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Iran Raises Plot With Saudis, In Bid To Retain Regional Pull

Πεμ, 15 Δεκεμβρίου 2011 - 19:18

Iran's diplomatic overture to Saudi Arabia this week appeared designed to smooth over allegations that Tehran had tried to assassinate a top Saudi envoy, suggesting Iran is stepping up efforts to safeguard its role as a key Middle East power player. Tehran is already under pressure from the West over its nuclear program. In recent months, it has come into increasingly pitched diplomatic conflict with Saudi Arabia, its traditional rival for influence in the region

Exxon To Reconsider Kurdistan Deal - Iraqi PM

Πεμ, 15 Δεκεμβρίου 2011 - 19:16

Iraqi Prime Minister Nouri al-Maliki told AFP Thursday that oil giant ExxonMobil Corp has promised to reconsider an exploration deal with Iraqi Kurdistan that Baghdad has strongly opposed. "We had a meeting with (Exxon) in Washington and we discussed the contracts, some of which are located in disputed areas," Maliki told AFP in an exclusive interview as he flew back to Iraq from Washington

China's November Electricity Consumption Up 9.91% On Year

Τετ, 14 Δεκεμβρίου 2011 - 16:31

China's November electricity consumption rose 9.91% from a year earlier to 383.6 billion kilowatt-hours, the National Energy Administration said.

BP Halts Some Output From Iraq Field After Bomb Attack

Τετ, 14 Δεκεμβρίου 2011 - 16:31

BP PLC (BP.LN) has halted output from the southern half of the giant Rumaila oil field in Iraq after a bomb blast hit pipelines in the area late Tuesday.

Libya Targets Oil Capacity At 2.2M Barrels

Τετ, 14 Δεκεμβρίου 2011 - 16:30

Libya hopes to raise its oil capacity to up to 2.2 million barrels a day in coming years, its oil minister said Wednesday, even as the country tries to return to pre-conflict output levels.

Kazakhs Agree Deal To Join Giant BG, Eni Gas Project

Τετ, 14 Δεκεμβρίου 2011 - 16:30

Kazakhstan and the partners in the giant Karachaganak oil and gas venture in the central Asian country said Wednesday they have agreed a resolution to their long-running dispute, allowing state-owned KazMunaiGaz to take a 10% stake in the project for a net cash consideration of $1 billion and the state withdrawing environmental charges and claims of back-taxes.

OPEC Ministers Agree On 30M B/D Output Ceiling

Τετ, 14 Δεκεμβρίου 2011 - 16:30

OPEC has agreed on a group production ceiling of 30 million barrels a day, Venezuelan Oil Minister Rafael Ramirez said Wednesday afternoon.

Venezuela Minister: Saudi Cut Needed To Allow Libya Oil Growth

Τετ, 14 Δεκεμβρίου 2011 - 16:29

Saudi Arabia should reduce its oil-production levels to allow room for Libya's oil output to return to normal pre-war levels, Venezuelan oil minister Rafael Ramirez said Wednesday, following a meeting of the Organization of Petroleum Exporting Countries.

IEC-Tamar Partners $17b Gas Deal in Jeopardy

Τετ, 14 Δεκεμβρίου 2011 - 13:24

The natural gas supply between the Tamar partners, led by Delek Group Ltd. and Noble Energy Inc., and Israel Electric Corporation(IEC) is in jeopardy, because the demand by IEC's board of directors for the lowest price on the market, a source involved in the negotiations told "Globes".

Bulgaria To Start Work on Gas Link with Greece in March

Τετ, 14 Δεκεμβρίου 2011 - 13:22

Bulgaria will start the construction of a gas link with Greece in March, the Bulgarian prime minister said on Tuesday. The construction has been delayed because of the many archeological sites that were discovered on the route of the interconnector, Boiko Borisov said in his address to the participants in an annual get-together of business leaders and top government officials in Sofia.

Chevron May Start Drilling for Shale Gas in Bulgaria 2015

Τρι, 13 Δεκεμβρίου 2011 - 15:52

US energy giant Chevron will start its exploratory drillings for shale gas in Bulgaria in 2015 if the country does not have moratorium in place abolishing shale gas exploration on its territory by then.

Turkey: Russian Gas Deals at Risk as Bids Rejected

Τρι, 13 Δεκεμβρίου 2011 - 15:45

Turkey’s Energy Market Regulation Association (EPDK) started to return applications of the firms that applied to Gazprom to replace state-run Botaş, which is scheduled to cancel its ongoing deal for 6 billion cubic meters, as the 24 companies could not yet reach an agreement with the Russian company.

BG, Eni Expected To Sign Kazakhstan Agreement This Week

Δευ, 12 Δεκεμβρίου 2011 - 16:58

The Kazakh state oil company, KazMunaiGas, is expected to sign an agreement this week with BG Group PLC (BG.LN) and Italy's Eni SpA (E) to acquire a 10% interest in the Karachaganak Petroleum Operating company for $1 billion, ending a bitter two-year tax dispute over the oil field, the Financial Times reports Monday.

EDF Won't Bid For Le Treport Wind Farm Project

Δευ, 12 Δεκεμβρίου 2011 - 16:58

French state-controlled utility Electricite de France SA (EDF.FR) has decided not to bid for the development of a wind farm in Le Treport in northern France, reports French business daily Les Echos Monday.

Socar Sees Shah Deniz-2 Export Route By End-March 2012

Δευ, 12 Δεκεμβρίου 2011 - 16:57

The Shah Deniz consortium will choose a route for transporting Azerbaijani gas to Europe by the end of the first quarter of 2012, the State Oil Company of Azerbaijan said Monday.

Total 2012 Output Seen Boosted By Two Buys

Δευ, 12 Δεκεμβρίου 2011 - 16:57

Total's (TOT, FP.FR) production in 2012 should get a significant boost from two important acquisitions announced last week, says Societe Generale, refering to the buy from GDF Suez (GSZ.FR) of assets in Elgin Franklin Oil and Gas and the increase of its stake in Russia's Novatek (NVTK.RS).