English Edition

Sofia Snubs Renewable Energy Sources In Favor of a New Nuclear Facility

Πεμ, 28 Φεβρουαρίου 2008 - 01:04

Bulgaria should push ahead with plans to build a new nuclear power plant, rather than opt for wind and solar power to solve its energy problems, the economy and energy minister said yesterday.

Turkey Now Sees No Need for Seventh Nabucco Partner

Πεμ, 28 Φεβρουαρίου 2008 - 01:01

The six-nation natural gas pipeline project Nabucco is «crowded enough» and there is no need at present to discuss a seventh partner, the head of Turkey's state gas pipeline company Botas said yesterday. Gaz de France said earlier in the day that it was still ready to join if the consortium behind the Nabucco pipeline, which is designed to help Europe diversify its gas imports away from Russia, backed its participation.

RWE To Spend EUR67M To Modernize W German Gas-Fired Pwr Plant

Τετ, 27 Φεβρουαρίου 2008 - 08:24

RWE AG (RWE.XE), Germany's largest power producer by generation capacity, Wednesday said it plans to invest around EUR67 million to modernize a gas-fired power plant in western Germany.

Russia To Back Iran Sanctions If No Enrichment Halt

Τετ, 27 Φεβρουαρίου 2008 - 08:22

Russia will back U.N. sanctions against Iran if Tehran doesn't stop uranium enrichment within days, the RIA Novosti news agency reported Wednesday, citing Russia's official U.N. representative Vitaly Churkin.

China’s Sinopec to Invest in Bulgaria Refinery Upgrade

Τετ, 27 Φεβρουαρίου 2008 - 06:03

Sinopec Corp, Asia’s top oil refiner, will invest to modernize Bulgaria’s bankrupt oil refinery Plama, which is expected to restart production in the next several months, the plant’s new owner said yesterday.

PPC Unmoved by Staff Protests

Τετ, 27 Φεβρουαρίου 2008 - 06:00

Protesting Public Power Corporation (PPC) workers yesterday forced the cancellation for the fourth time of the signing of a strategic cooperation deal between the company and German power giant RWE.

Gazprom, SUEK Must Sell Regional Assets Before Merger

Τετ, 27 Φεβρουαρίου 2008 - 04:48

Russia's OAO Gazprom (GAZP.RS) and OAO SUEK must sell some of their regional assets before a planned merger between the pair can be approved, the head of the Federal Antimonopoly Service Igor Artemiev said Wednesday, the Interfax news agency reported.

EU Proposes Talks On Boosting Ties With Libya

Τετ, 27 Φεβρουαρίου 2008 - 04:46

The European Commission proposed Wednesday to open negotiations on boosting relations with Libya, with the aim of completing a first ever framework for ties by the end of the year.

ThyssenKrupp Unit Wins EUR100M In Bulgaria Orders From Lukoil

Τετ, 27 Φεβρουαρίου 2008 - 04:45

German industrial conglomerate ThyssenKrupp AG (TKA.XE) Wednesday said Uhde GmbH, part of the company's Technology segment, won two orders worth a total of around EUR100 million from Russia's Lukoil Holding (LKOH.RS) to engineer and supply clean-fuels plants in Bulgaria.

Iran To Begin Drilling Operations In Caspian Sea

Τετ, 27 Φεβρουαρίου 2008 - 03:05

Iran has started first crude oil drilling operations in the Caspian Sea, the oil ministry's official Shana Web site reported Tuesday.

Ukraine's Energy Min, Russian Gas Debt To Be Paid In Full Wed

Τετ, 27 Φεβρουαρίου 2008 - 03:04

Ukraine's energy minister said his country may fully pay off its debt for Russian natural gas supplies before the end of Wednesday.

Gaz de France 2007 Net Pft EUR2.5B Vs EUR2.3B

Τετ, 27 Φεβρουαρίου 2008 - 03:02

French utility Gaz de France (1020848.FR) Wednesday said full-year net profit rose 7.6%, helped by colder weather in the last quarter of 2007 and gains from the purchase and sale of energy.

Vestas 4Q Net Rises 80% On Higher Prices, Output

Τετ, 27 Φεβρουαρίου 2008 - 03:00

Vestas Wind Systems A/S (VWS.KO) Wednesday reported an 80% rise in fourth-quarter net profit, reflecting improved prices and conditions and better in-house processes and production, but said supply bottlenecks and poor quality components continued to dent results.