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Hungary's MOL Completes Acquisition Of Italian IES

Παρ, 16 Νοεμβρίου 2007 - 03:05

Hungarian oil and gas company MOL Nyrt. said Friday that the acquisition of a 100% stake in Italy's IES was completed Nov. 15, 2007. IES is an Italian refining and marketing company, which owns and operates the Mantova refinery with a capacity of 2.6 million metric tons per year, the related wide scale logistic assets and a network of 165 retail stations.

Kremlin: Italian PM To Hold Talks With Russia's Putin - AFP

Παρ, 16 Νοεμβρίου 2007 - 03:03

Italian Prime Minister Romano Prodi is to visit Moscow Nov. 22 following an invitation for talks from President Vladimir Putin, the Kremlin said Friday.

OPEC To Propose Consumers, Suppliers Create CO2 Capture Fund

Πεμ, 15 Νοεμβρίου 2007 - 06:04

Leaders of OPEC, responsible for meeting more than 40% of the world's oil needs, is to launch this weekend an environmental initiative that seeks to bring together producers and consumers in funding the capture of carbon dioxide emissions, official sources said Thursday.

Enel CEO Says Looking At Initiatives With Gazprom In Europe

Πεμ, 15 Νοεμβρίου 2007 - 06:02

Enel SpA is looking at initiatives with OAO Gazprom in Europe as part of its relations with the Russian energy behemoth and an earlier accord, Fulvio Conti, chief executive of Italy's biggest utility by market value, said Thursday.

Iran Needs $15B A Year To Develop Oil & Gas Projects -Oil Min

Πεμ, 15 Νοεμβρίου 2007 - 06:01

Iran has recently boosted its oil and gas production capacity to 4.3 million barrels of oil equivalent a day and could reach 4.5 million barrels a day within two years, but it needs $15 billion a year to develop new projects, Iran's Oil Minister Gholam-Hossein Nozari said Thursday.

Gazprom Says Shtokman Reserves At 3.8 Trillion Cubic Meters

Πεμ, 15 Νοεμβρίου 2007 - 05:59

Reserves at Russia's Shtokman natural gas field total 3.8 trillion cubic meters and 37 million metric tons of gas condensate, Russian domestic gas monopoly OAO Gazprom Thursday said in a release.

OPEC Trims 4Q Oil Demand Growth By 0.1M B/D To 1.97%

Πεμ, 15 Νοεμβρίου 2007 - 05:57

The Organization of Petroleum Exporting Countries Thursday cut world oil demand growth for the current quarter to 1.97% from 2.1% a month ago citing warmer winter weather in the northern hemisphere and the higher price of gasoline.

Iraq To Blacklist Firms Which Signed Oil Deals With Kurds

Πεμ, 15 Νοεμβρίου 2007 - 04:07

Iraq warned Thursday foreign oil companies which signed deals with the autonomous Kurdish regional government will be barred from doing business in the country and from exporting oil.

Iraq Kirkuk To Ceyhan Oil Flow Resumed - Oil Official

Πεμ, 15 Νοεμβρίου 2007 - 03:35

Oil shipments through a pipeline from Iraq's Kirkuk oil fields into the Turkish Mediterranean export terminal Ceyhan have been resumed, an Iraqi oil official said Thursday.

Turkmenistan Opens Door to Investment

Πεμ, 15 Νοεμβρίου 2007 - 03:25

Global energy policymakers joined the race for Turkmenistan's vast oil and gas reserves yesterday as two days of intense diplomacy kicked off in the reclusive Caspian nation. U.S. Energy Secretary Sam Bodman, EU Energy Commissioner Andris Piebalgs and executives from BP, Chevron and Russian companies flocked to Ashgabat for an oil conference marking the end of Turkmenistan's self-imposed isolation.

EdF Plans To Expand Outside Of European Union - Newspaper

Πεμ, 15 Νοεμβρίου 2007 - 03:17

Electricite de France, the French electricity company that is Europe's largest power generator, plans further expansion outside the European Union to offset an inevitable decline in its domestic market share, the company's top executive said in a report in the Financial Times Thursday.