English Edition

Saudi Hints at a Higher Oil Price and Blames Renewables

Τρι, 2 Νοεμβρίου 2010 - 14:15

Ali Naimi, the oil minister of Saudi Arabia, was in mischievous mood on Monday night, positing an oil price of $70 to $90 for the foreseeable future, and suggesting that oil consumers should be happy with such a settlement – because a price of more than $70 was needed to justify investments in renewable energy.

Angola Oil Minister: Oil Output To Touch 2.2 Mln BPD By 2012

Δευ, 1 Νοεμβρίου 2010 - 19:04

Angola, a member of the Organization of Petroleum Exporting Countries, expects to produce 2.2 million barrels of oil per day by 2012, Jose Maria Botelho de Vasconcelos said at the Petrotech energy conference Monday.

Turkmenistan To Strike EU Gas Supply Deal By Nov End - Report

Δευ, 1 Νοεμβρίου 2010 - 19:04

Turkmenistan expects to sign an agreement by the end of November with a consortium of European energy companies to supply natural gas to Europe along a route that would by-pass Russia for the first time, the Telegraph newspaper reports, citing a Turkmenistan official.

Russia-China Crude Oil Pipeline Starts Trial Operations - Xinhua

Δευ, 1 Νοεμβρίου 2010 - 19:04

The Russia-China crude pipeline starts trial operations Monday, state-run Xinhua agency reported, citing the General Administration of Customs of China.

Statoil Gets 8 Exploration Licenses On UK Continental Shelf

Δευ, 1 Νοεμβρίου 2010 - 19:03

-Statoil was awarded operatorship of parts of licences 8/15 and 9/11D, close to the Statoil-operated Mariner heavy oil discovery, and six licences in blocks 212 and 213 near the Faroe border.

Saudi Naimi: Saudi Can Supply World For 80 Yrs Without New Reserves

Δευ, 1 Νοεμβρίου 2010 - 19:03

Top oil exporter Saudi Arabia has 264 billion barrels of proven oil reserves, and could continue to supply the world market for another 80 years, the country's oil minister said Monday.

Nissan Hopes Its Image Turns New Leaf With Electric Car

Δευ, 1 Νοεμβρίου 2010 - 19:02

Nissan Motor Co. (NSANY, 7201.TO) is counting on its soon-to-be-launched Leaf electric car to create a new image for the company, which is traditionally viewed as the No. 3 Japanese auto maker behind Toyota Motor Corp. (TM, 7203.TO) and Honda Motor Co. (HMC, 7267.TO).

Rare Earth Fund Off to Flying Start

Δευ, 1 Νοεμβρίου 2010 - 14:54

A new exchange-traded fund (ETF) covering rare earth metals, many of which are crucial for the development of clean technologies such as solar panels, attracted widespread investor interest in its first day of trading last week.

India's Oil Demand to Jump 40 pc in next 10 yrs: PM

Δευ, 1 Νοεμβρίου 2010 - 14:51

Projecting a growth of 40 per cent in India's oil demand in next decade, Prime Minister Manmohan Singh today stressed on securing energy supplies at affordable prices to meet requirement of rapidly expanding economy.

Historic deal to Save Nature Reached in Nagoya

Δευ, 1 Νοεμβρίου 2010 - 14:51

Environment ministers from almost 200 countries on Friday (29 October) adopted historic targets to half the loss of natural habitats and dramatically increase nature reserves to 17 percent of the world’s land area by 2020 from less than 10 percent today.

Serbia and KfW Signed €70m Loan for Zvornik Hydropower

Δευ, 1 Νοεμβρίου 2010 - 14:50

Belgrade, 29 Oct 2010 – General Director of the Serbian electric power industry Elektroprivreda Srbije Dragomir Markovic and Director of the German Development Bank for Europe and the Caucasus Roland Siller signed a loan agreement for the revival of the Zvornik hydroelectric power plant.

Iraq Priority is Local Power Demand, Not Exports Via the Nabucco Pipeline

Δευ, 1 Νοεμβρίου 2010 - 14:48

Iraq would not be able to supply gas to Europe via the Nabucco pipeline before domestic power needs are met and this will not happen for six to seven years, Iraq's deputy oil minister told Reuters.

EC Backs Birbili’s Climate Goals

Δευ, 1 Νοεμβρίου 2010 - 10:42

Europe’s Commissioner for Climate Action Connie Hedegaard has told Kathimerini English Edition that she fully backs Greece to keep to its environmental targets despite the impact of the economic crisis and the need for the country to seek foreign investment in a range of projects. Environment Minister Tina Birbili recently expressed concerns about the environmental impact of a project agreed upon with two Qatari firms to transform the western port of Astakos into an energy hub