English Edition

After Daughter, Iran Arrests Son of Ex-president

Δευ, 24 Σεπτεμβρίου 2012 - 18:08

The son of Iran's former president Akbar Hashemi Rafsanjani was arrested after he returned from abroad on Monday, two days after authorities jailed Rafsanjani's daughter, the official IRNA news agency reported.

Egypt Has Proven Oil Reserves Enough for 17 Years - Minister

Δευ, 24 Σεπτεμβρίου 2012 - 18:08

Egypt has proven oil reserves enough for 17 years, while its gas reserves can last for 20 years, the country's State Information Service, or SIS, reported Monday citing oil minister Osama Kamal.

Moscow Decree Changes Nothing In Gazprom Probe Says EU

Δευ, 24 Σεπτεμβρίου 2012 - 18:08

Russian intervention in an European Union anti-trust probe into Gazprom changes nothing in the case which goes ahead in the best interests of the bloc, Competition Commissioner Joaquin Almunia said Monday.

UAE Oil Production Capacity to Reach About 3 Mln B/D by Yr End

Δευ, 24 Σεπτεμβρίου 2012 - 18:07

The United Arab Emirates' oil production capacity should increase to about 3 million barrels a day by the end of the year, the country's OPEC Governor said on Monday.

Total Raises 2011-2015 Annual Oil Output Growth Target To 3%

Δευ, 24 Σεπτεμβρίου 2012 - 18:07

French energy giant Total SA (TOT) said Monday it has raised its annual average production growth target to 3% for the period 2011-2015.

Possible BP Stake In Rosneft Positive - Alfa

Δευ, 24 Σεπτεμβρίου 2012 - 18:07

BP's (BP) interest in taking a stake in OAO Rosneft (ROSN.RS) is positive for the Russian oil giant and should improve sentiment around the stock, says Alfa Bank analyst Maria Yegikyan.

Greece’s Independent Power Producers Object to the Abolition of the Cost Recovery Mechanism

Παρ, 21 Σεπτεμβρίου 2012 - 18:02

Speaking at a press conference in Athens, the chairman of the “Hellenic Association of Independent Power Producers” (www.haipp.gr), Mr. Anastassios Kallitsantsis, noted that investments for power generation from natural gas in Greece are totally in line with the 2020 Climate Change strategy of the EU, the IEA 2050 Road Map and the overall trends in the global energy market

Exxon Will Buy Shale Assets For $1.6 Billion

Παρ, 21 Σεπτεμβρίου 2012 - 16:59

In a bid for more U.S. oil production, Exxon Mobil Corp. agreed to buy Denbury Resources Inc.'s assets in the Bakken Shale for $1.6 billion in cash and interests in two oil fields.

Gazprom Calls For Special Tax Rates for Yamal, Far East, Shelf

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

Gazprom OAO (GAZP.RS) called for the government to reach a decision on introducing differentiated mineral extraction tax rates for gas fields on the Yamal Peninsula, in the Far East and East Siberia and on the Arctic shelf, Chief Executive Alexei Miller told reporters in Sochi Friday.

BP Looking to Buy 12% Stake in Tanap Pipeline Across Turkey

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

Energy giant BP PLC (BP) is looking to buy a 12% stake in the Trans-Anatolian Pipeline, in yet another move showing the company's determination to get a grip on the whole route expected to bring the first Caspian natural gas ever to Europe before the end of the decade.

Drop in Iran Oil Exports Could Be Temporary

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

The recent slump in Iranian oil exports could prove short-lived, as Asian countries find ways to circumvent Western sanctions, which led to a drop in exports to below 1 million barrels a day in August, according to some estimates, says the Centre for Global Economic Studies.

BP Still Keen on Russia Despite Troubled Joint Venture

Παρ, 21 Σεπτεμβρίου 2012 - 16:57

BP PLC said Friday it aims to stay in Russia for decades to come and could use some of the proceeds from the potential sale of its stake in joint venture TNK-BP to increase its holding in Russian oil giant OAO Rosneft.

Energy Regulator Approves 0.67% Cut in Q4 NatGas Prices

Παρ, 21 Σεπτεμβρίου 2012 - 14:11

Bulgaria's energy regulator said it approved a proposal for a 0.67% quarterly reduction in the price of domestic natural gas in the fourth quarter of the year.