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Greece, Troika to Lower Privatisation Targets

Greece, Troika to Lower Privatisation Targets

Τρι, 23 Οκτωβρίου 2012 - 16:48

Greece and its international lenders may agree to lower the country's privatisation targets for the next three years, newspaper Kathimerini reported on Tuesday, citing a draft document.

From Syria to Palestine: A Shift in Focus?

From Syria to Palestine: A Shift in Focus?

Δευ, 22 Οκτωβρίου 2012 - 17:04

If we analyze the geopolitics of the Middle East, what should be the principal focus? There is little agreement on an answer, and yet it is the key question. The Israeli government has been sedulously and constantly trying to make the focus be Iran. This has been considered by most observers as an effort to divert attention from Israel’s unwillingness to pursue serious negotiations with the Palestinians.

Statoil to Make $1.45B on Wintershall Oil Field Swap

Statoil to Make $1.45B on Wintershall Oil Field Swap

Δευ, 22 Οκτωβρίου 2012 - 17:01

Norwegian oil company Statoil ASA (STO) has agreed a $1.45B deal with Wintershall AG (WSL.YY) to swap production licenses on the Norwegian continental shelf, and also to cooperate to increase oil recovery.

Iraqi Kurds Agree To Raise Oil Export To 250,000 B/D In 2013

Iraqi Kurds Agree To Raise Oil Export To 250,000 B/D In 2013

Δευ, 22 Οκτωβρίου 2012 - 17:00

Top officials from the Kurdistan Regional Government, or KRG, in northern Iraq have agreed to export an average of 250,000 barrels a day in 2013, up from the current 170,000 to 200,000 barrels a day.

Sechin: TNK-BP Deal Could Be Financed Through Western Banks

Sechin: TNK-BP Deal Could Be Financed Through Western Banks

Δευ, 22 Οκτωβρίου 2012 - 17:00

The head of Rosneft (ROSN.RS) said Monday that the deal for the state-run oil company to buy out both sides of the troubled TNK-BP joint venture could be financed by Western banks, Interfax reported.

BP Board Meeting to Discuss Rosneft Offer Started At About 1400 GMT

BP Board Meeting to Discuss Rosneft Offer Started At About 1400 GMT

Παρ, 19 Οκτωβρίου 2012 - 18:32

BP PLC's board meeting to discuss Russian oil giant OAO Rosneft's offer, said to be for about $25 billion, for the U.K. company's 50% stake in TNK-BP started at around 1400 GMT Friday, people familiar with the matter said. The bid, which could set the stage for a deal that would unwind a profitable but troublesome partnership for the British energy company, was expected to consist of cash and Rosneft shares, people familiar with the matter said late Thursday

Saipem Wins Contracts Worth $1.1 Bln in Brazil, Angola, Russia

Saipem Wins Contracts Worth $1.1 Bln in Brazil, Angola, Russia

Παρ, 19 Οκτωβρίου 2012 - 18:26

Saipem SpA , Europe's biggest oil services company by market value, said Friday it has won offshore engineering and construction contracts worth a total of $1.1 billion in Brazil, Angola and the Caspian Sea. In a statement, Saipem said it was given a contract by Petroleo Brasileiro for the Sapinhoa Norte and Cernambi Sul projects in the development of the pre-salt risers in the Santos Basin

Areva Appeals to Stay in Czech CEZ Nuclear Expansion Tender

Areva Appeals to Stay in Czech CEZ Nuclear Expansion Tender

Παρ, 19 Οκτωβρίου 2012 - 18:22

French Areva SA Friday appealed to stay in the bidding process for a roughly $10 billion project to expand a nuclear power plant in the southern Czech town of Temelin, operated by Czech power company CEZ AS. "Areva has provided detailed objections to each of the reasons for exclusion raised by CEZ and believes that its comprehensive and detailed offer, handed to CEZ in July, is in full compliance with the statutory requirements as well as the tender criteria," the French company said in a statement

PM: Russia Mulls Rosneft Share Sale in 2013, 14 - Reports

PM: Russia Mulls Rosneft Share Sale in 2013, '14 - Reports

Παρ, 19 Οκτωβρίου 2012 - 18:17

Russia is considering selling a stake in state-controlled oil giant OAO Rosneft in 2013 and 2014, Russian First Deputy Prime Minister Igor Shuvalov was quoted as saying Friday by Russian newswires. "We are considering selling Rosneft shares next year and in 2014 and we believe that it [stake] will be sold, as soon as possible, when the time is best for the placement. That is the position both of the company's management and the head of the government," Prime and Interfax news agencies reported Mr. Shuvalov as saying

Clinton Cites Energy Diplomacy As Driving Force

Clinton Cites 'Energy Diplomacy' As Driving Force

Παρ, 19 Οκτωβρίου 2012 - 18:13

Secretary of State Hillary Clinton on Thursday described "energy diplomacy" as a driving force behind U.S. foreign policy and offered a spirited defense of the Obama administration's foreign-policy record. She also took swipes at rivals, including China and Russia, which she said have used energy as a geopolitical or trade weapon

Turkey Pipeline Attack Injures Soldiers, Disrupts Gas Flow

Turkey Pipeline Attack Injures Soldiers, Disrupts Gas Flow

Παρ, 19 Οκτωβρίου 2012 - 18:09

An attack on a military vehicle by the Kurdistan Workers' Party, or PKK, wounded around 28 soldiers and damaged a pipeline in Turkey late Thursday, disrupting the flow of natural gas from Iran. The blast took place in the Eleskirt town of the province at 23:25 local time Thursday, a spokesman for the governorship of the eastern province of Agri confirmed Friday in a telephone interview