced stage, Kuwait daily Al Rai reported Wednesday citing people familiar with the matter.

EU Opens In-depth Investigation Into Italian Aid To Pwr Plant

Τετ, 16 Ιουλίου 2008 - 13:07

The European Commission said Wednesday it has opened an in-depth investigation into Italian state aid for a project to build a coal-based power plant on the island of Sardinia.