English Edition

Albania Warming to Nuclear Power

Παρ, 30 Μαΐου 2008 - 06:27

Albania wants to develop nuclear power generation and is ready to invite Italians to build a nuclear plant on its soil, Albania's Prime Minister Sali Berisha told Italian newspaper Corriere della Sera.

Going Back to the Coal Age

Παρ, 30 Μαΐου 2008 - 06:23

Skyrocketing prices for petroleum and natural gas have led some countries (Italy, Germany, Czech Republic, Britain) to turn their attention to coal once more. About 50 coal-fired power plants across the continent are to become reactivated for at least 50 years. Promises of “clean” energy convince no one.

TNK-BP Facing $950 Mln Back Tax Claim

Παρ, 30 Μαΐου 2008 - 03:36

Russia's OAO TNK-BP (TNBP.RS), half owned by BP PLC (BP.LN), is facing a back tax claim worth 22.5 billion rubles ($951 million), the Vedomosti business daily reported Friday, citing sources at the Interior Ministry, which has opened a criminal case.

Italy Govt Confirms Will Reappoint Eni, Enel CEOs, Chairmen

Παρ, 30 Μαΐου 2008 - 03:33

Italy's new government, led by Prime Minister Silvio Berlusconi, late Thursday said the current chief executive and chairmen of the country's top energy giants Eni SpA (E) and Enel SpA (ENEL.MI) are in its list proposal for the new boards to be reappointed.

Kazakhmys Completes Acquisition Of Ekibastuz Power Plant

Παρ, 30 Μαΐου 2008 - 03:32

Kazakh copper miner Kazakhmys PLC (KAZ.LN) Friday said that it has completed the acquisition of the Ekibastuz coal-fired power plant and the Maikuben West coal mine.

Hungarian Govt To Hike Gas Prices 9.4% For Households

Παρ, 30 Μαΐου 2008 - 03:30

The Hungarian Economics and National Development Minister Gordon Bajnai decided to raise natural gas prices by 9.4% from July 1 for residential users, business daily Napi Gazdasag reported Friday without naming its sources.

TNK-BP: $950 Mln Tax Claim Doesn't Relate To Company Itself

Παρ, 30 Μαΐου 2008 - 03:27

A back tax claim worth almost $1 billion reported Friday in Russian media doesn't relate to OAO TNK-BP (TNBP.RS) itself a spokeswoman for the Anglo-Russian oil venture, half-owned by BP PLC (BP.LN) said Friday.

German Coalition Agrees On New Concept On Solar Pwr Subsidies

Παρ, 30 Μαΐου 2008 - 03:25

The German coalition has agreed on a "well-balanced" concept regarding the new version of the Renewable Energy law, environment expert and member of the conservative party, Christian Democratic Union, Maria Flachsbarth said Friday.

Spanish Fishermen Join European Protests Over Fuel Prices

Παρ, 30 Μαΐου 2008 - 03:23

Spanish fishermen will give out 20 metric tons of fish for free at a demonstration kicking off an indefinite strike as part of European protests over soaring fuel prices.

World Bank Chief Calls For Reduced Biofuel Subsidies

Παρ, 30 Μαΐου 2008 - 03:22

World Bank President Robert Zoellick called on the U.S. and the European Union to ease subsidies on some biofuels as one of a series of urgent steps to tackle a global food crisis.

Turcas To Invest $3 Bln In Petkim Over 5 Yrs

Παρ, 30 Μαΐου 2008 - 03:21

Turkish fuel distributor and energy firm Turcas Petrol AS (TRCAS.IS) Chairman Erdal Aksoy said Friday the company will invest $3 billion over the next five years in Turkish petrochemical firm Petkim Petrokimya Holding AS (PETKM.IS), in which it has bought a majority stake, Ihlas news agency, or IHA, reported.