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Energy-saving program for older homes

Energy-saving program for older homes

About 20,000 to 30,000 older buildings could be set for an energy upgrade via the new measures announced yesterday by Development Minister Costis Hatzidakis (left). The ‘Saving at Home’ program concerns buildings whose permits were issued before July 1979 and will fund total work of 1 billion euros using some 400 million euros in state subsidies, and benefiting some 100,000 households, or 400,000 people, in Greece.

Montenegro gives PPC a deadline

Montenegro gives PPC a deadline

Montenegro has given Greece’s Public Power Corporation (PPC) a July 29 deadline to drop all the conditions attached to its 127-million-euro bid for the power monopoly Elektroprivreda Crne Gore (EPCG), or lose the tender despite making the most attractive bid, a senior source said yesterday.

Iran Plans To Build 400 More CNG Stations

Iran Plans To Build 400 More CNG Stations

Iran's oil minister said the country plans to build an additional 400 compressed natural gas, or CNG, stations by next March in an effort to reduce gasoline consumption, the Iran Daily newspaper reports Monday.

Russia Deputy PM In Nicaragua For Trade, Energy Talks

Russia Deputy PM In Nicaragua For Trade, Energy Talks

Russian Deputy Prime Minister Igor Sechin continues his Latin American tour Tuesday with his third visit to Nicaragua in the past 12 months, Russian news agency RIA Novosti reports on its Web site Tuesday.

Iran, Malaysias Petronas In Caspian Development Talks

Iran, Malaysia's Petronas In Caspian Development Talks

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.

Iran Oil Min: Price Of Turkmen Gas Imports Halved

Iran Oil Min: Price Of Turkmen Gas Imports Halved

Iran's oil minister said Sunday the price for Iran's gas imports from Turkmenistan was reduced by half in the Islamic republic's recent gas negotiations with the Central Asian country, the oil ministry's official Shana news web site reports Sunday.

Kazmunaigas E&P 1H Crude Oil Output Down 3.8% On Year

Kazmunaigas E&P 1H Crude Oil Output Down 3.8% On Year

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production, or KMG EP, said Tuesday its first half-year oil production dropped 3.8% on the year to 5.67 million metric tons, or, 230,700 barrels per day.

EIB is prepared to help finance Nabucco pipeline

EIB is prepared to help finance Nabucco pipeline

The European Investment Bank (EIB)is ready to help finance the 7.9 billion euro Nabucco pipeline and to look closely at the concept of creating a single gas purchaser to ensure the project is viable, the EIB says.

Russian Oil Group Visits Venezuelan Oil Fields

Russian Oil Group Visits Venezuelan Oil Fields

Company officials from a Russian oil consortium were to visit Venezuela's eastern oil-producing region Monday, an area where it plans to explore for extra-heavy crude.

Gazprom Neft May Buy 50% Stake In Tomskneft From Rosneft

Gazprom Neft May Buy 50% Stake In Tomskneft From Rosneft

Russian oil major OAO Gazprom Neft (SIBN.RS) may become the sole owner of Tomskneft, if it exercises an option to buy a 50% stake in the oil producer from its larger peer OAO Rosneft (ROSN.RS) in 2011, a Gazprom Neft spokeswoman said Monday.

Turkmenistan Seeks Intl Arbitration In Azerbaijan Energy Dispute

Turkmenistan Seeks Intl Arbitration In Azerbaijan Energy Dispute

Turkmenistan is to pursue Azerbaijan in the international courts over three disputed oil and gas deposits in the Caspian Sea, Turkmen President Gurbanguly Berdymukhamedov said Friday, according to state television.

Iraq To Hold Roadshow Aug 25 On 2nd Round Oil, Gas Deals

Iraq To Hold Roadshow Aug 25 On 2nd Round Oil, Gas Deals

Iraq's Oil Ministry will hold a roadshow in Istanbul next month to brief international companies on a list of oil and gas fields to be offered later this year in a second licensing round for long-term development contracts, a statement posted on the ministry's Web site Sunday said.