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South Stream Signatures

Τετ, 26 Μαΐου 2010 - 13:41

Russia’s Gazprom and Greece’s natural gas grid operator DESFA will sign a deal on June 7 to build the Greek portion of South Stream, a Russian-led natural gas pipeline project, an official said on Monday. “The deal will be signed in Moscow,” DESFA spokesman Sotiris Hiotakis told Reuters.

China sets 5% tax on oil

Τετ, 26 Μαΐου 2010 - 13:25

China will levy a 5% resource tax on crude oil and natural gas sales and a 2% to 5% tax on coal in the Xinjiang region from 1 June, raising over 2 billion yuan ($292.8 million) for the region this year, according to local reports.

Russian Oil Companies to Pay Fines for Forcing up Petrochemical Prices

Τετ, 26 Μαΐου 2010 - 13:21

Russian oil companies will not only have to pay fines for breaking antitrust laws by forcing up petrochemical prices, but will also have to lower these prices, a Russian respected daily said on Wednesday.

EU Wants Unified System For Recharging Electric Cars In 2011

Τρι, 25 Μαΐου 2010 - 18:49

EU nations agreed Tuesday on the need to develop a standardized system for recharging electric cars throughout Europe by next year as part of efforts to convince sceptical consumers.

India Offers To Invest In Gas Fields In Turkmenistan

Τρι, 25 Μαΐου 2010 - 18:48

India Tuesday offered to invest in Turkmenistan's natural gas producing fields and set up a petrochemical plant in the Central Asian country as it seeks to secure its own energy supplies.

North Korea To Sever All Relations With South Korea

Τρι, 25 Μαΐου 2010 - 18:48

North Korea said Tuesday it was severing all relations with South Korea and cutting communications links in protest at claims that it had sunk one of Seoul's warships.

TNK-BP Has Completed Seismic Exploration Of Astrakhan Fields

Τρι, 25 Μαΐου 2010 - 18:47

BP PLC's (BP) Russian joint venture TNK-BP Holding (TNBP.RS) said Tuesday it has completed seismic exploration of all three of its fields in the Astrakhan region in the River Volga delta. TNK-BP acquired three 25-year licenses to develop fields in the Astrakhan region at an auction in 2006.

UK Government Outlines Laws To Promote Low-CO2 Energy

Τρι, 25 Μαΐου 2010 - 18:47

The U.K.'s coalition government outlined legislation to promote low-carbon energy production and secure energy supplies announced in the Queen's Speech that was delivered to parliament Tuesday.

Iberdrola Sells US Gas Units To Finance Transmission Project

Τρι, 25 Μαΐου 2010 - 18:46

Spanish electricity company Iberdrola SA (IBE.MC) Tuesday said it has agreed to sell three U.S. gas units to help finance a major electricity infrastructure project in New England.

Iran Says to Reconsider Fuel Swap if Sanctions Imposed

Τρι, 25 Μαΐου 2010 - 13:18

Iran will reconsider a nuclear fuel swap deal if world powers agree to impose further sanctions on the Islamic Republic, Interfax news agency quoted Tehran's ambassador to Moscow as saying on Tuesday.

Areva Gets $2B US Govt Loan Guarantee For Enrichment Plant

Παρ, 21 Μαΐου 2010 - 19:07

French nuclear group Areva SA (CEI.FR) said Friday that it has been granted a $2 billion loan guarantee from the U.S. Department of Energy to help finance its uranium enrichment facility near Idaho Falls, Idaho.

Libya Ready To Help Greece - Libyan PM

Παρ, 21 Μαΐου 2010 - 19:06

Libya stands ready to help Greece emerge from its debt crisis and beef up cooperation in the energy sector, Libyan Prime Minister Baghdadi Mahmoud said Friday in Athens.

Turkish PM Urges Obama Not To Dismiss Iran Nuclear Deal

Παρ, 21 Μαΐου 2010 - 19:06

Turkish Prime Minister Recep Tayyip Erdogan urged U.S. President Barack Obama not to dismiss a nuclear fuel swap deal sealed with Iran and to give diplomacy a chance, his press office said Friday.

BP: Oil Collected From Gulf Spill Down To 2,200 Barrels A Day

Παρ, 21 Μαΐου 2010 - 19:05

BP PLC (BP, BP.LN) said Friday the amount of oil it's collecting from a massive leak in the Gulf of Mexico has declined since Tuesday to 2,200 barrels of oil a day.

Total In Contact To Provide Support To BP

Παρ, 21 Μαΐου 2010 - 19:05

French oil major Total SA (TOT) has contacted fellow oil major BP PLC (BP) about potentially helping dig "relief wells" to try to contain the massive oil spill in the Gulf of Mexico, Total's Chief Executive Christophe de Margerie said Friday.

GDF Suez Executive: Sees Nord Stream Deal Done In Weeks

Παρ, 21 Μαΐου 2010 - 19:04

French energy company GDF Suez SA (GSZ.FR) expects to finalize a deal that will grant it a 9% stake in the Baltic Sea gas pipeline project Nord Stream within the coming weeks, Jean-Francois Cirelli, the company's vice chairman and president, said Friday.