English Edition

Putin Orders to Begin Withdrawal of Russian Forces from Syria Starting March 15

Τρι, 15 Μαρτίου 2016 - 13:07

Russian President Vladimir Putin has issued an order to begin withdrawal of Russian forces from Syria starting from March 15. "I think that the tasks set to the defense ministry aregenerally fulfilled. That is why I order to begin withdrawal of most of our military group from Syria starting from tomorrow," Putin said on Monday

IEA Sees Signs Oil Prices Might Have Bottomed Out

Παρ, 11 Μαρτίου 2016 - 19:19

Crude-oil prices may have "bottomed out” as Iran’s return to the market has been less dramatic than the country promised, and OPEC production fell in February, the International Energy Agency said on Friday

5 Years After Fukushima Disaster, the Commission Clears EDF – CGN Nuclear Partnership

Παρ, 11 Μαρτίου 2016 - 19:19

A discussion over decommissioning funds was raised during the Midday briefing, as the European Commission announced the approval of merger between Électricité de France (‘EDF’) of France and China General Nuclear Power Group (‘CGN’) of China in relation to the development, construction and operation of three nuclear power plants in the UK at Hinkley Point, Sizewell and Bradwell

TAP Awards Onshore Construction Contracts for Albanian and Greek Pipeline Sections

Δευ, 7 Μαρτίου 2016 - 16:48

The Trans Adriatic Pipeline AG (TAP) has awarded the contracts for the engineering, procurement and construction (EPC) of approximately 760km of cross-country onshore pipeline - 48 inches (1.2m) in diameter - in Greece and Albania. TAP’s construction is split into five lots (or sections) – three lots in Greece and two lots in Albania

Japanese Group Could Buy Romanian Electric Motor Producer

Δευ, 7 Μαρτίου 2016 - 16:47

Romanian businessman George Copos, the owner of two Bucharest hotels and several other companies, is negotiating the sale of the electric motor producer Ana Imep to the Japanese company Nidec Motor Corporation, according to market sources cited by local Mirsanu.ro

Energy Minister: Russia Ready to Host Meeting of Oil Producing Countries

Δευ, 7 Μαρτίου 2016 - 16:46

Russia is ready to host the meeting of oil-producing countries to discuss the stabilization of production, but the final decision on the place and date of the talks is yet to be made, Energy Minister Alexander Novak said in an interview with the Rossiya 24TV channel

Romania’s Proven Natural Gas Reserves Will Run Out in 15-20 Years

Τρι, 1 Μαρτίου 2016 - 18:47

The current natural gas reserves amount to 101.37 billion cubic meters (bcm). At the current production level and replacement rate, reserves could last for another 15-20 years, reports local Economica.net

Lithuania, Slovenia Agree that Nord Stream 2 Gas Pipeline, Russia Plans to Build, Would Divide Europe

Τρι, 1 Μαρτίου 2016 - 18:46

Lithuania and Slovenia agree that the Nord Stream 2 gas pipeline Russia plans to build would shatter the European Union's unity and distort competition on the European gas market, the Lithuanian President's Office reported LETA/BNS

Iran Says Oil Exports Still Constrained Post-Sanctions

Τρι, 1 Μαρτίου 2016 - 18:41

Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship insurance difficulties, a senior Iranian oil official said, despite seeing a "tangible" rise in shipments this month

Bulgaria Considers Israel to Be Potential Gas Source - Deputy PM

Παρ, 26 Φεβρουαρίου 2016 - 19:24

Bulgarian Deputy Prime Minister Tomislav Donchev has told an Israeli economic official that Sofia deems the Middle Eastern country a potential source of gas supplies

Global Wind Power Surpasses for the First Time Nuclear Energy

Παρ, 26 Φεβρουαρίου 2016 - 19:23

For the first time in history the capacity of wind power generation surpassed nuclear energy, according to data released by global industry bodies. According to the Global Wind Energy Council, wind power generation worldwide reached 432.42 gigawatts (GW) at the end of 2015 while the global nuclear power generation capacity was 382.55 gigawatts as of Jan. 1, 2016, according to the London-based World Nuclear Association said

Gazprom, DEPA, and Edison Sign MOU for the Development of the ITGI-Poseidon Project

Παρ, 26 Φεβρουαρίου 2016 - 19:21

On February 25, 2016, in Rome Alexey Miller, Chairman of the Gazprom Management Committee, Marc Benayoun, Chief Executive Officer of Edison SpA and Theodoros Kitsakos, Chief Executive Officer of DEPA SA, signed the "Memorandum of Understanding in relation to gas supplies from Russia across the Black sea through third countries to Greece and from Greece to Italy” to develop a gas pipeline project between Greece and Italy, enabling the realization of a southern route for the Russian gas supply to Europe

International Tax Reforms Do Not Go Far Enough, Says Lagarde

Τρι, 23 Φεβρουαρίου 2016 - 16:06

Speaking in Abu Dhabi today, shortly after being confirmed as the IMF chief for a second term, Lagarde said the OECD’s BEPS project, an effort to overhaul the global tax architecture and close loopholes used by multinational companies to shirk their tax dues, does not go far enough in creating an effective international tax system – a "key ingredient” of a successful 21st century economy