English Edition

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.

Hungary PM: To Link Hungary, Croatia Gas Networks By 2011

Τρι, 8 Απριλίου 2008 - 05:06

Hungary and Croatia plan to link their natural gas transport networks by 2011 at the latest, Hungarian Prime Minister Ferenc Gyurcsany said Tuesday at a joint press conference with his Croatian counterpart, Ivo Sanader.

Enel CEO Hopes To Sell Stake In Renewable Co By End 09

Τρι, 8 Απριλίου 2008 - 05:04

Enel SpA (ENEL.MI) hopes to sell by the end of 2009 a minority stake in a company that will consist of its renewable energy assets because it believes the markets are undervaluing them, said Chief Executive Fulvio Conti Tuesday.

Algeria Bid Round Won't Favor NOCs; Gazprom Involved

Τρι, 8 Απριλίου 2008 - 05:03

National oil companies won't be favored in Algeria's upcoming licensing round, which will also draw up new contracts for the winners with a windfall oil tax already built into them, Algeria's oil minister said Tuesday.

UAE's RAK Petroleum Appoints Apache Intl Founder To Board

Τρι, 8 Απριλίου 2008 - 05:01

RAK Petroleum, a United Arab Emirates-based oil and gas firm, Tuesday said it appointed Bijan Mossavar-Rahmani, founder and first chief executive of Houston-based Apache International Inc., to its board of directors.

Iberdrola, La Caixa Clash Over Gas Natural Tie-Up

Δευ, 7 Απριλίου 2008 - 04:50

The top managers of Iberdrola SA (IBE.MC) and La Caixa are in disagreement over key details of a possible tie-up between Iberdrola and Gas Natural SDG SA (GAS.MC), Spanish state-owned newswire Efe reported Monday, citing financial sources close to the situation.

E.ON UK Humber Offshore Wind Proj Faces MoD Opposition

Δευ, 7 Απριλίου 2008 - 04:46

The U.K. Ministry of Defense is understood to have objected to E.ON UK's plans to build the 300 megawatt offshore Humber wind project on grounds that it could cause interference with its radar operations, The Guardian reports without citing sources.