English Edition

Kuwait State Firm To Order Six Oil Tankers

Τετ, 6 Φεβρουαρίου 2008 - 03:12

State-owned Kuwait Oil Tanker Co. (KOTC) plans to order six new oil tankers including four giant crude vessels at a cost of $800 million, the company chief said in comments published Wednesday.

Romania's Transgaz Net Pft Down 5.7% YY To RON224M

Τρι, 5 Φεβρουαρίου 2008 - 06:46

Romania's natural gas pipeline operator Transgaz Medias posted a net profit of 224.34 million lei ($90.8 million) in 2007, down 5.7% on the year due to higher expenses, news agency Mediafax reported Tuesday, citing a company statement.

Protesters Greet Iraqi Oil Officials In London

Τρι, 5 Φεβρουαρίου 2008 - 06:44

Iraqi oil officials and oil company executives were greeted by demonstrators in London Tuesday protesting long-term oil contracts being signed in Iraq, which they say are handing control of the country's oil wealth to private foreign enterprise.

Iraq Says Iran Siphoning Oil, Controlling Wells On Border

Τρι, 5 Φεβρουαρίου 2008 - 06:42

The Iraqi Oil Ministry Tuesday accused Iran of stealing oil from a shared field under their common border and of illegally seizing and capping off wells in second field Iraq says lies entirely within its territory.

Iraqi Oil Exports Hit Record 2M B/D In Jan - Iraq Oil Min

Τρι, 5 Φεβρουαρίου 2008 - 06:40

Iraq oil production surged to more than 2 million barrels a day in January Iraq's Oil Minister said Tuesday on the sidelines of a Middle East energy event at London's Chatham House.

Mossad: Iran Will Have Nuclear Weapon In Three Years

Τρι, 5 Φεβρουαρίου 2008 - 06:39

Israel's Mossad spy agency estimates Iran will develop a nuclear weapon within three years and continue to provide rockets to regional armed groups, a newspaper reported Tuesday.

Turkish Straits Closed To Tanker Traffic Due To Fog

Τρι, 5 Φεβρουαρίου 2008 - 03:14

Turkey's Bosporus and Dardanelles straits are both closed to tanker traffic due poor visibility caused by dense fog, Turkish maritime officials said Tuesday, the Ihlas News Agency, or IHA, reported.

StatoilHydro Awards NOK445M Gjoa Platform Contract

Τρι, 5 Φεβρουαρίου 2008 - 03:12

StatoilHydro said Tuesday that on behalf of the Gjoa licence and the future operator, Gaz de France, it has awarded the main operations support contract for the Gjoa platform in the North Sea to IKM Gruppen.

Kazakhmys To Buy Coal Mine, Kazakh's Largest Pwr Plant

Τρι, 5 Φεβρουαρίου 2008 - 03:11

Kazakh copper producer Kazakhmys PLC (KAZ.LN) said Tuesday that it had signed an agreement with AES Corp. (AES) to acquire for up to $1.5 billion the largest power plant in the country, along with a coal mine that feeds it.

EdF To Clarify Intentions Over Iberdrola Within Days

Τρι, 5 Φεβρουαρίου 2008 - 03:09

French utility group Electricite de France (1024251.FR)has been asked by the Spanish market regulator to clarify its intentions regarding a possible bid for Spanish power firm Iberdrola SA (IBE.MC) in the coming days, business daily Les Echos reports Tuesday.

Emerald Energy Gets Approval For Khurbet East Field

Τρι, 5 Φεβρουαρίου 2008 - 03:08

Emerald Energy said Tuesday the Syrian Ministry of Oil and Mineral Resources and the Syrian Petroleum Company have granted approval for commercial development of the Khurbet East Field.

GDF Role in Nabucco

Τρι, 5 Φεβρουαρίου 2008 - 02:41

Gaz de France, the owner of Europe’s largest natural-gas network, will be “associated” with the Nabucco pipeline project, Romanian President Traian Basescu said, according to an adviser to French President Nicolas Sarkozy who was traveling with him.

PPC Denies CEO Intends to Resign

Τρι, 5 Φεβρουαρίου 2008 - 02:37

The Public Power Corporation (PPC) yesterday denied rumors that CEO Panayiotis Athanassopoulos intended to resign.