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South Korea To Introduce New Law To Fuel Renewable Energy -Report

Πεμ, 18 Μαρτίου 2010 - 17:03

South Korea will introduce new regulations to promote renewable energy use, Yonhap news agency reported Thursday. The Ministry of Knowledge Economy said lawmakers passed a bill earlier in the day that will make it mandatory for local power companies to generate a certain percentage of electricity by harnessing the energy created by the sun, wind, water or terrestrial heat, the agency reported.

Wintershall CEO: GDF Suez Likely Last New Nord Stream Member

Πεμ, 18 Μαρτίου 2010 - 17:03

GDF Suez SA (GSZ.FR) will likely be the last new member of the Nord Stream consortium which is laying a gas pipeline under the Baltic Sea from Russia to Germany, Wintershall AG Chief Executive Rainer Seele said Thursday.

Papandreou Seeks EU Aid Mechanism, Challenging Merkel

Πεμ, 18 Μαρτίου 2010 - 16:26

Greek Prime Minister George Papandreou set a one-week deadline for the European Union to craft a financial aid mechanism for Greece, challenging Germany to give up its doubts about a rescue package.

Draft EU Gas Regulation Under Parliament Scrutiny

Πεμ, 18 Μαρτίου 2010 - 11:57

A European Commission proposal to improve security of gas supplies following last year's price dispute between Russia and Ukraine has inspired 614 amendments from members of the European Parliament.

U.S. Court Orders Seizure of Rosneft Assets Under Yukos Lawsuit

Πεμ, 18 Μαρτίου 2010 - 11:54

A U.S. court has ruled to seize $419 million worth of assets of Russia's state oil major Rosneft under a lawsuit filed by managers of the now defunct oil giant Yukos, a business daily reported on Thursday.

China Builds Underwater Tunnel for Russian Oil Pipeline

Πεμ, 18 Μαρτίου 2010 - 11:53

China has finished the construction of a tunnel under the Amur River to accommodate an extension of a pipeline intended to pump millions of tons of Russian oil to the energy-hungry country every year, the Xinhua news agency said Thursday.

Iran Ready For Nuclear Fuel Swap Inside Country

Τετ, 17 Μαρτίου 2010 - 20:45

Iran has said it is ready for a one-shot nuclear fuel exchange on its own soil, edging closer to the conditions of a plan drawn up by the United Nations atomic watchdog last year as major powers mulled a new round of sanctions.

Angola May Restart Oil Licensing Round In 2011 - Oil Minister

Τετ, 17 Μαρτίου 2010 - 20:45

Angola may restart a delayed licensing ground in 2011, the country's oil minister said Wednesday, after the process was interrupted late 2008. Speaking to Dow Jones Newswires after exiting a meeting of the Organization of Petroleum Exporting Countries that left output unchanged, Jose Botelho de Vasconcelos said the licensing will "maybe" restart next year.

Edited Text Of OPEC Communique From March 17 Vienna Meeting

Τετ, 17 Μαρτίου 2010 - 20:44

The Conference reviewed recent oil market developments, in particular supply/demand projections, as well as the outlook for 2010, and noted that, while the global economy is clearly rebounding from the late 2008 and early 2009 recession

Rosneft Shares Fall On Yukos Court Injunction Report

Τετ, 17 Μαρτίου 2010 - 20:43

Shares in Russian oil major OAO Rosneft (ROSN.RS) fell as much as 4% on Wednesday, following a news report that a court injunction won by now-bankrupt Yukos could jeopardize the company's crude exports.

Mytilineos Buys Endesa Stake In Greece Venture For EUR140M

Τετ, 17 Μαρτίου 2010 - 20:43

Greek metals and energy group Mytilineos Holdings SA (MYTIL.AT) said Wednesday it has bought out Spanish Endesa SA's (ELE.MC) stake in a joint venture Greek power company for EUR140 million.

Statoil: Wins 20 Oil Exploration Leases In US Gulf of Mexico

Τετ, 17 Μαρτίου 2010 - 20:42

Norwegian oil and gas company Statoil ASA (STO) said Wednesday it was the highest bidder on 20 oil and gas exploration leases in the U.S. Gulf of Mexico. The new leases make the company one of the largest leaseholders in the highly prospective deep water areas offshore the U.S.

Iran to Invest $200 bln in Oil and Gas Sector in Next 5 years

Τετ, 17 Μαρτίου 2010 - 20:24

Iran plans to invest $200 billion in its oil and gas sector over the next five years to prevent a production decline and boost refining capacity, the trade journal Upstream reported Wednesday on its web site. "For the next five years, we are now... planning seriously for investment of upstream and downstream [of] $200 billion investment," the U.S.-based newspaper quoted oil minister

Russia and Croatia Resurrect Druzhba-Adria Oil Transport Scheme

Τετ, 17 Μαρτίου 2010 - 16:03

Prime Minister Vladimir Putin of Russia and Jadranka Kosor of Croatia discussed the oil transportation scheme known as Druzhba-Adria integration during Kosor’s recent visit to Moscow. The trip marked Croatia’s accession to Gazprom’s South Stream project and opened the way for Russian energy companies’ expansion to the Adriatic coast (EDM, March 5).

Trans Adriatic Pipeline Submits Application for Inclusion in the Rete Nazionale Gas (RNG) Grid

Τετ, 17 Μαρτίου 2010 - 16:02

The Trans Adriatic Pipeline AG (TAP) has made another significant step in its progress of the TAP project and submitted its official application to the Italian Ministry of Economic Development in Italy for inclusion in the Rete Nazionale Gas (RNG) Grid.

Debate on Belene NPP, Kozloduy NPP, Nabucco

Τετ, 17 Μαρτίου 2010 - 16:00

The energy security is one of the big challenges the world is facing, said European Commissioner for Energy Guenter Oettinger at the Black Sea Energy and Economic Forum (BSEEF) through public-private partnership, FOCUS News Agency reporter informs.