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KazMunaiGas EP 4Q Net Income Down 58% To KZT22.74 Bln

Πεμ, 12 Μαρτίου 2009 - 17:52

ALMATY, Kazakhstan (Dow Jones)--London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Thursday its 2008 fourth- quarter net income fell 57.6% on year to 22.74 billion tenge ($151.1 million).

Venezuela Seeks OPEC Output Cut Amid Falling Oil Prices

Πεμ, 12 Μαρτίου 2009 - 17:50

CARACAS (AFP)--Venezuela will urge the Organization of Petroleum Exporting Countries to cut production to prop up sagging oil prices when the group meets Sunday in Vienna, the parliament's energy commission chief said Wednesday, echoing a call by Energy Minister Rafael Ramirez.

EDF-EN CEO: New French Rules Could Restrain Wind Pwr - Report

Πεμ, 12 Μαρτίου 2009 - 17:44

PARIS (Dow Jones)-- The chief executive of EDF Energies Nouvelles (EEN.FR), a renewable energy business half owned by Electricite de France SA (EDF.FR), tells Le Revenu magazine that planned regulatory and tax changes could hold back the development of wind power in France

Enel Doesn't Plan To Exit Renewables JV With Union Fenosa

Πεμ, 12 Μαρτίου 2009 - 17:37

ROME (Dow Jones)--Enel SpA (ENEL.MI), Italy's biggest utility, doesn't plan to exit the renewable energy joint venture it has with Union Fenosa SA (UNF.MC) as it is satisfied with the current partnership, said Chief Executive Fulvio Conti Thursday.

Iraqi Kurdish Region Pres Slams Baghdad Oil Ministry - Report

Πεμ, 12 Μαρτίου 2009 - 17:18

The president of Iraq's Kurdish Regional Government, Massoud Barzani, has slammed the central government's Oil Ministry over the dispute about the distribution of oil wealth, in an interview with the Financial Times published Thursday

Bulgarian Bulgargaz Offers 10% Lower Prices

Τετ, 11 Μαρτίου 2009 - 17:39

The Bulgarian gas supply company Bulgargaz has proposed the State Energy and Water Regulatory Commission to lower the natural gas prices by 10,53%. Bulgargaz demands a price of BGN 549,96 per 1000 m3 (no value added tax included), which is BGN 64.7 per 1000 m3 less, compared to the current price.

Iran's Supreme Leader Doubts Obama's Promise Of Change-Report

Τετ, 11 Μαρτίου 2009 - 17:35

LONDON (Dow Jones)--Iran's supreme leader, Ayatollah Khamenei, Wednesday downplayed U.S. President Barack Obama's pledge to bring about "change" in White House policies, Iran's state-run Press TV reports on its Web site

Total: Still In Talks With Iran Authorities Over South Pars

Τετ, 11 Μαρτίου 2009 - 17:35

French oil major Total SA (TOT) is still in talks with Iranian authorities about the company's possible participation in the development of the South Pars gas field, a Total spokesman said Wednesday

Iran: Total Will Have No Active Role in Development of South Pars project

Τετ, 11 Μαρτίου 2009 - 17:34

TEHRAN (AFP)--A top Iranian official said Wednesday that French energy group Total SA (TOT) would have no "active role" in developing a huge gas field in Iran and that a new partner had been found for the project.

Italy's F2i, Valiance Bid For Enel Network Assets - Newspaper

Τετ, 11 Μαρτίου 2009 - 17:33

Two groups have each offered about EUR1.3 billion for a 70% stake in Enel SpA's (ENEL.MI) gas distribution network, Il Sole-24 Ore reports Wednesday, without citing its sources. One bidding group is led by Italian infrastructure fund F2i, and the other is led by Assicurazioni Generali SpA's (G.MI) Valiance fund.

GCC Perfect Place To Build Nuclear Pwr Plant - UK Authority

Τετ, 11 Μαρτίου 2009 - 15:57

The Gulf Cooperation Council, or GCC, is a perfect place to build a nuclear power plant, Lady Barbara Judge, chairman of the UK Atomic Energy Authority said Wednesday. "All the things we need to build a nuclear power plant are here in the Gulf," Judge told business leaders at a conference in Dubai.

Kuwait KPC Looking To Develop Non-Associated Gas Fields-Exec

Τετ, 11 Μαρτίου 2009 - 15:51

State-run Kuwait Petroleum Corp., or KPC, is looking to develop non-associated gas fields in the country to help it meet the country's rising energy needs, a senior company official said Wednesday. "The gas Kuwait uses now is all associated gas and it is insufficient by a long shot to meet our power generation and petrochemical needs so we've got to use other fuels," Sheikh Nawaf Saud Nasir Al Sabah, deputy managing director and general counsel at KPC, said at a Dubai conference.

Iran Pres Blames Global Crisis

Τετ, 11 Μαρτίου 2009 - 15:48

Iran's hardline President Mahmoud Ahmadinejad accused the U.S. and other world powers Wednesday of creating an "unfair" economic order which has triggered the global financial crisis. In an opening speech at a summit of the regional Economic Cooperation Organization, or ECO, in Tehran, Ahmadinejad said: "the United States and some of its allies are at the center of the economic crisis."

Repsol Chmn Warns Of Oil Supply Problems On Investment Drop

Τετ, 11 Μαρτίου 2009 - 15:45

The oil industry could face significant supply challenges as investment for exploration projects take a hit from the global financial crisis, the chairman of Spanish oil giant Repsol YPF SA (REP) said Wednesday. Antonio Brufau told the Euro-Mediterranean Energy Forum that the cancellation of exploration projects may result in challenges to meet long-term demand.

Czech Utility CEZ, Albanian Govt Sign Power Contract

Τετ, 11 Μαρτίου 2009 - 15:43

Czech electricity utility CEZ AS (BAACEZ.PR) said Wednesday that it has signed a deal with the Albanian government to buy a 76% stake in Albanian power distributor Operatori i Sistemit te Shperndarjes, or OSSH. CEZ won the privatization tender for the majority stake in OSSH last October by offering EUR102 million for the Albanian company.

2nd «Ecotec – Environmental technologies & Photovoltaic systems»

Τετ, 11 Μαρτίου 2009 - 11:34

An impressive exhibition, the 2nd “Ecotec – Environmental technologies & Photovoltaic systems”, the national convention of Local Administrations and Prefectures and a series of interesting conferences, compose a 4-day of ecology with extreme interest starting from Friday April 3rd in Expo Athens, in Anthousa Attikis.