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Iraq Expels Turkey's TPAO from Exploration Deal

Τετ, 7 Νοεμβρίου 2012 - 16:50

Iraq has decided to expel state-run Turkish Petroleum Corp., or TPAO, from an exploration oil block in southern Iraq, a senior Iraqi official said Wednesday.

Scandal Prompts South Korea to Investigate All Nuclear Reactors

Τετ, 7 Νοεμβρίου 2012 - 16:49

South Korea's nuclear watchdog said Wednesday it would carry out a rigorous inspection of all the country's 23 reactors after a scandal involving unvetted components fueled public fears about nuclear safety.

Environmental Review of Bulgarian Section of Nabucco Pipeline Begins

Τετ, 7 Νοεμβρίου 2012 - 15:22

An environmental impact assessment procedure for the Bulgarian section of Nabucco gas pipeline project has been launched, Nabucco Gas Pipeline Bulgaria said.

Serbia: New Renewable Tariffs to be Announced Soon

Τετ, 7 Νοεμβρίου 2012 - 12:36

Serbia's Minister of Energy, Development and Environmental Protection Zorana Mihajlovic announced that new incentive tariffs (feed-in) for the production of electricity from renewable energy sources will be known in ten days.

Romania has 750MW of Wind Farms in Testing Stage

Τετ, 7 Νοεμβρίου 2012 - 12:33

A 250MW wind park entered into testing phase last week, taking the total wind capacities that are in testing stage to 750MW, said last week Zoltan Nagy-Bege, general manager of the energy regulator ANRE, during the AEEC (Associated European Energy Consultants) conference, which was organized by the law firm Pachiu & Associates.

Five Non-binding Offers for the Privatisation of DEPA/DESFA

Τετ, 7 Νοεμβρίου 2012 - 12:21

Five potential investors have submitted non-binding offers to the Hellenic Republic Asset Development Fund (HRADF) for the privatization of natural gas distributor DEPA/DESFA Group.

25-35% Fee Set for All Photovoltaic Plants in Greece

Τρι, 6 Νοεμβρίου 2012 - 16:59

The new economy bill that was carried yesterday in the Greek parliament calls for significant changes in the energy sector, most notably in photovoltaics, where a fee of 25-35% on the sales of the companies involved is imposed. The decision has been met with fierce opposition by the business associations and environmental groups, who warn that it is going to lead to bankruptcies and layoffs.

Libyan Fund Interested in Struggling French Oil Refinery

Τρι, 6 Νοεμβρίου 2012 - 16:48

A Libyan sovereign investment fund has sent a letter officially expressing interest in taking over a struggling French oil refinery, as a local court is due to decide whether to order the liquidation of the plant.

Rosneft CEO Sechin On List Of Candidates For Board

Τρι, 6 Νοεμβρίου 2012 - 16:47

OAO Rosneft's (ROSN.RS) Chief Executive Igor Sechin is on the list of candidates for the company's board of directors that shareholders will vote on Nov. 30, Russian newswires reported Tuesday, citing Rosneft.

Gazprom, PGNiG May Cooperate on New Projects After Price Cut

Τρι, 6 Νοεμβρίου 2012 - 16:47

Goodwill between Poland's PGNiG SA (PGN.WA) and Russia's OAO Gazprom (GAZP.RS) has risen as a result of a price cut the companies agreed on Monday for Russian gas, which opens possible new areas of cooperation, a PGNiG vice-president told reporters Tuesday.

EEX, Powernext to Combine European Gas Markets From 2013

Τρι, 6 Νοεμβρίου 2012 - 16:47

The European Energy Exchange and Powernext SA said they plan to combine market activities and create a pan-European gas market from first quarter 2013, Reuters reported Tuesday.

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.

South Korea Suspends Ops at 2 Nuclear Reactors; Signals Power Shortage

Δευ, 5 Νοεμβρίου 2012 - 16:59

South Korea is suspending operations at two nuclear reactors for safety reasons, creating a situation that could point to power supply disruptions this winter.