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Eyes On OPEC With Oil Above $70-$80 Range

Πεμ, 8 Απριλίου 2010 - 19:33

Crude oil prices continue to hold 17-month highs and exceed OPEC's comfort zone, raising expectations that the group soon may push more oil into the market. Shokri Ghanem, Libya's top oil official, told Zaywa Dow Jones said he expects crude to hit $90 a barrel--at least temporarily--as early as next week, as economic recovery increases demand and trims inventories.

Enel, Renault To Sign Electricity Deal For Cars

Πεμ, 8 Απριλίου 2010 - 19:32

Italy's Enel SpA (ENEL.MI) and France's Renault SA (RNO.FR) will sign a deal Friday for the supply of electricity to power cars, a person familiar with the matter said Thursday. The accord will be announced Friday as part of the Italy-France summit scheduled in Paris, the person said.

Brazil's Petrobras To Expand Angola Exploration

Πεμ, 8 Απριλίου 2010 - 19:32

Brazilian state-run energy giant Petroleo Brasileiro SA (PBR), or Petrobras, plans to expand its exploration activities in Angola, reported state news agency Angola Press.

EU Commissioner Sees Russia As Energy Partner For Decades

Πεμ, 8 Απριλίου 2010 - 19:31

Russia will remain the European Union's main energy partner for decades, the newly appointed European Energy Commissioner Guenther Oettinger said Thursday, an indication that the bloc's policy of significantly cutting its dependence on its eastern neighbor for energy remains a distant goal.

Nord Stream Hopes Complete 2nd Stage Financing In 4Q

Πεμ, 8 Απριλίου 2010 - 19:31

Nord Stream AG, the OAO Gazprom (GAZP.RS)-led joint venture seeking to build an underwater pipeline from Russia to Germany, said Thursday it expects to complete EUR2.5 billion in financing for the second phase of the project in the fourth quarter of 2010.

Photovoltaic Park in Southern Greece Ready

Πεμ, 8 Απριλίου 2010 - 14:29

Positive Energy, a contractor that specializes in using renewable energy technologies, has completed the construction of a 100-kilowatt-peak (kWp) photovoltaic park in the southern Peloponnese, it said yesterday.

Bulgaria: Restrictions of Construction of Renewable Energy Facilities on Arable Land

Πεμ, 8 Απριλίου 2010 - 14:03

The Bulgarian Government has approved the enforcement of limitations on the construction of solar panels and wind turbine parks on agricultural land, a Government media statement announced on April 7 2010.

Oettinger to Attend Nord Stream Kick-Off Event in Russia

Πεμ, 8 Απριλίου 2010 - 13:35

Energy Commissioner Günther Oettinger arrived in Russia yesterday (7 April) for his first official visit outside the EU. During his stay, Oettinger will attend celebrations marking the launch of construction work on the Nord Stream gas pipeline.

Brussels Backs Down on Centralised Carbon Auction Plans

Πεμ, 8 Απριλίου 2010 - 13:34

The European Commission has backed down on plans to establish a centralised platform for auctioning CO2 emission allowances from 2013, allowing Germany, the UK and other large emitters to organise auctions at national level, according to a draft proposal seen by EurActiv.

Russia to Sign Last Document on South Stream Gas Project by May

Πεμ, 8 Απριλίου 2010 - 13:33

Russia expects to sign the last document required to launch the South Stream gas pipeline construction by the end of April, Energy Minister Sergei Shmatko said on Thursday. "The last agreement, with Austria, will be signed already in April," Shmatko said.