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Gazprom Launches North American Gas Trading Business

Πεμ, 1 Οκτωβρίου 2009 - 18:26

Russia's OAO Gazprom (GAZP.RS), the world's biggest producer of natural gas, said Thursday it has made its first entry into the U.S. market, trading and marketing natural gas.

Nabucco Gas Pipe To Tap Iraq, Azerbaijan As 1st Sources

Πεμ, 1 Οκτωβρίου 2009 - 18:25

The Nabucco pipeline aimed at pumping gas to Europe bypassing Russia will use Iraq and Azerbaijan as its first main sources, the head of the company running the project said Thursday.

Enel Cuts Interim Dividend To EUR0.10/Shr Vs EUR0.20 Yr Ago

Πεμ, 1 Οκτωβρίου 2009 - 18:23

Enel SpA (ENEL.MI) said Thursday it halved its interim dividend on the year, as the Italian utility implements a new policy aimed at reducing its towering debt pile.

Gazprom To Double Gas Export To Denmark Via Nord Stream Pipe

Πεμ, 1 Οκτωβρίου 2009 - 18:22

Russia's OAO Gazprom (GAZP.RS) has agreed to double shipments of natural gas to Denmark through the Nord Stream pipeline, the Russian company said Thursday.

Gas Price Hike

Πεμ, 1 Οκτωβρίου 2009 - 14:58

Bulgaria’s energy regulator decided yesterday to raise wholesale natural gas prices by 2.49 percent from October 1 to reflect higher alternative fuel prices on international markets. The State Commission for Energy and Water Regulation set gas prices at 374 levs ($278.7) per 1,000 cubic meters for the last quarter of the year from 365 levs now to reflect also a stronger US dollar.

Elinoil to Focus on Biofuels

Πεμ, 1 Οκτωβρίου 2009 - 14:56

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. It added that the group is focusing on increasing its sales volume, which last year grew by 22.7 percent annually to reach 746.6 million euros.

Ukrainian, Russian Presidents To Meet In Moldova In October

Τετ, 30 Σεπτεμβρίου 2009 - 18:08

Ukrainian President Viktor Yushchenko said Wednesday he would meet with his Russian counterpart Dmitry Medvedev early next month, after the Kremlin had snubbed his earlier attempts for talks in the worst post-Soviet crisis in bilateral ties.

Egypt Targets EGP200B Oil,Gas Exports

Τετ, 30 Σεπτεμβρίου 2009 - 17:59

Egypt wants to more than double its oil and gas exports to 200 billion Egyptian pounds ($36.1 billion) annually over the next four years from about EGP95 billion now, the country's trade minister said Wednesday.

Turkey Opposes Economic Sanctions Against Iran

Τετ, 30 Σεπτεμβρίου 2009 - 17:56

Turkey said Wednesday it is opposed to economic sanctions against Iran for its nuclear activities, wary over their impact on regional trade.

Rosneft CEO Says State May Sell More Shares

Τετ, 30 Σεπτεμβρίου 2009 - 17:53

Sergei Bogdanchikov, the chief executive of Russia's largest oil producer OAO Rosneft (ROSN.RS), Wednesday said the possibility of the state selling more shares in the company exists, but that the decision would be up to the state.

Eni Wins New Onshore Gas Concession In Pakistan

Τετ, 30 Σεπτεμβρίου 2009 - 17:52

Eni SpA (E) has won a new concession to explore for gas onshore Pakistan, Chief Executive Paolo Scaroni said Wednesday after a meeting in Rome with a Pakistani delegation.

EDF To Join In Building Russian Gas Pipeline

Τετ, 30 Σεπτεμβρίου 2009 - 17:51

French power company Electricite de France SA will join the South Stream gas pipeline project, designed to bring Russian gas across the Black Sea to Europe without passing through Ukraine, by the end of November, according to a person familiar with the matter.

Iraq Bans Sinopec From 2nd Bidding Round

Τετ, 30 Σεπτεμβρίου 2009 - 17:42

Iraq has decided to ban China Petroleum & Chemical Corp. (SNP), or Sinopec, from its second oil and gas bidding round because the Chinese state firm has yet to abandon a contract in Iraq's northern Kurdistan region inherited from its purchase of Addax Petroleum Corp. (AXC.T), Iraq's Deputy Oil Minister Abdul Kareem al-Leaby told Dow Jones Newswires Wednesday.

West Seeks Guarantees Over Iran's Nuclear Ambitions: Envoy

Τρι, 29 Σεπτεμβρίου 2009 - 17:34

World powers will seek iron-clad guarantees from Iran this week that its nuclear program is a peaceful one, European Union foreign policy chief Javier Solana said Tuesday.

Russia To Cautiously Liberalize Domestic Gas Market

Τρι, 29 Σεπτεμβρίου 2009 - 17:33

Russia will gradually liberalize its gas market to allow independent producers greater access to its gas pipeline system, but state-controlled gas monopoly OAO Gazprom (GAZP.RS) will maintain its export monopoly for the time being, Prime Minister Vladimir Putin said Tuesday.

Russia To Borrow $17B-18B Abroad, Sees Long Exit From Crisis

Τρι, 29 Σεπτεμβρίου 2009 - 17:32

Russia should be prepared for a "long exit from the crisis" and expects to borrow some $36 billion domestically and abroad, Finance Minister Alexei Kudrin said Tuesday.