English Edition

Iran OPEC Head: Cut Possible If Demand Keeps Falling

Δευ, 13 Απριλίου 2009 - 15:28

Iran's governor to the Organization of Petroleum Exporting Countries, or OPEC, said that further declines in crude oil demand could warrant an output cut at the organization's next meeting, the daily Hamshahri paper reports Monday.

Transneft, Rosneft Agree On Oil Deliveries To China

Δευ, 13 Απριλίου 2009 - 15:27

Russia's largest oil producer OAO Rosneft (ROSN.RS) has signed an agreement with state-controlled pipeline operator OAO Transneft (TRNFP.RS) to deliver oil to China, Interfax news agency reported Monday, citing a statement from Transneft.

Moscow Won't Sell Stake In Sibir Energy To TNK-BP

Δευ, 13 Απριλίου 2009 - 15:26

City of Moscow, a shareholder in Sibir Energy PLC (SBE.LN), doesn't intend to sell its 18% stake in the London-listed oil producer to Anglo-Russian oil major TNK-BP Ltd., the Kommersant daily reported Monday citing a Moscow deputy mayor.

Russia's Lukoil To Send Team To Iraq For Talks

Δευ, 13 Απριλίου 2009 - 15:24

A delegation from Russia's Lukoil Holdings (LKOH.RS) will soon visit Iraq to discuss reactivating a multibillion-dollar exploration contract, Iraqi Prime Minister Nuri al-Maliki said in an interview published Monday.

Iran Favors Oil Price Of $75 To $80

Δευ, 13 Απριλίου 2009 - 15:23

Iran, OPEC's second largest crude producer, said Sunday that it favors a global oil price of between $75 and $80 a barrel, the state television web site quoted the oil minister as saying.

Iran To Import Iraq's Oil; Export Kerosene, Gasoil

Δευ, 13 Απριλίου 2009 - 15:21

Iran and Iraq have agreed for Iran to import 200,000 barrels of crude oil per day from Iraq and in exchange export 1.5 million tons of kerosene and 500,000 tons of gasoil to Iraq, the Moj News Agency reports Sunday, citing Iran's National Oil Refining and Distribution Co. chief.

Hellenic Petrol to shut refinery for maintenance

Δευ, 13 Απριλίου 2009 - 14:15

Hellenic Petroleum SA plans to shut the largest of its three oil refineries in Greece later this year for maintenance, cutting supplies ahead of peak winter demand for heating fuels. Maintenance at the Aspropyrgos refinery will begin in early September, Evangelos Stranis, a company spokesman, said in a telephone interview on April 7.

Serbia signs deal to upgrade natural gas storage facility

Δευ, 13 Απριλίου 2009 - 14:06

Srbijagas, Serbia’s natural gas distributor, signed a contract with Austria’s Heat group to upgrade the Balkan country’s largest storage facility as it seeks to ensure supplies after disruptions in January. The underground storage in the northern town of Banatski Dvor will have a daily output capacity of as much as 5 million cubic meters of gas after modernization, Chief Executive Officer Dusan Bajatovic said.

GDF Suez:May Have Equivalent 3-4 EPR Reactors By '20

Παρ, 10 Απριλίου 2009 - 16:07

French utility GDF Suez SA's (GSZ.FR) capacity to generate nuclear power may increase by 2020 to the equivalent of between three and four EPR reactors, a company executive said Thursday.

Polish PGNiG To Sign LNG Contract Within Weeks

Παρ, 10 Απριλίου 2009 - 16:05

Polish gas monopoly Polskie Gornictwo Naftowe i Gazownictwo will sign a long-term contract to buy liquified natural gas within weeks, company deputy president Radoslaw Dudzinski told Gazeta Prawna daily newspaper.

Refiners Face More Pain From Weak Demand

Παρ, 10 Απριλίου 2009 - 16:03

The International Energy Agency Friday warned weak demand and high stock levels would depress global refinery runs for the next six months.

Iraq PM To Hold Talks Fri With Russia's PM

Παρ, 10 Απριλίου 2009 - 16:01

Iraqi Prime Minister Nouri al-Maliki was to hold summit talks with Russian leaders Friday as Moscow seeks to restore its economic and political influence in Baghdad six years after the U.S. invasion.

Repsol, OMV, NOC Hit Oil Off Libya's Coast

Παρ, 10 Απριλίου 2009 - 15:59

A consortium led by Spanish oil firm Repsol SA (REP) found oil in the NC202 block of the Sirte basin off Libya's coast, Libya's National Oil Corp., or NOC, said on its Web site.