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Istanbul Natural Gas Distribution to be Put to Tender Before the Year End

Istanbul Natural Gas Distribution to be Put to Tender Before the Year End

Τετ, 5 Οκτωβρίου 2011 - 14:43

Turkey’s largest gas distribution company, the Istanbul Natural Gas Distribution Co. (IGDAS), is to be put to tender before the year end for privatization, according to Istanbul Metropolitan Municipality (IBB) Secretary General, Adem Basturk. Supplying gas to the country’s most populous city, IGDAS is a highly sought after asset by international investors with its 4 million customers using 4 billion cubic meters of natural gas per year.

OPECs Oil Price Below $100/Bbl, First Time Since Feb

OPEC's Oil Price Below $100/Bbl, First Time Since Feb

Τρι, 4 Οκτωβρίου 2011 - 17:10

The average selling price for a range of crude oil grades produced by the Organization of Petroleum Exporting Countries has dipped below $100 a barrel for the first time since February, according to data posted on the group's website Tuesday.

European Union Favors Continuation Of Kyoto Protocol

European Union Favors Continuation Of Kyoto Protocol

Τρι, 4 Οκτωβρίου 2011 - 17:09

Lending support to a demand from developing countries for extension of the Kyoto Protocol, the European Union Tuesday favored the continuation of the global pact that is aimed at reducing greenhouse gas emissions.

Alstom To Supply EUR110M Worth Of Equipment To AEP

Alstom To Supply EUR110M Worth Of Equipment To AEP

Τρι, 4 Οκτωβρίου 2011 - 17:09

French power engineering and train company Alstom SA (ALO.FR) Tuesday said it has agreed with American Electric Power Co. Inc. (AEP) to supply equipment worth EUR110 million to upgrade the turbines of the U.S. company's coal-fired power plants.

EU Executive Agrees Oil Sands CO2 Value

EU Executive Agrees Oil Sands CO2 Value

Τρι, 4 Οκτωβρίου 2011 - 17:09

The European Union's executive body will propose that oil extracted from sands should be treated as dirtier than conventional oil, a move set to add to an ongoing spat with Canada, a major producer of oil from sands.

DEPA CEO: Greece-Bulgaria Gas Connector Ready in 2013

DEPA CEO: Greece-Bulgaria Gas Connector Ready in 2013

Τρι, 4 Οκτωβρίου 2011 - 13:36

ITGI, the Turkey-Greece-Italy Interconnector,offers the quickest way to open up the Southern Gas corridor, and could pump Azeri gas into Bulgaria as soon as from 2013, Harry Sachinis, Chairman & CEO Public Gas Corporation of Greece (DEPA), told EurActiv in an exclusive interview.

Southern Corridor Competitors Bid for Azeri Gas

Southern Corridor Competitors Bid for Azeri Gas

Τρι, 4 Οκτωβρίου 2011 - 13:10

Competitors in the race to give life to the 'Southern gas corridor,' aimed at supplying Europe with non-Russian gas sources, have all lodged bids to obtain the 10 billion cubic meters per year which will be available from the offshore Shah Deniz II field in Azerbaijan.

Chevron Technology Ventures Launches Worlds Largest Solar Enhanced-Oil-Recovery Project

Chevron Technology Ventures Launches World's Largest Solar Enhanced-Oil-Recovery Project

Δευ, 3 Οκτωβρίου 2011 - 18:35

Chevron Technology Ventures, a division of Chevron U.S.A. Inc. that identifies, evaluates and demonstrates emerging technologies, today launched a unique demonstration project to test the viability of using solar energy to produce oil. The project uses over 7,600 mirrors to focus the sun's energy onto a solar boiler. The steam produced is injected into oil reservoirs to increase oil production. The project is the largest of its kind in the world.

Iraq Oil Output Hit Post-war High At 2.9 Mln B/D

Iraq Oil Output Hit Post-war High At 2.9 Mln B/D

Δευ, 3 Οκτωβρίου 2011 - 18:34

Iraq's crude oil output Monday hit 2.9 million barrels a day, the highest level achieved since the U.S.-led war against Iraq in 2003, the country's oil minister said in a statement.

Brent Could Hit $60-70 If GDP Growth Slumps

Brent Could Hit $60-70 If GDP Growth Slumps

Δευ, 3 Οκτωβρίου 2011 - 18:33

Brent crude oil could sink to $60-70/barrel next year if global GDP growth slows sharply to below 1% and OPEC has difficulty cutting output to balance declining demand, muses JPMorgan.

TAP Submits its Bid to Shah Deniz Consortium

TAP Submits its Bid to Shah Deniz Consortium

Δευ, 3 Οκτωβρίου 2011 - 17:39

This weekend marked an historic moment for the TAP project. On Saturday, 1st of October 2011, we submitted ourproposal to transport 10 billion cubic metres of gas a year from the giant Shah Deniz II field in Azerbaijan to the energy markets of Europe.By opening up the Southern Gas Corridor, TAP would help bring the new sources of gas from the Caspian region that will ensureEurope’s security of supply.