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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

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

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.

German Econ Minister: German Oil Supply Not Endangered By Libya

Τρι, 22 Φεβρουαρίου 2011 - 16:24

German Economics Minister Rainer Bruederle said Tuesday the country's oil supply isn't endangered by the violent uprising in Libya.

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.

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.