English Edition

Iran OPEC Head: Global Crude Oil Stocks Should Be Reduced

Δευ, 11 Μαΐου 2009 - 17:07

Iran's OPEC governor said the Organization of Petroleum Exporting Countries will either cut production at its May 28 meeting to reduce record-high crude oil stock levels, or decide to maintain current output on expectations of an improved economic situation and a rise in demand.

Korea Inks Pact To Explore 5 Oil Blocks In Uzbekistan

Δευ, 11 Μαΐου 2009 - 17:05

South Korea has signed a preliminary agreement to explore five oil and gas blocks in Uzbekistan, the presidential office said Monday.

Eni Sees EBIT Over EUR12B In 2009

Δευ, 11 Μαΐου 2009 - 16:16

Oil giant Eni SpA (E) expects its 2009 earnings before interest and taxes to be over EUR12 billion and adjusted net profit to be EUR5 billion, assuming an exchange rate of EUR1.30 against the dollar and oil prices at $50 a barrel, financial daily Il Sole 24 Ore reports Sunday.

Baghdad OKs Northern Iraq Kurdish Oil Exports

Δευ, 11 Μαΐου 2009 - 16:15

The Iraqi federal oil ministry said Sunday it will allow the autonomous Kurdish government in northern Iraq to start exporting crude oil in June to world markets in a move that will boost badly needed oil export revenues for Baghdad.

Sofia seeks N-plant funding

Δευ, 11 Μαΐου 2009 - 15:52

Bulgaria is counting on loans from Russia, Germany and France to build a new 4-billion-euro nuclear power plant on the Danube, Deputy Economy and Energy Minister Yavor Kuyumdjiev said yesterday. Funding for the plant, which was due to come from the Bulgarian state and German power giant RWE, was proving difficult, Kuyumdjiev said in an interview with the daily Klassa published yesterday.

Siemens: Innovative Reactive Power Compensation System For Wind Farms, Power Grids And Industry

Δευ, 11 Μαΐου 2009 - 12:48

Siemens Energy is expanding its product spectrum of Flexible AC Transmission Systems (FACTS) with its new reactive power compensation system SVC Plus (Static Var Compensator). This system operates on the basis of innovative Voltage-Sourced Converter technology (VSC), with continuously variable control through high-power transistors (IGBT).

EU Signs Gas Accord With Turkey, Georgia, Azerbaijan, Egypt

Παρ, 8 Μαΐου 2009 - 15:27

The E.U. Friday signed a deal with Azerbaijan, Georgia, Turkey and Egypt to boost natural gas imports from the Caspian Sea region and the Middle East.

EU Meets Caspian Region Leaders On Nabucco Pipeline

Παρ, 8 Μαΐου 2009 - 15:25

The European Union opened talks with leaders from the Caspian sea region and beyond in Prague Friday to breathe some life into the ambitious Nabucco pipeline project designed to take non-Russian gas to Europe.

Iran's OPEC Governor: OPEC May Cut Output May 28

Παρ, 8 Μαΐου 2009 - 15:22

Iran's OPEC governor has said the group may decide to cut production at its May 28 meeting in Vienna, Iranian news service PressTV reports Friday.

EU Offers Six Former Soviet States EUR600M For Closer Ties

Παρ, 8 Μαΐου 2009 - 15:20

The European Union Thursday offered six former Soviet states incentives worth EUR600 million to promote stronger energy and economic ties and democratic reforms.

Turkey Foreign Min Welcomes Azerbaijan, Armenia Talks

Παρ, 8 Μαΐου 2009 - 15:19

Turkey's foreign minister said Friday he was pleased about the progress the presidents of Armenia and Azerbaijan made during discussions aimed at resolving their long-standing dispute over the Nagorno-Karabakh region, Turkish newspaper Hurriyet reports on its Web site.

Armenia, Turkey Agree To Work Toward Better Relations

Παρ, 8 Μαΐου 2009 - 15:18

The presidents of Armenia and Turkey have agreed to try to rebuild relations within a reasonable timeframe, Russian news agency RIA Novosti reports Friday, citing the Armenian leader's office.

OMV CEO: Targets Production Increase In 2009

Παρ, 8 Μαΐου 2009 - 15:03

Austrian oil and gas company OMV AG expects to grow production volume in 2009, mainly through new fields in Kazakhstan and New Zealand, its chief executive said Friday.