English Edition

De Boer Steps Down From UN Diplomatic Post After Climate Summit

Πεμ, 18 Φεβρουαρίου 2010 - 18:13

Yvo de Boer, the United Nations diplomat who led talks aimed at curbing global warming, is quitting his post after failing to achieve a binding agreement at Copenhagen’s climate summit in December. De Boer, 55, is resigning as executive secretary effective July 1 to join KPMG International, the UN Framework Convention on Climate Change said today in an e-mailed statement.

Nord Stream Gets Approval for Gas Pipe Link to European Network

Πεμ, 18 Φεβρουαρίου 2010 - 18:11

The operator of the Nord Stream gas pipeline project said on Thursday it had received approval from German authorities to connect the trans-Baltic pipeline to the European gas network. The permission was obtained by Opal Net Transport, a subdivision of Wingas, a joint venture between Russian energy giant Gazprom and Germany's Wintershall, the Nord Stream operator said in a statement.

Green Energy Hits the Track

Πεμ, 18 Φεβρουαρίου 2010 - 18:09

Auto racing is hardly one of the greenest sports out there. But Porsche has now come up with a racecar outfitted with a hybrid engine. The technology could ultimately find its way onto the street. The word is one that stands for the loftiest hopes of progress in modern automobile engineering. It should come as no surprise that the technology now graces even racecars.

Energy Company Mergers Are Expected to Rise

Τετ, 17 Φεβρουαρίου 2010 - 19:58

After a two-year slowdown in mergers and acquisitions in the industry, companies are once again looking for ways to use their checkbooks to expand their reserves, buy new technology or snap up promising oil and gas fields.

Bulgaria: Bureaucracy Hampers Solar Business

Τετ, 17 Φεβρουαρίου 2010 - 19:50

The solar business in Bulgaria is practically halted by bureaucracy and statutory loopholes. Bulgaria has good potential for solar radiation, which ranges from 1,100 to 1,500 kWh a year in the different regions. Foreign companies and banks, though, are unwilling to take the risk of investing without knowing how the main obstacles to this business will be cleared.

Abkhazia Signs Russian Military Base Deal Wed

Τετ, 17 Φεβρουαρίου 2010 - 19:49

The presidents of Abkhazia and Russia signed a deal Wednesday allowing a Russian military base in the breakaway Georgian region for 50 years, despite fierce criticism from Georgia and Western nations, RIA Novosti news service reports Wednesday.

Russian Watchdog Recommends To Withdraw TNK-BP's Kovykta License

Τετ, 17 Φεβρουαρίου 2010 - 19:49

Russia's environmental watchdog Rosprirodnadzor said Wednesday it has recommended to withdraw the license for TNK-BP Ltd.'s giant Kovykta gas condensate field, increasing pressure on BP PLC's (BP) Russian joint venture.

Oil Rises Towards $78 on Dollar, Firm Equities

Τετ, 17 Φεβρουαρίου 2010 - 15:27

Oil rose toward $78 a barrel on Wednesday, supported by the dollar and by stock market gains, as investor risk appetite resumed after concerns about a euro zone debt crisis subsided. U.S. crude for March delivery rose 57 cents to $77.58 a barrel at 1253 GMT (7:53 a.m. EST) , after closing 3.9 percent higher on Tuesday, the highest percentage gain since a 5.8 percent rise on September 30.

Putin Urges Rational Energy Use

Τετ, 17 Φεβρουαρίου 2010 - 15:26

Prime Minister Vladimir Putin has called for rational uses of energy. “We must change the mentality and provide the responsible and rational use of natural resources,” he said at the Tuesday meeting of the government presidium.

Russia, USA, France Voice Serious Concern About Iran’s Uranium Enrichment

Τετ, 17 Φεβρουαρίου 2010 - 15:25

The uranium enrichment in Iran causes serious concern about the actual target of the Iranian nuclear program, says a joint letter of Russia, the United States and France to International Atomic Energy Agency (IAEA) Director General Yukia Amano.

Direct Deliveries, South Stream On Agenda of Gazprom CEO Visit to Bulgaria

Τετ, 17 Φεβρουαρίου 2010 - 14:28

Gazprom chief executive Alexey Miller visited Sofia on February 16 to meet Bulgarian President Georgi Parvanov, Prime Minister Boyko Borissov and Economy Minister Traycho Traykov to discuss measures that would speed up the construction of the South Stream gas pipeline.

Kremlin: Russia To Offer Stakes In State Companies-Report

Τρι, 16 Φεβρουαρίου 2010 - 18:45

The Russian government intends to hold auctions in the coming months to offer stakes in state companies as part of a program to privatize government shareholdings, a Kremlin economic aide said Tuesday, the RIA Novosti news service reports.

Iran Ready For Atomic Fuel Exchange "Even With US" -President

Τρι, 16 Φεβρουαρίου 2010 - 18:43

President Mahmoud Ahmadinejad said Tuesday that Iran is ready to exchange nuclear fuel "even with the United States" so long as the transfer is "simultaneous."

Gazprom Wants Bulgaria To Speed Up South Stream Work

Τρι, 16 Φεβρουαρίου 2010 - 18:42

OAO Gazprom (GAZP.RS) chief executive Alexei Miller was in Sofia Tuesday for talks to speed up work on the Russian gas giant's South Stream gas pipeline project, Bulgarian officials said.

Saudi Aramco: Spare Crude Capacity At 4M B/D, Output 12M B/D

Τρι, 16 Φεβρουαρίου 2010 - 18:42

Saudi Arabia's state oil company Saudi Arabian Oil Co, or Saudi Aramco, still has 4 million barrels a day of spare crude oil capacity, in addition to its daily production of 12 million barrels, a senior executive from the company told reporters Tuesday.

Exxon Added 2 Billion Barrels Of Reserves In 2009

Τρι, 16 Φεβρουαρίου 2010 - 18:41

Massive natural gas projects led Exxon Mobil Corp. (XOM) on Tuesday to report the highest level of reserve additions in a decade, but the company found less new oil deposits than it depleted in 2009.