English Edition

Gazprom Serbia Unit, US Co In EUR400M Deal To Modernize Refinery

Παρ, 18 Σεπτεμβρίου 2009 - 16:38

Serbian oil monopoly NIS, controlled by Russia's Gazprom OAO (GAZP.RS), and a U.S. company signed a EUR400 million deal Thursday to modernize an oil refinery to make cleaner fuels, the Beta news agency reported.

Turkmenistan-China Pipeline To Open In December

Πεμ, 17 Σεπτεμβρίου 2009 - 18:14

A 7,000 kilometer (4,350 mile) natural gas pipeline from Turkmenistan to China will start operations in December, Turkmenistan's head of state announced Wednesay.

UAE's Uruk Engineering Wins $84.5 Mln Iraq Power Contract

Πεμ, 17 Σεπτεμβρίου 2009 - 18:13

United Arab Emirates-based Uruk Engineering and Contracting Co. LLC has won a $84.5 million contract to set up four power generation units in Baghdad, an Iraqi electricity ministry spokesman said Thursday.

Iran Says Venue For Talks With World Powers Not Fixed

Πεμ, 17 Σεπτεμβρίου 2009 - 18:11

The venue for talks between Iran and the six world powers over Tehran's latest package of proposals is not yet fixed, state media reported Thursday, citing Foreign Minister Manouchehr Mottaki.

Turkey Raises Electricty Prices

Πεμ, 17 Σεπτεμβρίου 2009 - 18:09

Turkey's energy markets regulator, EPDK, said Thursday that it has raised household electricity prices by 9.68% and industry electricity prices by 9.85%, the Ihlas News Agency, or IHA, reported.

Bulgaria Weighs Partial Sale Of Stake In Belene Nuclear Plant

Πεμ, 17 Σεπτεμβρίου 2009 - 18:06

Bulgaria is considering the sale of part of its 51% share in a new nuclear power plant at Belene on the Danube, Economy and Energy Minister Traicho Traikov said Thursday.

Lukoil CEO: Expects 2010 Oil Output At 2009 Level

Πεμ, 17 Σεπτεμβρίου 2009 - 18:05

OAO Lukoil Holdings (LKOH.RS), Russia's biggest independent oil producer, plans to keep 2010 oil production at this year's level, the Interfax news agency reported Thursday, citing Chief Executive Vagit Alekperov.

Romania plans to list two major energy firms

Πεμ, 17 Σεπτεμβρίου 2009 - 15:26

Romania plans to list stakes worth 15-20 percent each in the two major energy companies it wants to create as part of an energy sector overhaul, Deputy Economy Minister Tudor Serban said yesterday. The reform envisages integrating largely inefficient assets into two holdings which should become fully operational by the second half of 2010.

PFI sells for 85.9 mln euros

Πεμ, 17 Σεπτεμβρίου 2009 - 15:23

National Bank and Emporiki Bank said yesterday they have sold their stakes in Phosphoric Fertilizers Industry (PFI) to ELFE, according to separate Athens bourse filings yesterday. ELFE acquired all the shares in PFI, a producer of fertilizers and other chemical products, for a total of 85.9 million euros, National Bank’s statement said.

Russia Willing to Buy Belene Nuclear Plant from Bulgaria

Πεμ, 17 Σεπτεμβρίου 2009 - 12:41

Russia is interested in buying all or part of the share of the Bulgarian government at the planned nuclear power plant in Bulgaria's Belene. This has been announced by Russia's Energy Minister, Sergei Shmatko, as quoted by the RBK Daily, Wednesday, just a day before he is to arrive to Sofia for talks with his Bulgarian counterpart, Traicho Traikov, over the Bulgaria-Russia energy projects

Israel To Strike Iran If No Sanctions

Τετ, 16 Σεπτεμβρίου 2009 - 19:07

Israel will attack Iran if the U.S. fails to impose effective new sanctions over its nuclear program, a former Israeli deputy defense minister said Tuesday.

EDF CEO: Confirms Interest In South Stream Pipeline

Τετ, 16 Σεπτεμβρίου 2009 - 19:06

French utility Electricite de France's (EDF.FR) chairman and chief executive, Pierre Gadonneix, said Wednesday the company is in talks about joining the South Stream gas pipeline project, led by Russian state-controlled gas giant OAO Gazprom(GAZP.RS).