English Edition

Russian Offer on EUR 2 billion for Belene NPP Remains but the Project will not be Realized without European investor: PM

Τετ, 17 Μαρτίου 2010 - 15:58

Russia’s offer to grant EUR 2 billion for Belene NPP remain but the project will not be realized without European strategic investor, FOCUS News Agency reporter informs. “Until I do to get enough guarantees and European investor is not found this to become European project I will not make the taxpayers to give money,” the Bulgarian Prime Minister (PM) Boyko Borisov said.

Restriction of RF’s Access to Arctic Fields Inadmissible - Medvedev

Τετ, 17 Μαρτίου 2010 - 15:09

Russian President Dmitry Medvedev said on Wednesday some countries’ attempts to restrict Russia’s access to Arctic fields are inadmissible.

Oil-Rich Kirkuk Grows in Importance for Iraq

Τετ, 17 Μαρτίου 2010 - 14:25

The future stability of Iraq may turn on the fate of the oil city of Kirkuk, whose estimated 570,000 people are caught in a bitter dispute between the country’s Kurdish minority and the central government in Baghdad.

Rosneft Says Russian Oil Tax Spat May Threaten Record Output

Τετ, 17 Μαρτίου 2010 - 14:22

OAO Rosneft, Russia’s largest oil producer, expects the government to preserve tax exemptions for eastern Siberian crude exports at least through this year, saying that their removal would threaten national output.

China in Great Leap Forward for Gas

Τετ, 17 Μαρτίου 2010 - 14:21

China's burgeoning gas demand has been a key driver for a swathe of projects to supply the clean-burning fuel -- but the speed at which it will shift away from coal and oil could still catch markets by surprise.

ExxonMobil to Explore Black Sea with Specially Designed Transocean Drillship

Τρι, 16 Μαρτίου 2010 - 19:24

ExxonMobil Exploration and Production Turkey B.V., an ExxonMobil affiliate, will use the Deepwater Champion, a specially designed, newly built drillship from a subsidiary of Transocean Ltd. to explore the deepwater Black Sea offshore Turkey.

Turkey Minister: Hopes To Renew Iraqi Oil Pipeline Deal – IHA

Τρι, 16 Μαρτίου 2010 - 19:24

Turkey expects to renew an agreement on a pipeline that carries Iraqi crude oil from the city of Kirkuk to the Turkish port of Ceyhan, Turkish Energy Minister Taner Yildiz said Tuesday, the Ihlas News Agency, or IHA, reports.

Qatar Oil Minister: Sees No Change To OPEC Output Quota

Τρι, 16 Μαρτίου 2010 - 19:22

The Organization of Petroleum Exporting Countries will keep its production quota unchanged at its policy meeting Wednesday, in the context of a well supplied oil market, but the cartel will discuss how to align actual production with members' output targets, Qatari Oil Minister Abdullah bin Hamad Al Attiyah said Tuesday.

Iran, Pakistan Sign Deal Paving The Way For Gas Pipeline

Τρι, 16 Μαρτίου 2010 - 19:22

Iran and Pakistan signed a deal in Turkey on Tuesday paving the way for construction to start on a much-delayed natural-gas pipeline connecting the two nations in a move which has been opposed by Washington as undermining sanctions efforts against Tehran.

Gazprom Neft To Pay No Less Than 15% Of Net Profit In Dividend

Τρι, 16 Μαρτίου 2010 - 19:21

Russian oil major OAO Gazprom Neft (SIBN.RS) will pay no less than 15% of its net profit under U.S. GAAP standards in dividends, the company said Tuesday following a board meeting.

Shell: To Review Refining Business In Light Of Overcapacity

Τρι, 16 Μαρτίου 2010 - 19:20

Anglo-Dutch oil company Royal Dutch Shell PLC (RDSA) said Tuesday it would carefully reassess its downstream portfolio due to overcapacity in the refining industry and the growth potential for petrochemicals in Asia.

OECD Calls for Green Tax

Τρι, 16 Μαρτίου 2010 - 16:06

The Organization for Economic Cooperation and Development (OECD) has called on Greece to impose further taxes on fuel and abolish subsidies for polluting manufacturers so it can raise funds for investment in the environment.

GDF, Alstom Seek Saudi Partners for $400 Billion in Contracts

Τρι, 16 Μαρτίου 2010 - 13:54

ACWA Power International, the biggest Saudi power project developer, was rebuffed by GDF Suez SA and Marubeni Corp. in 2004 when it proposed partnering to bid for a $2.4-billion desalination and power plant.

Nord Stream Secures Funding

Τρι, 16 Μαρτίου 2010 - 13:45

Nord Stream has secured 3.9 billion euros ($5.3 billion) in financing allowing it to start building a pipeline to pump Russian natural gas to Europe under the Baltic Sea, The Financial Times reported on Tuesday. The funds will come from 26 banks with loan guarantees secured for 80% of the financing from the Italian and German credit agencies Sace and Hermes, the paper said.

Power Grab: Albania Considers Nuclear Energy

Τρι, 16 Μαρτίου 2010 - 13:42

Albania is inching closer to building a nuclear power plant. The government demonstrated its political will by establishing the National Nuclear Agency in January, responsible for development of the Albanian Nuclear Energy Programme.

Russia Not Looking To Merge South Stream, Nabucco

Δευ, 15 Μαρτίου 2010 - 20:17

Russia isn't considering merging its South Stream gas pipeline project with the European Union-backed Nabucco scheme, Energy Minister Sergey Shmatko said Monday, refuting a proposal to do so made last week by Italy's Eni SpA (E)'s Chief Executive Paolo Scaroni.