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Iran Gas Exports to Turkey up 50%

Πεμ, 13 Ιανουαρίου 2011 - 14:57

Iran exported some 8.25 billion cubic meters of natural gas to Turkey in 2010, showing around 50 percent rise year on year, National Iranian Gas Export Company reported.

Burgas-Alexandroupolis Pipeline Not Suspended, But No Work Done - Transneft

Πεμ, 13 Ιανουαρίου 2011 - 14:54

The trans-Balkan Burgas-Alexandroupolis oil pipeline project has not been not suspended, but no work on it is being done, head of Russian oil pipeline monopoly Transneft Nikolai Tokarev said on Thursday.

Electricity Tariffs are Independent from Russia Joining WTO

Πεμ, 13 Ιανουαρίου 2011 - 14:53

Russia’s joining the World Trade Organisation will not cause higher tariffs on electricity, Minister of Energy Sergei Shmatko said on Thursday during a round table in the State Duma, which was devoted to energy problems.

Greece Submits Proposals About PPC's Lignite Capacity

Πεμ, 13 Ιανουαρίου 2011 - 14:52

Greece yesterday proposed to the European Commission that the country further liberalize its energy market by exchanging lignite-powered capacity produced by Public Power Corp SA. Under the proposal, PPC would swap electricity produced from lignite for power of an equal value from a producer in another European Union country, the Environment, Energy and Climate Change Ministry said in an e-mailed statement.

Eni CEO Open To New South Stream Partner

Τετ, 12 Ιανουαρίου 2011 - 18:56

Eni SpA (E) is open to a further partner in the South Stream natural gas pipeline project, although the negotiations are conducted by OAO Gazprom (GAZP.RS), said Chief Executive Paolo Scaroni of the Italian energy company Wednesday.

Brazil Petrobras: Gasoline Sales Hit Record In December

Τετ, 12 Ιανουαρίου 2011 - 18:56

Domestic gasoline sales in Brazil set a record in December as the country's economic boom generated strong demand, state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Wednesday.

Shell To Close Part Of Hamburg Refinery In 2012

Τετ, 12 Ιανουαρίου 2011 - 18:56

Royal Dutch Shell PLC (RDSB.LN) Wednesday said it is continuing negotiations with several potential buyers of the lubricant manufacturing plant at its refinery in Hamburg, Germany, but has decided to close fuel-processing facilities at the plant.

Russia Halts Oil To Belarus; Transit To Europe Unaffected

Τετ, 12 Ιανουαρίου 2011 - 18:55

Russia said Wednesday that oil supplies to Europe through Belarus are flowing as normal while talks continue following Russia's move to suspend crude oil deliveries to Belarus on Jan. 1.

Libya Won't Call For Emergency OPEC Mtg At $110 Oil-Libya Oil Min

Τετ, 12 Ιανουαρίου 2011 - 15:47

Libya won't call for an emergency OPEC meeting, even if oil prices hit $110 a barrel, Libya's top oil official said Wednesday. "Libya will not call for an emergency meeting at $110 a barrel," said Shokri Ghanem, Chairman of Libya's National Oil Co., or NOC. "There is enough oil in the market now," he said.

CNPC: Aiming For Average Crude Production Growth 2M Metric Tons A Year

Τετ, 12 Ιανουαρίου 2011 - 15:47

China National Petroleum Corp., the parent of PetroChina Co. (PTR), will aim to maintain annual growth in crude oil production at an average of two million metric tons, Xinhua News Agency reported Wednesday, citing CNPC President Jiang Jiemin as saying at an annual company working meeting.

Azerbaijan to Sign Gas Export Deal with Iran

Τετ, 12 Ιανουαρίου 2011 - 14:54

Iran's oil minister and OPEC President Seyed Masoud Mirkazemi arrived in Azerbaijan on Wednesday to sign a long-term contract for import of up to 5 billion cubic meters of Azerbaijani gas to Iran annually.

Joint Declaration Between EU and Azerbaijan about Nabucco

Τετ, 12 Ιανουαρίου 2011 - 14:54

The European Union will move closer this week to securing natural gas from Azerbaijan and diversifying its energy supplies to lessen dependence on imports from Russia. European Commission President Jose Manuel Barroso and Ilham Aliyev, the president of Azerbaijan, will sign tomorrow a joint declaration on the establishment of the so-called Southern Corridor, or projects that would enable the tapping of Caspian gas resources and supplement existing routes from Russia, Norway and North Africa.