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Iran Protests Boost Oil Prices as Middle East Uncertainty Prevails

Τετ, 3 Ιανουαρίου 2018 - 18:57

On January 2, oil prices eased after hitting mid-2015 highs in early trading, Reuters reported, noting that it was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel, boosted by protests in Iran and ongoing supply cuts led by the Organization of Petroleum Exporting Countries (OPEC) and Russia

Turkey Awards 740MW Wind Capacity to 22 Projects

Παρ, 29 Δεκεμβρίου 2017 - 18:19

Turkey awarded pre-licenses for wind energy projects with a total capacity of 740 megawatts (MW) to 22 projects in 9 regions on the final day of a four-day-marathon tendering period for the projects with a total capacity of 2,130 MW

Bulgaria: Natural Gas Price Rises in First Quarter of 2018

Παρ, 29 Δεκεμβρίου 2017 - 18:18

The Energy and Water Regulatory Commissionon 28th of December approved the price of natural gas for the first quarter of 2018. It is by 2.75% higher than the current price. Prices of heat energy will remain unchanged until the end of the heating season. There will be no change in electricity prices for residential and non-residential consumers on the regulated market

Italy’s ENI Raises Hydrocarbon Estimate for Mexico Offshore Field

Παρ, 29 Δεκεμβρίου 2017 - 18:17

Italian energy major ENI has successfully tested the Tecoalli-2 well, in the shallow waters of the Campeche Bay, offshore Mexico. The results of the production test performed on the Tecoalli-2 well, located in Contractual Area 1, approximately 200 kilometres West of Ciudad del Carmen, in 33 metres of water depth, confirm the excellent production capabilities of the Orca formation and good quality of the oil encountered in this reservoir (30° API, with no CO2 nor H2S), ENI said on December 22

Turkey's Crude Oil Imports Rise in October

Τετ, 27 Δεκεμβρίου 2017 - 19:18

Turkey's total oil imports increased with the boost of diesel and crude oil imports in October, according to the country's energy watchdog's report on Wednesday. Diesel imports increased by 26.30 percent to 1.2 million tonnes and crude oil imports increased by 6.66 percent to 2.2 million tonnes in October, Energy Marketing Regulatory Authority (EMRA) said

Kazatomprom to Begin Supplying Uranium to Iran After P5+1 Permission

Τετ, 27 Δεκεμβρίου 2017 - 19:17

Kazakh national company Kazatomprom plans to begin its supplying uranium to Iran after permission of "The Six”, the company’s chairman, Galymzhan Pirmatov, said in Astana on December 21

EU Gas Demand Shows Annual Rise for 7th Quarter in Row

Παρ, 22 Δεκεμβρίου 2017 - 19:03

EU gas demand has shown a year-on-year increase for the seventh successive quarter, helped by the economic recovery and a continuous expansion of gas use in the power sector, the European Commission (EC) announced on Friday. According to the Quarterly Report on European Gas Markets, EU gas consumption increased by 14 percent year-on-year in the third quarter of 2017

Bulgaria Fines EVN, CEZ for Competition Breach

Παρ, 22 Δεκεμβρίου 2017 - 19:02

Bulgaria’s competition watchdog fined Austria’s EVN and Czech CEZ a total of 5.99 million levs ($3.63 million) on Thursday for breaching competition rules. The Commission for Protection of Competition imposed a combined fine of 3.79 million levs on two Bulgarian power distribution and supply units of EVN. It also levied a combined fine of 2.19 million levs on two units of CEZ

Turkey's First Nuclear Plant Gets $19.9 Bln. Incentive

Παρ, 22 Δεκεμβρίου 2017 - 19:02

Turkey's first nuclear plant, Akkuyu Nuclear Power Plant (NPP), will receive an incentive worth nearly $19.9 billion, according to Turkey's Economy Ministry data on Friday. In the ministry's release of monthly incentive approvals for November, Akkuyu NPP received for the first time an incentive of nearly $19.9 billion (76 billion Turkish liras)

Turkey Launches First Solar Cell Integrated Factory

Πεμ, 21 Δεκεμβρίου 2017 - 18:18

Turkey's Renewable Energy Resource Zone Project (YEKA) inaugurated Turkey's first integrated solar module, cell and panel production factory at a ground-breaking ceremony in the capital Ankara on Thursday

Azeri SOCAR, Norway's Statoil to Join Forces on Caspian

Πεμ, 21 Δεκεμβρίου 2017 - 18:17

Azerbaijan's state energy company SOCAR signed an agreement with Norway's Statoil for a joint exploration project on the Karabakh offshore oil and gas field and for other fields in the Caspian Sea, SOCAR announced on Wednesday

Katakolo Oil Reserves in Greece ‘Four Times Larger than Expected’

Πεμ, 21 Δεκεμβρίου 2017 - 18:15

The quantities of oil at Katakolo, western Peloponnese, are four times larger than initially estimated, Energean sources revealed on Thursday. Proven reserves amount to 10.7 million barrels, instead of the estimated three million barrels expected during the period of the tender

Eni Starts Production in Largest Gas Field in Mediterranean Sea

Τετ, 20 Δεκεμβρίου 2017 - 17:49

Italian Eni has produced its first gas from the supergiant Zohr field in a record time for this type of field of less than two and a half years, the company announced Wednesday. According to the statement, the field, with potential resources in excess of 30 trillion cubic feet of gas in place, or about 5.5 billion barrels of oil equivalent, started-up in less than two and a half years from its discovery

Qatargas Signs 5-Year LNG Deal With Austria's OMV

Τετ, 20 Δεκεμβρίου 2017 - 17:48

Qatargas and OMV signed a new agreement to supply 1.1 million tonnes of LNG per annum to the Austrian company for five years, Qatargas announced on Wednesday

TAP Likely to Attract European Bank Loans

Τετ, 20 Δεκεμβρίου 2017 - 17:47

Trans Adriatic Pipeline (TAP), which will initially deliver 10 billion cubic meters of Azeri gas to Europe, may find financing from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), according to statements from the banks

Potential European Market Rivals, Russia’s Gazprom, Iran’s NIOC Sign Gas Cooperation Deals

Τρι, 19 Δεκεμβρίου 2017 - 16:31

Gazprom said that the Russian gas giant has signed a deal with Iran to implement integrated projects for hydrocarbon production, transmission and processing in Iranian territory. Gazprom CEO Alexey Miller led a delegation from the Russian gas company to the Islamic republic on December 13 where he met with Iran’s Petroleum Minister Bijan Namdar Zangeneh