English Edition

Enel CEO Says Spain Energy Market Reform Can Be Improved

Τετ, 26 Σεπτεμβρίου 2012 - 18:03

Spain's energy market reform proposal can be improved as it hits companies generating electricity from traditional sources, Fulvio Conti, chief executive officer of Enel SpA (ENEL.MI), said Wednesday.

IEA Chief: Oil Market Well Supplied

Τετ, 26 Σεπτεμβρίου 2012 - 18:03

The global market is currently well supplied with oil, the executive director of the International Energy Agency, Maria van der Hoeven, told Dow Jones Newswires on Wednesday.

Iran Hits Out At US Plan To Take Group Off Terror List

Τετ, 26 Σεπτεμβρίου 2012 - 18:02

Tehran on Wednesday condemned a planned move by Washington to remove an Iranian opposition group based abroad, the People's Mujahedeen of Iran, from its blacklist of designated terrorist groups.

METKA Wins Jordan Power Plant Contract

Τετ, 26 Σεπτεμβρίου 2012 - 17:06

METKA SA won a $155 million contract to increase the capacity of Samra Electric Power Co’s plant in Jordan by 143 megawatts, Petra reported on Monday.

Italy, Albania, Greece to Sign TAP Pipeline Accord Friday

Τετ, 26 Σεπτεμβρίου 2012 - 13:48

The intergovernmental agreement for the building of the Trans-Adriatic Pipeline (TAP) gas project that will link Italy, Greece and Albania will be signed on Friday, an Italian government source said on Wednesday.

Gulf OPEC Producers Want Oil at $100/Barrel-Sources

Τρι, 25 Σεπτεμβρίου 2012 - 18:33

Gulf members of the Organization of Petroleum Exporting Countries, led by Saudi Arabia, would like to see oil prices stabilize around $100 a barrel as high prices could slow down economic growth and hit demand, Gulf OPEC delegates said Monday.

Iraq To Pay Kurdistan First Oil Payment Next Week - Minister

Τρι, 25 Σεπτεμβρίου 2012 - 18:33

The Iraqi federal government will pay 650 billion Iraqi dinars ($547 million) to the Kurdistan Regional Government next week as part of an agreement over disputed oil revenues, Kurdistan oil minister Ashti Hawrami told Dow Jones Newswires Monday.

Yemen's Only LNG Pipeline Hit by Explosion Again

Τρι, 25 Σεπτεμβρίου 2012 - 18:33

A natural gas pipeline supplying Yemen's Balhaf export terminal in the Gulf of Aden was blown up again early Tuesday morning, the terminal operator Yemen LNG Co. said, just a few weeks after it was repaired from a previous sabotage.

Renewable Energy Developers Rally Against Higher Grid Access Fees

Τρι, 25 Σεπτεμβρίου 2012 - 14:17

Developers of renewable energy projects staged a rally in front of the building of Bulgaria's energy regulator against the recent introduction of higher power grid access fees which would reduce their revenues.

After Daughter, Iran Arrests Son of Ex-president

Δευ, 24 Σεπτεμβρίου 2012 - 18:08

The son of Iran's former president Akbar Hashemi Rafsanjani was arrested after he returned from abroad on Monday, two days after authorities jailed Rafsanjani's daughter, the official IRNA news agency reported.

Egypt Has Proven Oil Reserves Enough for 17 Years - Minister

Δευ, 24 Σεπτεμβρίου 2012 - 18:08

Egypt has proven oil reserves enough for 17 years, while its gas reserves can last for 20 years, the country's State Information Service, or SIS, reported Monday citing oil minister Osama Kamal.

Moscow Decree Changes Nothing In Gazprom Probe Says EU

Δευ, 24 Σεπτεμβρίου 2012 - 18:08

Russian intervention in an European Union anti-trust probe into Gazprom changes nothing in the case which goes ahead in the best interests of the bloc, Competition Commissioner Joaquin Almunia said Monday.

UAE Oil Production Capacity to Reach About 3 Mln B/D by Yr End

Δευ, 24 Σεπτεμβρίου 2012 - 18:07

The United Arab Emirates' oil production capacity should increase to about 3 million barrels a day by the end of the year, the country's OPEC Governor said on Monday.

Total Raises 2011-2015 Annual Oil Output Growth Target To 3%

Δευ, 24 Σεπτεμβρίου 2012 - 18:07

French energy giant Total SA (TOT) said Monday it has raised its annual average production growth target to 3% for the period 2011-2015.

Possible BP Stake In Rosneft Positive - Alfa

Δευ, 24 Σεπτεμβρίου 2012 - 18:07

BP's (BP) interest in taking a stake in OAO Rosneft (ROSN.RS) is positive for the Russian oil giant and should improve sentiment around the stock, says Alfa Bank analyst Maria Yegikyan.

Greece’s Independent Power Producers Object to the Abolition of the Cost Recovery Mechanism

Παρ, 21 Σεπτεμβρίου 2012 - 18:02

Speaking at a press conference in Athens, the chairman of the “Hellenic Association of Independent Power Producers” (www.haipp.gr), Mr. Anastassios Kallitsantsis, noted that investments for power generation from natural gas in Greece are totally in line with the 2020 Climate Change strategy of the EU, the IEA 2050 Road Map and the overall trends in the global energy market