English Edition

IES-Holding Considers Forming Consortium To Buy OGK-1

Τετ, 9 Απριλίου 2008 - 04:22

Russia's IES-Holding, or KES, is considering forming a consortium to buy a stake in OGK-1 (OGKA.RS), the news agency Interfax reported Wednesday, citing KES Chief Executive Mikhail Slobodin.

DJ Novatek Dec 31 2007 Reserves Up At 4.68M Bbl Oil Equivalent

Τετ, 9 Απριλίου 2008 - 04:19

Russia's largest independent gas producer, OAO Novatek (NVTK.RS), said Wednesday that as of Dec. 31, 2007, its total proven reserves increased to 4.68 million of barrels of oil equivalent from 4.66 million of barrels of oil equivalent at the end of 2006.

SPE CEO: SPE Is Best Partner For Suez's Distrigas

Τετ, 9 Απριλίου 2008 - 04:17

Belgium's second-biggest electricity producer SPE would make the perfect partner for Belgian gas distributor Distrigas SA (DIST.BT), SPE Chief Executive Luc Sterckx said in an interview published in Belgian daily de Tijd Wednesday.

French Nuclear Watchdog Criticizes EDF, Bouygues

Τετ, 9 Απριλίου 2008 - 04:16

The French nuclear safety authority has criticized power utility Electricite de France (1024251.FR) and construction company Bouygues SA (12050.FR) for shortcomings in the construction of a new type of nuclear reactor at Flamanville, in western France, reports Les Echos.

Gazprom Registers Ukrainian Unit For Local Gas Sales

Τετ, 9 Απριλίου 2008 - 04:14

Russian state gas monopoly OAO Gazprom (GAZP.RS) has registered a daughter company to sell gas in Ukraine, business daily Vedomosti reported Wednesday citing Ukrainian gas industry sources.

Growth Οutlook Remains Upbeat

Τρι, 8 Απριλίου 2008 - 05:54

The Greek economy is slowing down to growth rates its eurozone partners would have dreamed of and this is largely due to strong consumption spending. Can the international credit crisis and sticky high oil prices undermine Greek consumer spending? Not likely.

Kozloduy Exceeds Target

Τρι, 8 Απριλίου 2008 - 05:48

Bulgaria’s Kozloduy nuclear power plant, which runs two 1,000-megawatt reactors, said electricity production exceeded planned output by 6.5 percent in the first quarter.

Kazmunaigas E&P: Oil Duty Could Cost $800 Mln A Year

Τρι, 8 Απριλίου 2008 - 05:16

London-listed Kazakh oil and gas producer KazMunaigas Exploration Production (RDGZ.KZ) said Tuesday the financial impact of a new export duty on crude oil is could be about $800 million.

Iran Pres: To Install 6,000 New Nuclear Centrifuges

Τρι, 8 Απριλίου 2008 - 05:14

Iran is starting work to install 6,000 new uranium-enriching centrifuges at its nuclear plant in Natanz, President Mahmoud Ahmadinejad announced Tuesday, according to state media.

Zorlu Enerji To Invest $3 Billion By The End Of 2014 - IHA

Τρι, 8 Απριλίου 2008 - 05:12

Turkish gas and power firm Zorlu Enerji (ZOREN.IS), aims to reach a capacity of 4,000 megawatt by the end of 2014 with a $3 billion of investment, a company executive, Gokmen Topuz, told business daily Dunya, the Ihlas News Agency, or IHA, reported.

Lukoil: Ukraine Odessa Refinery Restart Delayed

Τρι, 8 Απριλίου 2008 - 05:11

Russia's OAO Lukoil Holdings (LKOH.RS) plans to resume production at its Odessa refinery in Ukraine April 18 after a three-year modernization program, the company said Tuesday.

RWE Confirms Seeks Holder Approval For 20% Capital Increase

Τρι, 8 Απριλίου 2008 - 05:09

RWE AG (RWE.XE) Tuesday reiterated it will seek authorization from its annual general meeting to increase its capital stock by up to 20%.

OPEC Pres: No Need For More Crude Oil

Τρι, 8 Απριλίου 2008 - 05:08

The president of the Organization of Petroleum Exporting Countries said Tuesday there was no need to add more crude oil to the market at present.