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Petrol Ofisi Swings To 2010 Net Loss Of TRY41.3M - IHA

Petrol Ofisi Swings To 2010 Net Loss Of TRY41.3M - IHA

Τετ, 23 Φεβρουαρίου 2011 - 16:22

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, posted a net loss of 41.3 million Turkish lira ($25.9 million) in 2010, the Istanbul Stock Exchange's website showed Wednesday, reports Ihlas News Agency, or IHA.

Mideast Oil Price Surge Big Challenge For Airlines

Mideast Oil Price Surge Big Challenge For Airlines

Τετ, 23 Φεβρουαρίου 2011 - 16:22

Surging oil prices caused by the political turmoil in the Middle East will create "very, very big challenges" for airlines, an industry body said Wednesday.

EU Proposes Further Security Measures For Carbon Market

EU Proposes Further Security Measures For Carbon Market

Τετ, 23 Φεβρουαρίου 2011 - 16:22

The European Commission said Wednesday that it will push European governments to implement further measures to prop up security in the European Carbon market and it will propose tweaks to existing rules to provide more legal certainty, after it was forced to shut it down a month ago because of repeated thefts worth tens of millions of euros.

Iraq To Award $4 Bln Kerbala Refinery This Year - Deputy PM

Iraq To Award $4 Bln Kerbala Refinery This Year - Deputy PM

Τετ, 23 Φεβρουαρίου 2011 - 16:21

The Iraqi Oil Ministry is expected to award this year a deal worth $4 billion to build a refinery in Kerbala province, south of Baghdad, Iraq's deputy prime minister for energy affairs said Wednesday.

Irans Ahmadinejad Outraged By Libya Repression

Iran's Ahmadinejad Outraged By Libya Repression

Τετ, 23 Φεβρουαρίου 2011 - 16:21

Iranian President Mahmoud Ahmadinejad Wednesday expressed outrage at what he said was "unimaginable" repression in Libya, urging world leaders to listen to their people.

CNPC in Kazakh Field Pact

CNPC in Kazakh Field Pact

Τετ, 23 Φεβρουαρίου 2011 - 15:46

China National Petroleum Corporation (CNPC) and KazMunaiGaz have agreed in principle to form an equally-owned joint venture to develop the Urikhtau gas field in Kazakhstan, CNPC’s newspaper China Petroleum Daily reported today.

Ukraine Turns to ExxonMobil for Shale Gas

Ukraine Turns to ExxonMobil for Shale Gas

Τετ, 23 Φεβρουαρίου 2011 - 15:46

Naftogaz announced that the memorandum had been signed last week (14-18 February) and ExxonMobil would also help Ukraine to look for methane gas deposits in coal mines, Reuters reported.

Putin to Seek 2050 Gas Roadmap on Brussels Visit

Putin to Seek 2050 Gas Roadmap on Brussels Visit

Τρι, 22 Φεβρουαρίου 2011 - 16:28

Russian Prime Minister Vladimir Putin, who will be in Brussels on 24 February, will seek long-term special arrangements for his country's gas supplies to the EU, various speakers said yesterday (21 February). Vladimir Chizhov, Russia's envoy to the EU, warned that the talks could be "unpleasant".

Nord Stream Second Phase Funded

Nord Stream Second Phase Funded

Τρι, 22 Φεβρουαρίου 2011 - 16:27

The Gazprom led Nord Stream project has reached financial close on its second phase financing with the €2.775 billion ($3.78 billion) loan due to be officially signed in Berlin on March 4th.

Iraq To Auction Nassiriyah Oil Field, Refinery As 1

Iraq To Auction Nassiriyah Oil Field, Refinery As 1

Τρι, 22 Φεβρουαρίου 2011 - 16:25

Iraq wants to offer Nassiriyah oil field to international oil companies in a package deal that would include building a nearby refinery, a senior Iraqi oil official said Tuesday.

IEA Chief: IEA Board To Discuss Tapping Stocks On Libya Outages

IEA Chief: IEA Board To Discuss Tapping Stocks On Libya Outages

Τρι, 22 Φεβρουαρίου 2011 - 16:25

The International Energy Agency, or IEA, will this week discuss at a governor's board meeting whether to tap strategic stockpiles of crude oil against a backdrop of continued political turmoil across the Middle East, the agency's head said Tuesday.

Saudi King Returns Home As Turmoil Sweeps Region

Saudi King Returns Home As Turmoil Sweeps Region

Τρι, 22 Φεβρουαρίου 2011 - 16:25

King Abdullah of Saudi Arabia returned to his country Tuesday after a three-month absence for medical treatment, potentially signaling he will play a more active role as the country deliberates its response to the turmoil sweeping across the Arab world.

US Wants Oil Producers To Respond After Mideast Turmoil

US Wants Oil Producers To Respond After Mideast Turmoil

Τρι, 22 Φεβρουαρίου 2011 - 16:24

The U.S. is concerned about the ongoing unrest across parts of the Middle East and North Africa and thinks oil producers need to respond, U.S. deputy secretary of energy Daniel Poneman said Tuesday.

BP To Get Iraq Field Upgrade Costs, Remuneration Fees

BP To Get Iraq Field Upgrade Costs, Remuneration Fees

Τρι, 22 Φεβρουαρίου 2011 - 16:23

BP PLC (BP) and its partner China National Petroleum Corp. will be the first companies to be paid back by the Iraqi government for developing Iraq's supergiant Rumaila oil field, a senior Iraqi oil official said.