English Edition

Turkey Wants To Privatize Botas Contracts on Blue Stream - IHA

Πεμ, 13 Ιανουαρίου 2011 - 16:53

Turkey wants to privatize the state-owned pipeline and gas company Botas's 6 billion cubic meters natural gas contracts with Russia on the Blue Stream pipeline, Turkish Energy Minister Taner Yildiz said Thursday, the Ihlas News Agency, or IHA, reports.

Total, Santos, Petronas, Kogas To Develop $16B Australia Project

Πεμ, 13 Ιανουαρίου 2011 - 16:53

French oil major Total SA (TOT) and its partners Santos (STO.AU), Petronas (6033.KU) and Kogas announce the sanction of the GLNG project in Australia, representing a 16 billion dollars investment.

Oil To Avg $80 A Barrel In 2011, Says NBAD

Πεμ, 13 Ιανουαρίου 2011 - 16:52

Gulf Cooperation Council economies energy prices will likely average $80 a barrel in 2011, says National Bank of Abu Dhabi, or NBAD, in a note Thursday. "The primary driver of the GCC economies remains energy prices. The average oil price (Dubai spot - roughly the relevant benchmark for the region) assumed for our projections for all GCC member states is $80 a barrel in 2011," the bank says.

EU's Barroso Seeks Gas Supplies In Azerbaijan

Πεμ, 13 Ιανουαρίου 2011 - 16:51

The president of the European Commission, Jose Manuel Barroso, arrived in energy-rich Azerbaijan on Thursday for a visit aimed at securing Caspian Sea gas supplies for European Union countries.

Greece Selects Privatization Advisors for Gas, Defense Companies

Πεμ, 13 Ιανουαρίου 2011 - 16:51

The financial and legal privatization advisors for public gas monopoly DEPA and Hellenic Defense Systems (HDS) have been selected, the Greek Ministry of Finance said Thursday.

Iran Gas Exports to Turkey up 50%

Πεμ, 13 Ιανουαρίου 2011 - 14:57

Iran exported some 8.25 billion cubic meters of natural gas to Turkey in 2010, showing around 50 percent rise year on year, National Iranian Gas Export Company reported.

Burgas-Alexandroupolis Pipeline Not Suspended, But No Work Done - Transneft

Πεμ, 13 Ιανουαρίου 2011 - 14:54

The trans-Balkan Burgas-Alexandroupolis oil pipeline project has not been not suspended, but no work on it is being done, head of Russian oil pipeline monopoly Transneft Nikolai Tokarev said on Thursday.

Electricity Tariffs are Independent from Russia Joining WTO

Πεμ, 13 Ιανουαρίου 2011 - 14:53

Russia’s joining the World Trade Organisation will not cause higher tariffs on electricity, Minister of Energy Sergei Shmatko said on Thursday during a round table in the State Duma, which was devoted to energy problems.

Greece Submits Proposals About PPC's Lignite Capacity

Πεμ, 13 Ιανουαρίου 2011 - 14:52

Greece yesterday proposed to the European Commission that the country further liberalize its energy market by exchanging lignite-powered capacity produced by Public Power Corp SA. Under the proposal, PPC would swap electricity produced from lignite for power of an equal value from a producer in another European Union country, the Environment, Energy and Climate Change Ministry said in an e-mailed statement.

Eni CEO Open To New South Stream Partner

Τετ, 12 Ιανουαρίου 2011 - 18:56

Eni SpA (E) is open to a further partner in the South Stream natural gas pipeline project, although the negotiations are conducted by OAO Gazprom (GAZP.RS), said Chief Executive Paolo Scaroni of the Italian energy company Wednesday.

Brazil Petrobras: Gasoline Sales Hit Record In December

Τετ, 12 Ιανουαρίου 2011 - 18:56

Domestic gasoline sales in Brazil set a record in December as the country's economic boom generated strong demand, state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Wednesday.

Shell To Close Part Of Hamburg Refinery In 2012

Τετ, 12 Ιανουαρίου 2011 - 18:56

Royal Dutch Shell PLC (RDSB.LN) Wednesday said it is continuing negotiations with several potential buyers of the lubricant manufacturing plant at its refinery in Hamburg, Germany, but has decided to close fuel-processing facilities at the plant.

Russia Halts Oil To Belarus; Transit To Europe Unaffected

Τετ, 12 Ιανουαρίου 2011 - 18:55

Russia said Wednesday that oil supplies to Europe through Belarus are flowing as normal while talks continue following Russia's move to suspend crude oil deliveries to Belarus on Jan. 1.