English Edition

OPEC, CFTC, Cargill Seen At IEA Oil Price Mtg Mon

Πεμ, 13 Μαρτίου 2008 - 08:06

A long-planned International Energy Agency meeting Monday to discuss the factors behind the record oil price is set to hear from officials from the Commodity Futures Trading Commission, the Organization of Petroleum Exporting Countries and Cargill Inc. as well as from oil companies such as Norway's StatoilHydro ASA (STO), sources said Thursday.

New drive to attract foreign investment

Πεμ, 13 Μαρτίου 2008 - 05:50

Greece’s high growth rates and its economic role in the broader region of Southeasters Europe are two of the country’s main comparative advantages that make it an attractive destination for foreign investment, Economy Minister Giorgos Alogoskoufis said yesterday.

RWE Joint Bid For TGK-2 Likely To Be Highest

Πεμ, 13 Μαρτίου 2008 - 04:43

German utility RWE's (RWE.XE) joint bid for the Russian government's 33% stake in regional power generator OAO TGK-2 (TGKB.RS) is likely to be the highest, a person familiar with the matter told Dow Jones Newswires Thursday.

Enel Has Close Working Relationship With Acciona

Πεμ, 13 Μαρτίου 2008 - 04:42

Enel SpA (ENEL.MI) Chief Executive Fulvio Conti said Thursday the company has a "close working relationship" with the other controlling shareholder of Endesa (ELE.MC), Spanish company Acciona (ANA.MC).

StatoilHydro Oil Spill Investigation Reveals Big Deficiencies

Πεμ, 13 Μαρτίου 2008 - 04:41

Petroleum Safety Authority Norway Thursday said failure to allocate clear responsibilities, lack of risk understanding and design shortcomings in the loading system were among the underlying causes of the break in the Statfjord A loading hose operated by StatoilHydro on December 12, according to a report by the authority, the Norwegian Pollution Control Authority and the Norwegian Coastal Administration.

Gazprom, Ukraine Agree On Central Asian Gas Price For 2008

Πεμ, 13 Μαρτίου 2008 - 04:39

Russian gas monopoly OAO Gazprom (GAZP.RS) Thursday said it had reached an agreement with neighboring Ukraine over natural gas supplies for 2008.

GdF Takes Lion's Share Of EdF Power Sale

Πεμ, 13 Μαρτίου 2008 - 04:38

Gaz de France (1020848.FR) was the principal winner of a drawing rights auction organized by Electricite de France (1024251.FR) to allow its competitors access to cheaper power, French business newspaper Les Echos reported Thursday, citing anonymous sources.

Iraq Cuts April Basra Oil OSP To Europe, Asia; Ups US

Πεμ, 13 Μαρτίου 2008 - 04:36

Iraq's State Oil Marketing Organization has cut the April official selling prices of its Basra Light crude destined for Europe by $2.2 a barrel and for Asia by $0.90 a barrel, and increased prices for customers in the U.S., a SOMO official told Dow Jones Newswires.

OMV: MOL In Astonishing Haste To Transfer Shrs To Oman's OOC

Πεμ, 13 Μαρτίου 2008 - 04:35

Austrian oil and gas company OMV AG (OMV.VI) expressed astonishment Thursday over what it described as the haste of its Hungarian peer MOL Nyrt. to transfer an 8% stake to Omani state oil company Oman Oil Company or OOC.

Endesa's Unexpected Targets Shows Owner Dispute

Πεμ, 13 Μαρτίου 2008 - 04:33

The surprise disclosure of Endesa's (ELE.MC) targets for 2012 late Wednesday mirrors the widening rift between its controlling shareholders, Spain's Acciona SA (ANA.MC) and Italy's Enel SpA (ENEL.MI), local dailies El Mundo and El Economista report Thursday.

Rosneft Chairman Of Board Sechin Could Lose Influence

Πεμ, 13 Μαρτίου 2008 - 04:32

Igor Sechin, Chairman of the Board of Directors at Russian oil major OAO Rosneft (ROSN.RS), may lose his seat after Yury Petrov, head of Russian Federal Property Fund, appeared on the company's final list of candidates for the new board, Vedomosti daily reported Thursday.