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AAR To Invest Main Proceeds From TNK-BP Sale In Russia

Τετ, 26 Δεκεμβρίου 2012 - 11:38

The AAR consortium of Soviet-born billionaires will invest the main proceeds from a sale of stake in Russo-British oil venture TNK-BP (TNBP.RS) into Russia's economy, Interfax news agency reported Tuesday, citing an AAR statement.

Iran Foils New Cyber Attack on Industrial Units

Τετ, 26 Δεκεμβρίου 2012 - 11:37

Iran has repelled a fresh cyber attack on its industrial units in a southern province, a local civil defence official said on Tuesday, accusing "enemies" of nonstop attacks against its infrastructure.

Tepco To Seek Y700B More Aid For Compensation -Nikkei

Τετ, 26 Δεκεμβρίου 2012 - 11:37

Tokyo Electric Power Co. (9501.TO) plans to ask for almost Y700 billion in extra funding from the Nuclear Damage Liability Facilitation Fund by the end of the month to cover compensation for those affected by the Fukushima nuclear disaster, the Nikkei reported in its Wednesday morning edition.

Sinopec, ConocoPhillips Sign Sichuan Basin Shale Gas Agreement

Τετ, 26 Δεκεμβρίου 2012 - 11:36

China Petrochemical Corp., also known as Sinopec Group, has signed a preliminary agreement with ConocoPhillips (COP) to study shale gas development in the Sichuan basin.

China Lets Power Producers Pass More Coal Cost on to Grid Operators

Τετ, 26 Δεκεμβρίου 2012 - 11:35

Chinese electricity producers can pass on to the country's two grid operators additional costs incurred by increases in the price of thermal coal, the State Council, or cabinet, said in a statement on its web portal Wednesday.

Shah Deniz II Tie-up in Talks To Buy Stake in Nabucco Pipeline - Bulgarian Exec

Τετ, 26 Δεκεμβρίου 2012 - 10:16

Azerbaijani gas field consortium Shah Deniz II is in talks to take over a 50% stake in the Nabucco pipeline consortium, the chief executive officer of the state-run Bulgarian Energy Holding (BEH) said.

Turkey TPIC Expands Mediterranean Offshore Oil Search

Τετ, 26 Δεκεμβρίου 2012 - 10:00

The Turkish Petroleum Corporation (TPAO)’s subsidiary, Turkish Petroleum International Company (TPIC), will search for oil in Turkey’s Mediterranean offshore field for two more years, an official journal reported yesterday.

Saudi Will Stick to OPEC Ceiling But Will Meet all Demand Requests

Παρ, 21 Δεκεμβρίου 2012 - 19:43

Top oil producer Saudi Arabia will adhere to the 30 million barrels-a-day production ceiling maintained earlier this month by the Organization of the Petroleum Exporting Countries, but will meet any customer demand for additional crude, the country's Oil Minister Ali al-Naimi said Friday. "There are customers that will come to every producer and ask for a volume, today, we will honor their requests," Mr. Naimi told reporters in a briefing in Cairo

Russia Offers New Proposal on Pipelines to EU

Παρ, 21 Δεκεμβρίου 2012 - 19:40

Russia has handed the European Commission a proposal to provide exemptions for Russian pipelines that enter the European Union from regulations restricting their use by Russian export monopoly OAO Gazprom, Interfax news agency cited Gazprom Chief Executive Alexei Miller as saying in Brussels Friday

Bulgaria Says Azeri Gas Group To Take 50% Stake In Nabucco

Παρ, 21 Δεκεμβρίου 2012 - 19:39

Azerbaijan's Shah Deniz II consortium may acquire as much as 50% in the Nabucco gas pipeline project, boosting prospects for its construction by ensuring gas supplies, a Bulgarian company involved said Thursday. "We expect Shah Deniz to take over 50% of the shares in the Nabucco consortium," Mihail Andonov, head of the Nabucco stakeholder Bulgarian Energy Holding said Thursday

Rosneft, BP CEOs to Sit on Committee Steering Rosneft, TNK-BP Integration

Πεμ, 20 Δεκεμβρίου 2012 - 18:16

BP PLC Chief Executive Bob Dudley will sit on the steering committee coordinating the integration of Russian oil company TNK-BP Holding and state-controlled oil giant OAO Rosneft , the companies said in a statement Thursday. Rosneft is acquiring TNK-BP, Russia's number three oil producer, from BP and its partners in deals worth $55 billion that will create the world's largest listed crude producer. BP will hold a 19.8% stake in Rosneft as part of its deal to sell out of TNK-BP

Poland Threatens to Sue Gazprom Again if Left Out of Price Cuts

Πεμ, 20 Δεκεμβρίου 2012 - 18:13

Polish gas firm PGNiG SA will restart arbitration proceedings against Russia's OAO Gazprom if it isn't included in the group of European companies that are supposed to get lower prices of Russian natural gas, said Poland's Treasury Minister Mikolaj Budzanowski. "If we don't immediately get the discount, we'll intervene and again file an arbitration law suit," Mr. Budzanowski told reporters Thursday. "But I don't think it will come to this. Since 2004, we've been in the European Union and since forever in Europe.

Turkey Interested in Yemen LNG, Investment

Πεμ, 20 Δεκεμβρίου 2012 - 18:08

Turkey wants to buy some shipments of Yemen's liquefied natural gas and is interested in investing in the country's hydrocarbon sector, Yemen's oil ministry said. The country, which relies on imported energy and is struggling to diversify its suppliers, can submit its bids for Yemeni LNG cargoes and negotiate prices, Yemen's oil Minister Ahmed Dares said in a statement posted on the ministry website

Cyprus Says Makes Strides In Offshore Energy Search

Πεμ, 20 Δεκεμβρίου 2012 - 18:05

Cyprus said Wednesday it was making good progress with a second round of licensing for exploratory drilling aimed at exploiting offshore oil and gas deposits. In October drilling permits, subject to negotiation, were approved for blocks 2, 3, 9 and 11, and on Wednesday block 10 was also added to the lis

Gazprom Sees Lower Investments, Gas Prices In 2013

Τετ, 19 Δεκεμβρίου 2012 - 17:38

OAO Gazprom (GAZP.RS) foresees lower investments in 2013 of 841.1 billion Russian rubles ($27.2 billion) compared with this year and expects lower prices for natural gas exports to Europe, a Gazprom official who didn't want to be named said Wednesday.

China State Council to Promote Mergers in Solar Power Sector

Τετ, 19 Δεκεμβρίου 2012 - 17:37

China's State Council, or cabinet, on Wednesday said it would promote consolidation in the domestic solar energy industry, as part of efforts to turn around a sector plagued by high debt.