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EU: GDF Suez Offers Remedies To Up Mkt Competition

Τετ, 8 Ιουλίου 2009 - 12:40

BRUSSELS (Dow Jones)--The European Commission is seeking comments from interested parties on remedies energy giant GDF Suez SA (GSZ.FR) has offered to increase competition in the French gas market, in which it has been accused of abusing its dominant position, it said Wednesday.

OPEC Secy Genl Says He is Confortable with Current Price

Τετ, 8 Ιουλίου 2009 - 12:39

VIENNA (Dow Jones)--OPEC Secretary General Abdulla Salem el-Badri said Wednesday that the organization is comfortable with oil prices but that they aren't encouraging investment

EU Fines GDF Suez,E.ON EUR1.1B For Gas Mkt Cartel

Τετ, 8 Ιουλίου 2009 - 12:38

BRUSSELS (Dow Jones)--French and German energy giants GDF Suez SA (GSZ.FR) and E.ON AG (EOAN.XE) face a EUR553 million fine each for agreeing not to compete on each other's national gas markets, the European Commission said Wednesday.

Pirates Seize Turkish Cargo Ship Off Somalia -TV

Τετ, 8 Ιουλίου 2009 - 12:21

ANKARA (AFP)--Pirates Wednesday seized a Turkish cargo ship and its all-Turkish crew of 23 off the coast of Somalia, the Anatolia news agency reported, quoting the ship's owner.

Flight of BP and Shell Illustrates Problems of Local Framework

Τετ, 8 Ιουλίου 2009 - 11:02

Multinationals are forced out of the country as others are turned away. British Petroleum is leaving Greece after 58 years of commercial activity in the country, because the present environment allows it no room to expand, according to its officials. The departure from Greece of two major multinational companies, British Petroleum (BP) – which has already occurred – and soon Shell as well as the very low amount of foreign direct investments should all be a reminder to most that the country remains less than hospitable to multinational firms and foreign companies in general

Medvedev:Russia Wants To Diversify Of US Investment

Τρι, 7 Ιουλίου 2009 - 20:00

Russia is interested in diversification of U.S. investments, Russian President Dmitry Medvedev said Tuesday at a Russian-U.S. business forum, Prime-Tass news agency reports, citing ITAR-TASS.

Gazprom Confirms Naftogaz Full June Gas Payment

Τρι, 7 Ιουλίου 2009 - 19:58

Russia's gas monopoly OAO Gazprom (GAZP.RS) said Tuesday Ukraine's state natural gas company Naftogaz has submitted full payment for June deliveries.

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.