English Edition

Serbia Allows Russia a Major Role in Energy

Τετ, 23 Ιανουαρίου 2008 - 02:43

Serbia cemented its ties with Russia yesterday, allowing Moscow a major role in its economy through an agreement with energy giant Gazprom to develop the Balkan country’s oil and gas industry.

Ankara Αccepts RWE as Nabucco Partner

Τετ, 23 Ιανουαρίου 2008 - 02:40

Turkish Prime Minister Recep Tayyip Erdogan has approved German energy firm RWE as the sixth partner in the EU-backed Nabucco gas pipeline project, an official at the prime minister’s office said yesterday.

Hungarian MOL Closes Share Transaction Deal With CEZ

Τετ, 23 Ιανουαρίου 2008 - 02:37

Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Wednesday that the share purchase agreement as part of MOL's strategic alliance with CEZ A.S.(BAACEZ.PR) was financially closed and settled Jan. 23, 2008.

British Energy: 635MW Reactor Offline In Unplanned Shutdown

Τετ, 23 Ιανουαρίου 2008 - 02:35

U.K. nuclear power producer British Energy (BGY.LN) said on Wednesday that its 635-megawatt Torness 2 reactor shut down due to an unplanned outage at 1329 GMT Tuesday.

Israeli Official Welcomes Accord On UN Iran Resolution- AFP

Τετ, 23 Ιανουαρίου 2008 - 02:33

A senior Israeli official Wednesday welcomed world powers agreeing on the text of a new U.N. Security Council resolution against Iran over its disputed nuclear program.

Moncada in Albanian Power Link

Τρι, 22 Ιανουαρίου 2008 - 05:16

Italian construction and energy firm Moncada Costruzioni plans to start building a 400-kilovolt power link this year with Albania to boost electricity imports to Italy.

Melrose Looking to Bulgaria Gas

Τρι, 22 Ιανουαρίου 2008 - 05:12

Melrose Resources plans to start extracting gas from a Bulgarian Black Sea offshore block by the middle of 2009, it said yesterday.

Serbia: Toward Russia or EU?

Τρι, 22 Ιανουαρίου 2008 - 05:02

Serbs face a choice between a nationalist who leans toward Russia and a liberal favoring the West in a presidential election runoff next month. Both candidates oppose independence for the breakaway province of Kosovo, expected to be declared soon after the second round vote with the backing of the West.

EU Emission Plans will Hit Coal Plants

Τρι, 22 Ιανουαρίου 2008 - 04:58

European Commission proposals to be published tomorrow will force power generators to pay for carbon-emissions permits and could chop profits at companies which burn coal to produce electricity, analysts said yesterday.

Dimas Urges Greener Policies

Τρι, 22 Ιανουαρίου 2008 - 04:54

European Environment Commissioner Stavros Dimas called on Greece yesterday to implement more effective ecological measures and expressed concern over whether the government will move ahead with building a park in the Hellenikon area of southern Athens.

Iraq Extends Registration For Intl Oil Companies To Feb 18

Τρι, 22 Ιανουαρίου 2008 - 04:16

Iraq has extended to Feb. 18 its invitation for international oil companies to submit registration documentation to bid for participation in the development of some of Iraq's prized oil fields, the Oil Ministry announced Tuesday.

Dana Gas Secures Approval For Nigeria Offshore Oil, Gas Block

Τρι, 22 Ιανουαρίου 2008 - 04:09

U.A.E.-based oil and gas company Dana Gas said Tuesday its ownership of an oil and gas block offshore in West Africa's Gulf of Guinea had been approved by local authorities.

Oil Majors To Meet Iraqis Thu To Discuss Tech Pacts-Official

Τρι, 22 Ιανουαρίου 2008 - 04:07

An Iraqi Oil Ministry delegation will meet in Amman later this week with senior executives from five oil majors to discuss the possibility of signing technical support agreements to help develop five oil fields, an Iraqi oil ministry spokesman said Tuesday.