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Saudis Warn of Retaliation If Iran Continues to Intrude on Oil Facilities

Παρ, 9 Νοεμβρίου 2012 - 17:25

Saudi Arabia has reportedly warned it will retaliate if Iran continues to intrude on the airspace and waters around its offshore oil facilities in the Persian Gulf, and reserves the right to retaliate, as Tehran's firing at a U.S. drone last week raises concerns about an escalation in tensions in the region.

Gazprom Neft CEO: Output to Grow 3%-4% in 2013

Παρ, 9 Νοεμβρίου 2012 - 17:25

OAO Gazprom Neft (SIBN.RS) aims to increase hydrocarbon output by 3%-4% in 2013 and by even more in the following years, Interfax quoted the company's chief executive, Alexander Dyukov, as saying Friday.

OPEC Cuts Demand Views for its Own Crude on Economic Woes, Rivals

Παρ, 9 Νοεμβρίου 2012 - 17:24

OPEC Friday trimmed forecasts of demand for its own crude over economic concerns and rising output by rivals, a move that makes it likely to significantly cut production next year.

Russia Government Awaits More Information on Rosneft's TNK-BP Deal

Παρ, 9 Νοεμβρίου 2012 - 17:24

Russian state-controlled oil giant OAO Rosneft (ROSN.RS) has provided the Russian government with some of the additional information it requires to approve the $55 billion buyout of competitor TNK-BP, Deputy Prime Minister Arkady Dvorkovich was cited as saying by Russian newswires Friday.

ECJ Sides With EU Against Greek Law Limiting Purchases of Voting Rights

Πεμ, 8 Νοεμβρίου 2012 - 17:40

A Greek law that forces investors to seek the approval of government before acquiring voting rights in certain companies is contrary to freedoms granted in European Union treaties, the EU's highest court ruled Thursday.

GDF Suez: Made Natural Gas Discovery In Algeria

Πεμ, 8 Νοεμβρίου 2012 - 17:40

GDF Suez SA (GSZ.FR) Thursday announced the discovery of natural gas in the Illizi basin in south-east Algeria.

OPEC's El-Badri: Not Concerned about Increasing Shale Supply

Πεμ, 8 Νοεμβρίου 2012 - 17:39

The Organization of the Petroleum Exporting Countries is not particularly concerned about the rise of shale gas production in the U.S., the group's secretary general said Thursday.

Romania Plans Public Offering for 15% of Lignite Energy Holding

Πεμ, 8 Νοεμβρίου 2012 - 14:07

Romania plans to launch an initial public offering in a lignite-fired energy holding in 2013, hoping to list 15% and raise EUR400m, Constantin Balasoiu, one of the directors of power holding Oltenia was quoted saying by state news agency Agerpres, Reuters reported.

BP, Total, Statoil To Acquire TANAP Stakes

Τετ, 7 Νοεμβρίου 2012 - 16:51

U.K oil and gas company BP BLC (BP), together with France's Total SA (TOT) and Norway's Statoil ASA (STO) will acquire a combined 29% share in the Trans-Anatolian natural-gas pipeline project, or TANAP, from Azerbaijan's state energy company SOCAR, the SOCAR president said Wednesday.

Libya NOC Chairman Sees 1Q Oil Production at Least 1.7M Barrels/Day

Τετ, 7 Νοεμβρίου 2012 - 16:50

Libya's oil production will reach projected levels by the first quarter of next year, the chairman of Libya's National Oil Company Nuri Berruien said Wednesday.

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.