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National Renewable Energy Action Plan Launched in Tirana, Albania

Τρι, 29 Μαΐου 2012 - 10:40

A roundtable discussion was organized in Tirana to launch the draft national renewable energy action plan for Albania and to discuss the legal framework for the promotion of solar water heating. The event organized by the Ministry of Economy, Trade and Energy (METE) and UNDP Climate Change Programme brought together energy and environmental experts, representatives from several line ministries and local government authorities, donors, representatives of international organizations, and civil society organizations.

ITAR-TASS: Nabucco Project to Be Dropped by June

Τρι, 29 Μαΐου 2012 - 10:39

The EU-backed Nabucco natural gas pipeline project may be dropped for good by late June, according tothe ITAR-TASS News Agency, which has cited London business circles.

Iran May Rethink 20% Enrichment: Foreign Ministry Spokesman

Δευ, 28 Μαΐου 2012 - 17:46

Iran may accept to negotiate its ongoing enrichment of uranium to higher levels if the West recognizes it has the "right" to do so for peaceful purposes, its foreign ministry spokesman said on Sunday.

Crude Up 1% As Hopes Rise On Greece Opinion Polls

Δευ, 28 Μαΐου 2012 - 17:46

The Spanish government is looking to raise between EUR20 billion and EUR30 billion from an ambitious plan of privatizations, which is expected to be approved before the summer, Spanish news agency Europa Press reported Sunday, citing sources at the Finance Ministry.

Saudi Aramco Says Crude Reserves Slipped, Output Rose In 2011

Δευ, 28 Μαΐου 2012 - 17:45

State-owned Saudi Arabian Oil Co., or Aramco, said Monday its recoverable and proven crude oil and condensate reserves slipped slightly to 259.7 billion barrels in 2011 from 260.1 billion barrels a year earlier, but its total output of crude oil and gas increased during the period.

OPEC Spare Capacity in the First Quarter of 2012 at Lowest Level since 2008

Δευ, 28 Μαΐου 2012 - 16:25

The U.S. Energy Information Administration (EIA) estimates that global spare crude oil production capacity averaged about 2.4 million barrels per day (bbl/d) during the first quarter of 2012, down about 1.3 million bbl/d from the same period in 2011 (see chart above).

Bulgaria Still Confident in the Nabucco Gas Pipeline Project

Δευ, 28 Μαΐου 2012 - 14:13

Bulgaria's representative in Nabucco Gas Pipeline International is working hard to dispel claims that the EU-backed energy diversification project is unfeasible.

EU Says Iran Oil Embargo To Go Ahead On July 1

Παρ, 25 Μαΐου 2012 - 17:48

The European Union said Friday that it plans to press ahead with an embargo on Iranian oil starting on July 1, after two days of talks over Tehran's controversial uranium enrichment program failed to bridge differences.

Gazprom CEO: Shtokman Project May Consider New Partners

Παρ, 25 Μαΐου 2012 - 17:47

OAO Gazprom (GAZP.RS) is considering including foreign partners in the development of the Shtokman project, the company's CEO told reporters on Friday, following a meeting with President Vladimir Putin.

Indonesian President: BP To Invest $11B In Gas Project

Παρ, 25 Μαΐου 2012 - 17:47

BP PLC (BP) is to invest $11 billion in a natural gas project in eastern Indonesia, Reuters reported Friday on its website, citing a statement issued by Indonesian President Susilo Bambang Yudhoyono.

Libya Says Oil Contracts Under Review

Παρ, 25 Μαΐου 2012 - 16:23

Libya's interim prime minister Abdurrahim El-Keib said that Libya is reviewing all contracts signed by the previous regime in the oil sector and all other sectors for any evidence of corruption or illegal practice.

BP Wants Smaller Nabucco Option

Παρ, 25 Μαΐου 2012 - 16:23

BP will not consider shipping gas from its Shah Deniz Stage 2 Gas field in Azerbaijan through the original plans of the Nabucco pipeline, forcing the EU-backed project to offer a smaller alternative.

Cyprus Can Become a Gas Storage Hub for the EU

Παρ, 25 Μαΐου 2012 - 14:19

The energy sector in Cyprus, in relation to both domestic and global developments, is at a critical juncture, Under Secretary to the President Titos Christofides said in a speech on behalf of President Demetris Christofias at the Energy Gas Storage Summit 2012 in Prague.