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IMF Says Oil Expansion Plans Failing To Meet Demand

Τρι, 22 Απριλίου 2008 - 03:37

The International Monetary Fund has warned oil ministers that capacity expansion is failing to keep up with demand, the Financial Times reported Tuesday.

Gazprom Neft OKs 2020 Strategy, To Boost Output To 100M Tons

Τρι, 22 Απριλίου 2008 - 03:36

OAO Gazprom Neft (SIBN.RS), Russia's fifth largest oil producer by volume, has approved a strategy plan to 2020, in which it expects to boost crude production to 100 million metric tons a year, the company said Tuesday.

EU Clears Suez, GdF To Jointly Buy UK Teesside Power Plant

Τρι, 22 Απριλίου 2008 - 03:35

The European Commission Tuesday cleared French utilities Suez (SZE.FR) and Gaz de France (1020848.FR) to jointly buy a gas-fired power plant in the U.K.

Oil At New Highs, Nymex Crude Breaches $118/Bbl

Τρι, 22 Απριλίου 2008 - 03:33

Crude oil futures continued their blistering record-setting run in London trade Tuesday, climbing to new heights as supply concerns, a weaker dollar and a bullish technical outlook again propelled prices upwards.

BP's Azeri Oil Field Gunashli Starts On Schedule

Τρι, 22 Απριλίου 2008 - 03:32

BP PLC (BP) Tuesday said oil production has begun on schedule at its Gunashli fields in Azerbaijan's sector of the Caspian Sea.

Lukoil To Invest $6.31B In Refining Until 2017

Τρι, 22 Απριλίου 2008 - 03:31

Lukoil Holdings (LKOH.RS) plans to invest $6.309 billion on its refining business by 2017, a company executive said Tuesday.

Lukoil May Pay RUB42/Share In 2007 Dividend Payout

Τρι, 22 Απριλίου 2008 - 03:30

Russia's second-largest oil producer Lukoil (LKOH.RS) is considering a 10.5% increase in its 2007 dividend payout to 42 rubles per share, the Interfax news agency reported Tuesday, citing an unnamed source close to Lukoil's Board of Directors.

OPEC Secy Genl: $160B Invest To 2012 To Hike Capacity

Τρι, 22 Απριλίου 2008 - 03:29

Organization of Petroleum Exporting Countries members are planning to spend $160 billion over the next four years to boost oil production capacity by 5 million barrels a day, which will enable the group to meet oil export demands despite surging internal consumption, the group's secretary general said in an interview Tuesday.

Russia Urges Serbia to Ratify Energy Deal

Δευ, 21 Απριλίου 2008 - 23:32

Russia has urged Serbia to finalize a key energy deal, including the much criticized sale of its state oil monopoly to Russia at what some Serbian officials say is a below-market price.

Dr. Nikos Vassilakos elected as new President of EREF

Δευ, 21 Απριλίου 2008 - 23:31

On the occasion of EREF’s annual General Assembly held on 15th April in Freising / Germany, Dr. Nikos Vassilakos has been unanimously elected new President of the European Renewable Energy Federation (EREF). He succeeds Peter Danielsson who’s second term as President ended according to the Federation’s statutes after four years of very successful work.

Enel Ready For Nuclear Plants In Italy; Govt Decision

Δευ, 21 Απριλίου 2008 - 23:25

Enel has been gaining experience and technical know-how in the nuclear sector internationally and would be capable of building the plants in Italy, Conti told reporters at a press conference at the International Energy Forum in Rome.

Iraq Oil Output 2.5 Mln B/D; Exports 2.0 Mln B/D - Minister

Δευ, 21 Απριλίου 2008 - 07:58

ROME (Dow Jones)--Iraqi Oil Minister Hussein al-Shahristani said late Sunday that the country is currently producing more and exporting more than what it has in past weeks as oil operations in Iraq recover from recent tensions in the south, providing more barrels for the global oil market.

DJ Saudi Arabia To Pause Adding New Oil Capacity After 09 - Min

Δευ, 21 Απριλίου 2008 - 07:56

ROME (Dow Jones)--In another bullish signal to global oil markets, Saudi Arabia, the world's biggest oil exporter, says it has no plans to beef up its oil production capacity beyond the amount it is already pursuing for several years until it gets clearer signs about future crude consumption.