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Kurdish Vote for Secession Triggers Regional Volatility, Beginning With Oil

Τετ, 27 Σεπτεμβρίου 2017 - 16:31

The Monday referendum confirmed the wide expectation that the Kurdish Regional Government (KRG) of Iraq would be moving towards secession from Iraq and independence. The President of the KRG Masoud Barzani claimed the ‘yes’ vote on Monday’s as a personal victory. In a televised speech, he called on Baghdad and “neighboring countries” to respect the result of the referendum

Iraqi Kurds Shrug Off Threats to Hold Independence Vote

Δευ, 25 Σεπτεμβρίου 2017 - 17:06

Kurds voted in an independence referendum in northern Iraq on Monday, ignoring pressure from Baghdad, threats from Turkey and Iran, and international warnings that the vote may ignite yet more regional conflict

Ford Sets High Expectations for New Model Produced in Craiova

Δευ, 25 Σεπτεμβρίου 2017 - 17:03

US car producer Ford wants to sell over 100,000 units per year from its new Ford EcoSport model, which the company will start producing in its Craiova plant on October 12, reports 0-100.hotnews.ro

EU Commission Pushes Energy Union in Belgium

Δευ, 25 Σεπτεμβρίου 2017 - 17:02

On September 25, European Commission Vice-President for Energy Union Maroš Šefčovič started his second part of the Energy Union Tour to Belgium, this time with a special focus on cities

The Eurozone’s Political Integration is Now Less Likely

Δευ, 25 Σεπτεμβρίου 2017 - 17:01

Sunday’s German elections saw the worst result for the Christian Democrats (CDU) and the Social Democrats (SPD) since 1949. The status quo no longer has the political authority to reform the status quo. Germany has shown it is less exceptional than anyone thought

Albania: Electricity Imports Widen Trade Gap

Παρ, 22 Σεπτεμβρίου 2017 - 20:29

High electricity imports following one of the worst droughts in decades broadened Albania’s trade gap in the first eight months of this year despite exports growing by double digits. A report published by state statistical institute, INSTAT, show Albania’s trade gap expanded to 223 billion lek (€1.64 bln) in the first eight months of this year, up 6.3 percent compare to the same period last year

Germany Will Strive to Save Iran Nuclear Deal

Παρ, 22 Σεπτεμβρίου 2017 - 20:28

Germany’s Foreign Minister Sigmar Gabriel said on September 21 that Berlin will try to persuade the United States not to abandon the Iranian nuclear agreement. Speaking to reporters on the sidelines of a United Nations meeting in New York, Gabriel said any US move to cancel the Iran deal and impose new sanctions on Tehran would discourage powers such as North Korea from negotiating an end to their own nuclear programmes

Statkraft Sells Turkish Cetin Hydro Plant to Limak

Πεμ, 21 Σεπτεμβρίου 2017 - 20:13

Norwegian energy group Statkraft, Europe's largest hydropower producer, sold its one-third built Cetin hydropower plant in Turkey to Turkish Limak Energy, an official from the company said on Thursday. The Norwegian official told Anadolu Agency that the transaction would be completed in the third quarter of this year and will be announced on Oct. 26 with Statkraft's third quarter results

Pirelli Tyres Romania Appoints German CEO

Πεμ, 21 Σεπτεμβρίου 2017 - 20:07

German Wolfgang Meier has taken over as the new CEO of Pirelli Tyres Romania, replacing Italian Giuliano Menassi, who will continue his career within the Pirelli group as R&D Senior Vice President. Menassi had been managing the Romanian plant since April 2014

US Crude Inventories and Production Increase

Πεμ, 21 Σεπτεμβρίου 2017 - 20:06

Crude oil inventories and production in the U.S. increased for the week ending Sept. 15, the Energy Information Administration (EIA) announced Wednesday. Commercial crude stocks rose 4.6 million barrels, or 1 percent, to 472.8 million barrels, the EIA said. This marked the third consecutive weekly increase in commercial crude inventories

EU Facilitates Investments in Energy Efficiency for Public Buildings

Τετ, 20 Σεπτεμβρίου 2017 - 16:01

On September 19, Eurostat, the Statistical Office of the European Commission, published an updated guidance note on the recording of energy performance contracts (EPCs) in government accounts, the European Commission has said

European Investment Grows in Bulgaria

Τετ, 20 Σεπτεμβρίου 2017 - 16:01

Bulgaria’s leading sunflower and oil producer and grain trader has secured a loan agreement with the European Investment Bank. The financing will be used for the construction of a new sunflower oilseed production plant and storage and logistic facilities in the Beloslav municipality near Varna

KRG's Oil Exports Via Turkey May be Halted Due to Vote

Τρι, 19 Σεπτεμβρίου 2017 - 19:11

Iraqi Kurdish Regional Government's (KRG) economic power, propelled by oil exports via Turkey, is potentially at risk if the KRG's capital and seat of power Erbil insists on independence considering Ankara's objection to the referendum, Volkan Ozdemir, head of the Institute for Energy Markets and Policies (EPPEN) told Anadolu Agency (AA)