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Commission Slams Poland Over Gazprom Clause

Πεμ, 15 Ιουλίου 2010 - 15:04

Poland is preventing EU companies from buying its surplus Russian gas, infringing EU internal market rules, the European Commission said yesterday (14 July).

EU's Big Three Issue Joint Call for 30% CO2 Cuts

Πεμ, 15 Ιουλίου 2010 - 15:03

Ministers from the UK, France and Germany have issued a joint call for the EU to raise its emissions reduction target to 30% by 2020.

German Nuclear Lifespan Extension Auction Not Urgent-Ministers

Τετ, 14 Ιουλίου 2010 - 18:59

Auctioning extensions to the lifespans of nuclear power plants isn't an urgent issue at present, German Environment Minister Norbert Roettgen and Economics Minister Rainer Bruederle said Wednesday.

Russia Promises Iran Fuel Despite Sanctions - Minister

Τετ, 14 Ιουλίου 2010 - 18:59

Russian companies are ready to supply fuel to energy-hungry Iran, despite unilateral U.S. and European Union sanctions targeting Iran's oil and gas sectors, the Russian energy minister said Wednesday.

Siemens To Announce Wind Power JV With Russia Thu - Spokesman

Τετ, 14 Ιουλίου 2010 - 18:59

German industrial conglomerate Siemens AG (SI) will announce a joint venture Thursday with two Russian partners for producing wind turbines in Russia, a spokesman said Wednesday.

Chinese Steel Demand To Peak In 2024; Ebb Slowly -Analysts

Τετ, 14 Ιουλίου 2010 - 18:58

Chinese steel demand will peak in 2024 in a range of 700-800 kilograms per person, doubling the per capita level of use in 2008 of 375 kg, and then decline only slowly in following years, according to an analysis on China's metal intensity use presented Wednesday by Westpac Banking Corp. (WBC.AU) senior economist Huw McKay.

Rio Tinto: 2Q Iron Ore Output 43.6M Metric Tons, Down 2% On Year

Τετ, 14 Ιουλίου 2010 - 18:58

Iron ore production by Rio Tinto Ltd. (RIO.AU) fell 2% in the second quarter of 2010 compared with the same period last year, but improved 1% from the first three months of the year, to 43.6 million metric tons, the company said Wednesday.

EU-US to Collaborate on Rare Earths

Τετ, 14 Ιουλίου 2010 - 13:41

The US Congress and the European Parliament could hold parallel hearings and produce a joint communiqué on crucial raw materials as part of efforts to cooperate on areas of strategic interest, according to a senior Washington policymaker.

Russia Tries to Involve Germany in South Stream to Weaken Nabucco

Τετ, 14 Ιουλίου 2010 - 13:39

The possible participation of a strong German partner in the Russian-Italian South Stream gas pipeline project could undermine the rival Nabucco pipeline, Kommersant business daily said on Wednesday.

Russia's Zarubezhneft to Drill Cuba Oil Shelf in 2011 - CEO

Τετ, 14 Ιουλίου 2010 - 13:38

Russian state oil company Zarubezhneft plans to drill a shelf near Cuba in 2011, Zarubezhneft CEO Nikolai Brunich said on Wednesday.

Russia, Iran to Draft Roadmap for Energy Cooperation

Τετ, 14 Ιουλίου 2010 - 13:37

Russian and Iranian energy ministries have signed a joint statement expanding the two countries’ business cooperation in energy.

Exxon Offshore Projects Could Benefit From Oil Spill -Analyst

Τρι, 13 Ιουλίου 2010 - 18:53

The tragic Deepwater Horizon oil spill in the Gulf of Mexico could give Exxon Mobil Corp. (XOM) the opportunity to become the operator on many of its offshore joint venture projects on advantageous terms that will add value to the company through larger equity stakes in exchange for handling operations, says Fadel Gheit, analyst at Oppenheimer & Co.

BP Starts Test To Determine Success Of New Cap

Τρι, 13 Ιουλίου 2010 - 18:53

BP PLC (BP, BP.LN) will perform tests Tuesday to see if the recently placed sealing cap has the ability to shut in the well that is gushing oil into the Gulf of Mexico, a company vice president said.