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Italy Govt Confirms Will Reappoint Eni, Enel CEOs, Chairmen

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.

Hungarian Govt To Hike Gas Prices 9.4% For Households

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 Doesnt Relate To Company Itself

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

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.

World Bank Chief Calls For Reduced Biofuel Subsidies

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

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.

Distrigas Shares Resume Trading Up 6.8% After Sale To Eni

Distrigas Shares Resume Trading Up 6.8% After Sale To Eni

Παρ, 30 Μαΐου 2008 - 03:19

Shares of Belgian gas supplier Distrigas SA (DIST.BT) rose 6.8% Friday when they resumed trade after a four-day suspension while Franco-Belgian utility Suez SA (SZE.FR) sold its 57.3% stake to Italy's energy giant Eni SpA (E).

Hungary Fin Min Sees Solution To EU Probe Into Lex MOL

Hungary Fin Min Sees Solution To EU Probe Into 'Lex MOL'

Παρ, 30 Μαΐου 2008 - 03:18

Hungarian Finance Minister Janos Veres said Friday that Hungary and the European Union will reach a "satisfying solution" to the E.U.'s probe into a Hungarian company takeover law that the E.U. said breached union regulations.

Gazprom, SUEK Halt Merger Talks

Gazprom, SUEK Halt Merger Talks

Πεμ, 29 Μαΐου 2008 - 04:38

Russian gas giant OAO Gazprom (GAZP.RS) has halted merger talks with the country's biggest coal producer, Siberian Coal Energy Co., or SUEK, the daily Vedomosti newspaper reported Thursday, citing two unnamed sources in Gazprom.

Gazprom: Ukraines Naftogaz Has No Outstanding Debt

Gazprom: Ukraine's Naftogaz Has No Outstanding Debt

Πεμ, 29 Μαΐου 2008 - 04:35

Russian state gas company OAO Gazprom (GAZP.RS) said Thursday that its Ukrainian counterpart HAK Naftogaz Ukrainy has repaid its debt in full and that the companies are currently working to reach a long-term agreement on gas supply.