English Edition

Egypt Targets EGP200B Oil,Gas Exports

Τετ, 30 Σεπτεμβρίου 2009 - 17:59

Egypt wants to more than double its oil and gas exports to 200 billion Egyptian pounds ($36.1 billion) annually over the next four years from about EGP95 billion now, the country's trade minister said Wednesday.

Turkey Opposes Economic Sanctions Against Iran

Τετ, 30 Σεπτεμβρίου 2009 - 17:56

Turkey said Wednesday it is opposed to economic sanctions against Iran for its nuclear activities, wary over their impact on regional trade.

Rosneft CEO Says State May Sell More Shares

Τετ, 30 Σεπτεμβρίου 2009 - 17:53

Sergei Bogdanchikov, the chief executive of Russia's largest oil producer OAO Rosneft (ROSN.RS), Wednesday said the possibility of the state selling more shares in the company exists, but that the decision would be up to the state.

Eni Wins New Onshore Gas Concession In Pakistan

Τετ, 30 Σεπτεμβρίου 2009 - 17:52

Eni SpA (E) has won a new concession to explore for gas onshore Pakistan, Chief Executive Paolo Scaroni said Wednesday after a meeting in Rome with a Pakistani delegation.

EDF To Join In Building Russian Gas Pipeline

Τετ, 30 Σεπτεμβρίου 2009 - 17:51

French power company Electricite de France SA will join the South Stream gas pipeline project, designed to bring Russian gas across the Black Sea to Europe without passing through Ukraine, by the end of November, according to a person familiar with the matter.

Iraq Bans Sinopec From 2nd Bidding Round

Τετ, 30 Σεπτεμβρίου 2009 - 17:42

Iraq has decided to ban China Petroleum & Chemical Corp. (SNP), or Sinopec, from its second oil and gas bidding round because the Chinese state firm has yet to abandon a contract in Iraq's northern Kurdistan region inherited from its purchase of Addax Petroleum Corp. (AXC.T), Iraq's Deputy Oil Minister Abdul Kareem al-Leaby told Dow Jones Newswires Wednesday.

West Seeks Guarantees Over Iran's Nuclear Ambitions: Envoy

Τρι, 29 Σεπτεμβρίου 2009 - 17:34

World powers will seek iron-clad guarantees from Iran this week that its nuclear program is a peaceful one, European Union foreign policy chief Javier Solana said Tuesday.

Russia To Cautiously Liberalize Domestic Gas Market

Τρι, 29 Σεπτεμβρίου 2009 - 17:33

Russia will gradually liberalize its gas market to allow independent producers greater access to its gas pipeline system, but state-controlled gas monopoly OAO Gazprom (GAZP.RS) will maintain its export monopoly for the time being, Prime Minister Vladimir Putin said Tuesday.

Russia To Borrow $17B-18B Abroad, Sees Long Exit From Crisis

Τρι, 29 Σεπτεμβρίου 2009 - 17:32

Russia should be prepared for a "long exit from the crisis" and expects to borrow some $36 billion domestically and abroad, Finance Minister Alexei Kudrin said Tuesday.

IAEA El-Baradei: Global Nuclear Energy Use May Rise Sharply

Τρι, 29 Σεπτεμβρίου 2009 - 17:31

Global nuclear energy use is poised to rise sharply as high fossil fuel prices and concerns over climate change drive the demand for cleaner fuels, the Director-General of the International Atomic Energy Agency said Tuesday.

Coal Prices May Rise To $90/Ton In 4Q 2009 -UBS

Τρι, 29 Σεπτεμβρίου 2009 - 17:30

Coal prices may rise to $90/ton in 4Q 2009 on growing demand from China, India, according to UBS analysts in investor note. "We expect China 'arbitrage buying' to return as seaborne thermal coal prices drift lower. China can stabilize and lift seaborne prices in these conditions."

Metka Deal

Τρι, 29 Σεπτεμβρίου 2009 - 14:24

A venture headed by Metka SA, Greece’s biggest power plant builder, won a contract to build a combined-cycle power unit for Public Power Corp SA, Greece’s biggest electricity company, in Megalopoli, in the Peloponnese, according to an e-mailed statement yesterday from Athens-based PPC.

Decline in Electricity Demand Slows

Τρι, 29 Σεπτεμβρίου 2009 - 14:22

Electricity demand in eight countries, including France and the UK, declined at a slower rate for a second month in August, suggesting the recession is easing, according to analysts at Societe Generale SA.