English Edition

Iraq To Approve New Saudi Ambassador For First Time Since 1990

Τρι, 21 Φεβρουαρίου 2012 - 17:46

Iraq will quickly approve the nomination of a non-resident Saudi ambassador, meaning the kingdom will have an ambassador to Iraq for the first time since 1990, the Iraqi premier's spokesman said Tuesday.

Shell Executive: Nigerian Crime Syndicates Stealing 150,000 Barrels Of Oil Daily

Τρι, 21 Φεβρουαρίου 2012 - 17:45

Organized crime syndicates in Nigeria are stealing about 150,000 barrels of oil daily from the maze of pipelines crisscrossing Africa's top oil producer, an executive with Royal Dutch Shell PLC (RDSA) said at a conference Tuesday.

Total: Finalizes Uganda Entry With Tullow, CNOOC

Τρι, 21 Φεβρουαρίου 2012 - 17:45

French oil-and-gas major Total SA (TOT) Tuesday confirmed the finalization of its farm-in with Tullow Oil PLC (TLW.LN) for an interest of 33.33%, covering EA-1 and EA-2 licenses, the new Kanywabata license and the Kingfisher production license in Uganda's Lake Albert region.

Petrofac Gets $329.7M Contract In Iraq's Badra Oil Field

Τρι, 21 Φεβρουαρίου 2012 - 17:44

Iraq and a consortium led by Russia's state oil producer OAO Gazprom Neft (SIBN.RS) have awarded a $329.758 million deal to U.K.-based oil and gas services company Petrofac Ltd. (PFC.LN) to develop the untapped Badra oil field, in eastern Iraq, an Iraqi government spokesman said Tuesday.

CEZ Sales Head: Sharp CO2 Credit Price Increase Needed To Cut Emission

Τρι, 21 Φεβρουαρίου 2012 - 17:44

Prices of carbon dioxide credits would need increase sharply to make the emission reduction program effective by allowing investments in wind power generation, Alan Svoboda, head of sales at CEZ AS (BAACEZ.PR) power utility, said Tuesday.

Toshiba: Got $470M Indian Order For Thermal Power Generators, Units

Δευ, 20 Φεβρουαρίου 2012 - 18:42

Toshiba Corp. (6502.TO) said Monday that its Indian unit has received an order worth around $470 million for three steam turbines and generators from an Indian state-owned energy company.

Greek Refiner Motor Oil Hellas No Longer Buying Iranian Crude

Δευ, 20 Φεβρουαρίου 2012 - 18:41

Greek refiner Motor Oil Hellas is no longer buying Iranian crude, and has not done so for some time, a person at the company told Dow Jones Newswires Monday.

IEA Director: Oil Market Can Cope With Any Lost Iran Exports

Δευ, 20 Φεβρουαρίου 2012 - 18:41

Oil markets could cope with any loss of Iranian oil exports tied to sanctions, including an abrupt cut to the European Union, a top official with the International Energy Agency said Monday.

Iraq January Crude Oil Exports -1.8% At 2.106M B/d - Ministry

Δευ, 20 Φεβρουαρίου 2012 - 18:40

Iraq's crude oil exports in January stood at 2.106 million barrels a day, down 1.8% from 2.145 million barrels a day in December, the country's Oil Ministry said Monday.

Russia, Japan To Study Joint LNG Plant Investment

Δευ, 20 Φεβρουαρίου 2012 - 18:40

A Japanese consortium led by Itochu Corp. (8001.TO) and Russian state gas giant OAO Gazprom (GAZP.RS) have begun an investment study about constructing a liquefied natural gas plant in Russia's Far East, Gazprom said Monday.

Iran Boosts Nuclear Site Defenses, Warns EU On Oil

Δευ, 20 Φεβρουαρίου 2012 - 18:39

Iran deployed warplanes and missiles Monday in an "exercise" to protect nuclear sites and warned it could cut oil exports to more European Union nations unless sanctions were lifted.

Do Not Humiliate the Greeks

Δευ, 20 Φεβρουαρίου 2012 - 17:12

Last Sunday, as the Greek Parliament adopted the latest reforms and austerity measures, hooded arsonists rampaged through central Athens and riot squads hosed protesters with tear gas.

ITGI Out of Running for Shah Deniz

Δευ, 20 Φεβρουαρίου 2012 - 14:54

The BP-led consortium developing the Shah Deniz gas field offshore Azerbaijan has eliminated the Interconnector Turkey-Greece-Italy (ITGI) pipeline option.