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Spain,French Pwr Cos In Talks On $100B Deal-Sources

Παρ, 21 Μαρτίου 2008 - 04:54

French and Spanish companies are in advanced discussions about pursuing a tricky $100 billion deal in the Spanish utility industry that could reshape the European energy landscape.

Russian Parliament To Vote On Foreign Investment Laws Fri-AFP

Παρ, 21 Μαρτίου 2008 - 04:53

Russia's parliament is to vote Friday on a draft law limiting foreign investor access to key sectors including oil and gas, the media, and fishing, officials said.

IEA urges to overcome market barriers to increased energy efficiency in buildings

Πεμ, 20 Μαρτίου 2008 - 04:45

Energy efficiency is by far the most cost-effective way to fulfil three major energy-related challenges: increased energy security, reduced energy costs and a cleaner environment. “With surging energy consumption, high energy prices and raising CO2 emissions, the imperative to improve energy efficiency is stronger than ever”, said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA). “On this road to a sustainable energy future, action in the building sector can play a key role.”

Turkey's Petrol Ofisi Aims For $12 Bln Turnover In 2008

Πεμ, 20 Μαρτίου 2008 - 04:19

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, is aiming to achieve annual turnover of $12 billion in 2008, Chief Executive Melih Turker said Thursday, according to Ihlas News Agency, or IHA.

Israel,Egypt In Prelim Deal For Egypt To Supply Gaza With Pwr

Πεμ, 20 Μαρτίου 2008 - 04:17

Israeli defense officials said Thursday that they have worked out a tentative deal for Egypt to become the main electricity supplier to the Gaza Strip.

RWE Npower Forms Consortium For UK Carbon Capture Project

Πεμ, 20 Μαρτίου 2008 - 04:16

RWE npower, the U.K. arm of German utility RWE (RWE.XE), said Thursday that it had formed a consortium with five other companies to build a carbon capture and storage power plant, ahead of entering a competition to get U.K. government funding for the project.

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.