English Edition

Iraq To Auction 12 Exploration Blocks In November

Τρι, 22 Μαρτίου 2011 - 18:24

Iraq plans to auction 12 exploration blocks, believed to contain mostly gas reserves, in November as part of the country's efforts to capture natural gas for electricity generation, the country's oil minister said Tuesday.

Japan: Power Fully Restored At 2 Of 6 Fukushima Reactors

Τρι, 22 Μαρτίου 2011 - 18:24

Power was fully restored Tuesday at two of the six reactors of Japan's Fukushima Daiichi nuclear power plant, showing continued progress in rehabilitating the earthquake-damaged facility.

Iraq Oil Minister: Doesn't See Oil Price Above $120/Bbl

Τρι, 22 Μαρτίου 2011 - 18:23

The oil minister of Iraq, a founding member of the Organization of Petroleum Exporting Countries, said Tuesday that current oil prices are "reasonable" and he doesn't expect world economic growth to be harmed at their current level.

Iran OPEC Governor Concerned Output Rise Leads To Glut

Τρι, 22 Μαρτίου 2011 - 18:22

Iran is worried an output increase by some members of the Organization of Petroleum Exporting Countries is leading to oversupply, a top Iranian oil official said Tuesday.

Russia May Double Crude Oil Supplies To Japan

Τρι, 22 Μαρτίου 2011 - 18:22

Russia may consider doubling crude oil supplies to Japan this year compared with last year's roughly 9 million tons as part of disaster relief assistance, Deputy Prime Minister Igor Sechin said Tuesday, Kyodo News reported.

IAEA Head: Improvement At Fukushima 1; Calls For Response Evaluation

Δευ, 21 Μαρτίου 2011 - 17:56

There are clear improvements in the situation at the Japanese earthquake-hit Fukushima Daiichi nuclear power plant, the head of the United Nations nuclear watchdog said Monday, and the agency now feels assured the crisis will be solved.

Ukraine's Yanukovych: Sale Of Part Of Naftogaz Possible

Δευ, 21 Μαρτίου 2011 - 17:56

Ukraine may sell a part of state-run energy company Naftogaz on the international markets, the country's president Victor Yanukovych said Monday, Interfax reported.

Barclays Says Libya Oil Supply Out For A While

Δευ, 21 Μαρτίου 2011 - 17:56

Oil futures rise after airstrikes hit Libya, and Barclays sees recent events keeping oil production in the country shuttered. "The airstrikes can clearly result in a significant deterioration of the already unstable situation," firm says. "Libya will be out of the oil market for a protracted period of time."

Oil Industry Releasing 25 Days Of Reserves After Quake -Nikkei

Δευ, 21 Μαρτίου 2011 - 17:55

The Japanese government said Monday that more of the private-sector's petroleum reserves would be used to ease supply shortages stemming from the March 11 earthquake, releasing 25 days' worth of fuel into the market, the Nikkei reported in its Tuesday morning edition.

Vestas Wind Systems To Contest US Class Action Lawsuit

Δευ, 21 Μαρτίου 2011 - 17:55

Denmark's Vestas Wind Systems A/S (VWS.KO) said Monday it will contest a class action lawsuit brought by a U.S. pension fund alleging the company gave misleading information about its earnings in 2010, causing investors to lose money.

NATO Ready To Back Libya Intervention In 'Few Days'

Δευ, 21 Μαρτίου 2011 - 17:55

NATO is ready to back up the international coalition intervening in Libya within "a few days," French Foreign Minister Alain Juppe said Monday.

Calls to shut down Europes Fukushima

Δευ, 21 Μαρτίου 2011 - 16:31

A 40-year old Spanish nuclear power plant built to the same design model as Fukushima's disaster-struck reactor number one has become engulfed by calls for it to be shut down, while Brussels is questioning the safety of EU installations and has pushed for stress tests of nuclear power plants.

Electricity Cables Reconnected at Japan's Fukushima

Δευ, 21 Μαρτίου 2011 - 16:29

Japanese engineers have connected four of the reactors at the crippled Fukushima nuclear power plant to electricity cables, but will restore the electricity supply only after a detailed inspection of equipment, the Kyodo news agency reported on Monday.