English Edition

Iraq Earns $8.8B From Oil Sales In April; Highest For Decades

Δευ, 21 Μαΐου 2012 - 16:37

Iraq's revenues from oil sales in April climbed to $8.79 billion, the highest the Middle Eastern country has achieved for decades, the oil ministry said in a statement Monday, adding that Iraq had sold its oil at an average price of $116.8 a barrel.

Deputy Economy Minister Enters Power Grid Operator Board

Δευ, 21 Μαΐου 2012 - 12:57

The state-run Bulgarian Energy Holding (BEH) said it appointed deputy economy minister Evgenia Haritonova as member of the board of directors of the state power grid operator NEK.

Kurdistan Pipeline to Start Exports in 2013

Δευ, 21 Μαΐου 2012 - 12:46

Iraq's autonomous Kurdistan region expects to start exporting its oil along a new pipeline to the Turkish border by August 2013, defying Baghdad in a long-running dispute over who controls the country's oil sales.

Iran Makes Caspian Oil Discovery

Δευ, 21 Μαΐου 2012 - 12:45

Iran has made an oil discovery in its sector of the Caspian Sea, which it claims could contain around 7bn-10bn bl of crude.

Japan Govt To Ask For Power Usage Cuts At Peak Times This Summer

Παρ, 18 Μαΐου 2012 - 18:28

The Japanese government will likely ask for power usage cuts across most of the country in the peak summer demand period as all of the nation's nuclear plants remain offline, according to a draft report compiled by a government-affiliated panel.

Total: Fallout Of Arab Spring Will Sustain High Prices

Παρ, 18 Μαΐου 2012 - 18:27

High oil prices will be sustained in part through increased social spending by Middle Eastern governments in the wake of the Arab spring, Total SA (TOT) Chief Economist Pierre Sigonney said Friday.

Turkey Warns Of Reprisals Over Cyprus Energy Projects

Παρ, 18 Μαΐου 2012 - 18:27

Turkey Friday threatened reprisals against companies bidding for oil and gas drilling projects off Cyprus, in the latest spat between Ankara and the island's internationally recognized government.

WTI Discount To Brent Likely Permanent - Total SA

Παρ, 18 Μαΐου 2012 - 18:27

The current discount that WTI crude has to Brent is likely to be permanent, although it will narrow as pipelines carry more oil away from the Cushing pricing hub in Oklahoma, says Total SA's (TOT) Chief Economist Pierre Sigonney.

Qatar Producing Crude Oil At Full Capacity

Παρ, 18 Μαΐου 2012 - 18:26

Qatar is producing crude oil at full capacity and sticking to its OPEC quota, Minister of Energy and Industry Mohammed Bin Saleh Al-Sada said Friday.

IEA: Iran Oil Cut Above 1M B/D Would Mean Tight Oil Market

Παρ, 18 Μαΐου 2012 - 18:26

If western sanctions shut down more than 1 million barrels a day of Iranian oil production, it would lead to a much tighter and more volatile oil market in the second half of this year, said the head of the International Energy Agency's oil markets division, David Fyfe, Friday.

Solar Power Market Braces For US-China Trade Case Decision

Πεμ, 17 Μαΐου 2012 - 17:41

The U.S. solar-power industry has been nervously awaiting a federal decision on whether to impose antidumping tariffs on Chinese solar-panel makers.

Pictures Show North Korea Progressing On Nuclear Reactor

Πεμ, 17 Μαΐου 2012 - 17:41

North Korea appears to be moving ahead with the building of a light-water reactor that could be used to support its nuclear weapons program, according to satellite images released Wednesday.

ExxonMobil Says Asia-Pacific To Account For Third Of Global Gas Demand By 2040

Πεμ, 17 Μαΐου 2012 - 17:41

The need to develop unconventional sources of gas, such as coal seam gas, is increasingly important to meet the rising demand from Asia and an expected surge in gas-fired power stations over the coming decades, an executive at U.S. oil giant ExxonMobil Corp. (XOM) said Thursday.