English Edition

EU Backs Bulgaria Role in South Stream

Τετ, 3 Μαρτίου 2010 - 13:55

EU Energy Commissioner, Guenther Oettinger, has stated that the EU supports the Russian backed South Stream gas pipeline provided that it meets technical requirements for security. Oettinger is in Bulgaria for Tuesday’s international forum ‘Energy security in the wider Black Sea region: an approach to public-private partnership’.

CEE Join to Form Gas Supply Triangle

Τετ, 3 Μαρτίου 2010 - 13:54

Representatives of 11 Central and East European countries signed a joint declaration Wednesday, calling for the establishment of a north-south-east gas system to ensure supplies are secure.

Bulgaria Should Rely on Sources Other Than Just Russian Natural Gas

Τετ, 3 Μαρτίου 2010 - 13:52

Bulgaria needed to diversify its fuel energy sources and guarantee its people a stable and corruption-free environment, US ambassador James Warlick was quoted as saying by Bulgarian-language Dnevnik daily on February 25 2010.

EU Prioritizing Nabucco Pipe, Could Back South Stream

Τρι, 2 Μαρτίου 2010 - 18:25

The Nabucco gas pipeline remains a priority for the European Union but the bloc could also back Russia's South Stream project, EU Energy Commissioner Gunther Oettinger said Tuesday.

EU Eyes European Investment In Bulgarian Nuclear Plant

Τρι, 2 Μαρτίου 2010 - 18:25

European Union Energy Commissioner Guenther Oettinger on Tuesday backed Bulgarian efforts to find a European investor for a new nuclear plant in Bulgaria that a Russian company has been hired to build.

Total CEO: In Talks On Projects In Russia

Τρι, 2 Μαρτίου 2010 - 18:24

French oil major Total SA (TOT) is in talks on potential projects in Russia, Chief Executive Christophe de Margerie said Tuesday in an interview with BFM Radio, but these discussions aren't sufficiently advanced to lead to a deal yet.

Russia Sees Room For Diplomacy On Iran Nuclear Program

Τρι, 2 Μαρτίου 2010 - 18:24

Russia still believes there is room for a diplomatic solution to the dispute with Iran over its nuclear program, Israeli newspaper Haaretz reports on its Web site Tuesday, citing Russian Foreign Minister Sergei Lavrov.

BP Focuses On Refining For $3B Profitability Boost

Τρι, 2 Μαρτίου 2010 - 18:23

BP PLC (BP) said Tuesday focus on improving the profitability of its refining operations over the next two to three years in an effort to boost the company's annual underlying pretax profit by more than $3 billion.

Russia,Croatia Sign MOU On South Stream Participation

Τρι, 2 Μαρτίου 2010 - 18:22

Croatia Tuesday agreed with Russia to take part in the South Stream project, which that country is leading to build a pipeline under the Black Sea, Interfax reported.

France Inks Deal with Russia's Gazprom

Τρι, 2 Μαρτίου 2010 - 16:27

In the presence of French President Nicolas Sarkozy and his Russian counterpart Dmitry Medvedev, GDF Suez and Gazprom signed an agreement in Paris yesterday (1 March) formalising the entry of the French utility to the Nord Stream pipeline project.

Energy Prices Drive OECD Inflation Higher

Τρι, 2 Μαρτίου 2010 - 15:06

The annual rate of inflation in developed economies continued to rise as 2010 began, driven by higher energy prices. The Organization for Economic Cooperation and Development said Tuesday consumer prices among its 30 members rose 2.1% in the 12 months to January, compared with a 1.9% increase in the 12 months to December.

Greece Set to Outline New Austerity Measures Wednesday

Τρι, 2 Μαρτίου 2010 - 15:03

The Greek government is expected to outline a new austerity package of about €4 billion ($5.42 billion) on Wednesday in an effort to cut its huge budget deficit by four percentage points this year, government officials said Tuesday.

Gas Grid Sale in Constantinople

Τρι, 2 Μαρτίου 2010 - 14:41

Constantinople's municipality hired Citigroup Inc EFG Istanbul Securities and Ak Investment as advisers on the sale of its natural-gas grid operator. “The municipality’s subsidiaries department has awarded the three financial institutions with the advising process,” said Cengiz Ozturk, a spokesman for the Istanbul municipality, by telephone yesterday.