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Bulgaria Finance Minister rejects Russian loan for Belene nuke

Δευ, 22 Φεβρουαρίου 2010 - 12:41

Bulgarian Finance Minister Simeon Dyankov said on February 19 that he would not authorise a loan from Russia to continue construction on Belene nuclear power plant. Speaking to Bulgarian National Radio, Dyankov said: "I will not allow state guarantees [for a loan], our Budget would not survive it, nor do we need it."

E.ON: Gazprom Partially Drops Oil-Price Link For Gas Contracts

Παρ, 19 Φεβρουαρίου 2010 - 16:44

Germany's largest importer of natural gas E.ON Ruhrgas AG said Friday that OAO Gazprom (GAZP.RS), its largest supplier, partially dropped the oil-price link of gas delivery contracts, following months of negotiations between the companies.

Rosneft Awards ESPO Crude Tender To Unipec, Gunvor

Παρ, 19 Φεβρουαρίου 2010 - 16:43

Russia's top oil producer OAO Rosneft (ROSN.RS) has awarded a tender to sell ESPO Blend crude to Gunvor and Unipec, a trader said Friday.

Romania Officially Invited To Join S Stream Project

Παρ, 19 Φεβρουαρίου 2010 - 16:43

Russia's OAO Gazprom (GAZP.RS) extended a formal invitation to the Romanian authorities to join the South Stream pipeline project and to expand natural-gas cooperation beyond Romania's borders, Economy Minister Adriean Videanu said Friday, news agency Mediafax reports.

Russia:Turkey, Russia To Hold Talks On Nuclear Plant Mar

Παρ, 19 Φεβρουαρίου 2010 - 16:42

Russian Deputy Prime Minister Igor Secin said Friday Turkey and Russia will continue co-operation talks to build the first ever nuclear power plant March 9 in Moscow, the Ihlas News Agency, or IHA, reports.

Russia Ready To Help Finance Bulgaria Nuclear Plant

Παρ, 19 Φεβρουαρίου 2010 - 16:41

Russia is ready to finance the construction of a new nuclear plant in Bulgaria by up to EUR2 billion until a new strategic investor can be found, officials said here Friday.

Lukoil: 2009 Oil-Reserve Replacement Ratio 95%

Παρ, 19 Φεβρουαρίου 2010 - 16:40

Russia's biggest independent oil producer, OAO Lukoil Holdings (LKOH.RS), said Friday it added less hydrocarbons to its reserves than it produced in 2009, posting a reserve replacement rate of 95%.

Romania Romgaz, Gazprom To Carry On Gas Talks - Official

Πεμ, 18 Φεβρουαρίου 2010 - 19:29

Romanian natural gas supplier Romgaz Medias will continue negotiations with Russia’s giant Gazprom on gas storage co-operation, Romgaz general manager Marcel Piteiu said Wednesday. Economy Minister Adriean Videanu and Romgaz's head met earlier Wednesday with Gazprom vice-president Alexander Medvedev. The officials talked about setting up a natural gas storage facility in Romania.

Russias Gazprom Invites Romania To Join South Stream

Πεμ, 18 Φεβρουαρίου 2010 - 19:28

"I know that Transgaz was invited [to join South Stream]. Romgaz can't take part [in the project]," Videanu replied, when asked if state-owned gas producer Romgaz had been invited to join the pipeline project. Gazprom said late Wednesday that Romania is interested to take part in the project developed by the Russian company together with Italy's Eni.

Medvedev Urges Economic Changes To Meet CO2 Cut Target –Agency

Πεμ, 18 Φεβρουαρίου 2010 - 19:26

Russian President Dmitry Medvedev Thursday called for stepping up the Russian economy's modernization to achieve the government's target of reducing greenhouse gas emissions by 25% by 2020, Prime-Tass news agency reports.

Romania's Gas Imports Down To 2 Bcm In 2009 – Mediafax

Πεμ, 18 Φεβρουαρίου 2010 - 19:26

Romania imported about 2 billion cubic meters of natural gas from Russia in 2009, less than half the 5 billion cubic meters imported in 2008, data from the country's energy watchdog ANRE showed Thursday, news agency Mediafax reported.

Anadarko Gas Find Opens E Africa Offshore Potential

Πεμ, 18 Φεβρουαρίου 2010 - 19:26

U.S. oil producer Anadarko Petroleum Corp. (APC) said Thursday it had made a deepwater natural-gas discovery offshore Mozambique in a move that has the potential to open a new promising exploration frontier area for international producers: East Africa.

Gazprom Says To Strengthen Ties With German Energy Companies

Πεμ, 18 Φεβρουαρίου 2010 - 19:25

Russian gas firm OAO Gazprom (GAZP.RS) plans to further strengthen its cooperation with German companies in upstream and downstream energy projects, the company said Thursday following talks with German Economics Minister Rainer Bruederle.

EU Barroso: International Climate Talks Must Continue

Πεμ, 18 Φεβρουαρίου 2010 - 19:24

The international climate change talks must continue, and trust must be instilled in the process, European Commission President Jose Manuel Barroso said Thursday. "We need the international process to continue, building on what we could agree in the Copenhagen Accord and finding new ways to instill trust back into the process," Barroso said in the letter sent to European Union leaders.

Uganda Govt Asks Tullow To Reduce Proposed Share Of Oil Assets

Πεμ, 18 Φεβρουαρίου 2010 - 19:24

The Ugandan government has asked U.K.-based Tullow Oil PLC (TLW.LN) to reduce the size of its proposed share in three of the country's oil blocks in order to diversify ownership of Uganda's oil resources, the ministry of energy and minerals development said Wednesday.

'Obama's Nuclear Calculation Not Likely to Bear Fruit'

Πεμ, 18 Φεβρουαρίου 2010 - 18:15

US President Barack Obama has announced billions of dollars in loan guarantees for two new nuclear power plants in Georgia. Many see the move as an attempt to gain Republican support for his climate change bill. But German commentators argue that Obama has made a mistake.