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Sinopec Spends CNY30 Bln a Year to Improve Fuel Quality

Sinopec Spends CNY30 Bln a Year to Improve Fuel Quality

Δευ, 4 Φεβρουαρίου 2013 - 16:48

China Petrochemical Corp., known as Sinopec Group, is spending around 30 billion yuan ($4.8 billion) a year to improve the quality of its oil products, state television reported citing the group's chairman.

Eni Sees 2013 Algeria Gas Output Up After New Gas Field Start

Eni Sees 2013 Algeria Gas Output Up After New Gas Field Start

Δευ, 4 Φεβρουαρίου 2013 - 16:48

Eni SpA (E), Italy's biggest energy company by market value, Monday said it has started natural gas production from the Menzel Ledjmet East field in Algeria, and predicts the development will boost its daily output to 100,000 barrels of oil equivalent this year in the North African country.

Saudi Aramco Shuts Riyadh Refinery for Maintenance

Saudi Aramco Shuts Riyadh Refinery for Maintenance

Δευ, 4 Φεβρουαρίου 2013 - 16:48

State-oil giant Saudi Arabian Oil Co., or Saudi Aramco, Monday said it shut its 124,000 barrels per day refinery in Riyadh for a month for planned maintenance.

Enel Green Power: 19 New PV Plants in Greece for a Combined 42 MW

Enel Green Power: 19 New PV Plants in Greece for a Combined 42 MW

Δευ, 4 Φεβρουαρίου 2013 - 13:52

Enel Green Power (EGP) is strengthening its position in the Greek solar power sector through the entry into service of 19 new photovoltaic plants, the last of those envisaged for the country within the framework of EGP’s 2012-2016 business plan.

Cyprus Pins Hopes on Gas Exports With LNG terminal

Cyprus Pins Hopes on Gas Exports With LNG terminal

Δευ, 4 Φεβρουαρίου 2013 - 13:20

Cyprus is pressing ahead with plans to construct a terminal to liquefy natural gas off its southern coast and could be in a position to export LNG to Europe by 2019, the head of its national hydrocarbons company said.

Merkel Says Renewables Changes Shouldnt Be Election Issue

Merkel Says Renewables Changes Shouldn't Be Election Issue

Παρ, 1 Φεβρουαρίου 2013 - 17:04

German Chancellor Angela Merkel said Friday the costs of the country's planned switch to renewable energy sources and rising energy prices shouldn't become a political issue as the country moves toward an election campaign.

Rosneft 4Q Net Profit RUB57 Bln; Below Forecast

Rosneft 4Q Net Profit RUB57 Bln; Below Forecast

Παρ, 1 Φεβρουαρίου 2013 - 17:03

Russian oil giant OAO Rosneft (ROSN.RS) Friday posted a net profit of 57 billion Russian rubles ($1.9 billion) in the fourth quarter of 2012, coming in below analysts' forecasts.

Rosneft Signs $15 Bln Crude Oil Supply Deal With Poland

Rosneft Signs $15 Bln Crude Oil Supply Deal With Poland

Παρ, 1 Φεβρουαρίου 2013 - 17:03

Russian state-run oil company Rosneft (ROSN.RS) said Friday that it has signed a $15 billion deal to supply Poland with 6 billion tons of crude oil a year through January 2016 through the Druzhba pipeline.

Naftogaz Officials to Head to Moscow for Gas Contract Talks

Naftogaz Officials to Head to Moscow for Gas Contract Talks

Παρ, 1 Φεβρουαρίου 2013 - 17:02

Officials from Ukraine's state energy company Naftogaz will head to Moscow next week to try to resolve a dispute over a $7 billion bill it received from Russia's OAO Gazprom (GAZP.RS) for gas Ukraine didn't take in 2012, news agency Interfax cites Russia's ambassador in Kiev as saying Friday.

Suntech Powers Largest Solar PV System in Saudi Arabia

Suntech Powers Largest Solar PV System in Saudi Arabia

Πεμ, 31 Ιανουαρίου 2013 - 17:22

Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's largest solar companies, announced the completion of the largest ground mounted PV system in the Kingdom of Saudi Arabia. The 3.5 megawatt (MW) system is owned by Saudi Aramco and installed on the grounds of the King Abdullah Petroleum Studies and Research Center (KAPSARC), the world's largest energy research center, in Riyadh

Angolas 2013 Oil Output to Rise above 1.8 MBPD - IMF

Angola's 2013 Oil Output to Rise above 1.8 MBPD - IMF

Πεμ, 31 Ιανουαρίου 2013 - 17:20

Angola's oil production is projected to grow around 4% to more than 1.8 million barrels a day this year, the International Monetary Fund said in a statement Wednesday following a visit to the West African country.