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EU Will Propose Binding Measures To Boost Energy Saving

EU Will Propose Binding Measures To Boost Energy Saving

Τετ, 2 Μαρτίου 2011 - 16:58

The European Commission will propose in a few weeks binding measures to boost energy saving in the European Union and set the bloc on track to meet a goal of being 20% more efficient in 2020, the commission's Energy Chief said Wednesday.

EDF Can Boost French Nuclear Exports, But Needs To Invest

EDF Can Boost French Nuclear Exports, But Needs To Invest

Τρι, 1 Μαρτίου 2011 - 16:53

French state-controlled power group Electricite de France SA's (EDF.FR) tariffs must enable it to invest in France's 58 reactors, and France can benefit from the company's experience to boost the whole French nuclear industry's export capacity, Chairman and Chief Executive Henri Proglio said Monday.

China: Signed Loan Agreement With Turkmenistan Gas Giant

China: Signed Loan Agreement With Turkmenistan Gas Giant

Τρι, 1 Μαρτίου 2011 - 16:53

Chinese Vice Premier Wang Qishan and his Turkmenistan counterpart, Baymyrat Hojamuhammedov, signed an initial agreement Tuesday for China to provide loans to Turkmenistan gas producer Turkmengaz State Concern.

TNK-BP 4Q Net Profit +51% On Year $1.93 Bln

TNK-BP 4Q Net Profit +51% On Year $1.93 Bln

Τρι, 1 Μαρτίου 2011 - 16:53

Russia's third-largest oil producer TNK-BP International, part-owned by U.K. oil major BP PLC (BP), said Tuesday its fourth-quarter net profit rose 51% from last year, mainly due to higher oil prices.

EDF, Edison Italian Hldrs Mull Simplifying Shareholding Structure

EDF, Edison Italian Hldrs Mull Simplifying Shareholding Structure

Τρι, 1 Μαρτίου 2011 - 16:52

Electricite de France (EDF.FR) and the Italian shareholders that indirectly control a stake of Edison SpA (EDN.MI) are considering simplifying the shareholding structure of the Italian utility company, a person with knowledge of the situation said Tuesday.

Iraq February Oil Exports Hit Post-2003 High - SOMO

Iraq February Oil Exports Hit Post-2003 High - SOMO

Τρι, 1 Μαρτίου 2011 - 16:51

Iraq's oil exports rose to 2.202 million barrels a day in February, the highest rate reached since the U.S.-led invasion in 2003, the head of the state oil marketing company SOMO said Tuesday, and the country's top oil officials said output should hit 3 million barrels a day by the end of the year.

TNK-BP Unlikely To Join BP-Rosneft Deal

TNK-BP Unlikely To Join BP-Rosneft Deal

Δευ, 28 Φεβρουαρίου 2011 - 17:23

TNK-BP (TNBP.RS) is unlikely to join BP's (BP) joint project with Rosneft (ROSN.RS) despite a stalemate in negotiations, says Renaissance Capital. "We maintain our view that the deal between BP and Rosneft should be completed under terms that are close to the original ones," says analyst Ildar Davletshin.

Libya May Be Eighth Largest Oil Shock Since 1950

Libya May Be Eighth Largest Oil Shock Since 1950

Δευ, 28 Φεβρουαρίου 2011 - 17:22

The ongoing political turmoil in Libya could cause the eighth largest supply oil shock since 1950, according to a note by Bank of America Merrill Lynch. The bank noted that Libya is the 13th largest crude oil exporter in the world and is a "very large producer of light sweet blends, a quality of crude easily turned into transportation fuels."

Saudi Arabia Says Committed To Stability Of Oil Market

Saudi Arabia Says Committed To Stability Of Oil Market

Δευ, 28 Φεβρουαρίου 2011 - 17:21

Saudi Arabia, OPEC's largest producer, said Monday it is committed to the stability of the oil market after Libya's oil production dropped amid unrest in the North African country.

Bulgaria: EVN Proposes 19.5% Increase in Power Transmission Prices

Bulgaria: EVN Proposes 19.5% Increase in Power Transmission Prices

Δευ, 28 Φεβρουαρίου 2011 - 15:11

Power distributor EVN Bulgaria, the local unit of Austria's EVN servicing the southeastern parts of the country, is seeking a 19.48 per cent increase in low-voltage electricity transmission prices to 4.7 stotinki a kWh as of July 1 2011, the company said.

Europes CO2 Emissions Growing with the Economy

Europe's CO2 Emissions Growing with the Economy

Δευ, 28 Φεβρουαρίου 2011 - 15:10

Europe's CO2 emissions picked up speed as the continent's economies emerged from recession in 2010, finishing 2-4% higher than a year before, market analysis seen by EurActiv indicates.