English Edition

Rosneft Wants Lower Duty On Light Refined Products

Τετ, 19 Μαρτίου 2008 - 04:25

Russia's biggest oil producer OAO Rosneft (ROSN.RS) wants the government to lower export duty on light petroleum products in order to promote the modernization of the plants that produce them, the Vedomosti business daily reported Wednesday.

Romania Wants Second N-Plant

Τρι, 18 Μαρτίου 2008 - 06:39

Romania plans to build a second nuclear power station to ensure its future energy independence, the head of Nuclearelectrica, Teodor Chirica, said yesterday.

Kuwait Posts Record Income On Strong Oil Price

Τρι, 18 Μαρτίου 2008 - 04:42

Kuwait Tuesday said it has posted record revenues of 17 billion dinars ($63.6 billion) in the first 11 months of the current fiscal year, more than double budget estimates.

Lukoil Sees 15B Cubic Meters 08 Russian Gas Output

Τρι, 18 Μαρτίου 2008 - 04:41

Russia's OAO Lukoil (LKOH.RS) plans to raise this year's gas production in Russia to 15 billion cubic meters, up from 11.5 billion in 2007, Itar-Tass news agency reported Tuesday, citing Nikolay Mikhailov, head of the company's department of gas production.

Iraq Resumes Kirkuk Oil Exports Via Turkey

Τρι, 18 Μαρτίου 2008 - 04:40

Iraq Monday afternoon resumed exports of its Kirkuk crude oil via a northern pipeline to Turkey's Ceyhan port, after a one-day halt, a shipping agent at the Mediterranean terminal said Tuesday.

EdF Confirms Renewal Of Edison Shareholders' Pact In Italy

Τρι, 18 Μαρτίου 2008 - 04:38

French power utility Electricite de France (1024251.FR) Tuesday confirmed the renewal for three years of its shareholders' pact, with Italian holding company Delmi, for joint control of Italian electricity provider Edison (EDN.MI).

RWE Interested In Buying Stake In British Energy

Τρι, 18 Μαρτίου 2008 - 04:36

German utility RWE AG (RWE.XE) is interested in taking a stake in British Energy Group PLC (BGY.LN), German daily Die Welt reports Tuesday, citing sources familiar with the company's management board.

Eni Submits Bid For Stake In Belgium's Distrigas

Τρι, 18 Μαρτίου 2008 - 04:35

Eni SpA (E), Italy's biggest energy company by market value, submitted a bid for Belgium natural gas operator Distrigas SA (DIST.BT), daily la Repubblica reported Tuesday, without citing sources.

Russia's UES Values Mosenergosbyt At RUB22.2 Bln

Τρι, 18 Μαρτίου 2008 - 04:34

Former electricity monopoly RAO Unified Energy System of Russia (EESR.RS), or UES, has approved a valuation for all of OAO Mosenergosbyt (MSSB.RS), in which it owns a 50.9% stake, of 22.2 billion rubles ($944.3 million), a person familiar with the matter told Dow Jones Newswires Tuesday.

Gazprom Could Lose Export Monopoly

Τρι, 18 Μαρτίου 2008 - 04:33

Russia's antimonopoly service is proposing allowing independent gas producers to export natural gas, a step that would end the monopoly currently enjoyed by state-controlled OAO Gazprom (GAZP.RS), the Vedomosti daily reported Tuesday, citing a departmental head within the service.

Gazprom Neft Eyes $100B Market Cap By 2020

Τρι, 18 Μαρτίου 2008 - 04:32

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), is aiming to raise its market capitalization to $100 billion from current $29.1 billion by 2020, the RBC Daily reported Tuesday, citing Chief Executive, Alexander Dyukov.