English Edition

Enel, EDF To Build Nuclear Plants In Italy

Enel, EDF To Build Nuclear Plants In Italy

Enel SpA and Electricite de France SA on Monday finalized a deal valued at as much as 16 billion euros ($22.8 billion) to form a joint venture that will develop nuclear power stations in Italy.

French Govt Wants 2.3% Avg Pwr Tariff Hike For EDF On Aug 15

French Govt Wants 2.3% Avg Pwr Tariff Hike For EDF On Aug 15

The French government plans to increase regulated electricity tariffs by 2.3% on average this month and has asked the energy regulator for its opinion, the finance and energy ministries said Tuesday in a joint statement.

Russia Jul Non-CIS Oil Exports, Transit Dn 4.2 % On Yr

Russia Jul Non-CIS Oil Exports, Transit Dn 4.2 % On Yr

Russia's oil exports, including the transit of oil through Russia, to countries outside the Commonwealth of Independent States decreased 4.2% on the year to 18.532 million metric tons in July, TsDU-TEK, which provides data and analysis to the Energy Ministry, said in a report obtained by Prime-Tass news agency Monday.

Turkeys Tupras To Invest $400 Mln Over Two Years

Turkey's Tupras To Invest $400 Mln Over Two Years

Turkish oil refiner Turkiye Petrol Rafinerileri AS (TUPRS.IS), or Tupras, plans to invest $400 million in the next two years, General Manager Yavuz Erkut is quoted as saying Tuesday, the Ihlas News Agency, or IHA, reports.

Turkey Eyes Energy Role For Putin Visit

Turkey Eyes Energy Role For Putin Visit

Russian Prime Minister Vladimir Putin is to visit Ankara Thursday for talks expected to focus on energy cooperation amid a growing Turkish role in projects to carry gas and oil to Europe.

Iberdrola Mulls Role In Russian Nuclear Plant Construction

Iberdrola Mulls Role In Russian Nuclear Plant Construction

Spanish electricity company Iberdrola SA (IBE.MC) is studying participation in the construction of a nuclear power plant in the Russian exclave of Kalingrad, a company press official said Tuesday.

Nuclear Plant Cancellation

Nuclear Plant Cancellation

Bulgaria may cancel construction of a 4-billion-euro ($5.5 billion) nuclear power station and sell shares in its state-run energy utilities to plug a widening deficit, according to Deputy Prime Minister Simeon Djankov. Djankov, 39, a former chief economist at the World Bank, is also finance minister in the government of Prime Minister Boyko Borisov, who took office July 27

Bulgaria Will Review Energy Projects

Bulgaria Will Review Energy Projects

Bulgaria's new Economy, Energy and Tourism Minister said Monday that he will review the justification for big energy projects because of the economic crisis.

Russias Jan-Jul Natural Gas Output Down 20.2% On Yr

Russia's Jan-Jul Natural Gas Output Down 20.2% On Yr

Russia's natural gas production fell 20.2% in the first seven months of the year to 315.933 billion cubic meters, including 41.418 billion cubic meters in July, the news agency Interfax reported Monday, citing Ministry of Industry and Energy statistics.

Iran OPEC Head: Oil Will Hit $80/Bbl By End Of Year

Iran OPEC Head: Oil Will Hit $80/Bbl By End Of Year

Iran's OPEC governor Mohammad Ali Khatibi has predicted that oil prices will touch $80 a barrel by the end of this year, amid signs of a recovery in the world economy, Press TV reported Monday on its Web site.

Total, Eni Expect To Raise Energy Output

Total, Eni Expect To Raise Energy Output

European oil companies Total SA and Eni SpA on Friday posted declines in second-quarter profit as output fell, but said they expect to boost their production during the second half of the year.

German Min: RWE Emsland Nuclear Plant Ready For Restart

German Min: RWE Emsland Nuclear Plant Ready For Restart

RWE AG's (RWE.XE) Emsland nuclear power plant is ready for restart after a glitch triggered an automatic shut down of the 1.3 gigawatt reactor July 24, the Environment Ministry of the German state of Lower Saxony, where the facility is located, said Friday.