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Bulgaria Top Court: No Halt to Operations for Lukoil

Bulgaria Top Court: No Halt to Operations for Lukoil

Πεμ, 11 Αυγούστου 2011 - 11:59

Bulgaria's top court upheld Wednesday a previous ruling providing that the Lukoil Neftochim should stay in operation until the legality of its revoked tax warehouse operator license is finally decided.

New Horizons for the Introduction of Fuel Blends with a Higher Concentration of Ethanol

New Horizons for the Introduction of Fuel Blends with a Higher Concentration of Ethanol

Πεμ, 11 Αυγούστου 2011 - 10:47

Started three years ago, EQUIMOTOR PLUS, an R&D project financed through the EUREKA initiative, benefited from the brains of some of the brightest researchers in the four corners of Europe. Together, technicians from Spain, the Czech Republic, Finland, Germany and the United Kingdom worked together to overcome one of the main technological obstacles to an economy based on green energies.

More Generators Give Cyprus a Power Boost

More Generators Give Cyprus a Power Boost

Πεμ, 11 Αυγούστου 2011 - 10:46

Temporary power generators from overseas along with efforts to repair destroyed power supplies are beginning to yield results - enhancing Cyprus' electricity demands after last month's power station blast.

China has Launched a Five-Month Inspection Campaign for Rare Earths

China has Launched a Five-Month Inspection Campaign for Rare Earths

Πεμ, 11 Αυγούστου 2011 - 10:45

In an attempt to retain its monopoly over rare earths, China has launched a five-month inspection campaign. The campaign aims to crack down on rare earth production that is not in line with government regulations; Country’s official news agency Xinhua reported quoting Industry Ministry.

IEA: Annual Growth In Global Refinery Runs To Resume In 3Q

IEA: Annual Growth In Global Refinery Runs To Resume In 3Q

Τετ, 10 Αυγούστου 2011 - 14:09

Global refinery crude runs are expected to resume annual growth in the third quarter, after the second quarter runs were at about the same level as a year ago, the International Energy Agency said in its monthly oil market report Wednesday.

Indonesia Oil Output May Decline 6% Next Year To 860,000 B/D

Indonesia Oil Output May Decline 6% Next Year To 860,000 B/D

Τετ, 10 Αυγούστου 2011 - 14:09

Indonesia's crude-oil production will continue on its declining path in the absence of any significant new projects, with output projected to decline another 6% next year to 860,000 barrels a day, the International Energy Agency said Wednesday.

IEA: Saudi Oil Production In June Highest For 30 Years

IEA: Saudi Oil Production In June Highest For 30 Years

Τετ, 10 Αυγούστου 2011 - 14:08

OPEC kingpin Saudi Arabia's oil production in June reached its highest level in three decades, averaging 9.8 million barrels a day, the International Energy Agency said Wednesday.

Brent Premium To WTI Exceeds $24 A Barrel, Sets New Record

Brent Premium To WTI Exceeds $24 A Barrel, Sets New Record

Τετ, 10 Αυγούστου 2011 - 14:08

The gap between the two global benchmark futures contracts, Brent crude and U.S. West Texas Intermediate, Wednesday widened to a new record high of $24.01 a barrel, as U.S. crude prices are under more pressure amid worries over the state of the U.S. economy and weaker demand for oil.

TNK-BP Minorities Say Failed Rosneft Deal Caused RUB87B Loss

TNK-BP Minorities Say Failed Rosneft Deal Caused RUB87B Loss

Τετ, 10 Αυγούστου 2011 - 14:07

A group of minority shareholders in BP PLC's (BP) Russian joint venture TNK-BP said Wednesday they assess damages for a missed opportunity to replace the U.K. oil major in an Arctic exploration deal with state oil producer OAO Rosneft (ROSN.RS) at 87 billion rubles ($2.96 billion).

Tepco Logs Record $7.4B 1Q Net Loss On Disaster Costs

Tepco Logs Record $7.4B 1Q Net Loss On Disaster Costs

Τρι, 9 Αυγούστου 2011 - 15:39

Tokyo Electric Power Co. (9501.TO) said Tuesday it logged a massive $7.4 billion net loss for the three months through June, with its red ink snowballing on higher fuel and compensation costs as it continues to grapple with the Fukushima Daiichi nuclear disaster.

Sinohydro Likely To Win $1.2B Hydropower Project In Costa Rica

Sinohydro Likely To Win $1.2B Hydropower Project In Costa Rica

Τρι, 9 Αυγούστου 2011 - 15:38

Sinohydro Group Ltd., which built China's Three Gorges Dam, is close to winning a $1.2 billion project to build a 300-megawatt hydroelectric power plant in Costa Rica, the country's ambassador said Tuesday.

Fukushima Evacuation Order To Be Lifted In Some Areas

Fukushima Evacuation Order To Be Lifted In Some Areas

Τρι, 9 Αυγούστου 2011 - 15:38

In a preliminary step toward rebuilding the area around the stricken Fukushima Daiichi plant, an evacuation designation will be lifted for some places next month for the first time since the crisis began in March.