English Edition

Turkey Isn't Mulling Elec Price Rises In July

Δευ, 22 Ιουνίου 2009 - 19:32

Turkey isn't considering an increase in electricity prices in July, Turkish Energy Minister Taner Yildiz said Monday, the Ihlas News Agency, or IHA, reported.

Rosneft Plans To Significantly Up Oil Output In '10-11

Δευ, 22 Ιουνίου 2009 - 19:30

Russian oil major Rosneft (ROSN.RS) plans to significantly increase its oil output and geological exploration in 2010-11, the company's President Sergei Bogdanchikov told reporters Friday, Prime-Tass news agency reports.

Iraq Starts Production From Nassiriyah Oil Field

Δευ, 22 Ιουνίου 2009 - 19:29

Iraq has started crude oil production from a giant oil field in southern Iraq for the first time, in a bid to increase the country's crude output, an official with the South Oil Co. said Monday.

Elinoil Expands Abroad

Παρ, 19 Ιουνίου 2009 - 21:30

Elinoil, a provider of liquid fuels and lubricants, has started to supply ports in the United Arab Emirates and the Persian Gulf with its products as part of expansion plans abroad, it said yesterday. Elinoil, whose shares are listed on the Athens bourse, said that, as of June, the company supplies vessels passing through ports such as Fujairah and Muscat, with its shipping lubricant, elin marine

Refinery launches voluntary retirement scheme

Παρ, 19 Ιουνίου 2009 - 21:25

An employee at one of Greece’s two oil refineries is pictured in a file photo. Greece’s biggest refiner, Hellenic Petroleum, said yesterday it has launched a voluntary retirement scheme for administrative staff in order to save costs, as it plans to add workers to its core refining business

Israelis Eye Gas Stations

Παρ, 19 Ιουνίου 2009 - 21:18

Israeli conglomerate Delek Group is examining the possibility of participating in a tender to buy gas stations in Greece. Delek said in a statement to the Tel Aviv Stock Exchange on Sunday that there was no certainty that it would bid

Cyprus Protests Against Turkish War Games In North

Παρ, 19 Ιουνίου 2009 - 21:14

The Cyprus government said Wednesday it has protested to the U.N. and European Union over Turkish search and rescue exercises in the breakaway north of the divided island.

Turkey Wants Right to Re-export Russian Gas

Παρ, 19 Ιουνίου 2009 - 21:10

Energy Minister Taner Yildiz said yesterday Turkey was seeking a re-export clause in its contract to import Russian natural gas. The Turkish government wants the right to re-export the fuel in its current contract to import an annual 6 billion cubic meters of Russian gas from a western trans-Balkan pipeline, Yildiz told reporters

Naftogaz: International Lenders May Consider $4.2B Gas Loan

Πεμ, 18 Ιουνίου 2009 - 17:55

Ukraine's state-owned natural gas company, Naftogaz, said Thursday that international financial institutions may provide a $4.2-billion loan to Ukraine to enable it to fill its underground storages with Russian gas.

Gazprom Neft Appoints Tsibelman As Sibir Energy CEO

Πεμ, 18 Ιουνίου 2009 - 17:52

Russia's OAO Gazprom Neft (SIBN.RS) Thursday appointed Igor Tsibelman as new chief executive of Sibir Energy PLC (SBE.LN) in a sign the state-controlled oil major is tightening its grip on the London-listed company.

Lukoil Head In Iraq To Discuss Reviving Oil Deal

Πεμ, 18 Ιουνίου 2009 - 17:50

The head of OAO Lukoil Holdings (LKOH.RS), Russia's second-largest oil firm, met Iraqi Prime Minister Nouri al-Maliki Wednesday and discussed reviving a multi-billion-dollar deal to develop one of Iraq's largest oil fields, an Iraqi government statement said.