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Russian Energy Min To Visit Iraq For Oil Deal Talks

Παρ, 31 Ιουλίου 2009 - 18:50

Russian Energy Minister Sergey Shmatko will travel to Iraq in August to discuss oil contracts signed under Saddam Hussein's leadership, the Interfax news agency reported Friday.

Total, Eni Post 2Q Earnings Declines As Output Falls

Παρ, 31 Ιουλίου 2009 - 18:49

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

S Korea Min To Visit Russia Aug To Discuss Gas Imports

Παρ, 31 Ιουλίου 2009 - 18:48

South Korea's energy minister will visit Russia in August to discuss details of planned imports of Russian natural gas, the Maeil Business Newspaper reported Friday, citing the ministry and unidentified industry officials.

Belene NPP Project Should Be Frozen

Παρ, 31 Ιουλίου 2009 - 09:28

The new Chair of the Parliamentary Committee on Economy, Energy, and Tourism, has called for Bulgaria's second nuclear power plant project at Belene to be frozen. Dimitrov, one of the leaders of the rightist Blue Coalition, and leader of the United Democratic Forces (UDF), stated Thursday that the state should not have to support the Belene NPP project and that instead they should find private investors.

Russia Min: May Return To Question Of Gas Tax Hikes

Πεμ, 30 Ιουλίου 2009 - 18:28

Russia's government may return to the issue of raising taxes and export duties on natural gas next year, if proposals by state gas firm OAO Gazprom (GAZP.RS) don't generate the expected revenue, the Interfax news agency reported Thursday citing Russian Finance Minister Alexei Kudrin.

Russia, Ukraine In Tit-for-tat Diplomatic Expulsions

Πεμ, 30 Ιουλίου 2009 - 18:24

The Russian government has asked Ukraine to remove two senior diplomats, in a tit-for-tat measure, RIA Novosti reports Thursday.

Turkish Court Cancels Fine Against Petrol Ofisi

Πεμ, 30 Ιουλίου 2009 - 18:20

Turkey's fuel distributor Petrol Ofisi (PTOFS.IS), or POAS, said Thursday the country's top administrative court, the Council of State, has canceled a 599.4 million Turkish lira ($402.6 million) fine against the company, the Ihlas News Agency, or IHA, reported.

Iraq Gets $48M Held For 19 Years By Intesa Sanpaolo

Πεμ, 30 Ιουλίου 2009 - 18:16

Iraq has collected around $48 million blocked for 19 years in an account at the London branch of an Italian bank because of a lawsuit, the Oil Ministry said Thursday.

E.ON Receives 6 Non-Binding Offers For Italy Gas Grid

Πεμ, 30 Ιουλίου 2009 - 18:13

E.ON AG (EOAN.XE) has received six non-binding offers for its Italian natural gas transmission network, which is valued at EUR500 million to EUR600 million, reports Italian daily la Repubblica Thursday, without citing its sources.

EDF CEO: Intl Oper Capex Is Self-Financed Through Cash Flows

Πεμ, 30 Ιουλίου 2009 - 18:11

State-controlled utility Electricite de France SA's (EDF.FR) international investments finance themselves through the cash-flows they generate, Chief Executive Pierre Gadonneix said Thursday.

Iraq's Cabinet Approves Law Establishing National Oil Co

Τετ, 29 Ιουλίου 2009 - 17:38

The Iraqi cabinet Tuesday approved a law providing for the establishment of a national oil company for the first time in decades, a government spokesman said.

Ukraine Has Flexibility On IMF Loan; Could Be Used For

Τετ, 29 Ιουλίου 2009 - 17:33

A key International Monetary Fund staffer Wednesday suggested that Ukraine has the flexibility to use the third $3.3 billion tranche of its IMF loan to pay Russia for natural gas supplies.

Weatherford, TNK-BP Complete Oil Field Service Transaction

Τετ, 29 Ιουλίου 2009 - 17:21

Weatherford International Ltd. (WFT) has finalized a deal to acquire the oilfield unit of BP PLC's (BP) Russian joint venture, TNK-BP Ltd. said Wednesday.

Cuba, Russia Sign Deal On Zarubezhneft's Gulf Oil Ops

Τετ, 29 Ιουλίου 2009 - 17:20

Russia and Cuba signed a preliminary agreement on Russian oil company Zarubezhneft's operations in Cuba's exclusive economic zone in the Gulf of Mexico, RIA-Novosti news agency reports Wednesday.

GDF Suez Mulls Russian Pwr Projs As Boosts Gazprom Ties

Τετ, 29 Ιουλίου 2009 - 17:18

French utility GDF Suez SA (GSZ.FR) is considering developing power projects in Russia as it strengthens ties with OAO Gazprom (GAZP.RS), a company spokesman said Tuesday.

Iran, Malaysia's Petronas In Caspian Development Talks

Τετ, 29 Ιουλίου 2009 - 17:16

A senior Iranian oil official said Iran will start exploration activities in block 6 of the Caspian Sea in one month and is in talks with Malaysia's Petroliam Nasional Berhad, or Petronas, to contract seismic operations in the Caspian, the oil ministry's official Shana news Web site reports Monday.