English Edition

Russian Newspapers See Conspiracy Behind Raids On BP

Πεμ, 20 Μαρτίου 2008 - 04:14

Raids on the offices of U.K. oil giant BP PLC (BP) in Moscow Wednesday were conducted by secret service agents and may be part of a looming "redistribution" of oil assets in Russia, newspapers said Thursday.

DJ TNK-BP To Pipe 500,000 Tons Of Oil To China In 08

Πεμ, 20 Μαρτίου 2008 - 04:12

Russian oil-major TNK-BP (TNBP.RS) is the only company given permission to export oil from Russia to China through the Atasu-Alashankou oil pipeline in Kazakhstan in 2008, Interfax news agency reported Thursday, citing a source in the Industry and Energy Ministry.

Petrofac In EUR291M Syrian Gas Plant Project

Πεμ, 20 Μαρτίου 2008 - 04:11

Petrofac said Thursday it has received a letter of intent for the award of a EUR291 million lump-sum contract by the Hayan Petroleum Company in Syria to construct a gas treatment plant.

MOL Says It Bought 19,500 Treasury Shrs On Bourse Wednesday

Πεμ, 20 Μαρτίου 2008 - 04:09

Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Thursday that it purchased 19,500 shares of its registered equity on the Budapest Stock Exchange Wednesday.

Technip Signs Partnership Pact With Areva For Mining Projects

Πεμ, 20 Μαρτίου 2008 - 04:08

Technip (TKPPY) has entered into a partnership with Areva (CEI.FR) to develop major mining projects.

Lukoil Ukraine Odessa Refinery To Restart In April

Τετ, 19 Μαρτίου 2008 - 08:34

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

Romania Govt OKs Electrica Muntenia Sud Sale To Enel-Mediafax

Τετ, 19 Μαρτίου 2008 - 08:32

The Romanian government has approved the privatization of regional power distributor Electrica Muntenia Sud to Italian utility Enel SpA (EN), news agency Mediafax reported Prime Minister Calin Popescu Tariceanu as saying Wednesday.

Rising Ethanol Demand Spurs Oil, Sugar Mkt Link

Τετ, 19 Μαρτίου 2008 - 04:34

The crude oil and sugar markets will become increasingly correlated as demand for sugar-based ethanol rises, sugar analyst Czarnikow said Wednesday.

CEZ, Still Interested In Bidding In Russia's TGK

Τετ, 19 Μαρτίου 2008 - 04:33

Czech power utility CEZ AS (BAACEZ.PR) said Wednesday it is still interested in bidding for Russian regional power company OAO TGK-4 (TGKD.RS) after the Russian electricity holding that owns the unit delayed its tender until Apr. 7.

Libya Compensation Unlikely For US Grp On Tamoil Deal

Τετ, 19 Μαρτίου 2008 - 04:31

The Libyan government has canceled Colony Capital LLC's plans to buy a majority stake in its European refining company, Tamoil, and is unlikely to offer the U.S. private equity group any compensation for ending the deal, the head of the Libya's sovereign wealth fund said Wednesday.

Roxi Petroleum Buys Kazakhstan Seismic Survey

Τετ, 19 Μαρτίου 2008 - 04:29

Roxi Petroleum, a Kazakhstan based oil exploration and development company that on Mar. 3, acquired 59% of Eragon Petroleum, Wednesday said that it has completed the acquisition of a 193 km2 3D seismic survey over the Contract Area located in Mangistau and Atyrau Oblasts of Western Kazakhstan.

Alstom Wins Power Plant Contract With Suez's Electrabel

Τετ, 19 Μαρτίου 2008 - 04:28

French engineering company Alstom (102247.FR) Wednesday said it has secured a contract for over EUR270 million with Suez's (SZE.FR) Electrabel unit for construction of a combined-cycle power plant in the south of France.

MOL Makes Successful Gas, Condensate Discovery In Pakistan

Τετ, 19 Μαρτίου 2008 - 04:26

Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Wednesday that it made a third new discovery of gas and condensate in the Tal Block, located in the Northern Western Frontier Province of Pakistan.