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Bulgaria, Azerbaijan to Share in Project for Trans-Black Sea Compressed Natural Gas Transport

Δευ, 16 Νοεμβρίου 2009 - 14:53

Bulgaria and Azerbaijan will participate in a project for transportation of Azeri compressed natural gas to Bulgaria via Georgia and across the Black Sea. This provided for by a Memorandum of Energy Cooperation between Bulgaria's Economy, Energy and Tourism Ministry and Azerbaijan's Industry and Energy Ministry and a Memorandum of Cooperation between Bulgaria's state-owned Bulgartransgaz and the State Oil Company of the Azerbaijani Republic (SOCAR), signed here Friday during a one-day working visit to Sofia by Azerbaijan's President Ilham Aliyev.

Talks Start On Nabucco Gas Project For EUR1.5B Loan

Παρ, 13 Νοεμβρίου 2009 - 15:27

The parties of the Nabucco natural gas pipeline project have started negotiations with two European top lenders to borrow almost EUR1.5 billion for the project's construction, news agency Mediafax reports, citing officials from Romanian state-run gas pipeline operator Transgaz (TGN.RO).

Turkey Minister: Nuclear Plant Regulation May Change

Παρ, 13 Νοεμβρίου 2009 - 15:26

Turkey plans to change nuclear plant regulation instead of appealing a court's decision that suspended some articles in the regulation, Turkish Energy Minister Taner Yildiz said Friday, the Ihlas News Agency, or IHA, reports.

Renault To Build Fluence Electric Car In Turkey

Παρ, 13 Νοεμβρίου 2009 - 15:24

French automotive group Renault SA (RNO.FR) said Friday it will build the electric version of its Fluence sedan at the plant at Bursa, Turkey, which it shares with local company Oyak Yatirim Ortakligi AS (OYAYO.IS).

Slovenia: PM To Sign Deal With Russia For Gas Pipeline

Παρ, 13 Νοεμβρίου 2009 - 15:21

Prime Minister Borut Pahor will sign a deal in Russia Saturday for the construction through Slovenia of the massive South Stream gas pipeline to western Europe, a government minister said Thursday.

Finnish Court Lifts Halt On Nord Stream Mine Clearing

Παρ, 13 Νοεμβρίου 2009 - 15:19

A Finnish court lifted Friday a halt on ammunition clearing in the Baltic Sea imposed on Russian-led consortium Nord Stream in preparation for its planned gas pipeline.

Russia: EU Must Act To Prevent Ukraine Gas Crisis This Winter

Παρ, 13 Νοεμβρίου 2009 - 15:16

A senior Russian official appealed Friday for the European Union to enact "preemptive measures" to prevent another gas crisis in Ukraine this winter.

Explosion Hits S Russia Gas Distribution Facility

Παρ, 13 Νοεμβρίου 2009 - 15:08

An explosion hit a gas distribution facility in southern Russia's Stavropol territory Friday, Russian news agency RIA Novosti reports on its Web site, citing a local emergencies spokesman.

Mytilineos Breaks Gas Monopoly

Παρ, 13 Νοεμβρίου 2009 - 13:31

Metals and energy group Mytilineos will import liquefied natural gas (LNG) to Greece, breaking the monopoly held on the energy source by state gas company DEPA, it said yesterday. Mytilineos CEO Evangelos Mytilineos told an energy conference that by the end of the month his company will have imported by ship 65,000 cubic meters of natural gas purchased from Italy’s Eni.

Gas Cutoff Worries Linger

Παρ, 13 Νοεμβρίου 2009 - 13:31

Central and Southeastern European nations are better prepared for a potential gas cutoff this winter but have made little progress in weaning themselves off Russian supplies. Last winter, a contract dispute between Kiev and Moscow spurred the Russians to shut down a pipeline serving the region, leaving hundreds of thousands of people without gas heating in freezing temperatures and forcing businesses to close.

Total/CNPC Bid For Iraq Majnoon Field Was

Πεμ, 12 Νοεμβρίου 2009 - 19:41

PARIS (Dow Jones)--French oil major Total SA (TOT) and China National Petroleum Corp.'s offer for Iraq's Majnoon oil field was "balanced," a spokesman for the company said Friday, after the license was awarded to a consortium of Royal Dutch Shell PLC (RDSB) and Malaysia's Petroliam Nasional Bhd, or Petronas.

Turkish Bosporus Strait Closed Due To Heavy Storm – IHA

Πεμ, 12 Νοεμβρίου 2009 - 19:41

ISTANBUL (Dow Jones)--Turkey's Bosporus Strait has been closed to tanker traffic due to heavy storm, an official from the Turkish Coastal Safety Agency said Friday, the Ihlas News Agency, or IHA, reports.

DJ Shell-Petronas Consortium Awarded Majnoon Oil Field

Πεμ, 12 Νοεμβρίου 2009 - 19:40

BAGHDAD (Dow Jones)--A consortium comprising Royal Dutch Shell (RDSB) and Malaysia's Petronas has been awarded Iraq's Majnoon oil field, Iraqi Oil Minister Hussein al-Shahristani said Friday

Durbin: US Senate Likely To Impose More Sanctions On Iran In '10

Πεμ, 12 Νοεμβρίου 2009 - 19:40

WASHINGTON (AFP)--The Senate will likely approve a comprehensive package of tough new economic sanctions against Iran, but not until next year, a Senate ally of President Barack Obama said Thursday.

Iraq's Second Round Of Oil Bidding Starts

Πεμ, 12 Νοεμβρίου 2009 - 19:39

BAGHDAD (Dow Jones)--Iraq Friday opened the second post-war bidding round for international oil companies to develop some of the country's prized oil and gas fields. The licensing auction ceremony, opened by Iraq's Prime Minister Nouri al-Maliki, is offering 10 groups of oil and gas fields including the super-giants Majnoon and West Qurna-2, each holding more than 12 billion barrels.

Cyprus Won't Block Turkey's Process To EU

Πεμ, 12 Νοεμβρίου 2009 - 09:53

Blocking Turkey's progress towards European Union entry at a key December summit wouldn't be in the interests of long-term rival Cyprus, the Cypriot foreign minister said Wednesday.