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Russia's Putin: Rising Oil Price Serious Threat To World

Πεμ, 24 Φεβρουαρίου 2011 - 16:57

Russian Prime Minister Vladimir Putin warned Thursday that rocketing oil prices amid instability in Libya pose a "serious threat to the world."

Lukoil 2010 Proven Reserves Fall To 17.3B BOE

Πεμ, 24 Φεβρουαρίου 2011 - 16:57

Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) said Thursday its proven reserves fell to 17.3 billion barrels of oil equivalent at the end of 2010.

Saudi Arabia In Active Talks With European Refiners On Libya

Πεμ, 24 Φεβρουαρίου 2011 - 16:57

Top oil exporter Saudi Arabia is in active talks with European refiners to replace any shortage of Libyan oil supplies, a senior Saudi oil official said Thursday.

Russia's Putin Concerned About EU Energy Package

Πεμ, 24 Φεβρουαρίου 2011 - 16:56

Russian Prime Minister Vladimir Putin clashed with European Commission President Jose Manuel Barroso Thursday on an energy package the European Union is currently implementing.

Petrol Ofisi Swings To 2010 Net Loss Of TRY41.3M - IHA

Τετ, 23 Φεβρουαρίου 2011 - 16:22

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, posted a net loss of 41.3 million Turkish lira ($25.9 million) in 2010, the Istanbul Stock Exchange's website showed Wednesday, reports Ihlas News Agency, or IHA.

Mideast Oil Price Surge Big Challenge For Airlines

Τετ, 23 Φεβρουαρίου 2011 - 16:22

Surging oil prices caused by the political turmoil in the Middle East will create "very, very big challenges" for airlines, an industry body said Wednesday.

EU Proposes Further Security Measures For Carbon Market

Τετ, 23 Φεβρουαρίου 2011 - 16:22

The European Commission said Wednesday that it will push European governments to implement further measures to prop up security in the European Carbon market and it will propose tweaks to existing rules to provide more legal certainty, after it was forced to shut it down a month ago because of repeated thefts worth tens of millions of euros.

Iraq To Award $4 Bln Kerbala Refinery This Year - Deputy PM

Τετ, 23 Φεβρουαρίου 2011 - 16:21

The Iraqi Oil Ministry is expected to award this year a deal worth $4 billion to build a refinery in Kerbala province, south of Baghdad, Iraq's deputy prime minister for energy affairs said Wednesday.

Iran's Ahmadinejad Outraged By Libya Repression

Τετ, 23 Φεβρουαρίου 2011 - 16:21

Iranian President Mahmoud Ahmadinejad Wednesday expressed outrage at what he said was "unimaginable" repression in Libya, urging world leaders to listen to their people.

Italy: Gas Imports Adequate, Can Use Other Supply Routes

Τετ, 23 Φεβρουαρίου 2011 - 16:20

Italy's Industry Minister Paolo Romani repeated Wednesday that the country isn't in danger of running out of natural gas, despite the shut down of Libyan imports.

CNPC in Kazakh Field Pact

Τετ, 23 Φεβρουαρίου 2011 - 15:46

China National Petroleum Corporation (CNPC) and KazMunaiGaz have agreed in principle to form an equally-owned joint venture to develop the Urikhtau gas field in Kazakhstan, CNPC’s newspaper China Petroleum Daily reported today.

Ukraine Turns to ExxonMobil for Shale Gas

Τετ, 23 Φεβρουαρίου 2011 - 15:46

Naftogaz announced that the memorandum had been signed last week (14-18 February) and ExxonMobil would also help Ukraine to look for methane gas deposits in coal mines, Reuters reported.

Putin to Seek 2050 Gas Roadmap on Brussels Visit

Τρι, 22 Φεβρουαρίου 2011 - 16:28

Russian Prime Minister Vladimir Putin, who will be in Brussels on 24 February, will seek long-term special arrangements for his country's gas supplies to the EU, various speakers said yesterday (21 February). Vladimir Chizhov, Russia's envoy to the EU, warned that the talks could be "unpleasant".