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Russia to Raise Oil Export Duty on April 1

Δευ, 28 Μαρτίου 2011 - 13:25

Russia will raise its oil export duty from 365 dollars to 423.7 dollars per tonne as of April 1, 2011.

Bulgaria, Russia Strike Moratorium Deal on on Belene Nuclear Project

Δευ, 28 Μαρτίου 2011 - 13:24

Bulgaria and Russia have reached an agreement to sign next week a 3-month moratorium on the project to build a second Nuclear Power Plant in Bulgaria's Danube town of Belene.

Russia's Transneft to Invest 161.59 bln rbls in New Facilities in '11

Δευ, 28 Μαρτίου 2011 - 13:24

Russia's state-controlled oil pipeline monopoly Transneft will invest 161.59 billion rubles ($5.69 billion) in the construction of new facilities in 2011, Transneft said on Monday.

Serbia's Participation in the South Stream Pipeline Will Generate $5.7bln in Transit Fees

Πεμ, 24 Μαρτίου 2011 - 18:28

Serbia's participation in the South Stream pipeline will generate billions of dollars in transit fees and turn it into a regional gas hub, Russian and Serbian officials said on Wednesday.

Arab Uprisings Positive In 'Long-run' -Israel Defense Minister

Πεμ, 24 Μαρτίου 2011 - 18:27

Arab uprisings will be positive in the "long-run", Israeli Defense Minister Ehud Barak said Thursday, referring to revolts shaking long-ruling regimes in the region.

EU Extends Asset Freeze On Libya Oil Firms

Πεμ, 24 Μαρτίου 2011 - 18:27

The European Union extended its asset freeze on some Libyan energy companies, aligning its sanctions to those agreed by the United Nations Security Council last week and clarifying doubts about the inclusion of certain firms, its Official Journal showed Thursday.

Gadhafi Aides Told US Firms To Pay Lockerbie Bill -NYT

Πεμ, 24 Μαρτίου 2011 - 18:27

Moammar Gadhafi's aides in 2009 demanded U.S. firms make huge payments to Tripoli to help foot its $1.5-billion settlement for Lockerbie bombing victims or risk losing lucrative contracts in Libya, The New York Times reported Thursday.

OMV: Refinery Operations Unaffected By EU Ban On Libyan Oil

Πεμ, 24 Μαρτίου 2011 - 18:26

Austrian oil and gas company OMV AG (OMV.VI) said Thursday it will adhere to European Union sanctions on business with Libyan state entities, and said its German and Austrian refinery operations will be unaffected as it is able to fully compensate through extra crude purchases from other countries.

Iraqi Kurdistan Building 11 Dams, 28 More Planned

Πεμ, 24 Μαρτίου 2011 - 18:26

Authorities in Iraq's autonomous Kurdistan area are building 11 dams and plan dozens more, the region's agriculture minister said Thursday, in a move that could raise tensions over water.

US: Chevron Gets First Post-Ban Permit To Explore New Field In Gulf

Πεμ, 24 Μαρτίου 2011 - 18:26

U.S. regulators said Thursday Chevron Corp. (CVX) has been approved to conduct new oil-and-gas exploratory drilling in the deepwater Gulf of Mexico, the first authorization since a drilling ban was lifted in the area.

Greece Names Advisers For Privatization Program

Τετ, 23 Μαρτίου 2011 - 17:36

Greece's government Wednesday named advisers for its ambitious EUR50 billion privatization program, which it hopes will help pay down the country's giant public debt and allow the it to return to the capital markets after being effectively frozen out for almost a year.

Conoco Plans To Sell Additional $5B To $10B Of Assets

Τετ, 23 Μαρτίου 2011 - 17:35

ConocoPhillips (COP) unveiled Wednesday plans to sell an additional $5 billion to $10 billion in non-core assets over the next two years as the oil producer and refiner continues efforts to improve its balance sheet.

Tokyo Radiation Level 4 Times Above Normal -Local Government

Τετ, 23 Μαρτίου 2011 - 17:35

Radiation levels in central Tokyo remained about four times higher than normal Wednesday evening, while in areas close to the quake-striken Fukushima nuclear power plant they remained high but still below levels that would pose a threat to human health.

French Energy Min: Electricity Tariffs To Slightly Increase

Τετ, 23 Μαρτίου 2011 - 17:35

French energy minister Eric Besson reiterated a previous denial Wednesday that there is any plan to substantially increase electricity tariffs over the next five years, saying they would only "slightly" increase this summer.

Italy Cabinet Has Approved 1-Year Nuclear Moratorium-Ministers

Τετ, 23 Μαρτίου 2011 - 17:34

The Italian cabinet Wednesday approved, as expected, a one-year moratorium for the country's nuclear comeback, and the government may decide to end the atomic program if it isn't satisfied with the European Union's stress tests on safety, ministers said.

Mytilineos Profit Surges on Aluminium, METKA

Τετ, 23 Μαρτίου 2011 - 15:56

Mytilineos, operator of the Balkan region's biggest aluminium smelter, said its profit soared last year, helped by the global commodities boom and its power station construction affiliate METKA.