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Bulgaria Gives Long-Awaited Green Light to Burgas-Alexandroupolis Pipeline

Παρ, 4 Νοεμβρίου 2011 - 12:35

Bulgaria's Environment Ministry has issued a positive ruling on the paperwork submitted to it by "Trans-Balkan Pipeline" for the Environmental Impact Assessment (EIA) of the Burgas-Alexandroupolis oil pipeline project.

Romania's Transgaz 9-Month Net Profit Flat At RON284M

Πεμ, 3 Νοεμβρίου 2011 - 19:02

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Thursday reported a net profit of 283.9 million lei ($90 million) in the first nine months, barely changed from RON284.2 million in the year-earlier period, news agency Mediafax reports.

TNK-BP Minorities File New Suit In $13 Bln Claim Against BP

Πεμ, 3 Νοεμβρίου 2011 - 19:01

A group of minority shareholders in BP PLC's (BP) Russian joint venture TNK-BP Holding (TNBP.RS), who are claiming $13 billion in damages from the U.K. oil major, have filed a new law suit to have a recent vote by the TNK-BP's board declared illegal.

Brent May Drop To $100/Bbl In Weeks -Commerzbank

Πεμ, 3 Νοεμβρίου 2011 - 19:01

Brent crude price may drop to $100 a barrel in the coming weeks, Commerzbank says. "We believe the current oil price level is too high given the fundamental data and the numerous risk factors," it notes.

Greece's Crisis Becomes A Tragedy For Democracy

Πεμ, 3 Νοεμβρίου 2011 - 19:00

These are the personal views of Peter Morici, a professor at the University of Maryland's Robert H. Smith School of Business and former chief economist at the U.S. International Trade Commission:

First Solar Doubles Production in Germany

Πεμ, 3 Νοεμβρίου 2011 - 19:00

First Solar, Inc. (Nasdaq: FSLR) the world's largest manufacturer of advanced, thin-film solar photovoltaic modules, today inaugurated its second manufacturing plant in Frankfurt (Oder) and celebrated the production of the new plant's one millionth module.

Israel's Peres: Cyprus Gas Finds No Threat To Turkey

Πεμ, 3 Νοεμβρίου 2011 - 18:59

Visiting Israeli President Shimon Peres said in Cyprus Thursday that gas finds in the Mediterranean Sea were no threat to Turkey but a positive step for the region.

CEZ May Add 2,000 Megawatts of Green Energy in Romania, ZF Says

Πεμ, 3 Νοεμβρίου 2011 - 14:23

CEZ AS (CEZ), the biggest Czech energy producer, plans to add as much as 2,000 megawatts of renewable energy in Romania as part of a plan to boost green capacity by 3,000 megawatts,Ziarul Financiar reported, citing Jan Veskrna, the chief executive officer of the company’s Romanian unit.

Nuclearelectrica is Launching an Auction to Build Two New Reactors at Cernavoda

Πεμ, 3 Νοεμβρίου 2011 - 14:23

Nuclearelectrica, the Cernavoda nuclear plant operator, is launching an auction to attract investors interested in the EUR 4 billion project to build two new reactors at Cernavoda.

Lukoil Plans to Acquire a 20 MW Wind Turbine Park in Bulgaria

Πεμ, 3 Νοεμβρίου 2011 - 14:22

Lukoil plans to acquire a 20 MW wind turbine park in Bulgarian a deal worth EUR 50 M, according to reports of Russian media. The acquisition of wind power plants is to be wrapped up by end-2011 or the beginning of 2012, the Bulgarian Telegraph Agency (BTA) announced, citing RIA Novosti.

BP-Led Shah Deniz II To Make Investment Decision In 2013

Τετ, 2 Νοεμβρίου 2011 - 18:43

A BP PLC (BP) led consortium working on Azerbaijan's Shah Deniz natural gas field will make a final investment decision on development of the second stage of the field in 2013, the head of Azerbaijan's state energy company Socar, Elshad Nasirov, said Wednesday.

Russia May Pipe Gas To South Korea In 2017

Τετ, 2 Νοεμβρίου 2011 - 18:43

Russia may start shipping natural gas to South Korea by pipeline through North Korea in 2017, the Interfax news agency reports Wednesday citing the head of Russia's state gas firm.

Azerbaijan: New Consortium To Build Turkey Transit Gas Pipeline

Τετ, 2 Νοεμβρίου 2011 - 18:42

A consortium will be created to build a new pipeline that will carry natural gas from Azerbaijan's Shah Deniz II project through Turkey, the deputy head of Azerbaijan's state energy company Socar, Elshad Nasirov, said Wednesday.