English Edition

Turkey Plans Ankara, Sakarya Power Grid Sales By End-Jun

Τρι, 29 Απριλίου 2008 - 03:59

Turkish Privatization Agency president Metin Kilci said the agency aims to complete the sale of electricity distribution grids covering Ankara and Sakarya cities, before the end of June, the Ihlas News Agency, or IHA, reported Tuesday.

Econ Min: Germany Needs New Power Plants

Τρι, 29 Απριλίου 2008 - 03:58

Germany needs new power plants to help reduce electricity costs, Economics Minister Michael Glos told Tuesday's Frankfurter Allgemeine Zeitung newspaper.

BP: 1Q Profit From TNK-BP JV Jumps Nearly Fivefold

Τρι, 29 Απριλίου 2008 - 03:57

BP PLC (BP) said Tuesday its profit from the Russian joint-venture TNK-BP (TNBP.RS) for the first quarter jumped almost fivefold, despite lower oil production.

Russia Pres-Elect To Make First Trips To Kazakhstan, China

Τρι, 29 Απριλίου 2008 - 03:55

Russian president-elect Dmitry Medvedev said Tuesday that he will travel to Kazakhstan and China on his first foreign trip following his May 7 inauguration.

EC Clashes with Greece on Emissions

Πεμ, 24 Απριλίου 2008 - 05:08

The European Commission said yesterday that the Environment and Public Works Ministry had been fully aware of Greece’s imminent suspension from a United Nations carbon emissions trading program – and that this could lead to legal action – even as the ministry insisted that no “final decision” had been made.

Alogoskoufis Claims Some Success in Tax Evasion Fight

Πεμ, 24 Απριλίου 2008 - 05:04

Economy and Finance Minister Giorgos Alogoskoufis yesterday urged tax officials to intensify their efforts in the battle against extensive tax evasion, particularly as regards illegal fuel trading, but also to show full respect for the rights of taxpayers.

RenCap Recommends Swapping Lukoil For Gazprom

Πεμ, 24 Απριλίου 2008 - 02:01

Renaissance Capital advises investors in Lukoil (LKOH.RS) to move into Gazprom (GAZP.RS) instead. "We believe that after Lukoil's excellent recent run, a switch to Gazprom would make sense," says Tom Mundy.

Russian Oil Export Duty To Reach Record $395-$400/Ton Jun 1

Πεμ, 24 Απριλίου 2008 - 01:59

Russia's oil export duty will reach a record $395-$400 a metric ton as of June 1, the Interfax news agency reported Thursday citing a Finance Ministry official.

Eni Announces Hydrocarbon Discovery In Norwegian North Sea

Πεμ, 24 Απριλίου 2008 - 01:58

Eni SpA (E) said Thursday it has successfully completed drilling and testing operations of well 34/12-1 on the new Afrodite gas/condensate discovery in Norway.

Gazprom Not In Talks To Buy Control Of BP's JV TNK-BP-Sources

Πεμ, 24 Απριλίου 2008 - 01:56

OAO Gazprom (GAZP.RS) is not in talks to take control of BP PLC's (BP) joint-venture TNK-BP (TNBP.RS), people familiar with both companies said, undermining a press report saying the price for the acquisition has already been set.

Eni Holding Launches Mandatory Offer For 20% Of HOEC

Πεμ, 24 Απριλίου 2008 - 01:54

Eni Holding, a wholly-owned subsidiary of Eni SpA (E), has launched a mandatory open offer for 20% of the shares of Hindustan Oil Exploration Limited (HOEC) at a price of 144.2 rupees per share.

Gaz de France 1Q Sales +15% To EUR10.38B On Higher Prices

Πεμ, 24 Απριλίου 2008 - 01:53

French utility Gaz de France (1020848.FR) Thursday said sales jumped 15% in the first quarter of 2008, helped by higher gas prices and a colder quarter than in 2007.

EdF Energies Nouvelles Signs Pact For Crane Creek Project

Πεμ, 24 Απριλίου 2008 - 01:52

French renewable power company EdF Energies Nouvelles (EEN.FR) announced Thursday the signing of a new agreement for the development and construction of the Crane Creek project in Iowa on behalf of a third party.