English Edition

Russia Minister: Rise Of Domestic Gas Prices Delayed

Τρι, 27 Μαΐου 2008 - 03:27

Russia intends to delay until 2014-15 plans to raise domestic gas prices to export levels -- three years later than the original deadline of 2011, the Interfax news agency said Tuesday, citing the country's Deputy Economy Minister Andrei Klepach.

France's Sarkozy To Ask EU To Curb Taxes On Fuel

Τρι, 27 Μαΐου 2008 - 03:26

President Nicolas Sarkozy said Tuesday that he'll ask France's European Union partners to curb value-added tax on fuel to counterbalance further hikes in oil prices.

TNK-BP's CEO May Leave Due To Ownership Clash

Τρι, 27 Μαΐου 2008 - 03:24

Robert Dudley, chief executive of BP PLC's (BP) Russian joint venture TNK-BP (TNBP.RS), may soon be replaced by Viktor Vekselberg, one of three Russian shareholders, the Kommersant daily says Tuesday, citing a source close to TNK-BP.

Polish Tsy Min Mulls Raising Capital Of Gas Company PGNiG

Τρι, 27 Μαΐου 2008 - 03:23

The Polish Treasury Ministry is considering boosting the share capital of natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo, PGNiG, (PGN.WA) to enable it to transfer up to 15% of company shares to its employees, while keeping no less than a 75% stake.

BP, Exxon Submit Iraq Deal Plans; Signing Seen Next

Τρι, 27 Μαΐου 2008 - 03:22

After several months of negotiations and pressure from the Iraqi government, BP PLC (BP) and Exxon Mobil Corp. (XOM) have finally submitted proposals to the Iraqi oil ministry on technical services contracts to boost production at Iraq's prized oil fields, sources close to the Iraqi ministry said Tuesday.

E.ON Ruhrgas To Up Wholesale Gas Prices By 2-Digit-Percentage

Τρι, 27 Μαΐου 2008 - 03:20

E.ON Ruhrgas AG, Germany's largest importer of natural gas, Tuesday reiterated that it will further raise its wholesale gas prices in light of rising crude oil prices.

Ecotec Exhibition and International Study Event

Δευ, 26 Μαΐου 2008 - 22:39

The First International Ecotec Environment Technologies Exhibition opens today at the Expo Athens exhibition center at Anthousa, along with the First International Ecoforum. More than 150 Greek and foreign firms will be displaying products, applications and new ideas, including renewable energy sources, waste management, recycling and energy-saving techniques.

Bureaucratic Hurdles Thwart Wind Farm Permit Applicants And Plans

Δευ, 26 Μαΐου 2008 - 22:34

Although Greece is one of the windiest countries in Europe, wind farms have been slow in coming. The country gets just 3 percent of its power from wind, compared to 30 percent in Denmark.

Iraq Replaces South Oil Chief Leaby In Basra

Δευ, 26 Μαΐου 2008 - 03:24

Jabbar Al Leaby, the veteran chief of Iraq's largest state-run oil company, has been replaced, raising concerns over the stewardship of 1.9 million barrels a day of crude oil pumped from the south, an official said.

TNK-BP CEO: Output May Suffer Without BP Specialists

Δευ, 26 Μαΐου 2008 - 03:22

Crude oil production at BP PLC's (BP) Russian joint venture TNK-BP (TNBP.RS) may suffer in the fourth quarter of this year and first quarter 2009, after 148 temporary specialists were forced to stay at home, the Vedomosti daily said Monday citing TNK-BP's Chief Executive Robert Dudley.

Iran's Petrochem Comml To Up Europe Exports By 20%

Δευ, 26 Μαΐου 2008 - 03:20

Iran's Petrochemical Commercial Co., or IPCC, will increase its petrochemical exports to Europe by 20% in 2008, an Iranian official said Sunday.

EU Biofuel War Looms With US Over Subsidies

Δευ, 26 Μαΐου 2008 - 03:18

Peter Mandelson, the European Union trade commissioner, has fired the first salvo in a potential transatlantic trade war by agreeing to challenge the U.S. over its biofuel subsidies, that are having a disastrous effect on U.K., German and other biodiesel producers, The Guardian reports Monday.

Hungary May Lower Certain Taxes To Offset Oil Price

Δευ, 26 Μαΐου 2008 - 03:15

Hungary may lower certain taxes on freight companies, except for excise and value added tax, in order to offset part of the oil price rise, business daily Napi Gazdasag said Monday without naming its source.