English Edition

EU Lawmakers Agree Push for Greater Transparency from Resource Firms

Τρι, 18 Σεπτεμβρίου 2012 - 19:18

European Union lawmakers have agreed to push for stringent new rules requiring oil and mining companies to report in greater detail the payments they make to foreign governments, setting the bloc on track to match similar rules adopted recently in the U.S.

Azerbaijan Interested in Trans-Caspian Project – Minister

Τρι, 18 Σεπτεμβρίου 2012 - 16:57

Azerbaijan is interested in implementation of the Trans-Caspian project. The statement came from Industry and Energy Minister Natig Aliyev, Gun.Az reports.

Libyans See al Qaeda Hand in Embassy Attack

Δευ, 17 Σεπτεμβρίου 2012 - 18:19

The head of Libya's new national congress has blamed al Qaeda-linked militants for planning Tuesday's deadly attack on the U.S. Consulate in the eastern Libyan city of Benghazi, raising further questions about the motive behind the mayhem that killed four Americans.

Israeli Prime Minister Says Red Lines on Iran's Nuclear Ambitions Could Reduce Conflict

Δευ, 17 Σεπτεμβρίου 2012 - 18:18

Israeli Prime Minister Benjamin Netanyahu said Sunday establishing firm "red lines" on Iran's nuclear ambitions could lessen the chances of conflict with the country, rather than escalate them, drawing comparisons to U.S. President John F. Kennedy's actions during the Cuban Missile Crisis.

South Korea's August LNG Imports Rise 16.2% on Year -Customs

Δευ, 17 Σεπτεμβρίου 2012 - 18:17

South Korea's imports of liquefied natural gas in August rose 16.2% from a year earlier to around 2.35 million metric tons, according to data released Monday by the Korea Customs Service.

Iran, Turkey Discuss Resumption of Nuclear Talks

Δευ, 17 Σεπτεμβρίου 2012 - 18:16

Iran's chief nuclear negotiator Saeed Jalili met Monday with Turkey's Foreign Minister Ahmet Davutoglu to discuss the resumption of international talks over Tehran's atomic program, a diplomatic source said. "Jalili wanted to come to Turkey to discuss the latest developments on the Iranian nuclear issue," the person told AFP on condition of anonymity.

Poland Working On Oil, Gas Taxes As Uncertainty over Duties Hits Exploration

Δευ, 17 Σεπτεμβρίου 2012 - 18:15

The Polish government is still working on changes to hydrocarbon taxes, Treasury Minister Mikolaj Budzanowski said Monday as the prospect of increases in the duties on production from new oil and gas discoveries hits exploration efforts.

EU Plans To Limit Use Of Food-Based Biofuels in Transport Sector

Δευ, 17 Σεπτεμβρίου 2012 - 18:14

The European Commission, the executive arm of the European Union, said Monday it plans to limit the use of biofuels derived from food crops to 5% of transport fuel, in a radical change to its biofuel policy.

Greece Transfers 17% Stake in PPC to Privatisation Agency

Δευ, 17 Σεπτεμβρίου 2012 - 15:09

The Greek government has transferred 17% of state-controlled utility Public Power Corp (PPC) to the country's privatisation agency, thus paving the way for its sale, Reuters reported.

Japan Sets Long-Term Energy Plan, Targets End To Nuclear Power

Παρ, 14 Σεπτεμβρίου 2012 - 17:18

The Japanese government on Friday unveiled a long-term energy plan that seeks an end to nuclear power by 2040, responding to strong anti-nuclear sentiment but stopping short of a clear commitment to make the country nuclear free.

China's August Power Consumption Growth Slowest in at Least 2 Years

Παρ, 14 Σεπτεμβρίου 2012 - 17:18

China's electricity consumption in August grew at its most sluggish pace in at least two years on the back of weaker industrial activity, providing further confirmation that the world's second-largest economy is slowing.

Spain To Raise Taxes on Power Producers In Energy Reform

Παρ, 14 Σεπτεμβρίου 2012 - 17:17

The Spanish government Friday outlined plans to overhaul its energy sector by raising taxes on fossil fuels and lowering subsidies on certain types of renewable energy generation.

Play By EU Rules, Energy Chief Oettinger Tells Gazprom

Παρ, 14 Σεπτεμβρίου 2012 - 17:17

Gazprom OAO (GAZP.RS) must play by European Union market rules and stop charging western and eastern member states different gas prices, EU energy chief Guenther Oettinger said Friday.

Bid to Speed Up Solar Projects

Παρ, 14 Σεπτεμβρίου 2012 - 16:46

Over 1,600 small photovoltaic projects will be able to move ahead after Wednesday’s decision by Deputy Development Minister Notis Mitarakis to set up a so-called Small Projects Monitoring Group that will speed up the funding process.

Ankara's Natural Gas Grid Baskent Dogalgaz On Sale

Παρ, 14 Σεπτεμβρίου 2012 - 12:57

Turkey’s Privatization Administration (ÖİB) placed an ad on its website yesterday for the block sale of the 100 percent public stake in Başkent Doğalgaz, Ankara’s natural gas grid, which has seen multiple privatization failures.

Iraq Kurds to Hold Talks With Baghdad to Resolve Oil Issue

Πεμ, 13 Σεπτεμβρίου 2012 - 17:03

The Kurdistan Regional Government, or KRG, in northern Iraq is sending a delegation to the federal government in Baghdad to resolve issues relating to payments made to foreign contracting companies producing crude oil in the region, the KRG's prime minister said in a statement Thursday.