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Bulgaria-Romania Gas Link to Go into Operation in March

Παρ, 10 Ιανουαρίου 2014 - 13:33

The gas interconnector between Bulgaria and Romania is expected to be completed and go into operation by the end of March, Bulgartransgaz said.

Petroceltic, Will Invest $4 million in Bulgaria

Παρ, 10 Ιανουαρίου 2014 - 13:22

Irish oil and gas exploration and production company Petroceltic International said it will invest $4 million in Bulgaria this year.

Austria’s Egger has Completed a 83MW Romanian Biomass Plant

Παρ, 10 Ιανουαρίου 2014 - 13:20

Austria’s Egger, the wood processor, has completed a 83MW biomass plant at its site in Romania's Radauti, Suceava County, following a EUR 35 million investment, reports business daily Ziarul Financiar.

Libya Vows To Stop Rebel Plan To Sell Oil

Πεμ, 9 Ιανουαρίου 2014 - 18:32

The Libyan government and a rebel group stepped up rhetoric on Wednesday as Tripoli responded to a vow by dissidents to sell oil with a threat to sink their cargoes.

Statoil: Kristin Gas Export Project to Be Terminated

Πεμ, 9 Ιανουαρίου 2014 - 18:32

Norwegian oil company Statoil ASA (STO) said Thursday that the partners in the Kristin gas export project have decided to terminate the project due to unsustainable economics caused by increased investment costs and increased risk to volume availability.

Romania to List Hidroelectrica and Electrica in June

Πεμ, 9 Ιανουαρίου 2014 - 18:32

Romanian state-run energy companies Hidroelectrica and Electrica will be floated in June at both the Bucharest and the London stock exchanges, Minister Delegate for Energy Constantin Nita told news agency Mediafax.

China Makes More Gasoline, Less Diesel as Auto Sales Rise

Πεμ, 9 Ιανουαρίου 2014 - 18:31

Prompted by accelerating auto sales, China's oil refiners are ramping up gasoline output at the expense of diesel.

Alstom Announces Deal to Build Israeli Power Storage Plant

Πεμ, 9 Ιανουαρίου 2014 - 18:31

French engineering group Alstom SA (ALO.FR) has won a contract valued at 120 million euros ($163 million) to build Israel's first hydroelectric storage facility, the company said Thursday.

Oil-Tanker Charter Data Show Shift to China

Τετ, 8 Ιανουαρίου 2014 - 18:28

Steady energy demand in the world's second-largest oil-consuming country has been a saving grace for the oil-tanker market, with much of the credit going to one Chinese oil trader: China International United Petroleum & Chemicals Co., better known as Unipec.

A Rusty Outlook for Iron Ore

Τετ, 8 Ιανουαρίου 2014 - 18:28

Iron ore may have outperformed other commodities last year with record exports from Australia, but the price of the metal used to make steel looks set to decline this year as China's growth slows.

Brazil's Petrobras Raised About EUR3.8 Billion in Bond Sale

Τετ, 8 Ιανουαρίου 2014 - 18:27

Brazil's state-run oil firm Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Tuesday evening it raised the equivalent of EUR3.8 billion through the sale of bonds denominated in euros and pounds sterling.

Libya Rebel Group Calls on Tankers to Load Oil from Occupied Port

Τετ, 8 Ιανουαρίου 2014 - 18:27

A Libyan rebel group is escalating a standoff with Tripoli by calling on tanker owners to lift oil at a port it has occupied and ignore a central government ban on such loading.

Turkey Says Halkbank to Keep Mediating Iran Oil Payments

Τετ, 8 Ιανουαρίου 2014 - 18:26

Turkey said Wednesday that the state-owned Halkbank, whose chief executive was rounded up in a sweeping corruption investigation, would continue to handle payments for energy imports from neighboring Iran.

Energy Regulator Gives Nod to NEK, ESO Split-up

Τετ, 8 Ιανουαρίου 2014 - 13:31

The Bulgarian energy regulator has given its approval to the split-up of state-owned electricity company NEK and Electricity System Operator (ESO), a notice on the watchdog’s website indicated.

EDF's 2013 French Nuclear Power Output Falls Slightly

Τρι, 7 Ιανουαρίου 2014 - 19:14

French state-owned power utility Electricte de France SA (EDF.FR), or EDF, said its nuclear energy output in 2013 was slightly lower than in the previous year as its power plants were closed for more days for maintenance.

Rouhani Defends Iran Nuclear Deal Against Hardliners

Τρι, 7 Ιανουαρίου 2014 - 19:13

Iran's President Hassan Rouhani Tuesday defended a landmark nuclear deal with world powers that promises modest sanctions relief, saying his government didn't fear "the few" domestic critics.