English Edition

Karamanlis Breaks the Ice With Obama

Karamanlis Breaks the Ice With Obama

US President Barack Obama and Prime Minister Costas Karamanlis exchange a few words on the sidelines of the NATO summit in Strasbourg, France, on Saturday as US Secretary of State Hillary Clinton looks on. During the meeting, Karamanlis invited Obama to Greece and the American president reciprocated. Obama flew to Turkey yesterday.

Iraq To Fine-tune Model Contract For 1st Oil Bidding Round

Iraq To Fine-tune Model Contract For 1st Oil Bidding Round

The Iraqi oil ministry will make slight changes to model contracts for the eight oil and gas fields included in its landmark first bidding round in an effort to accelerate the process of awarding contracts to international oil firms by the end of June, a senior Iraqi oil official said Monday.

Eni, Nippon, Repsol Submit Final Bids For Iraq Oil Contract

Eni, Nippon, Repsol Submit Final Bids For Iraq Oil Contract

Italy's Eni SpA (E), Japan's Nippon Oil Corp. (5001.TO) and Spain's Repsol YPF SA (REP) presented their offers for Iraq's Nassiriyah oil field in southern Iraq, one of the world's vast oil field, a senior Iraqi oil official said Monday.

Eni Makes New Hydrocarbon Offshore Discovery In Indonesia

Eni Makes New Hydrocarbon Offshore Discovery In Indonesia

Eni SpA (E), Italy's biggest energy company by market value, said Monday it had made a new hydrocarbon discovery in offshore Indonesia, and will now proceeds with the appraisal of the discovery.

Gazprom Likely To Cut Spending; Putin Offers Aid

Gazprom Likely To Cut Spending; Putin Offers Aid

Russia's OAO Gazprom said it is increasingly likely it will cut its multibillion-dollar investment program this year amid collapsing demand for natural gas. Meanwhile, Russian Prime Minister Vladimir Putin offered Gazprom state aid to get the company through the global recession.

Turkey Wants Extra Russian Gas From 2015

Turkey Wants Extra Russian Gas From 2015

Turkey has asked for additional natural gas supplies from Russia from 2015, Russian news agency RIA Novosti reports, citing comments made Friday by Alexei Miller, Chief Executive of OAO Gazprom (GAZP.RS).

F2i May Submit Offer For Enel Gas Network By April 24

F2i May Submit Offer For Enel Gas Network By April 24

A pool of private investors led by Italian infrastructure fund F2i is in exclusive talks with Enel SpA (ENEL.MI) to acquire its gas network, financial daily Il Sole 24 Ore reported Saturday without citing sources.

Moldova Gas Pipeline To Be Fixed By Monday

Moldova Gas Pipeline To Be Fixed By Monday

A Moldovan pipeline damaged by a huge blast that sharply cut natural gas deliveries to the Balkans earlier this week will be fixed by Monday, the company that oversees the pipeline told AFP Friday.

Repsol,StatoilHydro Study Bid For Iraqs West Qurna

Repsol,StatoilHydro Study Bid For Iraq's West Qurna

Repsol YPF (REP), StatoilHydro ASA (STO), and Maersk Oil and Gas A/S are teaming up for a possible bid on Iraq's West Qurna services contract, people familiar with the matter said this week.

Italy March Power Demand Down 7% On Year To 26.6 TWh

Italy March Power Demand Down 7% On Year To 26.6 TWh

Terna SpA (TRN.MI), Italy's biggest power grid by capacity, said Friday the country's electricity demand for March fell 7% on the year to 26.6 terawatt-hours, as consumption slowed throughout the nation.

Gazprom CEO: May Cut 2009 Investment Plan

Gazprom CEO: May Cut 2009 Investment Plan

Russia's state-controlled gas giant OAO Gazprom (GAZP.RS) may reduce its investment plan for 2009 due to lower demand, the Interfax news agency reported Friday, citing the company's Chief Executive Alexei Miller.

Totals Tax Haven Accounts Known To French Authorities

Total's Tax Haven Accounts Known To French Authorities

The French tax authorities are fully aware of all the accounts that oil major Total SA (TOT) holds in tax havens Chief Executive Christophe de Margerie said in an interview posted Friday on the Web site of France Info radio.

Hungary Mkt Watchdog To Probe Surguts MOL Buy

Hungary Mkt Watchdog To Probe Surgut's MOL Buy

Hungary's capital market watchdog PSZAF has launched a probe into Russian firm OAO Surgutneftegaz (SNGS.RS) purchase of a stake in Hungarian oil and gas company MOL Nyrt. (MOL.BU), PSZAF Spokesman Istvan Binder told Dow Jones Newswires Friday.

Turkeys Enerjisa To Build 30 MW Wind Power Plant

Turkey's Enerjisa To Build 30 MW Wind Power Plant

Enerjisa, a partnership of Austrian utility Verbund AG (VER.VI) and Turkey's Haci Omer Sabanci Holding AS (SAHOL.IS), said Friday that it has agreed with Siemens AG to build a 30-megawatt wind power plant in the nortwest Turkish city of Canakkale, the Ihlas News Agency, or IHA, reported.