English Edition

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

Japan Sanctions Vs Iran Not Curbing Crude Imports

Παρ, 29 Οκτωβρίου 2010 - 19:11

Large on-month gain in Japan's September crude oil imports from Iran suggests country's tighter sanctions against Iran not affecting oil trade. Although new sanctions, adopted Sept. 3, allow crude oil imports, possible cut in banks' lending for business with Iran could lead to fall in imports, say a few officials at oil refiners

Russia To Boost Natural Gas Supplies To Poland

Παρ, 29 Οκτωβρίου 2010 - 19:08

Polish and Russian government officials, after nearly two years of talks, Friday signed an amended agreement that boosts deliveries of natural gas from Russia to Poland. Russia's OAO Gazprom will gradually increase supplies to Poland, which in October faced an imminent threat of shortages after losing a supply deal with a Gazprom-linked trade

Hungary's MVM Could Buy MOL Stake From Surgut

Παρ, 29 Οκτωβρίου 2010 - 19:04

MVM could take a loan to buy the MOL stake, which is worth around 500 billion forints ($2.6 billion), without boosting Hungary's public debt. Hungary's public debt is already the biggest in central and Eastern Europe. The Hungarian National Development Ministry said last Thursday that buying Surgut's stake would be "one possible solution for the current, uncertain situation." The sale of the Russian stake to MVM would create a more stable situation, reassuring Hungary that MOL isn't an acquisition target

Russia To Sign Deal To Build Vietnam Nuclear Plant

Παρ, 29 Οκτωβρίου 2010 - 19:02

Russian President Dmitry Medvedev will visit Hanoi this weekend to agree the construction of Vietnam's first nuclear power plant, a deal aimed at reviving ties with the Soviet-era ally, his aide said Friday. Russian and Vietnamese officials will ink an intergovernmental agreement to construct a nuclear power plant, part of an "extensive raft of bilateral agreements," Medvedev's top foreign policy aide Sergei Prikhodko said

Russia «Interfering» In Turkmenistan Energy Sphere

Παρ, 29 Οκτωβρίου 2010 - 18:56

Turkmenistan Friday accused Russia of interfering in its energy business by spreading false information, the latest sign of flaring tensions between the neighbors. In a strongly worded statement the Turkmen Foreign Ministry slammed Moscow for attempting to spoil some of Ashgabat's ongoing projects