English Edition

Libya to Supply Oil on Credit to Troubled Egypt - Official

Τετ, 27 Μαρτίου 2013 - 17:46

Libya plans to supply 1 million barrels of oil a month to Egypt on credit, Libya's deputy oil minister said Wednesday, a move that could offer relief from fuel shortages that have recently afflicted the embattled Egyptian economy.

Bulgaria to Suspend Some 40% of Solar, Wind Power Plants

Τετ, 27 Μαρτίου 2013 - 12:23

The Bulgarian authorities will suspend the operations of 40% of solar and wind power plants due to non-compliance, the country’s energy ministry said on Tuesday.

Iraq's Oil Production Capacity Seen Rising to 4.5M B/D by 2014 -Official

Τρι, 26 Μαρτίου 2013 - 18:12

Iraq's crude oil production is expected to rise to 4.5 million barrels a day by the end of next year, a senior Iraqi oil official said Monday.

Saudi's Naimi Says Crude Price of Around $100/B Is Reasonable

Τρι, 26 Μαρτίου 2013 - 18:12

Crude prices of around $100 a barrel are resonable for both consumers and producers, the oil minister of top oil exporter Saudi Arabia said Monday.

Shell: Gets Chinese Approval On Shale Gas Project

Τρι, 26 Μαρτίου 2013 - 18:11

Royal Dutch Shell PLC said Tuesday it had received approval from the Chinese government for its first shale gas production-sharing contract in China, a significant milestone as China looks to tap potentially massive unconventional gas reserves and achieve ambitious shale gas production targets.

Saudi Says Busted Spy Cell Directly Linked to Iran

Τρι, 26 Μαρτίου 2013 - 18:11

An alleged spy cell dismantled last week in Saudi Arabia had "direct links" to Iran's intelligence services, the kingdom's interior ministry said on Tuesday.

Rosneft Approves Loan of up to around $10 Billion from TNK-BP

Τρι, 26 Μαρτίου 2013 - 18:11

Russian state-owned oil giant Rosneft (ROSN.RS) said Tuesday its board of directors has approved a potential loan worth up to around $10 billion from TNK-BP, a joint-venture recently acquired by the Russian oil major, for a period of five years.

Enel CEO: More Interested in Buying TAP Pipeline Gas Than Stake in Project

Τρι, 26 Μαρτίου 2013 - 18:10

Italian utility Enel SpA (ENEL.MI) is more interested in buying the Caspian natural gas that will be carried by the planned Trans Adriatic Pipeline than in acquiring a stake in the project, the company's chief executive said Tuesday.

Albanian Parliament Ratifies Intergovernmental Agreement on the Trans Adriatic Pipeline

Τρι, 26 Μαρτίου 2013 - 12:19

On March 25, 2013 the Albanian Parliament unanimously ratified the Intergovernmental Agreement (IGA) between Albania, Italy and Greece on the construction and operation of the Trans Adriatic Pipeline (TAP) project. Signed in Athens on February 13, 2013, the tri-lateral IGA confirmed the three host countries’ support for TAP and their cooperation for the project’s timely implementation.

Trans Adriatic Pipeline Completes Front End Engineering Design

Τρι, 26 Μαρτίου 2013 - 12:18

TAP has reached another significant milestone in the project development by completing the Front End Engineering Design (FEED) stage. This prepares the natural gas pipeline project for the next steps including detailed engineering, start of tendering for steel pipes and construction services.

Cyprus Could Drive Oil Down To $105 -SEB

Παρ, 22 Μαρτίου 2013 - 18:18

Problems in Cyprus, where a bailout deal has yet to be reached, could push crude oil futures further down, says Filip Petersen of SEB Commodity Research.

Gazprom, CNPC Discuss Advance Payments For Gas Via Eastern Route

Παρ, 22 Μαρτίου 2013 - 18:17

Russia's state-run gas company, OAO Gazprom (GAZP.RS), is in discussions with the China National Petroleum Corp. on advance payments for gas supplies to be delivered via the eastern route, a senior Gazprom official told Interfax Friday.

Germany's Bosch To Exit Solar Energy Business After Sustained Losses

Παρ, 22 Μαρτίου 2013 - 18:17

German automotive technologies company Robert Bosch GmbH said Friday it will end its solar energy business by early next year, blaming the decision on sustained losses amid massive overcapacity in the global solar energy market.