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Total To Start Drilling in Cyprus in Mid 2015

Total To Start Drilling in Cyprus in Mid 2015

French company Total expects to start drilling in Cyprus’ Exclusive Economic Zone (EEZ) in mid 2015, Managing Director of Total E & P Cyprus Jean-Luc Porcheron has said.

Qatar Petroleum Purchases 25% in Greeces Heron II

Qatar Petroleum Purchases 25% in Greece's Heron II

Qatar Petroleum International (QPI) on Wednesday paid Greece's GEK Terna $48 million for a 25 percent stake in Heron II, making the Qatari state company the third partner in the thermoelectric power plant in Viotia, central Greece.

Bulgaria Weighs Dependence on Russian Energy

Bulgaria Weighs Dependence on Russian Energy

Bulgaria, heavily dependant on Russia for gas and oil, will estimate its own reserves and seek alternatives to cope with any worsening of the Ukrainian crisis, it said on Tuesday.

Turkish Power Producer Aksa Enerji Turns to Cons Net Loss in 2013

Turkish Power Producer Aksa Enerji Turns to Cons Net Loss in 2013

Turkish independent power producer Aksa Enerji [BIST:AKSEN] said it turned to a consolidated net loss of 133 million Turkish lira ($60 million/44 million euro) in 2013 against a profit of 220 million lira a year earlier.

Turkeys Thermal Coal Imports in January Rose to the Highest in Three Months

Turkey's Thermal Coal Imports in January Rose to the Highest in Three Months

Turkey's thermal coal imports in January rose to the highest in three months, gaining 36.2% on the year to 2.080 million mt with Colombian volumes displacing Russian imports as the country's main supplier of the fuel, according to data from the Turkish Statistical Institute (TUIK) published Monday.

Westinghouse Enhances Safey at Slovenias Nuclear Power Plant

Westinghouse Enhances Safey at Slovenia's Nuclear Power Plant

Westinghouse Electric Company has successfully completed the installation of a fully passive containment filtered venting system at the Nuklearna Elektrarna Krško Nuclear Power Plant located in Slovenia. This system enhances safety in the area of severe accident management and was required by the Slovenian Nuclear Safety Administration (SNSA) following the March 2011 Fukushima Daiichi nuclear power station accident in Japan.

Greek PPC Offers Electricity Discount to Industries

Greek PPC Offers Electricity Discount to Industries

Greek electricity powerhouse, PPC, decided today to offer discounts on the price of electricity it charges to its industrial customers. The company’s general meeting was held today in Athens and the shareholders proposed a 10% reduction in the price for the high voltage market.

Romanian Natgas Producer Romgaz 2013 Net Profit Falls 16.8%

Romanian Natgas Producer Romgaz 2013 Net Profit Falls 16.8%

The net profit of Romanian natural gas producer Romgaz [BSE:SNG] dropped to a preliminary 930.7 million lei ($281.9 million/206 million euro) in 2013 from 1.1 billion lei a year earlier, the company said on Thursday.

Turkey’s Energy Min Says TANAP to Be Nationalised

Turkey’s Energy Min Says TANAP to Be Nationalised

The nationalisation of the Trans Anatolian Natural Gas Pipeline (TANAP) project to transport Azeri natural gas to Europe through Turkey has been proposed to Turkey’s cabinet, local media reported on Wednesday, citing energy minister Taner Yildiz.

Iranian Natural Gas Price Offers Too High for Turkey

Iranian Natural Gas Price Offers Too High for Turkey

Iranian price offers for natural gas are still too high even if Ankara doubles the purchase volume as Iranians suggested, says Turkish Energy Minister Taner Yildiz.