English Edition

Poland to Complete Work on LNG Port in 2014

Πεμ, 4 Οκτωβρίου 2012 - 18:14

Poland is on track with the construction of its liquefied natural gas port and will complete it in 2014 despite obstacles, Treasury Minister Mikolaj Budzanowski told reporters Thursday.

Iraq Favors Oil Price of $100-$120 a Barrel

Πεμ, 4 Οκτωβρίου 2012 - 18:14

A crude oil price between $100 and $120 a barrel is acceptable to both consumers and producers, Iraq oil minister Abdul Kareem Luaiby said Thursday.

Saudi Arabia's Naimi Says Oil Supply Is Ample to Meet Demand

Πεμ, 4 Οκτωβρίου 2012 - 18:14

Crude oil markets are well supplied and inventories remain adequate, Saudi Arabia's oil minister Ali al-Naimi said Thursday, reiterating that the world's top oil exporter can and will meet any additional demand.

ExxonMobil Plans Up To $1.2B Drilling Investment In Romanian Black Sea- Mediafax

Πεμ, 4 Οκτωβρίου 2012 - 18:14

ExxonMobil Exploration and Production Romania plans to invest up to $1.23 billion over the next two years in drilling works at a Black Sea perimeter developed together with Romanian oil company OMV Petrom (SNP.RO), news agency Mediafax reported Thursday.

Iraq, Kurds May Reach Agreement Soon on Draft Oil Law - Oil Minister

Πεμ, 4 Οκτωβρίου 2012 - 18:13

The federal government in Baghdad and the semi-autonomous region of Kurdistan in northern Iraq could soon reach an agreement on a new draft hydrocarbon law that would help resolve an impasse over who should control oil resources, Iraq's oil minister said Thursday.

OPEC September Oil Output Falls on West African Decline

Τετ, 3 Οκτωβρίου 2012 - 16:53

Oil production from the Organization of Petroleum Exporting Countries fell last month as higher Saudi output failed to offset a West African drop. According to a Dow Jones Newswires survey of industry sources and analysts, crude-oil production from the group averaged 31.669 million barrels a day in September, down about 166,000 barrels a day from 31.835 million barrels a day in August

Iraq Begins First Oil Payment of $547M to Kurdish Regional Government

Τετ, 3 Οκτωβρίου 2012 - 16:47

The Iraqi finance ministry has begun payment of 650 billion Iraqi dinars ($547 million) to the Kurdistan Regional Government to pay foreign contractors in the oil industry as part of an agreement reached between the two sides earlier this month, an Iraqi government official said Tuesday

Protest, Scuffles With Police In Iran Over Currency Crisis

Τετ, 3 Οκτωβρίου 2012 - 16:43

A protest and scuffles with police occurred in central Tehran Wednesday in the first sign of public unrest over Iran's plunging currency, which this week has lost more than half its value. Hundreds of police in anti-riot gear stormed the capital's currency exchange district of Ferdowsi, arresting illegal money changers and ordering licensed bureaus and other shops closed, witnesses told AFP

Vestas Awarded 68MW Wind Turbines Order For UK Wind Farm

Τρι, 2 Οκτωβρίου 2012 - 17:53

Danish Vestas Wind Systems A/S (VWS.KO), the world's largest maker of wind turbines, said Tuesday it has secured a contract for the delivery of 34 wind turbines, or a total electricity output capacity of 68 megawatts, for a U.K. wind farm project.

Kuwait Starts Deploying Guards on Oil Tankers Against Piracy

Τρι, 2 Οκτωβρίου 2012 - 17:53

Kuwait Oil Tanker Co., or KOTC, has started deploying armed guards aboard oil and natural gas tankers to protect them against pirates, the state-run Kuwait News Agency, or KUNA, reported Tuesday, citing Bader Alkhashti, the firm's chairman and managing director.

Rosneft Possible Buy of TNK-BP Stake May Be Good for State -Putin Spokesman

Τρι, 2 Οκτωβρίου 2012 - 17:52

The Kremlin isn't against OAO Rosneft's (ROSN.RS) possible purchase of a stake in BP PLC's (BP) Russian joint venture TNK-BP (TNBP.RS), President Vladimir Putin's spokesman said Tuesday, adding it could be "beneficial for the state" if the state-controlled oil major decides such a deal is beneficial for the company.