English Edition

Kuwait Says Oil Price Good, Warns Against Speculation

Τρι, 20 Απριλίου 2010 - 19:13

Kuwaiti Oil Minister Sheikh Ahmad Abdullah al-Sabah said Tuesday that the current oil price is "good" and that he expected it to remain within the $75-$90-a-barrel range.

German Wind Capacity To Rise In '10; Overseas Focus

Τρι, 20 Απριλίου 2010 - 19:12

Growth in German newly installed wind-power-generation capacity should accelerate in the domestic market in 2010, but the wind industry is increasingly banking on international growth over the longer term, the Bundesverband WindEnergie, or BWE, the sector's main domestic lobby group, said Tuesday.

Chavez: US Oil Firms Pay $3B A Year In Royalties To Venezuela

Τρι, 20 Απριλίου 2010 - 19:12

U.S. oil firms pay about $3 billion a year in royalties to the Venezuelan government, a number that dwarfs the $200 million they'd be paying if previous Venezuelan administrations remained in charge, President Hugo Chavez said.

EU, Poland Move to Settle Carbon Quota Row

Τρι, 20 Απριλίου 2010 - 14:13

Poland has stood its ground on carbon quotas as the European Commission yesterday (19 April) accepted its revised plan for allocating emission allowances. The agreement maintained the amount of allowances originally proposed by Poland despite the Commission's objections.

North Korea Readying for 3rd Nuclear Test

Τρι, 20 Απριλίου 2010 - 14:12

North Korea is preparing for a third atomic test that may come in May or June, South Korean broadcaster YTN reported on Tuesday, an act that could further isolate Pyongyang and complicate already troubled nuclear diplomacy.

Russia's Sakhalin Calls for More Investment from Japan

Τρι, 20 Απριλίου 2010 - 14:10

The Japanese business community should take a more active role in large-scale energy projects in the Russian Far East region of Sakhalin, the region's governor said.

Iberdrola to Put $2 billion in Wind Parks

Τρι, 20 Απριλίου 2010 - 14:05

Iberdrola SA won approval to build 50 wind parks in Romania in what would be the world’s largest land-based wind-energy development and require at least $2 billion in investment. Aiming to supply power to almost 1 million homes, the Bilbao, Spain-based company acquired rights from the Romanian government to build 1,500 megawatts of capacity through 2017

Russia Minister Doesn't Mention Gas Cuts Discussed At Forum

Δευ, 19 Απριλίου 2010 - 19:28

Russian Energy Minister Sergei Shmatko didn't mention gas-output cuts among the topics that were discussed at a Gas Exporting Countries Forum Monday.

Romania's OMV Petrom Plans To Invest RON6.9B In 2010

Δευ, 19 Απριλίου 2010 - 19:26

Romania's largest oil and gas company OMV Petrom (SNP.RO) will invest 6.9 billion lei ($2.23 billion) in 2010, up 66% on the year, chief executive Mariana Gheorghe told news agency Mediafax on Monday.

Russia Will Find Civilized Solution To Kovykta Case

Δευ, 19 Απριλίου 2010 - 19:24

Russia will find a "civilized" solution to the situation surrounding the huge Kovykta gas condensate field in Siberia, which is owned by BP PLC's (BP) Russian joint venture TNK-BP Ltd., Russia's Natural Resource Minister Yuri Trutnev said Monday.

Russia, Qatar Set To Announce Cooperation Gas Agreement

Δευ, 19 Απριλίου 2010 - 19:22

Russia and Qatar are set to unveil a statement agreeing to closer cooperate in the gas sector, a person familiar with the matter said Monday.

Russian Minister: Shale Gas A Threat To Gazprom

Δευ, 19 Απριλίου 2010 - 19:20

Production of shale gas poses a threat to Russian gas giant OAO Gazprom (GAZP.RS), the country's Natural Resource Minister Yuri Trutnev said Monday.

Exxon To Lead Iraq Water Injection Project In South-Official

Δευ, 19 Απριλίου 2010 - 19:18

U.S. giant Exxon Mobil Corp. (XOM) will be the leader of a multibillion joint water injection project planned to be set up in southern Iraq to help offset a water problem facing oil fields development, a senior Iraqi oil official said Monday.

Iran in Talks with UN Security Council

Δευ, 19 Απριλίου 2010 - 18:18

Iran plans to hold talks with all 15 members of the UN Security Council to discuss a nuclear fuel deal, Foreign Minister Manouchehr Mottaki said on Monday. He said the deal, under which Iranian stockpiles of low-enriched uranium would be sent to France and Russia to be turned into reactor fuel, could be finalized in two weeks if all sides showed the necessary will, Iran's ILNA news agency reports

Russia, Qatar Plan Joint Gas Projects in Russian Arctic

Δευ, 19 Απριλίου 2010 - 18:17

Russia and Qatar are planning joint projects to develop gas deposits on the Yamal Peninsula in the Russian Arctic, the energy ministers of both countries said in a joint statement on Monday.

Romania, Georgia and Azerbaijan Study on New Gas Transport Route

Δευ, 19 Απριλίου 2010 - 17:56

Romania, Georgia and Azerbaijan start a feasibility study to assess whether a gas transport on the Azerbaijan-Georgia-Romania route is possible. The three parties agreed to call the project AGRI – Azerbaijan Georgia Romania Interconnection. Romanian minister Videanu says AGRI could be completed before Nabucco.