English Edition

Rosneft Eyes Foreign Growth

Δευ, 21 Φεβρουαρίου 2011 - 17:04

Russian oil major Rosneft will outline offshore development and expansion abroad as the key areas of growth when it publishes its new strategy later this year, first vice-president Pavel Fyodorov said today.

IEA: On High Alert Over Middle East Political Turmoil

Δευ, 21 Φεβρουαρίου 2011 - 16:50

The International Energy Agency, which controls emergency oil stocks held in developed economies, is on "high alert" for potential supply disruption due to political turmoil in the Middle East and North Africa, said the group's head of oil markets Monday.

BP To Take 30% Stake In India Oil, Gas Blocks In JV With Reliance

Δευ, 21 Φεβρουαρίου 2011 - 16:49

BP PLC (BP.LN) Monday said it will take will take a 30% stake in 23 oil and gas production contracts operated by Reliance Industries Limited (500325.BY) for $7.2 billion, as part of a new partnership between the two companies.

Gazprom CEO: Sees South Stream Launch In 2015

Δευ, 21 Φεβρουαρίου 2011 - 16:49

OAO Gazprom (GAZP.RS) expects the South Stream gas pipeline to be launched in 2015, the company's Chief Executive Alexei Miller said Monday.

Gazprom Denies Second Phase Of Nord Stream Is Suspended

Δευ, 21 Φεβρουαρίου 2011 - 16:49

Russian gas giant OAO Gazprom (GAZP.RS) Monday denied a report that suggested the second phase of the Nord Stream pipeline project to Germany has been suspended.

Vitol 2010 Revenue +36% To $195 Bln On Higher Volumes, Prices

Δευ, 21 Φεβρουαρίου 2011 - 16:48

Vitol Group, one of the world's biggest marketers and distributors of crude oil and petroleum products, said Monday a growth in trade volumes and increased average oil prices boosted its annual revenue by 36% in 2010, to $195 billion.

Gazprom To Evacuate Staff From Libya

Δευ, 21 Φεβρουαρίου 2011 - 16:48

OAO Gazprom (GAZP.RS) said Monday it has decided to evacuate its staff from Libya following the political unrest in the country.

Romania: 1,500 Wind Turbines to Be Installed Until 2015

Δευ, 21 Φεβρουαρίου 2011 - 16:29

Positive news about projects related to thermal power stations, hydro-power stations or nuclear reactors lacked completely in 2010, while wind energy became the new star of the industry. In 2010, 200 windmills were installed in the wake of investments of around 800m euros. In 2015, the most downbeat scenarios bet on 3,000 installed MW, namely around 1,500 turbines and investments of around 5bn euros.

Rosatom Pressing Bulgaria to Ink Next Agreement for Belene Project

Δευ, 21 Φεβρουαρίου 2011 - 16:28

Russia's state nuclear energy company Rosatom is urging Bulgaria to sign another agreement related to the construction of the Belene nuclear power plant, the company said in a media statement on Sunday.

Iraqi Crude Exports At Post-2003 Record On Kurdish Oil Flows

Παρ, 18 Φεβρουαρίου 2011 - 17:37

A steady increase in crude oil exports from Iraq's northern Kurdish region is boosting the country's overall exports to a record 2.16 million barrels a day this month, the highest level since the U.S.-led invasion in 2003, Iraqi government and company officials said.