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PPC and Restis go after Montenegro power monopoly

Πεμ, 16 Ιουλίου 2009 - 13:16

Public Power Corporation (PPC) said yesterday it would make a joint bid with Greek shipping group Restis for a stake in Montenegro’s power monopoly EPCG, as part of plans to expand abroad. “The decision was taken in line with PPC’s strategy to seek revenue growth through expansion in Southeastern European countries,” the company said in a bourse filing

Greece-Bulgaria pipeline to raise security, lower gas prices

Πεμ, 16 Ιουλίου 2009 - 13:11

Greece and Bulgaria have agreed on the construction of a pipeline that will allow Bulgaria to import natural gas from the Caspian Sea region, the Greek Development Ministry said yesterday. Bulgaria’s state-owned Energy Holding signed an agreement with Greek gas company DEPA and Italy’s Edison on setting up a company to construct and operate the pipeline, and a second company to supply and exploit the gas commercially

Gov’t slaps PPC, producers with 1.7 mln euros in fines

Πεμ, 16 Ιουλίου 2009 - 13:05

The Environment and Public Works Ministry yesterday imposed a total of 1.7 million euros in fines on two power plants and and two lignite mines operated by the Public Power Corporation (PPC) and on 11 manufacturers whose toxic waste is believed to have contributed to polluting the Asopos River in central Greece

Russia's Medvedev To Discuss Opel, Pipeline In Munich

Τετ, 15 Ιουλίου 2009 - 18:37

Russia will throw its support behind a joint Magna-Sberbank bid for a stake in car maker Adam Opel GmbH and press ahead with its Nord Stream gas pipeline when President Dmitry Medvedev visits Germany Thursday, his aide said.

EU To Meet Ukraine, Russia, Intl Institutions On Gas July 17

Τετ, 15 Ιουλίου 2009 - 18:35

The European Commission will meet with Ukraine, Russia and international financial institutions again July 17 to try to avoid a new gas payment crisis between the two countries that could affect Europe's supplies in the winter, it said Wednesday.

Russia Oil Export Duty To Rise $222/Ton From Aug 1

Τετ, 15 Ιουλίου 2009 - 18:34

The export duty on Russian oil will rise to $222 a metric ton from Aug. 1, up from the current $212.6/ton, the county's Finance Ministry said Wednesday, reports the RIA Novosti news service.

OPEC:World Oil Demand Growth To Continue Falling In 09

Τετ, 15 Ιουλίου 2009 - 18:31

The Organization of Petroleum Exporting Countries said Tuesday world oil demand growth is expected to continue falling this year as unemployment escalates in OECD countries and consumer sentiment remains constrained but demand could turn positive in 2010 reaching 84.3 million barrels per day.

Gazprom Raises Daily Output To Over 1.02 BCM

Τετ, 15 Ιουλίου 2009 - 18:30

Russian gas firm OAO Gazprom (GAZP.RS) has increased its daily production to over 1.02 billion cubic meters as of July 10, but output is still down 21% on the year, the Interfax news agency reported Wednesday, citing Ministry of Industry and Energy statistics.

Syria To Get 1B CM of Gas, 400 MW Elec From Turkey

Τετ, 15 Ιουλίου 2009 - 18:29

Turkey has agreed to supply Syria with 1 billion cubic meters of natural gas over five years in addition to 400 megawatts of electricity, Turkey-based newspaper Today's Zaman reports Wednesday.

Iraq To Add $2.8B-$3B To 09 Budget On Higher Oil Output,Prices

Τετ, 15 Ιουλίου 2009 - 18:27

Iraq is planning to add between $2.8 billion and $3 billion to its 2009 budget as a result of increased crude oil production and oil prices, the country's Finance Minister Bayan Jabor said Wednesday.

Enel buys wind park, boosts capacity

Τετ, 15 Ιουλίου 2009 - 17:37

Italy’s largest utility Enel has acquired an 18.9-megawatt wind park at Lithos in the northern Peloponnese, increasing its installed capacity in Greece to over 127 MW, the company said yesterday.

EYATH stake set to go up for sale

Τετ, 15 Ιουλίου 2009 - 17:35

The Greek government will launch a tender to sell a minority stake in the Thessaloniki Water Supply and Sewage Company (EYATH) to a strategic investor as part of an effort to raise 1 billion euros in privatization revenue that will go toward trimming public debt.

EU and Turkey finally sign Nabucco pipeline agreement

Τετ, 15 Ιουλίου 2009 - 17:30

President of the European Commission Jose Manuel Barroso, Hungarian Prime Minister Gordon Bajnai, Austrian Chancellor Werner Feymann, Turkey’s Prime Minister Recep Tayyip Erdogan, Bulgarian Prime Minister Sergey Stanishev and Romanian Prime Minister Emil Boc (identified left to right) attend the signing ceremony for the intergovernmental agreement on the Nabucco natural gas pipeline project.