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South Korea Must Improve Offer To Win Nuke Deal - Turkish Envoy

South Korea Must Improve Offer To Win Nuke Deal - Turkish Envoy

Δευ, 27 Δεκεμβρίου 2010 - 17:54

South Korea must make an improved offer if it wants to secure a project to build a Turkish nuclear power plant, the country's ambassador to Seoul said Monday. Erdogan Iscan said negotiations that began in March effectively halted after last month's Group of 20 industrial and developing nations summit in Seoul, when the two sides failed to settle key differences

Libya Oil Head Sees Oil Trading Between $90 And $110 In 2011

Libya Oil Head Sees Oil Trading Between $90 And $110 In 2011

Δευ, 27 Δεκεμβρίου 2010 - 17:53

The Chairman of Libya's National Oil Corporation, or NOC, Shokri Ghanem said Monday oil prices will likely rise as high as $110 a barrel in 2011 and fall as low as $90 a barrel as the global economy continues on its path to recovery. "The price for the next year will be always hovering around $100-$110 a barrel, I think oil prices will break the $100 a barrel barrier in January and will be between $90-$110 for next year," Shokri Ghanem told Zawya Dow Jones by telephone from his office in Tripoli, Libya

Fuel Consumption Falls After Subsidy Cuts: Iran

Fuel Consumption Falls After Subsidy Cuts: Iran

Δευ, 27 Δεκεμβρίου 2010 - 17:51

Fuel consumption across Iran has fallen since the government began scrapping subsidies on energy goods, a top official said on Monday, adding the economic restructuring has been generally well received. "In the first nine days of the launch of the subsidy removal plan, the energy consumption has fallen," Deputy Economy Minister Mohammad Reza Farzin told AFP in an interview

Irans Blurry Energy Problems

Iran's Blurry Energy Problems

Δευ, 27 Δεκεμβρίου 2010 - 13:32

One of Tehran’s signature landscapes — the imposing, rugged line of the Alborz Mountains at the city’s northern boundary — has suddenly become an elusive one. Instead, Tehranis’ eyes, and complaints, have turned toward a dense and noxious wall of smog that has only rarely lifted during the past two months

Exxon Bulks Up On Natural-gas Assets

Exxon Bulks Up On Natural-gas Assets

Παρ, 24 Δεκεμβρίου 2010 - 14:20

Exxon Mobil Corp. continued a year-long buying spree for U.S. natural-gas assets, paying $575 million for wells and reserves in Arkansas.

Qatar Oil Minister: OPEC Not Worried About Current Oil Prices

Qatar Oil Minister: OPEC Not Worried About Current Oil Prices

Παρ, 24 Δεκεμβρίου 2010 - 14:18

The Organization of Petroleum Exporting Countries isn't worried about oil prices rising above $90 a barrel as they are largely driven by seasonal forces, Qatar Oil Minister Abdullah bin Hamad Al Attiyah said Friday.

Austria and Montenegro to Build 2 Albanian Hydroelectric Power Plants

Austria and Montenegro to Build 2 Albanian Hydroelectric Power Plants

Παρ, 24 Δεκεμβρίου 2010 - 12:21

Montenegro newspapers report that Austria's "Por" and "Bemax" from Podgorica, and cooperate on the first export deal Montenegrin builders (since the 1990s. In) to build two hydroelectric power plants on Drim in Albania. Regional Director of the Austrian company "Por" for Southeast Europe Raičković Budimir said the victory that they were satisfied with what "Bemax shows.

DryShips Announces Entry Into the Tanker Segment

DryShips Announces Entry Into the Tanker Segment

Παρ, 24 Δεκεμβρίου 2010 - 12:17

DryShips Inc, a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has entered into agreements with a first class Korean shipyard to purchase twelve high specification newbuilding tankers at a total purchase price of about $770 million, including over $3 million per vessel in extra items.