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Gazprom Exec Sees Bolivia Gas JV In 2-3 Months

Gazprom Exec Sees Bolivia Gas JV In 2-3 Months

Παρ, 9 Οκτωβρίου 2009 - 20:21

Russia and Bolivia could establish a natural gas joint venture in the next two to three months, RIA Novosti reports Friday, citing an OAO Gazprom (GAZP.RS) executive.

Turkish Govt, RES To Build EUR750M Wind Power Projects

Turkish Govt, RES To Build EUR750M Wind Power Projects

Παρ, 9 Οκτωβρίου 2009 - 20:19

Turkey's Investment Support and Promotion Agency and U.K.-listed wind power investor and development Renewable Energy Systems Holdings Ltd., or RES, plan to build wind power generation projects with a capacity of 500 megawatts in Turkey, the Ihlas News Agency, or IHA, reports.

BP, CNPC Win Iraq Oil

BP, CNPC Win Iraq Oil

Παρ, 9 Οκτωβρίου 2009 - 20:18

British oil major BP PLC and China National Petroleum Corp., or CNPC, signed an initial agreement with Iraq to develop Rumaila, Iraq's largest producing oil field, paving the way for a final deal calling for investment estimated at as much as $15 billion, an Iraq ministry spokesman said.

Russia’s 1-Billion-Dollar Loan to Serbia Seen as Expanding its Regional Influence

Russia’s 1-Billion-Dollar Loan to Serbia Seen as Expanding its Regional Influence

Πεμ, 8 Οκτωβρίου 2009 - 18:47

Russia will grant Serbia a $1 billion (680-million-euro) loan to cover the Balkan country’s budget deficit and invest in infrastructure, officials said yesterday, in a deal that could extend Russia’s influence in the region. The deal is expected to be signed during a visit to Serbia by Russian President Dmitry Medvedev on October 20.

Positive Indications Emerge on Oil Reserves in Aegean

Positive Indications Emerge on Oil Reserves in Aegean

Πεμ, 8 Οκτωβρίου 2009 - 18:28

Aegean Energy, the country’s only operator of oil and gas production, may launch several new drilling operations in the northern Aegean Sea in coming months after exploration revealed signs of more undersea hydrocarbon reserves, it said yesterday.

Bahrain, Occidental Petroleum Agree To Boost Oil, Gas Output

Bahrain, Occidental Petroleum Agree To Boost Oil, Gas Output

Πεμ, 8 Οκτωβρίου 2009 - 18:10

The kingdom of Bahrain said Thursday it will set up a company to increase oil and gas production in collaboration with U.S. firm Occidental Petroleum Corp. (OXY) and Abu Dhabi's Mubadala Development Co.

Venezuela Seeks Oil Investment During Global Economic Slump

Venezuela Seeks Oil Investment During Global Economic Slump

Πεμ, 8 Οκτωβρίου 2009 - 18:08

President Hugo Chavez speaks of getting robust foreign investment in Venezuela's oil sector, but major oil companies don't seem to be prepared to actually spend much as long as the global economic downturn slogs on.

Azerbaijan May Start Production At Shah Deniz II In 2016

Azerbaijan May Start Production At Shah Deniz II In 2016

Πεμ, 8 Οκτωβρίου 2009 - 17:28

Azerbaijan could start production at the second stage of its Caspian offshore field Shah Deniz in 2016, if transit talks with Turkey are completed next year, an official from the Azerbaijani state oil firm Socar said Thursday.

Azerbaijan Plans To Raise 2010 Oil Output To 50 Mln Tons

Azerbaijan Plans To Raise 2010 Oil Output To 50 Mln Tons

Πεμ, 8 Οκτωβρίου 2009 - 17:23

Azerbaijan plans to slightly boost its annual oil production to about 50 million metric tons in 2010 from 48 million tons planned for this year, an official at Azerbaijan's state oil company Socar said Thursday.

Positive indications emerge on oil reserves in Aegean

Positive indications emerge on oil reserves in Aegean

Πεμ, 8 Οκτωβρίου 2009 - 15:48

A vessel transports a drilling rig that was set up in waters off Kavala, northeastern Greece. Mathios Rigas, the chairman of Aegean Energy, the country’s only operator of oil and gas production, said Greece is one of the few Mediterranean countries that hasn’t been properly explored for hydrocarbon reserves. Rigas expects international companies to start showing greater interest in Greece as positive results emerge.

Elinoil to Focus on Biofuels

Elinoil to Focus on Biofuels

Πεμ, 8 Οκτωβρίου 2009 - 15:47

Fuel company Elinoil stated yesterday that its greater participation in the biofuel industry is a strategic target for the company, via its Elin Biofuels subsidiary, founded three years ago.

E.ON Pans to Start 19 New Gas Plants

E.ON Pans to Start 19 New Gas Plants

Πεμ, 8 Οκτωβρίου 2009 - 15:45

E.ON AG, Centrica Plc and other European utilities plan to start at least 19 new gas-fired power plants this quarter from Greece to Ireland, potentially cutting power and emissions prices and boosting demand for gas.