English Edition

Iberdrola To Invest EUR25 Bln Through 2010 >IBE.MC

Τετ, 2 Ιουλίου 2008 - 02:13

Spanish utility Iberdrola SA (IBE.MC) plans to invest EUR25 billion through 2010, seeking to gain scale and increase its presence abroad.

Iraq North Oil Exports Down 145,000 B/D In June

Τετ, 2 Ιουλίου 2008 - 02:11

Iraq's crude oil exports from northern oil fields fell 145,000 barrels a day in June compared with the previous month, a shipping agent said Wednesday

Sibir Energy Moscow Refinery Update

Τετ, 2 Ιουλίου 2008 - 02:08

Sibir Energy Wednesday said that upon the transfer of the respective entire shareholdings of GPN and MOGC to Moscow NPZ Holdings, the latter will control 90.02% of the voting shares of the Moscow Oil Refinery.

Russia 1H Oil Output 9.82M B/D, Dn 0.3% Vs 1H 2007

Τετ, 2 Ιουλίου 2008 - 02:06

Russia produced an average of 9.816 million barrels a day of crude oil and condensate in the first half of the year, the news agency Interfax reported Wednesday, citing Ministry of Industry and Energy statistics.

Water Ship Sets Sail for Cyprus

Τρι, 1 Ιουλίου 2008 - 06:10

The drought-parched island of Cyprus was awaiting the arrival yesterday of its first shipment of water from Greece to replenish dwindling reserves.

Power Bills Go Up from Τoday, but With Some Exceptions

Τρι, 1 Ιουλίου 2008 - 06:04

Electricity bills will go up by 7 percent for homeowners and 10 percent for businesses as of today.

Eni Oil-Deal Prices Stir Concern

Τρι, 1 Ιουλίου 2008 - 04:17

Italian oil company Eni SpA is increasing its access to oil reserves around the world, but questions are growing about whether the company is paying too much.

Russia's Rosneft Plans Expansion

Τρι, 1 Ιουλίου 2008 - 04:16

OAO Rosneft, Russia's biggest oil producer, plans to expand into Africa and Europe and increase output by 70% in 13 years, Chief Executive Sergei Bogdanchikov said, adding he is confident it will be able to refinance and repay some debt without selling equity.

Victoria Oil Gets Discovery Confirmation From Russian Govt

Τρι, 1 Ιουλίου 2008 - 04:14

Victoria Oil & Gas Plc, an AIM-quoted oil and gas exploration company focused on the Former Soviet Union, Tuesday announced it has has received a certificate from the Russian Ministry of Natural Resources confirming registration of a discovery at the West Medvezhye (West Med) field for Well 103 in Western Siberia, Russia and Kemerkol oil project in the Atyrau Oblast of Kazakhstan.

Ministry Of Petroleum:Iran To Produce 5.3M B/D Within Next 6 Yrs

Τρι, 1 Ιουλίου 2008 - 04:13

Iran plans to expand its oil production capacity by one million barrels per day within the next six years and believes the oil market is currently well supplied, a senior official from the Ministry of Petroleum said Monday.

Iraq Oil Chief Opens Door To Foreign Companies

Τρι, 1 Ιουλίου 2008 - 04:11

Iraq will open eight oil-and-gas fields to foreign petroleum companies in an effort to accelerate production in the next few years, in what would be the most extensive upgrade of producing fields since the fall of Saddam Hussein.

Total CEO: High Oil Price Tied To Future Supply

Τρι, 1 Ιουλίου 2008 - 04:10

High crude prices are tied to concerns over the delivery of future oil and gas, not lack of existing resources, Total SA's (TOT) chief executive said Tuesday.

Sabanci-Verbund Submits Highest Bid In Ankara Grid Tender

Τρι, 1 Ιουλίου 2008 - 04:09

Turkish privatization agency OIB said Tuesday that a joint venture of Turkish conglomerate Sabanci Holding (SAHOL.IS), Austrian energy firm Verbund and Enerjisa, a partnership of Sabanci and Verbund, has submitted the highest bid of $1.225 billion in a tender to privatize Baskent Elektrik Dagitim A.S., the electricity grid in the region of capital city Ankara, the Ihlas News Agency, or IHA, reported.