1. English Edition

English Edition

SOFAZ to Finance TANAP Project

SOFAZ to Finance TANAP Project

Τρι, 6 Νοεμβρίου 2012 - 13:22

The State Oil Fund of Azerbaijan will finance the implementation of the Transanatolian gas pipeline project and new petrochemical complex in Garadagh in 2013.

Verbund CEO: Gas Remains Viable Over Medium Term

Verbund CEO: Gas Remains Viable Over Medium Term

Δευ, 5 Νοεμβρίου 2012 - 16:58

Gas as a source of energy remains viable over the medium term, Austrian utility Verbund AG's (VER.VI) Chief Executive Wolfgang Anzengruber said Monday.

BP CEO Dudley Says Talks Ongoing on Abu Dhabi Concessions

BP CEO Dudley Says Talks Ongoing on Abu Dhabi Concessions

Δευ, 5 Νοεμβρίου 2012 - 16:58

BP PLC's (BP) Chief Executive Bob Dudley downplayed Monday a report that the U.K.-based oil giant may not be allowed to make a bid for the renewal of a shared license to operate some of Abu Dhabi's largest onshore oil fields, due to a reported political row between the United Arab Emirates and the U.K.

Kuwait Targets Crude Output Capacity of 3.2M B/D by 2015

Kuwait Targets Crude Output Capacity of 3.2M B/D by 2015

Δευ, 5 Νοεμβρίου 2012 - 16:57

OPEC member Kuwait plans to up its crude output capacity from 3 million barrels per day to 3.2 million barrels a day by 2015, the chairman and managing director of Kuwait Oil Co. said in remarks published Monday.

China Files WTO Complaint on EU Solar Subsidies

China Files WTO Complaint on EU Solar Subsidies

Δευ, 5 Νοεμβρίου 2012 - 16:57

China filed a complaint to the World Trade Organization on Monday charging the European Union with violating rules governing subsidies to its solar components industry, China's Ministry of Commerce said.

Iraqs Oct Oil Exports Up 1% On Month At 2.624 Million B/D - SOMO

Iraq's Oct Oil Exports Up 1% On Month At 2.624 Million B/D - SOMO

Παρ, 2 Νοεμβρίου 2012 - 18:22

Iraq's crude oil exports in October went up by 0.92% to 2.624 million barrels a day, compared with 2.600 million barrels a day in September, figures released by the State Oil Marketing Organization, or SOMO, showed.

Gazprom 2Q Net Profit Halves but Above Analysts Forecasts

Gazprom 2Q Net Profit Halves but Above Analysts' Forecasts

Παρ, 2 Νοεμβρίου 2012 - 18:22

Russian gas giant OAO Gazprom's (GAZP.RS) net profit halved in the second quarter, compared with the corresponding period a year earlier, as a result of lower gas sales and retroactive payments to European customers, but the figure was still above analysts' forecasts.

Rosneft CEO: No Plans to Work With OPEC On Oil Output

Rosneft CEO: No Plans to Work With OPEC On Oil Output

Παρ, 2 Νοεμβρίου 2012 - 18:22

OAO Rosneft (ROSN.RS) Chief Executive Igor Sechin said there are no plans for Russia to cooperate with the Organization of Petroleum Exporting Countries on reducing production to support oil prices, even though state-controlled companies will own nearly 50% of the country's output after Rosneft completes its purchase of competitor TNK-BP.

BP Replaces Head of Operations in Azerbaijan

BP Replaces Head of Operations in Azerbaijan

Παρ, 2 Νοεμβρίου 2012 - 18:21

Azerbaijan--British oil major BP PLC (BP) said Friday it has replaced its regional president for its operations in Azerbaijan, Georgia and Turkey, in a move that follows recent criticism of a BP-led consortium by Azeri President Ilham Aliyev for declines in oil output.

Further Greek Refinery Strike Planned

Further Greek Refinery Strike Planned

Πεμ, 1 Νοεμβρίου 2012 - 16:53

The Panhellenic Federation of Employees in Refineries and Chemical Industry will participate in a 48-hour general strike called by the Greek General Confederation of Labour (GSEE) against government austerity measures.

Bulgaria To Announce Investment Decision on South Stream Pipeline Nov 9

Bulgaria To Announce Investment Decision on South Stream Pipeline Nov 9

Πεμ, 1 Νοεμβρίου 2012 - 15:12

Bulgaria will announce its investment decision on the construction of the South Stream gas pipeline on November 9 when executives from Russia's Gazprom and Bulgarian state-owned Bulgarian Energy Holding (BEH) are expected to sign the final documents on the project's implementation.