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New Law for Renewables in Turkey

Τρι, 4 Ιανουαρίου 2011 - 19:02

The long-awaited law governing the generation of energy from renewable resources has passed through the Turkish Grand National Assembly (TBMM). The Renewable Energy Law aims to encourage energy production from renewables by providing incentives for the generation of energy from sources such as wind, solar power, biomass, hydropower and geothermals.

Mideast To Surpass North America As LPG Supplier In 2011 -Adnoc

Τρι, 4 Ιανουαρίου 2011 - 19:01

The Middle East is set to surpass North America as the world's leading regional supplier of liquified petroleum gas, or LPG, in 2011 and the United Arab Emirates will supply a major part of this, an Abu Dhabi National Oil Co., or Adnoc, official said.

China's CNPC To Invest In City Hit By Oil Spill - Report

Τρι, 4 Ιανουαρίου 2011 - 19:01

China National Petroleum Corp. will invest in a northeastern port city hit by an oil spill last year at the firm's facilities, averting paying direct compensation to local fishermen, state media said.

Iran Proposes Temporary Payment Channel For Jan Crude Supplies

Τρι, 4 Ιανουαρίου 2011 - 19:00

Iran has assured India of uninterrupted crude oil supplies in January and proposed a temporary payment channel through a bank based in Germany, a senior Indian official said Tuesday, in a step forward to ending the deadlock over oil-related payments to the Islamic Republic after India's central bank imposed some curbs.

BP Hits Six-Month High As Spill Claims Seen Lower

Τρι, 4 Ιανουαρίου 2011 - 19:00

Shares in U.K.-listed oil giant BP PLC (BP) rose to a six-month high Tuesday following reports that compensation payouts for the Gulf oil spill may be much lower than expected and lingering rumors that the company is a takeover target.

Petrobras Confirms Studying ENI Stake In Portugal's Galp

Τρι, 4 Ιανουαρίου 2011 - 19:00

Brazilian state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, confirmed Tuesday that it's evaluating buying all of Italian oil major Eni SpA's (E, ENI.MI) 33.34% stake in Portuguese energy company Galp Energia SGPS (GALP.LB).

China Nuclear Tech May Lessen Uranium Demand -BMO

Τρι, 4 Ιανουαρίου 2011 - 18:59

China has developed technology to reuse spent nuclear fuel, the country's state TV said, according to the BBC. This may put a damper on China's expected nuclear fuel use, BMO Capital says - only the UK and France currently reprocess major amounts of fuel, and their reprocessing makes up 5% of world supply.

Bulgaria's Kozloduy NPP Over-Performs in 2010

Τρι, 4 Ιανουαρίου 2011 - 11:40

Bulgaria's only operational nuclear power plant at Kozloduy has surpassed its planned 2010 electricity output. In 2010, the Kozloduy NPP produced a total of 15 248 605 MW/h of electricity, the company management announced on Monday, January 3, 2011

SunPower Finalizes Sale of 13-Megawatt Solare Roma Power Plant in 2010

Δευ, 3 Ιανουαρίου 2011 - 18:49

SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that it completed the sale of its 13-megawatt (MW) Solare Roma solar power plant to Allianz Renewable Energy Partners IV Ltd., a wholly-owned subsidiary of Allianz SE on December 30, 2010. SunPower designed and built the solar power plant and will provide ongoing operations and maintenance services for the new owner.

MARKET TALK: $120/Bbl Oil Seen In 2011, No Crash Expected-Analyst

Δευ, 3 Ιανουαρίου 2011 - 18:49

Oil prices are set to rise to as much as $120 a barrel by the end of 2011 but this will not be accompanied by a crash as seen in previous years, says Dalton H Garis, Associate Professor of Economics and Petroleum Market Behavior at Abu Dhabi-based The Petroleum Institute.

Turkey 2010 Exports Rose 11.3% To $113.7B - Foreign Trade Min

Δευ, 3 Ιανουαρίου 2011 - 18:49

Turkish exports rose 11.3% to $113.7 billion in 2010 as the emerging economy's rapid rebound from recession boosted competitiveness, Turkey's Foreign Trade Minister Zafer Caglayan said Monday.

China Says It Can Reprocess Spent Nuclear Fuel

Δευ, 3 Ιανουαρίου 2011 - 18:48

Chinese scientists say they have developed nuclear fuel reprocessing technology that could effectively end uranium supply concerns, state media said Monday, as Beijing strives for energy security.

Venezuela's Economy Struggled In 2010 But Its Bonds Thrived

Δευ, 3 Ιανουαρίου 2011 - 18:48

The hobbled Venezuelan economy may inch out of recession in 2011 according to some forecasts, but most indicators promise very little good news beyond that modest boon.