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Yemen Seeking $450 Mln 3-Year Loan From IMF

Yemen Seeking $450 Mln 3-Year Loan From IMF

Yemen is seeking a low-interest loan of up to $450 million from the International Monetary Fund to support economic reforms, according to Yemeni central bank governor Mohammed bin Hammam.

Saudis Naimi Says Welcomes All New Energy Sources

Saudi's Naimi Says Welcomes All New Energy Sources

Saudi Oil Minister Ali al-Naimi on Monday said the rise of unconventional energy sources doesn't threaten his country's dominant role in world oil supply because demand also is increasing.

Terna Energy Sales Increased by 62,9% in 2012

Terna Energy Sales Increased by 62,9% in 2012

According to the financial statements of 31/12/2012, which were prepared in accordance with the International Financial Reporting Standards, the 2012 annual results of TERNA ENERGY are as follows:

CEZ Lodges Complaint Against Bulgaria at European Commission

CEZ Lodges Complaint Against Bulgaria at European Commission

Czech 70% state-owned power company CEZ AS (BAACEZ.PR) Friday said it formally lodged a complaint at the European Commission against Bulgaria for the country's failing to honor national and European energy market regulations.

Piraeus Bank’s Pioneering Climate Risk Management Model

Piraeus Bank’s Pioneering Climate Risk Management Model

Piraeus Bank is the 2ndlargest bank in Greece, with particular know-how in the areas of medium-sized and small enterprises, consumer and mortgage credit, green banking, agricultural banking (following the recent acquisition of ATEbank), capital markets investment banking, and leasing.

EPA Attiki: Natural Gas is Now 38% Cheaper than Heating Oil

EPA Attiki: Natural Gas is Now 38% Cheaper than Heating Oil

Natural gas is significantly cheaper than oil for heating purposes this winter, according to the data EPA Attiki presented today. The company, which supplies natural gas to customers in Athens, said that it is now 38% cheaper than heating oil because of two significant changes that occurred last year.

Energy Subsidy Removal Would Cut CO2 Emissions -IMF

Energy Subsidy Removal Would Cut CO2 Emissions -IMF

Removing global energy subsidies could lead to a 13% decline in carbon dioxide emissions and generate substantial environmental benefits, the International Monetary Fund says.

Shell Faces New Proble Into Alaska Drilling

Shell Faces New Proble Into Alaska Drilling

Another probe is under way into Royal Dutch Shell's 2012 Alaska drilling season, this time for possible violations of international marine environmental rules, Reuters reported on its website Thursday citing a U.S. Coast Guard official.

E.ON Sells Hungary Natural Gas Firms to State-Owned MVM

E.ON Sells Hungary Natural Gas Firms to State-Owned MVM

Hungarian state-owned energy group MVM Zrt. signed a deal to buy German energy giant E.ON AG's (EOAN.XE) Hungarian natural gas units for EUR870 million ($1.11 billion), the companies said in separate statements Thursday.