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Nord Stream CEO Warnig Joins Russian Pipeline Operator Board

Δευ, 25 Ιουλίου 2011 - 17:45

Matthias Warnig, Chief Executive of the Nord Stream AG pipeline consortium has been appointed to the board of Russian pipeline operator OAO Transneft, replacing energy minister Sergei Shmatko, the company said Monday. The appointment comes after state oil producer OAO Rosneft earlier this month said Warnig is the only candidate to replace Yuri Petrov on its board at an extraordinary general meeting in September

South Korea, India Sign Nuclear Power Cooperation Agreement

Δευ, 25 Ιουλίου 2011 - 17:44

South Korea said Monday that it signed an agreement Monday for nuclear power cooperation with India, providing a legal basis for South Korea's future participation in nuclear power plant projects in India. The agreement was signed after South Korea's President Lee Myung-bak met with India's President Pratibha Patil, the presidential office said in a statement

Turkey's Aksa Enerji Sells 26.5% Share To Goldman Sachs $450M

Δευ, 25 Ιουλίου 2011 - 17:43

Turkish electricity generator and energy company Aksa Enerji Uretim AS has decided to sell 26.5% of its shares to Goldman Sachs Group Inc for around $450 million, chairman Cemil Kazanci said Monday. "Goldman Sachs made such a big deal by trusting Aksa Enerji," Kazanci told the local broadcaster CNBC-e.

Iraq To Export 10,000 B/D Of Crude Oil To Syria

Δευ, 25 Ιουλίου 2011 - 17:33

Iraq is about to reach a final agreement with the Syrian government to start exporting some 10,000 barrels a day of Iraqi crude oil to Syria and gradually increase that amount, a senior Iraqi oil official said Monday. "We are in the final stages of reaching an agreement to start exporting to Syria," the official told Dow Jones Newswires

Iraq, Iran, Syria Sign Preliminary $10B Gas Pipeline Contract

Δευ, 25 Ιουλίου 2011 - 17:31

The oil ministers of Iraq, Iran and Syria Monday signed a preliminary agreement for a $10 billion natural gas pipeline deal, the official Iranian News Agency IRNA and other Iranian media reported. The document was inked in the Assalouyeh industrial region located in the southern province of Bushehr by Iranian oil minister Mohammad Aliabadi, Iraq's oil minister Abdul Kareem Luaiby, and Syrian counterpart Sufian Alow, the agency said

Deutsche Bahn, RWE Sign Billion-Euro Hydro Electricity Deal

Παρ, 22 Ιουλίου 2011 - 16:51

Deutsche Bahn AG Friday said it has signed a billion-euro contract with German utility RWE AG (RWE.XE) for the supply of hydro electricity, without elaborating on the details.

Iran Hopes For End To Misunderstandings With Saudi

Παρ, 22 Ιουλίου 2011 - 16:51

Iranian Foreign Minister Ali Akbar Salehi said Friday that he hoped "misunderstandings" with Saudi Arabia could be resolved after a war of words erupted over its military intervention in Bahrain.

Cypriot Party Leaders Meet To Agree On Austerity Plan Amid Crisis

Παρ, 22 Ιουλίου 2011 - 16:50

Cyprus' political party leaders meet Friday, seeking to hammer out an emergency austerity package to ease market fears that an escalating economic crisis and exposure to Greek banks could see the island nation added to the list of euro zone bailouts.

Eni Signs Memorandum Of Understanding With Sinopec

Παρ, 22 Ιουλίου 2011 - 16:50

Eni SpA (SpA) Friday confirmed it signed a memorandum of understanding with China Petroleum & Chemical Corp. (SNP), or Sinopec, as Italy's biggest oil and natural gas company strengthens its ties with Chinese hydrocarbon firms.

Somali Pirates Threaten European Oil Security

Παρ, 22 Ιουλίου 2011 - 16:50

Moving oil from the Middle East to Europe isn't as easy as it used to be. For many European nations, sourcing oil from countries such as Saudi Arabia or Kuwait is becoming increasingly tricky because crude tankers must travel through areas such as the Gulf of Aden, a region prone to Somali hijackings.

UN Watchdog Reviews South Korea's Nuclear Safety Regulations

Παρ, 22 Ιουλίου 2011 - 16:49

The United Nations atomic watchdog said Friday an international team of senior nuclear safety experts has given the thumbs up to South Korea's nuclear safety regulatory program following a mission there.

Bulgaria Ready to Lodge Claim against Russia's Atomstroyexport in the Event of Russian Claim for Belene

Παρ, 22 Ιουλίου 2011 - 16:03

After Russia's Atomstroyexport was reported preparing to lodge a claim over delayed payments for the Belene N-plant project, the Ministry of Economy, Energy andTourism in Sofia said Friday that the Bulgarian side is ready to move a counter-claim against Atomstroyexport.

Environmental, Social Impact Assessment Advisor Appointed for Nabucco

Παρ, 22 Ιουλίου 2011 - 16:03

Italian engineering company D'Appolonia S.p.A. (D'Appolonia) has been appointed as new Environmental and Social Impact Assessment (ESIA) Advisor for the Nabucco Pipeline Project, effective from 1 June 2011.

Impact Of IEA Stock Release Still Not Fully Felt

Πεμ, 21 Ιουλίου 2011 - 17:59

The full impact of the International Energy Agency's move to release 60 million barrels of crude oil and products onto the market may not yet have been felt and could still pull futures prices lower in the coming months, analysts told Dow Jones Newswires Thursday.

China Connects Experimental Fast Nuclear Reactor To Grid

Πεμ, 21 Ιουλίου 2011 - 17:59

China connected its experimental fast nuclear power reactor to the grid and generated electricity Thursday, the state-controlled Xinhua news agency reported.

China Submersible Makes First Dive To Below 4,000 Meters

Πεμ, 21 Ιουλίου 2011 - 17:59

A manned Chinese submersible conducted its first dive to beyond 4,000 meters on Thursday, the government said, in the latest milestone for the country's deep-sea ambitions.