English Edition

New Gas Contract Between Bulgaria and Russia To Be Signed by the End of the Summer

Τετ, 11 Απριλίου 2012 - 12:34

Delyan Dobrev, Minister of Economy, Energy and Tourism, has suggested that the new gas contract between Bulgaria and Russia should be signed by the end of the summer.

Bulgaria To Continue to Export Power - PM

Τρι, 10 Απριλίου 2012 - 18:04

Bulgaria is not threatened by power shortage despite quitting a project to build a nuclear plant and will continue exports as it produces twice as much electricity as it consumes, prime minister Boiko Borisov said.

Azerbaijan To Lift Natural Gas Output To 30 BCM In 2015

Τρι, 10 Απριλίου 2012 - 18:04

Azerbaijan plans to increase its natural gas production to 30 billion cubic meters in 2015 from 25.7 billion cubic meters last year, the head of state oil and gas company Socar, Rovnaq Abdullayev, said Tuesday.

Russia Should Fully Implement Privatization Plan - Medvedev

Τρι, 10 Απριλίου 2012 - 18:03

Russia should carry out in full its plan to sell stakes in state-owned companies, President Dmitry Medvedev said Tuesday.

Iran Has Stopped Selling Crude Oil To Spain

Τρι, 10 Απριλίου 2012 - 18:03

Iran has cut oil exports to Spain and is considering taking a similar action against Germany and Italy, Iranian state broadcaster Press TV said Tuesday, citing people familiar with the situation.

Iran Says Israel-Linked Sabotage Ring Busted

Τρι, 10 Απριλίου 2012 - 18:02

Iran's intelligence ministry said it has broken an Israeli-linked "terror and sabotage" network which had its headquarters in an unspecified nearby country, media reports said Tuesday.

RES Power Share Grows

Τρι, 10 Απριλίου 2012 - 16:03

The share of renewable energy sources (RES) in electricity production in Greece more than doubled within five years, climbing from 2.1 percent in 2006 to 5.2 percent last year, according to a survey by ICAP that will be presented on April 5.

Kepco Unit Signs $3.4 Bln Deal With Vitol To Buy LNG

Δευ, 9 Απριλίου 2012 - 16:10

Korea Midland Power said Monday that it has struck a $3.4 billion deal with Switzerland's Vitol SA to buy liquefied natural gas under a long-term contract.

Spain's Gas Natural In Talks To Buy BG's Gujarat Gas Stake

Δευ, 9 Απριλίου 2012 - 16:10

Spanish utility Gas Natural (GAS.MC) is in talks with BG Group Plc (BG.LN) to buy the U.K. oil and gas company's 65% stake in India's Gujarat Gas Co. Ltd. (523477.BY), Reuters reported Sunday, citing an unnamed source.

No Need For OPEC To Increase Production - OPEC President

Δευ, 9 Απριλίου 2012 - 16:09

The president of the Organization of Petroleum Exporting Countries, OPEC, said Monday the organization is producing enough crude oil, and political situations are to blame for the current high oil prices.

Kuwait Oil Output Steady At 3M B/D - Official

Δευ, 9 Απριλίου 2012 - 16:08

OPEC member Kuwait's oil production is averaging 3.0 million barrels a day, a senior official said Monday, an output level it has kept up for the past seven months.

China 1Q Coal Output Rises 5.8% To 838 Mn Tons

Δευ, 9 Απριλίου 2012 - 16:08

China's coal output in the first three months totaled 838 metric million tons, up 5.8% from a year ago, Shanghai Securities News reported Monday, citing figures from the China Coal Industry Association.

UAE Has Highest Break-even Oil Price In GCC Region -ENBD

Δευ, 9 Απριλίου 2012 - 16:08

Of the main GCC oil producers, the U.A.E. has the highest break-even oil price at just under $107 a barrel for 2012, followed by Saudi Arabia with an estimated 2012 break-even oil price of around $80 per barrel, says Emirates NBD in a note to clients Monday.