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KazMunaiGas EP Capex Program To Rise 15% In 2011 To KZT99.1 Bln

KazMunaiGas EP Capex Program To Rise 15% In 2011 To KZT99.1 Bln

Τρι, 14 Δεκεμβρίου 2010 - 18:12

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production ,or KMG EP, said Tuesday its 2011 capital expenditure is expected to rise 15% to 99.1 billion tenge ($673 million) due to the increase in production drilling and in exploration budget

North Korea Has Positive Attitude On Six-Party Talks - China

North Korea Has 'Positive Attitude' On Six-Party Talks - China

Τρι, 14 Δεκεμβρίου 2010 - 18:11

China said Tuesday that North Korea had agreed to help prevent any escalation of tensions with the South and had a "positive attitude" about the resumption of talks aimed at ending its nuclear drive. Foreign ministry spokeswoman Jiang Yu told reporters that officials in Pyongyang had expressed that view during a visit last week by State Councillor Dai Bingguo, who met with North Korean leader Kim Jong Il

Iran Says No Change In Foreign Policy With New Minister

Iran Says No Change In Foreign Policy With New Minister

Τρι, 14 Δεκεμβρίου 2010 - 18:10

Iran said Tuesday its nuclear and foreign policies won't change after President Mahmoud Ahmadinejad fired Foreign Minister Manouchehr Mottaki and replaced him with the atomic chief. "Iran's major international policies are defined in higher levels and the foreign ministry executes these policies. We will not see any changes in our basic policies," foreign ministry spokesman Ramin Mehmanparast said at his weekly briefing

Biggest Solar Panels Park in Romania to be Built in Cluj

Biggest Solar Panels Park in Romania to be Built in Cluj

Δευ, 13 Δεκεμβρίου 2010 - 15:21

A solar panels park on over 190 hectares will be built in Cluj – Napoca, according to Sorin Apostu, the mayor of Cluj Napoca. WWS Energy Development LLC will build the photovoltaic park and 30 percent of the electricity it will produce will be supplied to the city hall. The park will be built on a land plot where a residential compound, Tineretului, should have been built by Polus Real Estate

Russia to Start Building Turkeys First Nuclear Power Plant in 2013

Russia to Start Building Turkey's First Nuclear Power Plant in 2013

Δευ, 13 Δεκεμβρίου 2010 - 15:09

Russia will start building Turkey's first nuclear power plant estimated at $20 billion in 2013, Russian ambassador to Ankara Vladimir Ivanovsky said on Sunday, Ria Novosti writes. "The launch of the plant's first power unit is planned for 2018 while the other three will be launched with an interval of one year. The fourth power unit will be put into operation in 2021 and the plant's reactors are designed to operate for 60 years. The project for the construction of the Akkuyu nuclear power plant under the Russian design is a strategic area of Russian-Turkish cooperation," the diplomat said

Climate-Change Funds Shift Focus From Wind, Solar

Climate-Change Funds Shift Focus From Wind, Solar

Παρ, 10 Δεκεμβρίου 2010 - 17:34

The poor performance of some sectors aiming to slow climate change is pushing money managers to cast further afield for investments that both carry green credentials and are likely to post better returns.

Gazprom Must Relocate Controversial Tower - Governor

Gazprom Must Relocate Controversial Tower - Governor

Πεμ, 9 Δεκεμβρίου 2010 - 18:34

The ambitions of Gazprom OAO (GAZP.RS) were dealt a symbolic blow Thursday when Saint Petersburg's governor prohibited the gas giant from building a skyscraper in the center of Russia's imperial capital.

Exxon Mobils XTO Launches $3.83B Debt-Tender Offer

Exxon Mobil's XTO Launches $3.83B Debt-Tender Offer

Πεμ, 9 Δεκεμβρίου 2010 - 18:33

Exxon Mobil Corp.'s (XOM) XTO unit launched another debt-tender offer, this one for $3.83 billion of securities, as Exxon continues its effort to erase its recent acquisition's borrowings.

Shell Feared Losing 80% Nigeria Oil Acreage -Wikileaks

Shell Feared Losing 80% Nigeria Oil Acreage -Wikileaks

Πεμ, 9 Δεκεμβρίου 2010 - 18:32

Royal Dutch Shell PLC (RDSB) feared it could lose up to 80% of its oil license acreage in Nigeria after the country's new Petroleum Industry Bill is passed, according to comments from Shell's former executive vice president in the region, Ann Pickard, that appear in U.S. Embassy cables published by Wikileaks.