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Russias TNK-BP To Issue Up To $1B In Bonds

Russia's TNK-BP To Issue Up To $1B In Bonds

Τετ, 27 Ιανουαρίου 2010 - 17:55

Russian oil producer TNK-BP Holding (TNBP.RS), part-owned by U.K. oil major BP PLC (BP), could raise as much as $1 billion from its upcoming eurobond offering, people familiar with the situation said Wednesday.

Venezuela Oil Chief Heads To Russia, China To Discuss Pacts

Venezuela Oil Chief Heads To Russia, China To Discuss Pacts

Τετ, 27 Ιανουαρίου 2010 - 17:54

Venezuela Oil Minister Rafael Ramirez was leaving Wednesday for Russia and then to China to discuss plans for developing heavy crude blocks in the eastern Orinoco region, the Venezuelan government said in a statement.

CNPC-Total-Petronas Group Finalizes Iraq Halfaya Field Deal

CNPC-Total-Petronas Group Finalizes Iraq Halfaya Field Deal

Τετ, 27 Ιανουαρίου 2010 - 17:53

The Iraqi oil ministry Wednesday finalized in Baghdad a deal with a consortium made up of China National Petroleum Corp., Total SA (TOT) and Malaysia's Petroliam Nasional Bhd, better known as Petronas, to develop Iraq's Halfaya oil field, Iraqi oil officials said.

OMV Exec:Nabucco Project Will Be Decided By Demand In Open Season

OMV Exec:Nabucco Project Will Be Decided By Demand In Open Season

Τετ, 27 Ιανουαρίου 2010 - 17:52

The decision on whether the European Union-backed Nabucco Pipeline goes ahead will be made by the market this summer, when transport contracts are put up for sale, a top-executive of the pipeline project's Austrian partner, OMV AG (OMV.VI), said Wednesday.

Bulgaria may receive more nuclear decommissioning aid

Bulgaria may receive more nuclear decommissioning aid

Τετ, 27 Ιανουαρίου 2010 - 13:51

The European Parliament has launched a procedure for the allotment of EUR 300 M in additional compensations over four years to Bulgaria for the closure of Soviet-designed reactors 1 to 4 at Bulgaria's Kozloduy nuclear power plant.

Bulgarian ‘green’ energy overdrive is raising concerns

Bulgarian ‘green’ energy overdrive is raising concerns

Τετ, 27 Ιανουαρίου 2010 - 13:34

Bulgaria is undergoing a boom in the renewable energy sector that experts warn could see an influx of dodgy investment and actually end up doing more harm than good for the environment. And the government – the main driver behind the boom – is taking note.

Gov’t looks to Asia for funding

Gov’t looks to Asia for funding

Τετ, 27 Ιανουαρίου 2010 - 13:32

Senior officials from the Finance Ministry will head eastward in a bid to drum up funds that will help meet the country’s borrowing needs in a plan that could see Asian investors buying up to 10 billion dollars of government debt.

Chevron Makes Australia Gas Discovery

Chevron Makes Australia Gas Discovery

Τρι, 26 Ιανουαρίου 2010 - 19:36

Chevron Corp. (CVX) said it made a natural-gas discovery off Western Australia's coast as part of the proposed 43 billion Australian dollar ($39 billion) Gorgon liquefied-natural-gas project.

Russian Finance Min Calls For End To Oil Tax Breaks

Russian Finance Min Calls For End To Oil Tax Breaks

Τρι, 26 Ιανουαρίου 2010 - 19:35

Shares in Russia's biggest oil producer OAO Rosneft (ROSN.RS) plummeted more than 7% on Tuesday on fears that government discussions to abandon tax breaks on crude oil produced in East Siberia could hurt the company's profits.

Azerbaijan State Oil Fund Grows To $14.8 Bln In 2009

Azerbaijan State Oil Fund Grows To $14.8 Bln In 2009

Τρι, 26 Ιανουαρίου 2010 - 19:33

The assets of energy-rich Azerbaijan's state oil fund rose by nearly a third in 2009 to $14.8 billion, the fund said in a statement Tuesday. But after nearly quadrupling its assets in 2008, the sovereign wealth fund's growth slowed considerably to 32.8% amid the global economic downturn last year.

Tullow Agrees To Buy Heritages Uganda Oil Assets

Tullow Agrees To Buy Heritage's Uganda Oil Assets

Τρι, 26 Ιανουαρίου 2010 - 19:32

Tullow Oil PLC (TLW.LN) said Tuesday it has signed an agreement to buy Heritage Oil PLC's (HOIL.LN) Ugandan oil assets for up to $1.5 billion, pre-empting Heritage's previous sale agreement with Eni SpA (E) and eliminating the possibility of a rival offer.

Russia 2009 Iron Exports Total 4.59 Million Tons,19% Down On Yr

Russia 2009 Iron Exports Total 4.59 Million Tons,19% Down On Yr

Τρι, 26 Ιανουαρίου 2010 - 19:30

Russia exported in 2009 4.59 million metric tons of iron, 19% less than in 2008, the federal statistics agency reported Tuesday. Iron exports to countries outside the CIS in 2009 totaled 4.46 million tons, 17.2% less than in 2008.

PetroChina takes back energy top slot

PetroChina takes back energy top slot

Τρι, 26 Ιανουαρίου 2010 - 15:59

PetroChina, the oil company largely owned by the Chinese government, has overtaken ExxonMobil of the US to regain its position as the world’s largest listed energy group by market capitalisation.

Gazprom to Discuss Strategy as U.S. Market Set to Slip Away

Gazprom to Discuss Strategy as U.S. Market Set to Slip Away

Τρι, 26 Ιανουαρίου 2010 - 14:58

Gazprom top executives are to hold a key board meeting today as the energy giant faces up to the possibility of losing the U.S. market. Respected Russian business daily Kommersant reported on Tuesday that abundant shale gas has made the United States, the world's largest natural gas market, self-sufficient while surplus liquefied natural gas undermines the competitiveness of Russian natural gas.

EIB provides 50 mln euros in funding for ‘Green Iraklio’

EIB provides 50 mln euros in funding for ‘Green Iraklio’

Τρι, 26 Ιανουαρίου 2010 - 14:38

The European Investment Bank (EIB) and the City of Iraklio in Crete signed an agreement yesterday for a 50-million-euro loan to the local authority of the island’s biggest city aimed at improving quality of life.