English Edition

China to Spend $500 Billion a Year on Oil Imports by 2020

Τετ, 21 Αυγούστου 2013 - 15:29

China's crude-oil imports will grow significantly to touch $500 billion a year by 2020, compared with the $160 billion a year the U.S. is expected to spend by 2020, consulting firm Wood Mackenzie said late Tuesday.

Japan, Korea Trade Oil on Arctic Route

Τετ, 21 Αυγούστου 2013 - 15:29

Japan and South Korea have begun commercial shipping of oil products along a seldom used route through the Arctic's melting ice, lending credibility to a new frontier in global trade that promises to slash shipping costs while averting the geopolitical risks associated with ferrying cargo through the Suez Canal.

Saudi Urges World Support For Stability in Egypt

Τετ, 21 Αυγούστου 2013 - 15:28

Saudi Arabia on Wednesday urged world support for the bid by Egypt's interim government to achieve "stability" in the country, and not to hamper its efforts.

Vestas Ousts Chief Executive

Τετ, 21 Αυγούστου 2013 - 15:28

Vestas Wind Systems A/S (VWS.KO) Wednesday named Anders Runevad as chief executive, replacing long-standing CEO Ditlev Engel, in the latest upheaval in the boardroom of the unprofitable Danish wind-turbine maker, the world's biggest by sales.

Woodside Opts for Floating Technology at Australia Gas Field

Τρι, 20 Αυγούστου 2013 - 15:31

Woodside Petroleum Ltd. (WPL.AU) Tuesday said it wants to develop a huge natural gas field offshore Australia using a vessel that can process gas at sea, in a potentially cheaper but risky move as the technology has yet to be deployed anywhere in the world.

Transgaz, OMV Lend EUR7.5M to Nabucco International - Mediafax

Τρι, 20 Αυγούστου 2013 - 15:31

Romanian state-run natural gas transporter Transgaz Medias SA (TGN.RO) and Austrian oil and gas company OMV AG (OMV.VI) will provide a loan of up to 7.5 million euros ($10 million) to Nabucco Gas Pipeline International so that the latter doesn't go insolvent, news agency Mediafax reports.

Tepco Says 300 Tons of Contaminated Water Leaked from Fukushima Tank

Τρι, 20 Αυγούστου 2013 - 15:30

Some 300 tons of highly radioactive water has leaked from a storage tank at the Fukushima Daiichi nuclear plant, operator Tokyo Electric Power Co. (9501.TO) said Tuesday, the worst such spill since the plant suffered a triple meltdown two years ago.

Iraq Earns $7.27 Billion from Oil Sales in July Vs $6.80B in June - Oil Ministry

Τρι, 20 Αυγούστου 2013 - 15:30

Iraq has earned some $7.272 billion from oil sales in July, compared with $6.799 billion the previous month due to increase in oil prices, the Iraqi oil ministry said in a statement Tuesday.

Iran Says it Has About 18,000 Nuclear Centrifuges

Δευ, 19 Αυγούστου 2013 - 15:42

Iran has about 18,000 centrifuges, including 10,000 active ones, the departing head of the country's atomic agency said Saturday, confirming figures from the U.N. watchdog overseeing its disputed nuclear drive.

Iran's Bank Mellat Seeks GBP500M in U.K. Damages After Sanctions Ruling

Δευ, 19 Αυγούστου 2013 - 15:41

Iran's Bank Mellat is claiming GBP500 million ($782 million) from the U.K. Treasury after a London court ruled against a British decision to sanction the bank, a defense lawyer said Sunday.

OMV Buys Oil and Gas Field Assets from Statoil for $2.65 Billion

Δευ, 19 Αυγούστου 2013 - 15:41

Austrian oil and gas company OMV AG (OMV.VI) Monday said it has agreed to buy stakes in oil and gas fields in Norway and the U.K. from Norway's Statoil ASA (STL.OS) for $2.65 billion.

Yemen Qualifies 18 Foreign Oil Firms to Bid for 20 Blocks

Δευ, 19 Αυγούστου 2013 - 15:40

Yemen's oil ministry has qualified 18 international oil companies, including France's Total SA (TOT) and Norway's DNO International ASA (DNO.OS), to bid for 20 onshore and offshore blocks in its sixth auction aimed at boosting the country's hydrocarbon output through foreign investments.

Egypt Closes Rafah Crossing After Sinai Attack - Border Official

Δευ, 19 Αυγούστου 2013 - 15:40

Egypt closed its Rafah border crossing in Sinai with the Palestinian Gaza Strip on Monday after a deadly attack nearby that killed 24 policeman, a border official told AFP.