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Energias de Portugal Sells Stakes In Two Gas Ops For EUR140M

Τετ, 7 Μαΐου 2008 - 03:45

Portuguese utility EDP-Energias de Portugal SA (EDP.LB) sold its stakes in two power plant operations to the Portuguese unit of U.K.'s International Power PLC (IPR.LN) for EUR140 million, EDP said in a regulatory filing late Tuesday.

Gazprom To Get License For Sakhalin-3 Block In Month

Τετ, 7 Μαΐου 2008 - 03:43

Russian gas monopoly OAO Gazprom (GAZP.RS) will get a license to explore Sakhalin-3 project's Kirinsky gas block within a month, the newspaper RBC-Daily reported Wednesday, citing unnamed ministry sources.

Poland's PKN Orlen Invited To Build Ukraine Refinery

Τετ, 7 Μαΐου 2008 - 03:42

Ukraine has invited Polish oil company PKN Orlen (PKN.WA) to help build a new refinery to process crude from Azerbaijan, daily Rzeczpospolita reports Wednesday, citing company sources.

Alstom CEO: No New Developments Regarding Areva

Τετ, 7 Μαΐου 2008 - 03:41

French power plant and rail engineering group Alstom SA (1022047.FR) is still interested in a tie-up with state-controlled nuclear engineering group Areva SA (CEI.FR).

West Siberian Sees 2008 Crude Output At 18.6 Million Barrels

Τετ, 7 Μαΐου 2008 - 03:39

Stockholm-listed oil producer West Siberian Resources (WSIB-SDB.SK) Wednesday said it expects crude output in 2008 to reach 18.6 million barrels, or 50,959 barrels a day, up from 29,041 barrels a day last year.

Russia's MOF Proposes Lower Fuel Excise Tax

Τετ, 7 Μαΐου 2008 - 03:38

Russia's Finance Ministry Tuesday proposed to lower the excise tax on domestic gasoline standards Euro-4 and Euro-5 in order to stimulate the consumption of higher-quality fuels, the Vedomosti daily said Wednesday, citing a ministry official.

CEZ CEO: Nuclear Power Most Viable Option To Cut CO2

Τετ, 7 Μαΐου 2008 - 03:37

State-controlled Czech power company CEZ AS (BAACEZ.PR) would like to build new nuclear generation capacity but has its hands tied because the government remains against building new nuclear capacity, CEZ's chief executive said Tuesday.

International Pwr Buys Rest Of Portuguese Gas Plant

Τετ, 7 Μαΐου 2008 - 03:35

U.K. power producer International Power (IPWG) Wednesday said it was selling EUR500 million worth of convertible bonds in order to fund "a number" of acquisitions, including the remaining 40% stake in Portuguese gas-fired power plant company Turbogas.

Tatneft: 2007 Proved Reserves Up 228M Barrels To 6.1B Barrels

Τετ, 7 Μαΐου 2008 - 03:34

OAO Tatneft (TATN.RS), Russia's sixth-largest oil producer by volume, said Wednesday its proved reserves of crude oil increased by 228 million barrels in 2007 to 6,139.7 million barrels.

Romania Petrom 1Q Net Pft More Than Doubles

Τετ, 7 Μαΐου 2008 - 03:33

Romania's largest vertically integrated oil company, Petrom SA (SNP.RO), said Wednesday its first-quarter net profit more than doubled to 977 million lei ($415 million) from RON381 million a year earlier, on higher oil prices and positive restructuring results, news agency Mediafax reported.

Russia's Putin Urges New Pres Medvedev To Pursue His Policies

Τετ, 7 Μαΐου 2008 - 03:31

Russia's Vladimir Putin impressed upon his successor Dmitry Medvedev the importance of continuing his policies as president in a speech at a Kremlin inauguration ceremony Wednesday.

CEZ Exec Sees 50% Cut To Coal-plant Refurbish Capex

Τετ, 7 Μαΐου 2008 - 03:29

Czech power company CEZ AS (BAACEZ.PR) is going to halve its planned capital expenditure on refurbishing its fleet of coal-fired power plants, and redirect that capital mostly into the construction of natural gas-fired power plants, a senior CEZ executive said Wednesday.

Greece’s Power Sufficiency Now in Hands of its Neighbors

Τρι, 6 Μαΐου 2008 - 07:26

The country’s energy authorities are seeking to import quantities of electricity to ensure sufficiency during the crucial summer months.