English Edition

Azerbaijan to Sign Gas Export Deal with Iran

Τετ, 12 Ιανουαρίου 2011 - 14:54

Iran's oil minister and OPEC President Seyed Masoud Mirkazemi arrived in Azerbaijan on Wednesday to sign a long-term contract for import of up to 5 billion cubic meters of Azerbaijani gas to Iran annually.

Joint Declaration Between EU and Azerbaijan about Nabucco

Τετ, 12 Ιανουαρίου 2011 - 14:54

The European Union will move closer this week to securing natural gas from Azerbaijan and diversifying its energy supplies to lessen dependence on imports from Russia. European Commission President Jose Manuel Barroso and Ilham Aliyev, the president of Azerbaijan, will sign tomorrow a joint declaration on the establishment of the so-called Southern Corridor, or projects that would enable the tapping of Caspian gas resources and supplement existing routes from Russia, Norway and North Africa.

Chinas Galloping Wind Market

Τετ, 12 Ιανουαρίου 2011 - 14:52

A corporation that makes wind-machine components estimates that more than three times as much wind power capacity was installed in China last year than in the United States and that China now constitutes the world’s largest wind energy market.

Petrochina Purchased European Refineries

Τετ, 12 Ιανουαρίου 2011 - 14:51

China's landmark purchase of European oil refineries this week could sound the death knell for poorer plants in the declining European sector.

Coal Price Up to Year High Due to Floods

Τετ, 12 Ιανουαρίου 2011 - 14:50

Fresh flooding in top global exporter Australia has added a further $10 to coal prices, driving thermal coal to a year high.

EU's Ashton Expected In Turkey Ahead Of Iran Nuclear Talks

Τρι, 11 Ιανουαρίου 2011 - 18:57

European Union foreign policy chief Catherine Ashton will visit Turkey Thursday for preparations ahead of nuclear talks between Iran and world powers, European officials based in Turkey said.

Kuwait Plans To End Electricity Grid Snags In 10 Years-Agency

Τρι, 11 Ιανουαρίου 2011 - 18:57

Kuwait will end problems at its electricity distribution networks within the next 10 years, state-run Kuwait News Agency, or Kuna, reports Tuesday citing a Kuwaiti official.

Iran Says 10 Linked To Mossad Arrested

Τρι, 11 Ιανουαρίου 2011 - 18:56

Iran said on Tuesday it has arrested 10 people linked to Mossad and that the Islamic republic had delivered the Israeli spy agency a "severe blow" after deeply infiltrating it.

China Should Control Nuclear Power Buildup Pace -Researchers

Τρι, 11 Ιανουαρίου 2011 - 18:56

China should keep its installed nuclear power capacity below 70 gigawatts by 2020 to avoid shortages in equipment, fuel and skilled workers, the research unit of the State Council wrote in an article published in state-controlled Outlook magazine.

Russian Coal Producers Rally On Australia Floods

Τρι, 11 Ιανουαρίου 2011 - 18:55

Shares in Russia's leading coal producers, OAO Raspadskaya (RASP.RS) and Mechel (MTL), were outperforming the country's wider MICEX index on Russia's first trading day this year Tuesday, with coal prices having been pushed up by devastating floods in Queensland, Australia.

US Spill Panel Report Identifies Causes Of Deepwater Horizon

Τρι, 11 Ιανουαρίου 2011 - 18:55

A U.S. commission investigating the Deepwater Horizon oil spill has released long-awaited findings into the causes of the 2010 disaster, saying BP PLC (BP, BP.LN), Halliburton (HAL) and Transocean (RIG) committed "identifiable mistakes" and that systematic failures raise doubts about the safety of the entire industry.