English Edition

Sofia Mayor Fandakova: The Construction of Third Subway Line Goes Within Timeframes

Πεμ, 11 Μαΐου 2017 - 19:23

"The construction of the third sуbway line in Sofia goes within the time frames. I expect the preparation for the construction of 4 new metro stations to begin in the end of May", announced the Sofia Mayor Yordanka Fandakova, reported BNT

Bonn Talks Aim for 100% Renewable Energy Solutions

Πεμ, 11 Μαΐου 2017 - 19:22

Representatives from major organisations from all over the world gathered in Bonn on May 8 to discuss renewable energy presented solutions and strategies for achieving global 100% renewable energy, Global 100% RE Platform said in a press release

Oil Rises After U.S. Inventories Drop, Signals of OPEC Cut Extension

Τετ, 10 Μαΐου 2017 - 19:25

Oil prices rose on Wednesday after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts and U.S. crude inventories fell more than expected. But the rise failed to recoup last week's losses with concerns about rising output from the United States, Libya and Nigeria continuing to weigh

EU Clears Creation of German JV by Austria’s STRABAG and EVN

Τετ, 10 Μαΐου 2017 - 19:25

The European Commission said on May 8 that the EC has approved under the EU Merger Regulation the acquisition of joint control by STRABAG SE and EVN AG, both of Austria, over the joint venture Projektgesellschaft Geoenergie Bayern Projekt Garching a.d. Alz GmbH & Co. KG, of Germany

Gazprom Keen on TAP as Turkstream Link for EU: Expert

Τετ, 10 Μαΐου 2017 - 19:24

Gazprom has expressed interest in using the Trans Adriatic Pipeline (TAP) to link the second line of the TurkStream gas pipeline because TAP's route is already established, John Roberts, a senior fellow at Atlantic Council's Global Energy Center told Anadolu Agency on Wednesday

Steel from Romanian Railway Freight Company Sold Undervalued Scrap at Double the Price

Δευ, 8 Μαΐου 2017 - 13:56

Remat Calarasi, the purchaser of the scrap sold by the Romanian railway freight operator CFR Marfa at an undervalued scrap sale, was reselling the steel at double the price, according to a report of the prosecutors from the Directorate for Combating Organized Crime and Terrorism (DIICOT), quoted by News.ro

Construction of TurkStream's Offshore Section Starts

Δευ, 8 Μαΐου 2017 - 13:54

Construction of the offshore section of the TurkStream gas pipeline project commenced on Sunday in the Black Sea near the Russian coast, Gazprom announced on Sunday. The Audacia vessel owned by Allseas - the construction contractor for both strings of the gas pipeline's offshore section - is carrying out the pipe laying, according to the statement

Oversupply Fears Push Oil Prices to Five-Month Lows

Δευ, 8 Μαΐου 2017 - 13:53

Fears of oversupply pushed oil prices to five-month lows on May 5 despite signals that Russia is ready to join the Organization of Petroleum Exporting Countries in extending supply cuts. US WTI crude oil futures fell more than 3% in early trading to less than $44 a barrel, the lowest since November 14, Reuters reported. It fell 4% on May 4. Benchmark Brent also fell 3% to below $47, which is its lowest since November, when OPEC agreed to cut output

Iraq Exports 3.2 Million Barrels Oil per Day in April

Δευ, 8 Μαΐου 2017 - 13:52

Iraq's daily oil exports averaged 3.252 million barrels per day in April, Iraq's Ministry of Oil announced on Sunday. According to the written statement of the ministry, the oil exports for April was 97.5 million barrels, while the outcome was $4.6 billion

Bulgaria Accepts the Gazprom Antitrust Offer, Under Conditions

Παρ, 5 Μαΐου 2017 - 18:55

Bulgaria supports the European Commission stand that the Gazprom antitrust case can be brought to a conclusion but is of the opinion that this must be done under certain conditions, the government press office says, quoted by BNR

Rosneft Posts Q1 Net Income Rise of 8.3%

Παρ, 5 Μαΐου 2017 - 18:52

Russian state-owned oil giant Rosneft posted a rise in first-quarter net income on May 5 of 8.3% year on year to 13 billion rubles ($221.4 million). "The Company maintained industry leadership in investments pursuing monetisation of unique reserves base and planned completion of large investment projects in near-term,” Rosneft CEO Igor Sechin said in a press release, commenting the results the first quarter of 2107

CO2 Emissions in EU Decrease in 2016

Παρ, 5 Μαΐου 2017 - 18:51

Carbon dioxide (CO2) emissions from fossil fuel combustion in the EU decreased year-on-year by 0.4 percent, Eurostat, the statistical office of the European Union (EU), announced on Thursday. CO2 emissions are a major contributor to global warming and account for around 80 percent of all EU greenhouse gas emissions

TANAP's First Gas Due for Testing in January 2018

Παρ, 5 Μαΐου 2017 - 18:51

The Trans-Anatolian Natural Gas Pipeline's (TANAP) project is 70 percent complete with first gas to Turkey due for testing in January 2018, the project's general manager said on Friday. Saltuk Duzyol, TANAP's general manager, in an exclusive interview with Anadolu Agency, said that Phase 0 of TANAP, which will carry Azeri gas to Turkey, is currently 80 percent complete

Research and Survey Vessel Ramform Hyperion Docks at Limassol Port

Τετ, 3 Μαΐου 2017 - 19:33

Research and survey vessel Ramform Hyperion has docked at Limassol port, on Cyprus` southern coast, to carry out seismic research in the Republic`s exclusive economic zone (EEZ)

SolarPower Europe: New Financial Mechanisms at EU-Level Are Crucial for Solar

Τετ, 3 Μαΐου 2017 - 19:31

The European solar association has released a new report that recommends ten actions to further support solar across the EU. Innovative financing mechanisms and new business models, as well as balanced regulatory frameworks, are considered necessary to ensure the future growth of PV in Europe

Saudi Aramco Solely Owns Biggest Oil Refinery in US

Τετ, 3 Μαΐου 2017 - 19:31

Saudi Arabian oil giant Aramco has gained total control of the biggest oil refinery in the U.S., according to a statement by Anglo-Dutch oil company Royal Dutch Shell on Monday. Shell and Aramco formed a joint venture in 1998 called Motiva Enterprise, which had refining operation with a 50-50 share basis since 2002