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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.

Gazprom Seeks To Enter European Power Sector

Δευ, 20 Ιουνίου 2011 - 17:11

Russian state gas firm OAO Gazprom (GAZP.RS) is in talks with European utilities to operate power plants in the region, after the European Union has called for new generating capacity to replace nuclear power, the company's Deputy Chief Executive Alexander Medvedev said Monday.

Kremlin Adviser Says BP Can Play Major Russia Role

Δευ, 20 Ιουνίου 2011 - 17:10

U.K. supermajor BP PLC (BP.LN) can still play a major role in Russia despite the collapse of its share swap deal with state-owned oil giant OAO Rosneft (ROSN.RS), the Guardian reports Monday, citing an interview with one of President Dmitry Medvedev's key economic advisers.

Statoil To Raise Production To Above 2.5M BOE/D In 2020

Δευ, 20 Ιουνίου 2011 - 17:10

Statoil ASA (STL.OS), the Norwegian oil giant, said Monday that it aims to raise production to above 2.5 million barrels of oil equivalents a day 2020, corresponding to growth of around 3% a year from 2010.

Statoil Eyes $32B Investment To Boost Output

Δευ, 20 Ιουνίου 2011 - 17:09

Norwegian oil giant Statoil ASA (STL.OS) will spend $32 billion on exploration and production over the next two years as it aims to ramp up production to above 2.5 million barrels of oil equivalents a day over the next 10 years.

Gazprom Neft: Schlumberger To Drill Wells At Iraq Badra Field

Δευ, 20 Ιουνίου 2011 - 17:08

A consortium led by Russian state oil producer OAO Gazprom Neft (SIBN.RS) has picked Schlumberger Ltd. (SLB) to drill the first wells at the Badra field in Iraq, the Russian company said Monday.

Crude Lower As Greek Crisis Weighs

Δευ, 20 Ιουνίου 2011 - 17:08

Crude futures fell Monday on increasing concerns Greece's debt crisis will lead to a slowdown in the global economy.

Sarkozy: Areva CEO Replacement Decision Based On Continuity

Παρ, 17 Ιουνίου 2011 - 16:57

The French government's decision to replace state-controlled Areva SA's (AREVA.FR) Chief Executive Anne Lauvergeon with her deputy is based on continuity, President Nicolas Sarkozy said Friday.

China Sunergy Cuts Shipment Outlooks

Παρ, 17 Ιουνίου 2011 - 16:57

China Sunergy Co. (CSUN) lowered its shipments outlooks for the second quarter and the year, citing increasing financing delays that slowed some shipments in July and potentially could lead to some order cancellations.

Gazprom Deputy CEO: Russia, China Very Close To Gas Supply Deal

Παρ, 17 Ιουνίου 2011 - 16:57

Russia and China are very close to reaching a long-term gas supply deal, Alexander Medvedev, a senior executive of Russian state-owned gas firm OAO Gazprom (GAZP.RS) said Friday.

TNK-BP Hopes To Close Brazil Buy Within Month, Eyes Other Assets

Παρ, 17 Ιουνίου 2011 - 16:56

BP PLC's (BP) Russian joint venture TNK-BP Ltd. (TNBP.RS) hopes to close a deal to buy a 45% stake in an oil and gas deposit in Brazil's Solimoes region from Petra Energia SA within one month, the company's Deputy Chief Executive Maxim Barsky said Friday.