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BP Unlikely To Have To Sell Assets To Fund Spill-Fitch

BP Unlikely To Have To Sell Assets To Fund Spill-Fitch

Τετ, 16 Ιουνίου 2010 - 18:49

BP PLC (BP) is unlikely to have to sell assets to pay the costs of its oil spill in the Gulf of Mexico and the company will probably not be broken up as a consequence of the environmental disaster, said representatives of Fitch Ratings Wednesday.

Uzbeks Seize, Threaten To Blow Up Kyrgyz Oil Depot - Report

Uzbeks Seize, Threaten To Blow Up Kyrgyz Oil Depot - Report

Τετ, 16 Ιουνίου 2010 - 18:49

Ethnic Uzbeks have seized the largest oil depot in southern Kyrgyzstan and are threatening to blow it up unless the interim government provides security for them to leave safely, the Daily Telegraph reports on its website Wednesday.

Iran To Build Powerful Nuclear Research Reactor

Iran To Build Powerful Nuclear Research Reactor

Τετ, 16 Ιουνίου 2010 - 18:48

Iran plans to construct a new nuclear reactor for radio-isotope production that is "more powerful" than its Tehran research facility, atomic chief Ali Akbar Salehi said Wednesday.

Turkeys Anel Elektrik Shares Up 1% On Debut - IHA

Turkey's Anel Elektrik Shares Up 1% On Debut - IHA

Τετ, 16 Ιουνίου 2010 - 18:48

Shares in Turkey-based energy company Anel Elektrik Proje Taahhut ve Ticaret AS were up 1% from their base price of 5.30 lira ($3.38) on their first day of trading on the Istanbul Stock Exchange Wednesday, the Ihlas News Agency, or IHA, reports.

Nuclear Power Could Generate 25% Of Electricity By 2050 -IEA

Nuclear Power Could Generate 25% Of Electricity By 2050 -IEA

Τετ, 16 Ιουνίου 2010 - 18:47

Nuclear power could be generating almost one quarter of global electricity by 2050, making a significant contribution to reductions in greenhouse gas emissions, the International Energy Agency said Wednesday.

BP Swaps Rise to Record at 39% Odds of Default: Credit Markets

BP Swaps Rise to Record at 39% Odds of Default: Credit Markets

Τετ, 16 Ιουνίου 2010 - 13:21

Credit investors are pricing in a more than 39 percent chance BP Plcwill default within five years as it tangles with the Obama administration over cleanup costs and claims for the biggest oil spill in U.S. history.

Russia Plans On Renewed East Siberia Oil Export Duty

Russia Plans On Renewed East Siberia Oil Export Duty

Τρι, 15 Ιουνίου 2010 - 17:47

Russia's government has decided to partially reinstate an export duty on crude oil produced in East Siberia starting July 1 in order to release more funds for the federal budget, a government official said Tuesday.

Spain To Cut Solar, Offshore Wind Capacity Targets

Spain To Cut Solar, Offshore Wind Capacity Targets

Τρι, 15 Ιουνίου 2010 - 17:46

The Spanish government plans to lower its installed capacity targets for solar and offshore wind power until 2020 due to a decline in electricity demand, according to a draft released by the Institute for the Diversification and Saving of Energy Tuesday, or IDAE.

Obama To Create Oil Recovery Czar -Spokesman

Obama To Create Oil Recovery Czar -Spokesman

Τρι, 15 Ιουνίου 2010 - 17:46

President Barack Obama, in his televised speech to the nation Tuesday, will announce the creation of an oil recovery "czar" to oversee progress in siphoning crude from the Gulf of Mexico oil spill, his chief spokesman said.

GDF Suez: To Build 1,730 MW Power Plant In Saudi Arabia

GDF Suez: To Build 1,730 MW Power Plant In Saudi Arabia

Τρι, 15 Ιουνίου 2010 - 17:45

French utility GDF Suez (GSZ.FR) Tuesday announced a 20-year power purchase agreement with Saudi Electricity Co (5110.SA), and said that it--along with its partners Aljomaih Holding Co of Saudi Arabia and Japan's Sojitz Corp. (2768.TO)--will start building the 1,730 megawatt gas-fired power plant for the project.

Saudi Aramco Says Raised Oil Capacity, Gas Production In 2009

Saudi Aramco Says Raised Oil Capacity, Gas Production In 2009

Τρι, 15 Ιουνίου 2010 - 17:44

Saudi Arabian Oil Co., the world's biggest oil company, said Tuesday it boosted its recoverable oil and gas reserves in 2009, and raised total crude oil production capacity to 12 million barrel a day, while crude production fell.

President Obama Boosts Oil Price

President Obama Boosts Oil Price

Τρι, 15 Ιουνίου 2010 - 13:20

Moscow’s bourses look set to open with a small gain to reflect yesterday’s positive session in GDRs, albeit that gain will be less than previously expected due to the late sell-off in the US markets and Moody’s reminder that Greece’s debt problems are far from resolved. The ruble should also see a small opening gain with oil trading above $75 p/bbl again in Asia.

Motor Oil: Competition Committee Approves Shell Acquisition

Motor Oil: Competition Committee Approves Shell Acquisition

Τρι, 15 Ιουνίου 2010 - 13:17

The competition committee approved on Friday the acquisition of Shell Hellas from Motor Oil. However, the committee said that Shell and Avin will have to reduce their market share to 55% in two Greek counties (Ioannina and Kefalonia), which was more or less expected.