English Edition

What Will Iran do With Nuclear Weapons? Probably Nothing

Πεμ, 22 Απριλίου 2010 - 13:23

World leaders meeting in Washington last week engaged in a competition to see which could make the strongest remark about Iran not getting an atomic bomb. President Barack Obama has asked Russia, China and other nations to form a united front against the Iranian atomic program. Vice-president Joe Biden recently said, “The United States is determined to prevent Iran from acquiring nuclear weapons

Russian Crude Attracts Japan For Energy Security

Τετ, 21 Απριλίου 2010 - 18:43

Russia's new ESPO blend crude appears gaining recognition in Japan due to geographical proximity, country's aspiration for new energy sources. Russia's presence still small in Japan, where 90% of crude oil imported from Middle East. Nevertheless, Japanese oil industry officials see reasonable possibility Russia becoming larger supplier, helping Japan to boost energy security.

Spain Govt Doesn't Rule Out Retroactive Renewable Subsidy Cut

Τετ, 21 Απριλίου 2010 - 18:43

Spain's government doesn't rule out a retroactive cut in its generous subsidies for renewable power, an industry ministry spokesman said Wednesday.

Iran Denies Plans To Develop US-hitting Missiles

Τετ, 21 Απριλίου 2010 - 18:42

Iranian Defense Minister Ahmad Vahidi denied Wednesday the Islamic republic is planning to develop ballistic missiles capable of striking the U.S., as alleged by Washington. "We have no such plans," Vahidi told the official IRNA news agency, describing the allegations as "part of the enemy's psychological warfare."

IMF Raises China 2011 GDP Growth Forecast To 9.9% From 9.7%

Τετ, 21 Απριλίου 2010 - 18:42

The International Monetary Fund on Wednesday revised upward its forecast for China's 2011 economic growth to 9.9% just three months after it had forecast 9.7% growth, and suggested Beijing could use exchange rate appreciation to deal with excess demand pressures.

Japan, Spain Look At Romanian CO2 Emission Certificates - Mediafax

Τετ, 21 Απριλίου 2010 - 18:41

Romania hasn't yet "officially" started negotiations to sell CO2 emission certificates, but Spain and Japan have already expressed their interest, Romania's Environment Minister Laszlo Borbely said Wednesday, news agency Mediafax reports.

Russia Agrees Gas Discount To Ukraine

Τετ, 21 Απριλίου 2010 - 18:40

Russian President Dmitry Medvedev on Wednesday promised his Ukrainian counterpart, newly-elected Viktor Yanukovich, a discount on natural gas deliveries amid warmer ties between the two former Soviet republics.

Greek - Bulgarian Cooperation in the Energy Sector

Τετ, 21 Απριλίου 2010 - 16:28

The Board of Directors of the Hellenic Business Council in Bulgaria and the Institute of Energy for South East Europe (IENE) cordially invite you to attend a one day conference on: "Greek - Bulgarian Cooperation in the Energy Sector" which will take place at the "Sofia Hilton Hotel" on Thursday, April 29, 2010.

Brazil Awards Amazon Contract

Τετ, 21 Απριλίου 2010 - 13:54

Brazil awarded a contract to build and operate the world's third-largest hydroelectric plant on a tributary of the Amazon River, amid vocal protests by environmental activists.

Japanese Ministry of Economy Wants Hybrids, Electric Vehicles to Account for 50% of New Car Sales by 2020

Τετ, 21 Απριλίου 2010 - 13:52

If a certain type of car struggles to gain a foothold in the market, what can be done? Let's use the hybrid as an example. Say you want hybrids to become a sales success, but it's just not happening. What are your options? You could ditch them because buyers don't want hybrids. Or you could offer up huge incentives to drive up sales for a brief time while losing money.

China to Pay Venezuela $900mln to Develop Orinoco Oil Deposits

Τετ, 21 Απριλίου 2010 - 13:50

China National Petroleum Corporation (CNPC) will pay Venezuela $900 million for access to heavy crude oil fields in the Orinoco River Basin, Venezuela's Oil Minister Rafael Ramirez said on Wednesday.

Medvedev to Go to Ukraine to Discuss Gas, BFS Issues

Τετ, 21 Απριλίου 2010 - 13:49

Russian President Dmitry Medvedev on Wednesday for the first time over two years of work on the supreme state post will arrive in Ukraine. He will hold a meeting with his Ukrainian colleague Viktor Yanukovich in Kharkov.

Saudis Tighten China Energy Ties to Reduce U.S. Dependence

Τρι, 20 Απριλίου 2010 - 19:39

China, the world’s second-largest oil consumer, and Saudi Arabia, holder of about a fifth of global crude reserves, are forging ever closer ties as the Persian Gulf kingdom responds to a Chinese drive to feed its rising energy needs.

Finnish Nuclear Reactor Delayed Further - Reports

Τρι, 20 Απριλίου 2010 - 19:14

Finland's fifth nuclear power reactor, the construction of which has been plagued by numerous delays, is unlikely to go online in June 2012 as currently planned, Finnish media reported Tuesday.

Enel CEO:Possible Renewables' Unit IPO In Sep Offers Benefits

Τρι, 20 Απριλίου 2010 - 19:14

The possible initial public offering of Enel SpA's (ENEL.MI) renewables company in September offers benefits to the Italian utility, said Chief Executive Fulvio Conti Tuesday, adding a decision hasn't been taken yet.

Wind Energy Can Provide Half Of EU Electricity In 2050 - EWEA

Τρι, 20 Απριλίου 2010 - 19:13

Wind energy can provide half of the European Union's electricity requirements in 2050, the European Wind Energy Association said Tuesday. "The potential is there and the industry is ready. All we have to do is maintain current growth rates on- and offshore," Christian Kjaer, EWEA's chief executive is quoted as saying in a statement during the European Wind Energy Conference in Warsaw.