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Greece and Bulgaria Agree on Development Details for IGB Pipeline

Πεμ, 12 Αυγούστου 2010 - 13:11

Greece and Bulgariahave signed a development agreement outlining the precise steps and schedules for the development of the 160 km Greece - Bulgaria Interconnection Pipeline (IGB), proposed to transport gas from Komotini, Greece, to Stara Zagora, Bulgaria.

BP Delays Libya Deep Water Drilling, But Insists It's Safe

Τετ, 11 Αυγούστου 2010 - 16:14

U.K. oil giant BP PLC (BP) has pushed back the start of its exploration for oil in deep water offshore Libya for an unspecified period of time to ensure all its plans are in order, but the company and the Libyan authorities insist the drilling will be safe.

E.ON Names Board Member,Unit Chiefs In Management Revamp

Τετ, 11 Αυγούστου 2010 - 16:14

German utility E.ON AG (EOAN.XE) said Wednesday it has completed a reorganization of its top management level after appointing a new executive board member and naming new chief executives for its two biggest units.

Nigeria Vows To Pay Europe Cos Billions In Fuel Bills

Τετ, 11 Αυγούστου 2010 - 16:13

Nigeria has pledged to pay billions of dollars in long-overdue bills this month for fuel imports, but its uneasy European trade partners aren't exactly holding their breath.

Russia Approves TNK-BP Carbon Emissions Project

Τετ, 11 Αυγούστου 2010 - 16:13

Russia has approved a project by TNK-BP Holding (TNBP.RS) to sell emissions reduction units, or ERUs, on the international market, the Anglo-Russian oil major said Wednesday.

China: 2009 Energy Consumption Lower Than US -Xinhua

Τετ, 11 Αυγούστου 2010 - 16:13

China's National Energy Administration and the National Bureau of Statistics together said Wednesday that the country didn't surpass the U.S. to become the world's largest energy consumer in 2009, according to a Xinhua news agency report.

IEA: Europe Refinery Expansions Proceed Despite Industry Woes

Τετ, 11 Αυγούστου 2010 - 16:12

Some refiners in Europe are going ahead with expansion projects despite a dire medium-term outlook for the sector, the Paris-based International Energy Agency said Wednesday.

AES To Invest 4.3 Mln Euro in Bulgarian Town

Τετ, 11 Αυγούστου 2010 - 12:06

U.S. energy group AES would invest 8.5 million levs ($5.8 million/4.3 million euro) in the Bulgarian town of Galabovo where it is building a 670 MW thermal power plant, Bulgarian media reported on Tuesday

Israel Unlikely to Attack Iran Before U.S.- Castro

Τετ, 11 Αυγούστου 2010 - 12:06

Israel will not be the first state to attack Iran, because such an act would make it an enemy of all nuclear powers, Cuban revolutionary leader Fidel Castro said in his Reflections column on the Cuba Debate website.

South Korean Firm Discovers Oil Reserves In Northern Iraq

Τρι, 10 Αυγούστου 2010 - 16:27

South Korea's state-run petroleum company said Tuesday it has discovered crude oil reserves in two blocks it is exploring in northern Iraq.

GDF Suez Confirms International Power Buy; 1H Net +9%

Τρι, 10 Αυγούστου 2010 - 16:27

French utility GDF Suez SA (GSZ.FR) Tuesday confirmed it is acquiring a majority stake in the U.K. independent power company International Power PLC (IPR.LN) as it reported first-half net profit rose 9% and confirmed its forecasts through 2011.

China Starts Piloting Low-Carbon Provinces, Cities -Official

Τρι, 10 Αυγούστου 2010 - 16:27

China has assigned five provinces and eight cities to participate in a low-carbon pilot program as part of its efforts to reduce emissions, the National Development and Reform Commission, the country's top economy agency, said Tuesday.

Turkey Privatizes 75% Of Electricity Distribution -IHA

Τρι, 10 Αυγούστου 2010 - 16:26

Turkey has privatized 75% of its electricity distribution capabilities after auctioning four power grids Monday, Ihlas News Agency, or IHA, quotes Energy Minister Taner Yildiz as saying Tuesday.