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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.

Gazprom, Hungary Set Up JV To Build South Stream Pipeline

Τρι, 10 Μαρτίου 2009 - 18:48

Russian gas firm OAO Gazprom (GAZP.RS) and Hungarian Development Bank have agreed to set up a joint venture for the construction of the South Stream gas pipeline through Hungary, Gazprom said Tuesday.

UK Nuclear Inspector OKs Oldbury Nuclear Reactor 1 Restart

Τρι, 10 Μαρτίου 2009 - 18:47

The U.K. Nuclear Installations Inspectorate has given consent for the restart and extension of Oldbury nuclear power station's reactor 1, operator Magnox North said Tuesday.

EU Broadens Antitrust Probe Into French Electric Rates

Τρι, 10 Μαρτίου 2009 - 18:46

The European Commission said Tuesday it will broaden its antitrust investigation into French electricity rates, saying French rules appear to favor a small group of the company's largest electicity consumers.

Putin Expresses Doubts About Nabucco Pipeline

Τρι, 10 Μαρτίου 2009 - 18:45

Russia's Prime Minister Vladimir Putin expressed doubts about the ambitious Nabucco gas pipeline project that bypasses Russia, saying it required several transit states as well as Iran's involvement.