English Edition

Rosneft CEO Sechin: Never Considered Buying TNK-BP

Παρ, 1 Ιουνίου 2012 - 18:28

Russian state-owned oil champion Rosneft never considered buying BP PLC's (BP) assets in Russian venture TNK-BP (TNBP.RS), Rosneft's Chief Executive Igor Sechin said, Interfax reported Friday.

OPEC Sees No Need To Cut After Price Drops Below $100

Παρ, 1 Ιουνίου 2012 - 18:28

OPEC producers, including from the Gulf, said Friday they saw no immediate need to cut production despite oil prices dropping below $100 a barrel--the price the organization sees as ideal.

Brent Below $100/Bbl, Could Fall Another $25, Say Analysts

Παρ, 1 Ιουνίου 2012 - 18:27

Brent crude oil prices Friday dropped below the key $100 a barrel level and could fall by up to another $25 a barrel in the next few weeks if the sour sentiment in broader markets continues, analyst and brokers said.

Lukoil Neftochim Refinery will Build Hydrocracking Plant in Bulgaria

Παρ, 1 Ιουνίου 2012 - 16:25

The Lukoil Neftochim Refinery in Bulgaria's Burgas, a subsidiary of the Russian energy giant, and the Bulgarian government broke the ground of a USD 1,5 B hydrocracking catalyst installation that will process petroleum waste.

UK Interested in North Stream Gas - Putin

Παρ, 1 Ιουνίου 2012 - 16:24

Britain and the Scandinavian countries have expressed an interest in deliveries of Russian gas via the North Stream pipeline system in the Baltic, Russian President Vladimir Putin said on Friday during talks with Germany's Chancellor Angela Merkel.

BP May Sell its Stake in TNK-BP

Παρ, 1 Ιουνίου 2012 - 15:12

BP is looking to sell its stake in its UK-Russian joint venture TNK-BP after being approached by a potential buyer.

IENE «6th SEEED» Highlighted the Major Energy Investment Challenges in SE Europe

Παρ, 1 Ιουνίου 2012 - 13:24

The challenges , investment opportunities and the necessary changes across the energy sector were discussed yesterday on the first day of the «6th South East Europe Energy Dialogue» (6th SEEED), organized by the Institute of Energy for South East Europe (IENE), in cooperation the World Energy Council.

China Industry Group Says Wind Tower Tariffs May Hurt U.S. Industry

Πεμ, 31 Μαΐου 2012 - 14:32

A Chinese industry group said Thursday that a U.S. decision to impose tariffs on Chinese wind-turbine towers will have a "negative effect" on related U.S. industries and is an attempt to conceal that U.S. tower manufacturers aren't competitive.

Bulgarian Energy Holding Awards 4.3 Mln Euro Advisory Contract on ESO Split-up from NEK

Πεμ, 31 Μαΐου 2012 - 12:14

State-owned Bulgarian Energy Holding (BEH) has signed a 4.3 million euro ($5.4 million) contract with an international consortium to advise the split-up of the country's Electricity System Operator (ESO) from power grid operator NEK, the energy ministry's press office said.

Bulgaria To Apply for 45 Mln Euro for Energy Efficiency Projects from KIDSF Fund

Πεμ, 31 Μαΐου 2012 - 12:13

Bulgaria will apply for about 45 million euro ($56 million) in financing for energy efficiency projects from the Kozloduy International Decommissioning Support Fund (KIDSF), the CEO of nuclear power plant Kozloduy said.

Computer Virus Briefly Hits Iran’s Oil Industry

Πεμ, 31 Μαΐου 2012 - 10:58

Iran’s key oil industry was briefly affected by the powerful computer virus known as "Flame" that has unprecedented data-snatching capabilities and can eavesdrop on computer users, a senior Iranian military official said Wednesday, APA reports quoting .

Libya State Seizes Turkish Assets in the Country

Πεμ, 31 Μαΐου 2012 - 10:54

Libyan authorities have seized the assets of 338 names, including Turkish companies and individuals, and frozen all transactions, daily Hürriyet reported.

China Finance Ministry: To Increase Support For New Energy Cars

Τρι, 29 Μαΐου 2012 - 14:05

China will launch a series of incentives to support the development of electric and hybrid cars, including an annual subsidy of CNY1 billion-CNY2 billion, the Ministry of Finance said Tuesday.