English Edition

Turkmenistan Looks East As It Forecasts Soaring Gas Output

Τρι, 3 Ιουνίου 2008 - 03:15

Turkmenistan is looking to India and China as the next big markets for its gas, as it forecasts production will soar to 250 billion cubic meters annually by 2040, from 72 bcm last year, Turkmenistan 's deputy oil and gas minister Bairamgeldy Nedirov said Friday.

US Sen Schumer: Russia Part Of The Iran Answer

Τρι, 3 Ιουνίου 2008 - 03:14

Last month, Iranian President Mahmoud Ahmadinejad announced that Iran was installing an additional 6,000 centrifuges at Iran's main nuclear enrichment complex. The Bush administration in turn needs to use every diplomatic tool in its arsenal to halt Tehran's development of nuclear weapons.

EU Wants Legally Binding Energy Deal With Russia

Τρι, 3 Ιουνίου 2008 - 03:09

A new energy partnership between the European Union and Russia should be legally binding, E.U. External Relations Commissioner Benita Ferrero-Waldner said in an interview Tuesday.

Spanish Fin Min: CPI Could Rise To 5% If Oil Keeps On Rising

Τρι, 3 Ιουνίου 2008 - 03:05

Spanish Finance Minister Pedro Solbes said Tuesday that Spanish consumer price inflation could accelerate 5% in the coming months if fuel prices continue rising.

Urals Energy's Stock Jumps 5.1% On Reserves Upgrade

Τρι, 3 Ιουνίου 2008 - 03:03

London-listed Urals Energy PCL (UEN.LN), an independent oil company operating in Russia, traded up 5.1% Tuesday morning, as it said it more than doubled its proven and probable reserves last year.

Iran Supreme Leader Rejects Charges Iran Seeks Nuclear Bomb

Τρι, 3 Ιουνίου 2008 - 03:02

Iran's supreme leader Ayatollah Ali Khamenei on Tuesday vehemently rejected charges Tehran was working to make a nuclear weapon, saying possessing the bomb was of no use.

Suez Acquires 5% Of Areva's New Uranium Enrichment Plant

Τρι, 3 Ιουνίου 2008 - 03:01

French utility Suez (SZE.FR) and French nuclear group Areva (CEI.FR) said Tuesday they have signed an agreement giving SUEZ 5% ownership interest in the company that holds the Georges Besse II uranium enrichment plant.

TNK-BP: Operations Continue With Maximum Efficiency

Τρι, 3 Ιουνίου 2008 - 03:00

The current discussions between shareholders at Russo-British oil joint venture TNK-BP (TNBP.RS) haven't had impact on operations, the company said late Monday.

Russia's UES: Germany's RWE, Syntez Pay In Full For TGK-2

Δευ, 2 Ιουνίου 2008 - 03:55

Former monopoly RAO Unified Energy System of Russia (EESR.RS), or UES, on Monday said Germany's RWE AG (RWEOY) and petrochemical company Syntez Group paid in full for the implied government stake in OAO TGK-2 (TGKB.RS), which they jointly bought in March.

Iran To Invest $120B To Become Top Global LNG Producer-

Δευ, 2 Ιουνίου 2008 - 03:53

Iran has no problems securing investments to the tune of $120 billion to become the world's top exporter of liquefied natural gas within the next 12 years, Iran's English-language satellite channel Press TV reported Sunday, citing a senior oil official.

Imperial Energy Announces Discovery At Kiev Eganskoye Field

Δευ, 2 Ιουνίου 2008 - 03:51

London-listed Imperial Energy Corp. PLC (IEC.LN) said Monday it has made its first oil discovery at the company's Kiev Eganskoye field in Western Siberia's Tomsk region.

GdF Makes Natural Gas Deposites Discovery In Egypt

Δευ, 2 Ιουνίου 2008 - 03:48

French utility Gaz de France (1020848.FR) said Monday it recently discovered natural gas deposits in the West El Burullus concession in Egypt for which it holds an exploration and production license.

Areva: Wins Portion Of Hanford Tank Operations In US

Δευ, 2 Ιουνίου 2008 - 03:46

French nuclear group Areva (CEI.FR) said Monday that the Department of Energy, or DOE, has awarded a contract to Washington River Protection Solutions LLC, or WPRS, of which AREVA Federal Services is the dedicated subcontractor, to manage the remediation of DOE's radioactive and hazardous underground waste tanks located at the Hanford, Washington, site.