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Iran Wants to Increase Gas Exports to Brother Turkey

Iran Wants to Increase Gas Exports to 'Brother' Turkey

Παρ, 9 Σεπτεμβρίου 2016 - 19:40

Iran wants to increase its natural gas exports to Turkey, according to Mansour Moazami, Deputy Minister of Industry, Mine and Trade of Iran. Moazami, who is also former managing-director of the National Iranian Gas Company and former deputy oil minister of Iran told Anadolu Agency that any impending negotiations between Turkey and Iran will focus on gas prices

EU to Meet 2020 Final Energy Consumption Target

EU to Meet 2020 Final Energy Consumption Target

Παρ, 9 Σεπτεμβρίου 2016 - 19:38

The European Union is on its way to meet the 2020 final energy consumption target if it keeps steady on the same path, a European Commission energy spokeswoman said. “The EU28 is also on a good pathway to achieve the primary energy consumption target 2020 if the current efforts are maintained,” Anna-Kaisa Itkonen told New Europe on September 7

Gazprom Receives First Permits for Turkish Stream Pipeline

Gazprom Receives First Permits for Turkish Stream Pipeline

Τετ, 7 Σεπτεμβρίου 2016 - 17:49

Gazprom has received through diplomatic channels first permits from the authorities of Turkey for the implementation of the Turkish Stream after it was decided to resume the project this year, Russian gas holding said in a statement

Kashagan to Help Boost Kazakh Oil Supplies to China

Kashagan to Help Boost Kazakh Oil Supplies to China

Τετ, 7 Σεπτεμβρίου 2016 - 17:48

Kazakhstan can increase the supply of oil to China from 7 to 20 million tonnes, the press service of Akorda reported last Monday. Kazakhstan’s President Nursultan Nazarbayev at a briefing following the results of a visit to China said the possibility of supply of Kazakh oil to China would increase in connection with the commissioning of the largest oilfield Kashagan

Bankers Petroleum on Winning Side of $57M Tax Dispute With Albania

Bankers Petroleum on Winning Side of $57M Tax Dispute With Albania

Τετ, 7 Σεπτεμβρίου 2016 - 17:47

A Calgary-based oil and gas producer that operates in eastern Europeemerged victorious in a long-standing dispute with the Albanian government over a $57-million tax bill. The dispute began with an Albanian government audit of Bankers Petroleum Ltd.’s books in 2011 thatquestioned $250 millionin expenses, resulting in a $57-million tax levy

Gazprom, Edison Discussed Gas Supplies to Europe Over ITGI Poseidon Pipeline

Gazprom, Edison Discussed Gas Supplies to Europe Over ITGI Poseidon Pipeline

Τετ, 31 Αυγούστου 2016 - 17:22

Gazprom and Italy’s Edison discussed organization of the southern route of Russian natural gas supplies to Europe over ITGI Poseidon gas pipeline route [Turkey-Greece-Italy interconnector pipeline project - TASS] against the background of resumed Turkish Stream project, the Russian gas holding said on Tuesday

Greece’s Energean to Buy 2 Israeli Gas Fields as Cyprus Advances 3rd Licensing Round

Greece’s Energean to Buy 2 Israeli Gas Fields as Cyprus Advances 3rd Licensing Round

Τετ, 31 Αυγούστου 2016 - 17:20

Greece’s Energean Oil & Gas inked on August 16 a $148.5 million deal to purchase Israel’s natural gas fields Karish and Tanin. Delek Drilling and Avner, part of Israel’s leading integrated energy company, signed the agreement, which is being undertaken as part of the implementation of the Gas Framework, set up by the Israeli Government as part of their strategy to develop the energy market, for the sale of 100% of their holdings in the two fields to Energean

Montenegro, Croatia, Albania, SOCAR Initial MoU for IAP Construction

Montenegro, Croatia, Albania, SOCAR Initial MoU for IAP Construction

Τρι, 30 Αυγούστου 2016 - 15:49

Montenegro, Croatia, Albania and the executives of Azerbaijani oil and gas company SOCAR initialed a memorandum of understandingon the development of the Ionian Adriatic Pipeline (IAP) on the sidelines of the Dubrovnik-based investment forum, Montenegro's economy ministry said

StateAid: Commission has Approved a Greek State Guarantee to Improve Electricity Generation on Islands

StateAid: Commission has Approved a Greek State Guarantee to Improve Electricity Generation on Islands

Τρι, 30 Αυγούστου 2016 - 15:47

In December 2015 Greece notified plans to grant the Greek electricity company PPC a State guarantee, which would enable the company to secure a €190 million loan from the European Investment Bank (‘EIB’). The loan will cover half of the costs for the necessary upgrade, expansion and refurbishment of existing power plants on 18 islands not connected to the electricity grid of the mainland

Iran Signs Seven Initial Oil Deals With Foreign Firms

Iran Signs Seven Initial Oil Deals With Foreign Firms

Τρι, 30 Αυγούστου 2016 - 15:47

Iran has signed seven new initial agreements with foreign oil companies, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as saying by the oil ministry's news agency Shana on Tuesday

Bulgarias Quest for a Hub Draws Major Interest

Bulgaria's Quest for a 'Hub' Draws Major Interest

Τρι, 30 Αυγούστου 2016 - 15:45

In early September about 17 international energy companies will come together to discuss a Balkan gas hub concept promoted by the Bulgarian government and supported by the European Commission (EC), the government said

Gas Exploration to Resume in Israeli Waters

Gas Exploration to Resume in Israeli Waters

Παρ, 12 Αυγούστου 2016 - 12:11

The Petroleum Council that reports to the Ministry of National Infrastructures, Energy and Water Resources has approved the granting of new exploration areas in Israel's economic waters. The Council's made its recommendation after four years in which the sea was closed to new exploration, and following Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz's instruction that exploration should be renewed

Turkish Stream Will Not Directly Rival Nord Stream 2 — Austrian OMV

Turkish Stream Will Not Directly Rival Nord Stream 2 — Austrian OMV

Παρ, 12 Αυγούστου 2016 - 12:10

The Austrian oil and gas company OMV, which is participating in the NordStream 2 gas pipeline construction project, does not view the Turkish Stream as a direct rival, Executive Board member Manfred Leitner told a press conference Wednesday