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Italian Prosecutors Probe Eni On Bribery In Nigeria

Italian Prosecutors Probe Eni On Bribery In Nigeria

Τρι, 8 Σεπτεμβρίου 2009 - 17:20

Italian prosecutors have launched an investigation into the country's energy company, Eni SpA (E), over alleged bribery in Nigeria and have requested the suspension of contracts between Eni and Nigerian National Petroleum Corporation, reports La Repubblica in its Tuesday Internet edition.

GDF Suez Signs MOU With Eletrobras, Eletronuclear

GDF Suez Signs MOU With Eletrobras, Eletronuclear

Δευ, 7 Σεπτεμβρίου 2009 - 18:45

French utility GDF Suez (GSZ.FR) has signed a cooperation agreement with Brazilian power companies Eletrobras (LIPR3.BR) and Eletronuclear to exchange information and develop Brazil's nuclear power sector, the French company said in a statement Monday.

Ukraine To Stop Pumping Russian Gas Into Storage Tanks

Ukraine To Stop Pumping Russian Gas Into Storage Tanks

Δευ, 7 Σεπτεμβρίου 2009 - 18:42

Ukraine is ready to stop pumping Russian natural gas into its underground storage facilities because a sufficient amount of gas has already been pumped, Prime Minister Yulia Tymoshenko said Monday, Russia news agency RIA Novosti reports.

Total, Lukoil In Talks To Develop Foreign Projects

Total, Lukoil In Talks To Develop Foreign Projects

Δευ, 7 Σεπτεμβρίου 2009 - 18:41

French oil major Total SA (TOT) and Russia's biggest private oil producer Lukoil Holdings (LKOH.RS) are considering joint exploration projects in Kazakhstan, Colombia and western Africa, Lukoil said Monday.

Chavez Urges Turkmenistan To Join Natural Gas Cartel

Chavez Urges Turkmenistan To Join Natural Gas Cartel

Δευ, 7 Σεπτεμβρίου 2009 - 18:38

Venezuela's President Hugo Chavez on Monday urged energy-rich Turkmenistan to join a fledgling gas forum of natural gas exporters that has drawn comparisons with the Organization of Petroleum Exporting Countries.

Kuwait Oil Min Says OPEC Members See No Need To Cut Output

Kuwait Oil Min Says OPEC Members See No Need To Cut Output

Δευ, 7 Σεπτεμβρίου 2009 - 18:37

Kuwait's Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said Monday he saw no need to cut oil output and he believed Organization of Petroleum Exporting Countries members were in agreement to maintain production.

Russia Seeking Strengthened Trade Ties With Iraq

Russia Seeking Strengthened Trade Ties With Iraq

Δευ, 7 Σεπτεμβρίου 2009 - 18:35

Russia is seeking to strengthen and diversify trade and economic relations with Iraq, RIA Novosti reports Monday citing Energy Minister Sergei Shmatko.

Interests converge on energy

Interests converge on energy

Δευ, 7 Σεπτεμβρίου 2009 - 15:37

The course of the major deals in the local energy sector does not seem to have been affected by the general elections called for next month. On the key issues related to long-term energy planning, the policies of the two major parties, ruling New Democracy and main opposition PASOK, largely converge.

Total CEO Says Concerned About Gabon Situation

Total CEO Says Concerned About Gabon Situation

Παρ, 4 Σεπτεμβρίου 2009 - 19:14

The chief executive of French oil major Total SA (TOT) Friday expressed his concern over tensions in Gabon, where the company has major oil producing assets, following an election in the African country.

KazMunaiGas EP 2Q Net Pft Down 75% On Lower Oil Price

KazMunaiGas EP 2Q Net Pft Down 75% On Lower Oil Price

Παρ, 4 Σεπτεμβρίου 2009 - 19:12

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production, or KMG EP, (RDGZ.KZ) said Friday its net profit declined 75% on the year to 20.75 billion tenge ($137.6 million) in the second quarter of 2009 due to lower oil prices.

BRIC: Too Early To Call Victory Despite Good Signs

BRIC: Too Early To Call Victory Despite Good Signs

Παρ, 4 Σεπτεμβρίου 2009 - 19:09

"Despite positive signs, it is too early to call victory (in the world economy)," the finance ministers of Brazil, Russia, India and China said in a statement to be released after a meeting Friday, according to a draft seen by Dow Jones Newswires.

EU Says Ready For Talks Or Confrontation With Iran

EU Says Ready For Talks Or Confrontation With Iran

Παρ, 4 Σεπτεμβρίου 2009 - 19:08

Sweden's E.U. presidency said it was ready for talks or confrontation with Iran over its nuclear program and qualified the appointment of a terrorist suspect as defense minister as a "provocation."

Siemens Invests $ 15 Million in Israeli Solar Company Arava Power

Siemens Invests $ 15 Million in Israeli Solar Company Arava Power

Παρ, 4 Σεπτεμβρίου 2009 - 15:30

Siemens is investing $ 15 million in Arava Power Company, the Israeli market leader in developing solar power plants. An agreement was signed at Kibbutz Ketura yesterday, securing Siemens a 40 percent stake in the company. Arava Power develops, builds and operates photovoltaic plants in Israel. “This investment is another consequential step in further strengthening our green and sustainable technologies,” said Peter Löscher, President and CEO of Siemens AG