English Edition

Russia May Cancel Export Duty On East Siberia In 09

Τρι, 23 Ιουνίου 2009 - 19:01

Russia's government may cancel all export duties on oil produced in East Siberian fields as early as this year, the Interfax news agency reported Tuesday citing the country's Deputy Energy Minister Sergey Kudryashov.

Russian Economy Contracts 11% In May YoY

Τρι, 23 Ιουνίου 2009 - 18:58

The Russian economy contracted by 11% in May, compared with the same month last year, news agencies quoted the country's economic development ministry as saying Tuesday, in the latest blow to hopes of a swift recovery in the country.

EBRD Aims to Participate in Nabucco gas finance

Τρι, 23 Ιουνίου 2009 - 11:49

The European Bank for Reconstruction and Development (EBRD) plans to be a “senior participant” in the financing of the Nabucco gas pipeline, part of the London-based bank’s investments to boost energy security in Europe

Turk Military Drills Raise Tensions With Cyprus Over Oil Exploration

Τρι, 23 Ιουνίου 2009 - 11:43

Turkish and Turkish-Cypriot warships staged search-and-rescue drills off the island of Cyprus yesterday amid tensions over a disputed search for oil and gas. The frigate Gemlik and other vessels took part in the maneuvers off the northern town of Famagusta, which included extinguishing fire on a ship, rescuing illegal migrants from a sinking rubber boat and rescuing the crew of a sea plane in distress

PPC Hirings

Τρι, 23 Ιουνίου 2009 - 11:30

Greece's biggest electricity producer Public Power Corp (PPC) is to hire 4,600 workers after its labour union threatened strikes if no new hirings were made

Refinery Set to Hire 297 Workers, Replace Retirees

Τρι, 23 Ιουνίου 2009 - 11:19

Hellenic Petroleum, Greece’s biggest refiner, said yesterday it plans to hire 297 refinery workers to replace staff that’s retiring. “The Board of Directors has decided to hire 297 employees who will staff new job positions arising due to the upgrade of the refineries and will cover the vacancies arising from retiring staff,” it said in a bourse filing

Gazprom Neft To Decide $500M-$1B Eurobond Issue

Δευ, 22 Ιουνίου 2009 - 19:37

Russian oil major OAO Gazprom Neft (SIBN.RS) will make a decision on a Eurobond issue of between $500 million and $1 billion in the next three months, the Interfax news agency said Monday citing the company's Chief Executive Alexander Dyukov.

Russia's Govt Awards Gazprom Licenses For Sakhalin-3

Δευ, 22 Ιουνίου 2009 - 19:36

Russia's government has granted state-controlled OAO Gazprom (GAZP.RS) licenses for four blocks in the Russian Far East without a tender, the Interfax news agency reported Monday.

Lukoil To Take 45% Stake In Dutch Refinery

Δευ, 22 Ιουνίου 2009 - 19:33

Russia's OAO Lukoil said Friday it will pay $725 million for a stake in a Dutch refinery owned by France's Total SA, blocking a bid for the holding from Valero Energy Corp.

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