English Edition

China Investing $20 Billion To Develop Two Iran Oil Fields: Qasemi

Δευ, 9 Ιουλίου 2012 - 17:43

Iran's Oil Minister Rostam Qasemi said China has agreed to invest $20 billion in developing two oil fields which will eventually produce 700,000 barrels per day of crude oil, Iran's Press TV reported Sunday on its website.

Egypt To Press Ahead With Nuclear Power Plans

Δευ, 9 Ιουλίου 2012 - 17:43

Egypt's ministry of electricity says it wants to push ahead with the construction of the country's first nuclear power station, reviving plans drawn up under former president Hosni Mubarak.

Saudi Acwa Acquires 42% Interest in Bulgarian PV Solar Plant

Δευ, 9 Ιουλίου 2012 - 17:42

Acwa Power, a Saudi Arabia-based power and water plant developer, said Monday it has entered a consortium to acquire a solar photovoltaic, or PV, plant in Karadzhalovo, southern Bulgaria, in which it will hold a 42% controlling interest.

Iraq Says Kurdish Oil Exports to Turkey Are Illegal

Δευ, 9 Ιουλίου 2012 - 17:42

Iraq's government Monday said crude-oil exports from the semi-autonomous northern region of Kurdistan to neighboring Turkey are "illegal" and threatened to take "appropriate action," in a continuation of recent of tensions between the two.

Oil, Gas Prices To Rise If Norway Oil Output Stops

Δευ, 9 Ιουλίου 2012 - 17:42

The price of oil and gas from Norway is on the brink of a sharp increase unless the Norwegian government steps in to prevent a costly shutdown of all production in Western Europe's largest oil exporter, European traders and analysts said Monday.

Oil Terminals in East Libya Forced Shut

Παρ, 6 Ιουλίου 2012 - 18:32

Two oil terminals in east Libya were forced to halt production Thursday by federalism backers, local sources said.

Brent May Average $125/Bbl In 2013 -Barclays

Παρ, 6 Ιουλίου 2012 - 18:32

The average Brent crude price in 2013 will likely be $125/bbl, while Nymex crude may average $115/bbl, after factoring in market balances and a "faster pace of international geopolitics in 2013 and greater market attention to the geopolitical background" compared with 2012, Barclays says.

BP Says Talks Ongoing on Abu Dhabi Concessions

Παρ, 6 Ιουλίου 2012 - 18:31

BP PLC (BP) has downplayed a report that it has been snubbed by Abu Dhabi's national oil company in preliminary bidding for rights to develop the emirate's largest onshore oil fields.

California First American State to top 1,000MW in Solar Power

Παρ, 6 Ιουλίου 2012 - 12:28

California has become the first state in the nation to install 1,000MW of rooftop solar capacity, reaching that mark last year.

The Renewable Energy Surcharge is Unjustifiably High, Says Bulgarian PV Association

Παρ, 6 Ιουλίου 2012 - 12:27

The renewable energy surcharge, which is said to be a major reason for the 13% electricity price spike from July 1, is "unjustifiably high", according to Nikola Gazdov, Chair of the Bulgarian Photovoltaic Association (BPA).

France To Limit Natural Gas Tariffs Increases To Inflation

Πεμ, 5 Ιουλίου 2012 - 17:30

Natural gas tariffs won't rise in France by more than the rate of inflation, French newspapers said Thursday, reporting remarks made by Prime Minister Jean-Marc Ayrault in a TV interview overnight.

Algeria May Lose $20 Billion Revenue If Oil Prices Continue To Drop

Πεμ, 5 Ιουλίου 2012 - 17:29

OPEC member Algeria may lose $20 billion of its oil revenues in a year if crude prices continue to drop, the country's Energy Minister Youcef Yousfi told state radio late Wednesday, a day after backing an emergency meeting of the oil exporters' group in the event of renewed declines in prices.