English Edition

Kuwait Targets 4M B/D Output Capacity In 2020

Τετ, 22 Ιουνίου 2011 - 16:44

Kuwait is targetting an output capacity of 4 million barrels a day in 2020, the head of the Kuwait Oil Co. said Wednesday.

EU Presents New Law To Meet 2020 Energy Efficiency Target

Τετ, 22 Ιουνίου 2011 - 16:43

The European Commission proposed Wednesday a new law pushing public administrations and private companies to reduce energy consumption, aimed at putting the European Union on track to reducing energy use by 20% by 2020.

Iraq May Oil Revenue At $7.47 Billion, Highest Ever

Τετ, 22 Ιουνίου 2011 - 16:43

Sales from Iraqi crude oil exports in May totaled $7.47 billion, the highest monthly revenue registered since Iraq started exporting its oil decades ago, the Iraqi oil ministry said in a statement Wednesday.

Iran Deputy Oil Minister Attacked But Unharmed In Iraq

Τετ, 22 Ιουνίου 2011 - 16:43

An Iranian deputy oil minister and his delegation came under attack in Baghdad Wednesday but were unharmed and able to clinch a gas oil contract, Iraqi and Iranian official sources said.

Oman Oil Minister: BP Could Invest $15 Bln In 300 Gas Wells

Τετ, 22 Ιουνίου 2011 - 16:42

BP PLC (BP) could invest $15 billion building 300 natural gas wells in Oman if results from three test wells prove viable, Oman's Oil and Gas Minister Hamad Bin Saif al Ruhmy said Wednesday.

IENE’s Roadshows for the Promotion of the «South East Europe Energy Outlook» Study Commenced With Sofia Presentation

Τρι, 21 Ιουνίου 2011 - 15:30

In a special event which was organised yesterday (20/06) in Sofia, Bulgaria, by the Institute of Energy for South East Europe (IENE), the major reference study conducted by the Institute, “The South East Europe Energy Outlook” , was presented to a selected audience of policy makers and energy professionals.

Azerbaijan May Turn to LNG if Nabucco Rates Are High, Socar Says

Τρι, 21 Ιουνίου 2011 - 14:04

Azerbaijan may turn to a liquefied natural gas project if proposed rates via the planned Nabucco pipeline and competing links to Europe are too expensive, ANS television reported.

Iraq Shortlists 4 International Firms For Basra Oil Terminal

Τρι, 21 Ιουνίου 2011 - 14:03

Iraq's South Oil Company, the largest government utility by crude oil production, has shortlisted four international companies for the contract to build a loading terminal at the southern port of Basra, with a value of $500 million, a person at the company said Monday.

IEA: Nuclear Power's Global Share May Fall To 10% In 2035 Due To Fukushima

Τρι, 21 Ιουνίου 2011 - 14:02

Nuclear power's share of global energy generation may fall to 10% in 2035 from 14% currently if governments continue to switch to other resources in response to the Fukushima disaster, Fatih Birol, chief economist at the International Energy Agency, said Tuesday.

Gazprom Plans Sakhalin-3 Output 2Q12; Vladivostok LNG By 2017

Τρι, 21 Ιουνίου 2011 - 14:02

Russian state gas firm OAO Gazprom (GAZP.RS) plans to start production at its Sakhalin-3 field off the Pacific island of Sakhalin in the second quarter of 2012, the company's Deputy Chief Executive Alexander Ananenkov said Tuesday.

Russia's Kudrin Sees 2011 Budget Gap Below 0.5% If Oil Averages $115/Bbl

Τρι, 21 Ιουνίου 2011 - 14:01

Russia's budget deficit this year is expected to be below 0.5% of gross domestic product if crude oil prices average $115 a barrel, Finance Minister Alexei Kudrin said Tuesday.

China May Thermal Power Business In Red Despite Higher Tariffs

Τρι, 21 Ιουνίου 2011 - 14:01

China's five main power generators recorded losses in their thermal power business last month, despite an increase in wholesale power tariffs, the China Electricity Council said Tuesday.

Australia: AREVA Part of Consortium Selected as Preferred Project for Solar Flagships Program

Τρι, 21 Ιουνίου 2011 - 14:01

The Australian Government has selected the AREVA Solar, CS Energy and Wind Prospect CWP consortium's "Solar Dawn" as the preferred solar thermal power project in Round 1 of the Australian Government's Solar Flagships Program.