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Iraq Begins First Oil Payment of $547M to Kurdish Regional Government

Τετ, 3 Οκτωβρίου 2012 - 16:47

The Iraqi finance ministry has begun payment of 650 billion Iraqi dinars ($547 million) to the Kurdistan Regional Government to pay foreign contractors in the oil industry as part of an agreement reached between the two sides earlier this month, an Iraqi government official said Tuesday

Protest, Scuffles With Police In Iran Over Currency Crisis

Τετ, 3 Οκτωβρίου 2012 - 16:43

A protest and scuffles with police occurred in central Tehran Wednesday in the first sign of public unrest over Iran's plunging currency, which this week has lost more than half its value. Hundreds of police in anti-riot gear stormed the capital's currency exchange district of Ferdowsi, arresting illegal money changers and ordering licensed bureaus and other shops closed, witnesses told AFP

Vestas Awarded 68MW Wind Turbines Order For UK Wind Farm

Τρι, 2 Οκτωβρίου 2012 - 17:53

Danish Vestas Wind Systems A/S (VWS.KO), the world's largest maker of wind turbines, said Tuesday it has secured a contract for the delivery of 34 wind turbines, or a total electricity output capacity of 68 megawatts, for a U.K. wind farm project.

Kuwait Starts Deploying Guards on Oil Tankers Against Piracy

Τρι, 2 Οκτωβρίου 2012 - 17:53

Kuwait Oil Tanker Co., or KOTC, has started deploying armed guards aboard oil and natural gas tankers to protect them against pirates, the state-run Kuwait News Agency, or KUNA, reported Tuesday, citing Bader Alkhashti, the firm's chairman and managing director.

Rosneft Possible Buy of TNK-BP Stake May Be Good for State -Putin Spokesman

Τρι, 2 Οκτωβρίου 2012 - 17:52

The Kremlin isn't against OAO Rosneft's (ROSN.RS) possible purchase of a stake in BP PLC's (BP) Russian joint venture TNK-BP (TNBP.RS), President Vladimir Putin's spokesman said Tuesday, adding it could be "beneficial for the state" if the state-controlled oil major decides such a deal is beneficial for the company.

BP to Increase BTE Capacity to 60 BCM a Year

Τρι, 2 Οκτωβρίου 2012 - 13:50

BP has agreed to increase the capacity of the Baku-Tbilisi-Erzurum (BTE) gas pipeline, also known as the South Caucasus pipeline, to up to 60 billion cubic metres a year.

S Korea September Crude Imports 80.8 Mln Bbl; Up 0.3% on Year

Δευ, 1 Οκτωβρίου 2012 - 17:45

South Korea's September crude-oil imports rose 0.3% compared with a year earlier, to 80.8 million barrels, the Ministry of Knowledge Economy said Monday.

Iraq Oil Exports Rise In September Earning Around $8.4 Billion - SOMO

Δευ, 1 Οκτωβρίου 2012 - 17:45

Iraq's crude oil exports in September went up by 1.4% to 2.6 million barrels a day, compared with 2.565 million barrels a day in August, thanks to the resumption of crude oil from the semi-autonomous region in Kurdistan.

EU Energy Chief: No Time for Complacency on Nuclear Power Safety

Δευ, 1 Οκτωβρίου 2012 - 17:44

The safety situation of Europe's nuclear power plants is generally satisfactory but there is no compromise to be made on the issue, the European Energy Commissioner said Monday.

Eni CEO Sees Europe's Gas Demand Dropping 5%-6% in 2012

Δευ, 1 Οκτωβρίου 2012 - 17:44

Europe's natural gas consumption is estimated to fall between 5% and 6% this year compared with 2011, the chief executive of Eni SpA (E), Italy's biggest energy company by market value, said Monday.

AAR Seeks to Buy BP's Stake in Russian Venture

Δευ, 1 Οκτωβρίου 2012 - 17:44

BP PLC's (BP.LN) partners in TNK-BP said Monday they are seeking to raise at least $20 billion to buy out the U.K. oil giant's 50% stake in the Russian joint venture, potentially setting up competition with OAO Rosneft (ROSN.RS) for the stake.

Edison to Get EUR250M from Eni in Arbitration Case

Δευ, 1 Οκτωβρίου 2012 - 17:43

Italian energy utility Edison S.p.A. Monday said it had won an arbitration case against Eni S.p.A. (ENI.MI) and expected to gain more than 250 million euros ($321 million) from it at the level of earnings before interest, taxes, depreciation and amortization, or Ebitda.

Greece Power Workers Call Rotating Strikes

Παρ, 28 Σεπτεμβρίου 2012 - 18:33

Greek power workers Friday announced plans to begin rolling 48-hour strikes as early as next week to protest the new austerity measures the government is demanding from its increasingly restive population.