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EBRD To Lend Lukoil Up To $300 Mln For Power Subsidiary

Δευ, 9 Νοεμβρίου 2009 - 17:10

The European Bank for Reconstruction and Development said Monday it will lend Russian oil giant OAO Lukoil (LKOH.RS) up to $300 million to fund the modernization of a power subsidiary in southern Russia.

Gazprom 2Q Net Profit Down 35% On Lower Gas Prices

Δευ, 9 Νοεμβρίου 2009 - 17:09

Russia's natural gas monopoly OAO Gazprom (GAZP.RS) said its second-quarter net profit tumbled 35% due to lower demand for gas in Europe and lower prices.

Iraqi Parliament To Question Oil Min Nov 10

Δευ, 9 Νοεμβρίου 2009 - 17:07

Iraq’s parliament has moved the questioning session of the country’s oil minister Hussein al-Shahristani from Nov. 11 to Nov. 10, an Iraqi oil ministry official and a lawmaker said Monday.

US Ready To Give Iran Some Space On Uranium Deal

Δευ, 9 Νοεμβρίου 2009 - 17:06

The U.S. wants to give Iran "some space" in negotiations on a key deal on the supply of fuel for a nuclear reactor, amid signs Tehran is set to reject it, a top U.S. official said here Monday.

Bids For EDF's UK Grids Sale Seen Early 2010

Δευ, 9 Νοεμβρίου 2009 - 17:04

Bids are expected for Electricite de France SA's (EDF.FR) U.K. power grids sale early next year, with the winner expected to be known by March, people familiar with the matter said Monday.

New Doubts Surface Over Economy

Δευ, 9 Νοεμβρίου 2009 - 16:04

Ratings agency Moody’s expressed concerns yesterday about whether Greece’s economy will be able to grow over the next decade as the government wrestles with one of the highest debt levels in the eurozone.

EU:Ukraine Says It Has Enough Gas In Storage For Winter Period

Παρ, 6 Νοεμβρίου 2009 - 14:41

Ukraine told the European Commission that it has enough natural gas in storage to meet demand for the winter period, a commission spokesman said Friday.

Poland To Announce LNG Terminal Builder Short-List Monday

Παρ, 6 Νοεμβρίου 2009 - 14:38

Polish natural gas pipeline operator Gaz-System will Monday release a short-list of general contractors eligible to build a planned LNG terminal on the Baltic coast, a unit of Gaz-System said in a statement Friday.

Iran To Give UN Watchdog More Details On Nuclear Fuel Plan

Παρ, 6 Νοεμβρίου 2009 - 14:36

Iran is preparing to give the International Atomic Energy Agency more details of its response to proposals from the major powers for the supply of nuclear fuel, Foreign Minister Manouchehr Mottaki said Friday.

New Natural-Gas Route To Europe From Russia Cleared

Παρ, 6 Νοεμβρίου 2009 - 14:35

Nord Stream, an $11 billion pipeline that would pump natural gas from Russia to Germany and bypass Ukraine, cleared its last major regulatory hurdles on Thursday when Sweden and Finland both gave the green light to a project that could redraw Europe's energy map.

Eti Gumus Submits $485M Bid For Osmangazi Grid

Παρ, 6 Νοεμβρίου 2009 - 14:33

Turkish silver mining company Eti Gumus has submitted the highest bid of $485 million in a tender to sell 100% of electricity distribution grid company Osmangazi Elektrik Dagitim AS, the Ihlas News Agency, or IHA, reports.

Exxon Group Wins Iraq Oil Contract

Παρ, 6 Νοεμβρίου 2009 - 14:31

The Iraqi Oil Ministry has awarded an Exxon Mobil Corp. consortium the right to develop one of the world's largest oil fields, marking the first time an American-led group has been allowed into the Iraqi oil patch since the U.S.-led invasion began.

Lukoil Fined $225 Million In Russia Fuel

Πεμ, 5 Νοεμβρίου 2009 - 18:05

Russian non-state oil giant OAO Lukoil (LKOH.RS) was fined RUB6.55 billion ($225 million) Thursday by the Russian antitrust regulator for abusing its dominant position in the refined oil-products market.

Pipeline From Russia To Germany Passes Regulatory Hurdle

Πεμ, 5 Νοεμβρίου 2009 - 18:04

Nord Stream, a $15 billion pipeline that would pump natural gas from Russia to Germany bypassing Ukraine, cleared its last major regulatory hurdles Thursday when Sweden and Finland both gave the green light to a project that could redraw the energy map of Europe.

Sweden, Finland Okay Russia's Nord Stream Pipeline

Πεμ, 5 Νοεμβρίου 2009 - 18:03

Sweden and Finland agreed on Thursday to allow the Russia-led Nord Stream gas pipeline to Germany run through Swedish and Finnish economic zones in the Baltic Sea, their governments said.

Exxon, Shell Sign Initial Pact For Iraq West Qurna

Πεμ, 5 Νοεμβρίου 2009 - 18:01

A consortium led by U.S. oil major Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA) Thursday signed an initial 20-year agreement with Iraq to develop the West Qurna-1 oil field, an Iraqi oil official said.