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Japan, Turkey Agree on Trade, Nuclear Power Tie-Ups

Τρι, 7 Ιανουαρίου 2014 - 19:13

Turkish Premier Recep Tayyip Erdogan met his Japanese counterpart Shinzo Abe for free trade talks Tuesday, as pressure mounted at home over a corruption scandal in which hundreds of police officers were fired.

TAP and Greece Bulgaria Interconnector ICBG Signed MOUC Establishing Technical Cooperation

Τρι, 7 Ιανουαρίου 2014 - 15:29

The Trans Adriatic Pipeline AG (TAP) and Interconnector Greece-Bulgaria (ICGB) – the company in charge of the development, financing and construction the Interconnector Greece-Bulgaria (IGB) – have signed a Memorandum of Understanding and Cooperation (MOUC) aimed at establishing the technical cooperation in order to further develop strategic infrastructure in the region.

Shell Completes Repsol Deal

Δευ, 6 Ιανουαρίου 2014 - 13:37

Oil major Royal Dutch Shell PLC said Thursday it has completed the acquisition of Repsol SA's liquefied natural gas portfolio outside North America for $3.8 billion net, slightly lower than the $4.4 billion originally agreed on last February.

Egypt Death Toll Rises After Security Forces Break Up Rallies

Δευ, 6 Ιανουαρίου 2014 - 13:36

At least 11 people were killed when security forces broke up several protests throughout Egypt against the military regime's designation of the Muslim Brotherhood as a terrorist organization, state media reported on Friday.

Iran Ready To Help Iraq Battle Qaeda - Military Chief

Δευ, 6 Ιανουαρίου 2014 - 13:36

Iran's deputy chief of staff General Mohammad Hejazi said Sunday the Islamic republic was prepared to provide military equipment and advice to Iraq to help it battle Al-Qaeda.

Israel's Leviathan Signs $1.2B Deal With Palestinian Power Company

Δευ, 6 Ιανουαρίου 2014 - 13:35

The partners in a large offshore Israeli gas field said Sunday they have signed an agreement to sell natural gas to Palestine Power Generation Co., the first export deal to be signed in the growing Israeli energy sector.

Uganda Says Evaluating Applications for Ten Oil Fields

Δευ, 6 Ιανουαρίου 2014 - 13:35

The Ugandan government said Monday it had received applications for the development of ten oil fields in the Lake Albertine Rift Basin, as the East African nation continues efforts to commercialize its vast oil fields.

Cameroon's 2013 Crude Oil Exports Up Over 11% -SNH

Δευ, 6 Ιανουαρίου 2014 - 13:35

Though a small crude oil producer, Cameroon saw its crude oil exports rise in 2013, according to a statement issued Monday by the state-run National Hydrocarbons Corporation, or SNH.

Romania Awards Lukoil Energy & Gas Permit to Build Solar Park

Δευ, 6 Ιανουαρίου 2014 - 10:26

The Romanian energy regulator, ANRE, has awarded Lukoil Energy&Gas Romania a permit to build a solar park in the country, Bucharest-based media reported.

Bulgaria's Lukoil Neftochim Burgas Received a Credit Line of EUR 420 million

Δευ, 6 Ιανουαρίου 2014 - 09:43

The largest company in Bulgaria in terms of income - Lukoil Neftochim Burgas - received a credit line at the amount of EUR 420 million (USD 576 million) from several European banks, the Italian Export Credit Agency (SACE) announced.

Turkey Adds 6,986 MW of Power Capacity in 2013

Παρ, 3 Ιανουαρίου 2014 - 18:54

As many as 222 power plants with a combined capacity of 6,986 megawatts (MW) were installed in Turkey in 2013, data from the country's energy ministry showed

Lukoil's Bulgarian Refinery Gets 420 mln Euro Loan for Upgrades

Παρ, 3 Ιανουαρίου 2014 - 18:53

Bulgarian oil refinery Lukoil Neftochim Burgas, a subsidiary of Russian oil company Lukoil, has received a 420 million euro ($576 million) credit line from several European banks to finance upgrades, Italy's export credit agency said on Thursday

Talks Don't Halt South Sudan Conflict

Παρ, 3 Ιανουαρίου 2014 - 18:49

South Sudan's warring parties began talks Friday with mediators in Ethiopia, as both sides ignored calls for a cease-fire. Negotiators met separately with representatives from the regional trade block, known as the Inter-Governmental Authority on Development, or IGAD in Addis Ababa. These preliminary talks aim to narrow differences that have led to clashes killing more than 1,000 people and displacing nearly 200,000

Oil Futures Weaken on Expectations of High Supply

Παρ, 3 Ιανουαρίου 2014 - 18:47

Oil futures edged lower Friday on expectations that booming U.S. production would lead to a buildup in supplies this month. Light, sweet crude for February delivery fell 14 cents, or 0.1%, to $95.30 a barrel on the New York Mercantile Exchange. Brent crude on ICE Futures Europe recently traded up 9 cents, or 0.1%, at $107.87 a barrel

RWE CEO Wants Permission to Raise Capital If Needed

Πεμ, 2 Ιανουαρίου 2014 - 18:50

RWE AG (RWE.XE) Chief Executive Peter Terium is seeking permission from shareholders to raise capital by up to 10%, should the need arise, the daily Handelsblatt reports Thursday, citing persons close to the supervisory board. He is likely to meet with resistance from within the ranks of shareholders, the article states

Oil Exports Loom Large

Πεμ, 2 Ιανουαρίου 2014 - 18:22

The U.S. virtually banned the export of crude oil in the wake of the mid-1970s energy crisis. But as America pumps more crude, 2014 could be the year those constraints are lifted. For decades, even discussing the possibility of exporting domestic oil was a nonstarter in Washington. Now, surging U.S. production has led to the beginning of a glut along the Gulf Coast, home to the largest refinery complex in the world. Too much crude is driving down prices, making producers eager to export oil to places like Europe where prices are higher