English Edition

Bulgaria President Calls May Election After Protests

Πεμ, 28 Φεβρουαρίου 2013 - 18:47

Bulgaria's president on Thursday called for a new political culture that would prevent citizens being "robbed" and "lied to" as he named an election date of May 12 to try to stem a surge of popular discontent. Prime Minister Boiko Borisov quit last week after nationwide protests against high electricity prices - the final straw to many citizens in the European Union's poorest country, who have begun to despair of any improvement in living standards or governance

Iran Upbeat on Nuclear Talks, West Still Wary

Πεμ, 28 Φεβρουαρίου 2013 - 18:43

Iran was upbeat on Wednesday after talks with world powers about its nuclear work ended with an agreement to meet again, but Western officials said it had yet to take concrete steps to ease their fears about its atomic ambitions. Rapid progress was unlikely with Iran's presidential election, due in June, raising domestic political tensions, diplomats and analysts had said ahead of the Feb. 26-27 meeting in the Kazakh city of Almaty, the first in eight months

Bulgaria Parliament Readies Power Price Cuts to Soothe Anger

Τετ, 27 Φεβρουαρίου 2013 - 19:15

Bulgaria's parliament moved to cut electricity prices on Wednesday, an attempt to defuse public anger that forced the government out which risked undermining attempts to keep the economy on an even keel. Adding to a sense of political limbo the European Union's poorest state, outgoing Prime Minister Boiko Borisov has been hospitalized with high blood pressure, before an interim government is appointed to take the country to early elections

Norway Ups Oil, Gas Estimates in Artic Areas by 2.5 Billion Barrels

Τετ, 27 Φεβρουαρίου 2013 - 19:09

Norwegian oil officials Wednesday boosted the nation's estimate of undiscovered oil and gas by about 2.5 billion barrels of oil equivalent, or 15%, most of it gas in an area formerly disputed with Russia. The estimates were based on data gathered in the southeastern Barents Sea and around Jan Mayen, where Russia and Iceland have already awarded several licenses

Iran's Jalili Calls Nuclear Talks 'Positive'; Iran, P5+1 Agree on Follow-up Discussions

Τετ, 27 Φεβρουαρίου 2013 - 18:48

Iran's top nuclear negotiator called two days of talks on the country's nuclear program "positive" and described a new offer from six international powers as a move toward Tehran's position--but Western officials cautioned Wednesday no major progress was made and urged Iran to deliver on "results."

Gazprom Signs Deal to Market Israel's Tamar LNG Project

Τρι, 26 Φεβρουαρίου 2013 - 17:01

OAO Gazprom (GAZP.RS) has signed a deal to market liquefied natural gas (LNG) from the Tamar floating LNG project in Israel, the Russian gas giant said in a statement Tuesday. Gazprom Marketing & Trading Switzerland signed heads of agreement for exclusive offtake from the Tamar project for 20 years with Levant LNG Marketing Corporation

Nuclear Talks Between Iran and Six Major Powers Have Resumed

Τρι, 26 Φεβρουαρίου 2013 - 16:54

Nuclear talks between Iran and six major powers resumed Tuesday for the first time since last June, with the international community presenting a new proposal to Tehran and underlining the "urgent need" for progress. The talks in Kazakhstan's largest city aren't expected to achieve a decisive breakthrough in the decade-long stalemate between the West and Tehran over its nuclear ambitions, according to U.S. and European officials involved in the diplomacy

IEA Calls For Asian Natural Gas Trading Hub; Singapore Well-Placed

Τρι, 26 Φεβρουαρίου 2013 - 16:53

In order to ease Asia's high natural gas prices, the region should work to develop a trading hub and facilitate a market in which they better reflect supply and demand fundamentals, the chief of the International Energy Agency said Tuesday. Governments in the region need to work to allow markets to decide natural gas prices with minimal interference and through price deregulation, while also meeting institutional requirements to attract new market participants, Maria van der Hoeven, IEA executive director told a Tokyo conference

Gazprom Neft Takes 80% Stake in Kurdistan Project

Τρι, 26 Φεβρουαρίου 2013 - 16:49

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian state energy giant OAO Gazprom (GAZP.RS), has entered a third project in the semi-autonomous Kurdistan region, the company's deputy chief executive was cited as saying Tuesday, brushing aside concerns that it could harm relations with Iraq's central government

US Official: Hope for New Iran Discussions After Almaty Talks

Δευ, 25 Φεβρουαρίου 2013 - 19:09

The U.S. hopes nuclear talks this week between Iran and six international powers will be the start of stepped-up talks with Tehran including a follow-up meeting at expert level in the coming weeks, U.S. officials said Monday. The U.S. is "very much ready to step up the pace" of talks including at bilateral level, an official said. "There is still time for diplomacy though that time is not indefinite," the person said on the eve of a new round of negotiations with Iran in Almaty, Kazakhstan

Party's Over - Νew Cyprus President Eyes Credibility, Germany Ties

Δευ, 25 Φεβρουαρίου 2013 - 18:56

In what was probably the most short-lived victory celebration in Cyprus history, president-elect Nicos Anastassiades wrapped up a six month long campaign with two speeches and a short press briefing on Sunday night, ready to start work on a multi-billion euro bailout from Eurozone partners and the IMF

China, Russia Move Step Closer to Operating Tianjin Refinery

Δευ, 25 Φεβρουαρίου 2013 - 18:36

China and Russia have moved closer to a final agreement that would see Russian crude oil supplied to a refinery in the Chinese port city of Tianjin. The deal would boost Russian supplies to China by more than a third and is in line with a commitment earlier this month by the two sides to increase deliveries from the world's second-largest oil producer to the second-largest consumer

Crude Futures Up but Further Correction May Be On the Way

Δευ, 25 Φεβρουαρίου 2013 - 18:33

Crude oil futures were trading higher Monday morning, but several factors suggest that a further correction is possible after sharp falls last week. At 0947 GMT, the April Brent contract on London's ICE futures exchange was at $114.95 a barrel, up 85 cents, or 0.7%. Nymex light, sweet crude for April delivery was up 53 cents, or 0.6%, at $93.66 a barrel

Russia's Medvedev in Cuba for Trade, Energy Talks

Παρ, 22 Φεβρουαρίου 2013 - 14:13

Russian Prime Minister Dmitry Medvedev met with Cuban President Raul Castro for trade and energy talks as he kicked off a three-day visit to the communist island.

S Korea Imported 5.896 Mln Bbl Iranian Crude in January, Down 16.1% on Year -Knoc

Παρ, 22 Φεβρουαρίου 2013 - 14:12

South Korea imported 5.896 million barrels of Iranian crude oil in January, a 16.1% drop from a year earlier, preliminary data from the state-run Korea National Oil Corp. showed Friday.

OMV Petrom, Repsol Ink Deal for Deep Onshore Exploration In Romania

Παρ, 22 Φεβρουαρίου 2013 - 14:12

Romania's leading oil group OMV Petrom (SNP.RO) and Spanish peer Repsol SA (REP.MC) have reached an agreement for the joint exploration of four onshore blocks in the southern and eastern Carpathian Mountains in Romania, news agency Mediafax reports Friday.