English Edition

EU-Backed Gas Pipeline Gets A Boost

Τρι, 7 Ιουλίου 2009 - 19:57

A major EU-backed natural-gas pipeline project designed to reduce the bloc's dependence on Russian energy imports will get a big boost next week when leaders of the participating countries meet in Turkey to sign a long-delayed treaty laying the groundwork for the plan.

Turkey Says Dam Will Go Ahead Despite Losing Financing

Τρι, 7 Ιουλίου 2009 - 19:56

Turkey said Tuesday it would press ahead with a controversial dam project in its southeast corner even though European lenders said they were withdrawing support for the scheme.

Iraq June Oil Exports Up 1.3% On Mo At 1.925M B/D

Τρι, 7 Ιουλίου 2009 - 19:54

Iraq's crude oil exports rose to 1.925 million barrels a day in June, up 1.3% on May, the head of the State Oil Marketing Organization, Falah Alamri, told Dow Jones Newswires Tuesday

China Oil Cos Eyeing Iraq's 2nd Round Oil,Gas Auction

Τρι, 7 Ιουλίου 2009 - 19:52

China's state-owned oil companies are eyeing a second round of auctions of major untapped oil and gas fields in Iraq later this year, but commercial terms are still key, said top executives with the companies.

Metka Signs 640-mln-euro Syrian Deal

Τρι, 7 Ιουλίου 2009 - 12:45

Engineering firm Metka has been awarded a 640-million-euro project to build a natural gas-fired power plant in Syria in a joint venture with Italy’s Ansaldo Energia, a deal taking the Greek company’s order backlog to almost 1.5 billion euros. “After many months of negotiations, the contract for the construction of a thermal plant was signed on Thursday,” Metka, which has a 75 percent stake in the joint venture, said in a statement

Obama Hails Progress Toward More Constructive Ties With Russia

Δευ, 6 Ιουλίου 2009 - 19:17

U.S. President Barack Obama said his meeting with Russian President Dmitry Medvedev in the Kremlin on Monday made progress toward improving the U.S.'s relations with Russia.

Russia's Jan-May Gas Output Down 19.2% On Yr To 238 BCM

Δευ, 6 Ιουλίου 2009 - 19:16

Russia's natural gas output in the first five months of 2009 fell 19.2% year-on-year to 238 billion cubic meters, the RIA Novosti news agency reports Monday citing national statistics service Rosstat.

Russia's Budget To Assume Higher Oil Price

Δευ, 6 Ιουλίου 2009 - 19:14

Russia's government has once again revised its crude oil price forecast, on which the federal budget is based, news agency Interfax reported Monday.

Austrian Econ Min: Govts To Sign Nabucco Pact July 13

Δευ, 6 Ιουλίου 2009 - 19:13

Negotiations on a key intergovernmental agreement on the European Union's Nabucco pipeline have been completed and an agreement will be signed July 13 in Ankara, the Austrian government confirmed Monday.

Gazprom Warns Of New Gas Crisis

Δευ, 6 Ιουλίου 2009 - 19:12

Gazprom Neft (GZPFY) Deputy Chief Executive Alexander Medwedew warns of a new gas crisis, magazine Focus reports Sunday ahead of its Monday edition.

Shell, Iraq Gas Deal Progressing, Cabinet To OK Study

Δευ, 6 Ιουλίου 2009 - 19:10

The multibillion dollar deal between Royal Dutch Shell PLC (RDSB) and the Iraqi government to jointly develop domestic gas infrastructure in Iraq's south is progressing and the oil ministry is submitting a feasibility study to the cabinet before concluding a final deal, Iraq's deputy oil minister said Monday.