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Russia to Sell Rosneft Stock in $59 Billion Plan to Cut Deficit

Russia to Sell Rosneft Stock in $59 Billion Plan to Cut Deficit

Πεμ, 21 Οκτωβρίου 2010 - 18:36

Russia plans to sell as much as 15 percent ofOAO Rosneft, its biggest oil producer, as the government seeks to raise 1.8 trillion rubles ($59 billion) in asset sales in the next five years to help balance the budget.

E.ON Pulls Out Of UK CO2 Capture Competition

E.ON Pulls Out Of UK CO2 Capture Competition

Τετ, 20 Οκτωβρίου 2010 - 18:58

German utility E.ON AG (EOAN.XE) Wednesday said it won't proceed to the next stage of the U.K. government's competition to fund a commercial-scale carbon capture and storage project on a fossil fuel-fired power station, leaving an Iberdrola SA (IBE.MC)-led project as the only one remaining.

Marathon Acquires Position in Four Exploration Blocks in the Kurdistan Region of Iraq

Marathon Acquires Position in Four Exploration Blocks in the Kurdistan Region of Iraq

Τετ, 20 Οκτωβρίου 2010 - 18:58

Marathon Oil Corporation (NYSE: MRO) announced today that it has acquired a position in four exploration blocks in the KurdistanRegion of Iraq. The Company has signed production sharing contracts (PSCs) for operatorship and an 80 percent ownership in two open blocks northeast of Erbil - Harir and Safen.

Turkeys Deputy PM: Doubt Iran Sanctions Will Work

Turkey's Deputy PM: Doubt Iran Sanctions Will Work

Τετ, 20 Οκτωβρίου 2010 - 18:57

Turkey's Deputy Prime Minister Ali Babacan said Wednesday he doubts whether recent sanctions will resolve the international standoff over Iran's nuclear program, though noted "hesitation" among Turkish banks in doing business with the country.

Iran Has 30 Kg Of High Level Uranium - Atomic Chief

Iran Has 30 Kg Of High Level Uranium - Atomic Chief

Τετ, 20 Οκτωβρίου 2010 - 18:57

Iran said Wednesday it has produced around 30 kilograms of 20%-enriched uranium, in defiance of United Nations sanctions imposed on Tehran to suspend the contentious nuclear work.

Czech To Tax Photovoltaic Profits, CO2 Credits

Czech To Tax Photovoltaic Profits, CO2 Credits

Τετ, 20 Οκτωβρίου 2010 - 18:57

The Czech government agreed Wednesday on a new 26% tax on solar power generation profits, taxes and, at a later date, auctions of carbon emissions credits, and a hike in the fee to use public land for solar power generation, Prime Minister Petr Necas said at a press conference.

Iraq Lauds Natural Gas Auction After Awarding All Three Fields

Iraq Lauds Natural Gas Auction After Awarding All Three Fields

Τετ, 20 Οκτωβρίου 2010 - 18:56

The Iraq Oil Ministry Wednesday touted the results of its natural gas licensing round, after it named winning bidders for all three projects offered and garnered competitive contests for two of the three projects.

Qatar Withdraws from Astakos LNG and Power Project

Qatar Withdraws from Astakos LNG and Power Project

Τετ, 20 Οκτωβρίου 2010 - 15:19

Qatar withdrew its interest in investing in the western Greek port of Astakos via a letter from the Arab state’s Energy Ministry to the Greek government yesterday. The letter suggested that the two Qatari state companies involved in the project, which had agreed earlier this year on an estimated 10-billion-euro plan to construct and operate a liquefied natural gas (LNG) terminal and an electricity plant at the port, had deemed the investment was not in their interest.

OPEC Shift Hints At Coming Oil Output Rise

OPEC Shift Hints At Coming Oil Output Rise

Τρι, 19 Οκτωβρίου 2010 - 19:28

With crude-oil prices up by a third from a year ago, OPEC may seem content to rubber-stamp policy statements and count its growing revenue.

Oil Majors To Compete For Iraqs Gas Licensing Auction

Oil Majors To Compete For Iraq's Gas Licensing Auction

Τρι, 19 Οκτωβρίου 2010 - 19:28

After last year's two successful oil licensing auctions, Iraq is inviting international companies to compete once again Wednesday this time for three major gas fields that contain more than 11 trillion cubic feet of proven reserves.

China Signals Further Rare-Earth Cuts

China Signals Further Rare-Earth Cuts

Τρι, 19 Οκτωβρίου 2010 - 19:27

Chinese officials are signaling plans to further reduce rare-earth exports next year, sustaining its controls of the metals-- key ingredients in high-technology batteries and defense products--that have already severely frustrated foreign governments.

Iran Begins First Stage Of Fuel Subsidy Cuts-Report

Iran Begins First Stage Of Fuel Subsidy Cuts-Report

Τρι, 19 Οκτωβρίου 2010 - 19:27

Iran's government is starting the phased removal of fuel subsidies with cash payments into personal accounts Tuesday, a semi-official news agency said on the same day.