1. English Edition

English Edition

Indian Oil Minister: Imports Of Iranian Crude Continuing

Indian Oil Minister: Imports Of Iranian Crude Continuing

Τετ, 13 Ιουνίου 2012 - 18:28

"We are continuing to import oil from Iran. Naturally because of many problems with regards to insurance and all that, the percentage may not be as high as has been in the past. But our imports continue," said Mr. Reddy. U.S. and European sanctions against Tehran for its alleged nuclear-weapons program have created insurance and bank-settlement obstacles for shipments by Indian refiners from Iran

Committed To Russia Despite Plan To Sell TNK-BP Stake

Committed To Russia Despite Plan To Sell TNK-BP Stake

Τετ, 13 Ιουνίου 2012 - 18:26

BP plans to remain in Russia despite earlier this month announcing it intends to sell its half of the TNK-BP joint venture, Chief Executive Bob Dudley said Wednesday. "We remain committed to Russia," said Dudley. "We have other businesses in Russia beside TNK-BP."

IEA Warns On Iran Supply Risk To Global Oil Market

IEA Warns On Iran Supply Risk To Global Oil Market

Τετ, 13 Ιουνίου 2012 - 17:28

The global oil market is looking "better supplied" than earlier this year mostly due to a ramp up in OPEC production, but the impact of sanctions and a European Union embargo on Iranian oil output raise the risk of a tighter market from the summer onwards, the International Energy Agency said Wednesday. The IEA's warning comes as ministers from the Organization of the Petroleum Exporting Countries meet this week to discuss their output amid worries from some of the group's members that falling oil prices and rising oil inventories are indicating an oversupplied market

Areva Finds 20,000 Tons Of Uranium In Jordan

Areva Finds 20,000 Tons Of Uranium In Jordan

Τρι, 12 Ιουνίου 2012 - 17:51

French nuclear giant Areva S.A. (AREVA.FR) said Tuesday it has discovered more than 20,000 tons of uranium in Jordan, which is trying to develop atomic energy to meet its growing needs.

Greece Unblocks Funds to Help Ease Energy Crisis- Court Official

Greece Unblocks Funds to Help Ease Energy Crisis- Court Official

Τρι, 12 Ιουνίου 2012 - 14:16

Greek court officials plan to release 40 million euros ($50 million) in emergency funds to provide liquidity to the country's cash-strapped energy system and help avert a looming power crisis, a court official said on Tuesday.

Turkey to Buy Oil from Libya After Reducing Iranian Imports

Turkey to Buy Oil from Libya After Reducing Iranian Imports

Τρι, 12 Ιουνίου 2012 - 14:14

Turkey has struck a one-million-ton oil supply deal with Libya after reducing imports of Iranian crude under pressure from the United States and international community, the Turkish energy minister said Tuesday.

Iraq Producing 3 Mln B/D, Eyeing 2.9 Mln B/D Exports

Iraq Producing 3 Mln B/D, Eyeing 2.9 Mln B/D Exports

Δευ, 11 Ιουνίου 2012 - 17:05

Iraq is producing 3 million barrels of oil a day, and is targeting to raise its daily crude oil exports to 2.9 million barrels from 2.4 million barrels at present, the country's oil minister said Monday.

TEPCO to Buy 1 Million Tons LNG a Year From Qatar

TEPCO to Buy 1 Million Tons LNG a Year From Qatar

Δευ, 11 Ιουνίου 2012 - 17:04

Tokyo Electric Power Co. Inc. (9501.TO) said Monday that it has signed a new contract to buy one million tons of liquefied natural gas from Qatar every year.

Brazil Petrobras April Domestic Oil Output at 1.961 Mln Bbl/Day

Brazil Petrobras April Domestic Oil Output at 1.961 Mln Bbl/Day

Δευ, 11 Ιουνίου 2012 - 17:04

Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Friday that domestic crude oil output slipped for a third consecutive month in April because of maintenance work at several platforms and the shutdown of the Frade field.

Greek Power Company DEH Seeks Bank Loan to Roll Over Debt

Greek Power Company DEH Seeks Bank Loan to Roll Over Debt

Δευ, 11 Ιουνίου 2012 - 16:35

Greece's biggest power utility PPC applied for a loan with the Loans and Consignment Fund, a state-run bank, as part of efforts to roll over its debt, two sources familiar with the deal said on Monday.

Gazprom Neft Has No Plans To Buy BPs Stake in TNK-BP

Gazprom Neft Has No Plans To Buy BP's Stake in TNK-BP

Παρ, 8 Ιουνίου 2012 - 15:36

The head of Gazprom Neft said Friday the company has no intention to buy BP's stake in TNK-BP, Prime news agency reported Friday. "We haven't received an offer to buy BP's stake, we haven't looked into the possibility of acquiring BP's stake in TNK-BP, we haven't offered to acquire BP's stake in TNK-BP ourselves," Gazprom Neft's head Alexander Dyukov told reporters