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TPAO, Exxon Sign Non-Disclosure Pact For Oil Exploration

TPAO, Exxon Sign Non-Disclosure Pact For Oil Exploration

Τετ, 4 Μαρτίου 2009 - 18:21

Turkey's national oil company, Turkish Petroleum Corporation, or TPAO, has signed a non-disclosure agreement with Exxon Mobil Corp. (XOM) for oil exploration in southeastern Turkey, the Ihlas News Agency, or IHA, reported Tuesday, citing TPAO General Manager Mehmet Uysal.

Iran Gasoline Storage At 200,000 Tons Ahead Of New Yr

Iran Gasoline Storage At 200,000 Tons Ahead Of New Yr

Τετ, 4 Μαρτίου 2009 - 18:18

Iran is storing some 200,000 tons of gasoline, mainly offshore, in anticipation of increased travel during the Iranian New Year holiday starting March 21, industry sources said.

Greece’s Vegas Makes Large Oil Find In Egypt

Greece’s Vegas Makes Large Oil Find In Egypt

Τετ, 4 Μαρτίου 2009 - 18:15

Greece’s Vegas Oil and Gas SA has made a significant oil find, in two wells in an onshore concession in Egypt, of over 9,000 barrels per day, and has begun production from one of the wells, the firm said yesterday. Adam Vavourakis, the general manager of Vegas, told Reuters that one of the wells was producing around 1,400 barrels per day after production began several days ago in the Northwest Gemsa concession southeast of Cairo near the Gulf of Suez.

Areva: Siemens Breached Contract With Rosatom Deal

Areva: Siemens Breached Contract With Rosatom Deal

Τετ, 4 Μαρτίου 2009 - 18:06

French nuclear group Areva SA (CEI.FR) Wednesday said industrial conglomerate Siemens AG (SI) breached a contract it held with Areva by signing a memorandum of understanding Tuesday with Russia's state nuclear firm Rosatom to create a joint venture for building nuclear power plants, an Areva spokeswoman told Dow Jones Newswires.

CEZ CEO: Dividend Payout Of 50% To 60% Remains Valid

CEZ CEO: Dividend Payout Of 50% To 60% Remains Valid

Τρι, 3 Μαρτίου 2009 - 12:27

Czech power company CEZ AS (BAACEZ.PR) is going to propose a dividend payout of between 50% and 60% of net profit excluding non-recurring item, the company's chairman said Tuesday.

EnBW, Borusan Cooperate On Renewable Energy In Turkey

EnBW, Borusan Cooperate On Renewable Energy In Turkey

Τρι, 3 Μαρτίου 2009 - 12:25

Energie Baden-Wuerttemberg AG (EBK.XE) has signed a memorandum of understanding with Turkey's Borusan Holdings AS (BRYAT.IS) to build wind parks and hydropower plants in Turkey, the Financial Times Deutschland reports.

Iberdrola, Inter Rao To Sign Energy Cooperation Deal

Iberdrola, Inter Rao To Sign Energy Cooperation Deal

Τρι, 3 Μαρτίου 2009 - 12:23

Spanish electricity company Iberdrola SA (IBE.MC) and Russia's Inter Rao EES OAO (IRAO.RS) Tuesday are slated to sign a cooperation deal, an Iberdrola press official said.

Gazprom 3Q Net Pft RUB131.7B; Below Expectations

Gazprom 3Q Net Pft RUB131.7B; Below Expectations

Τρι, 3 Μαρτίου 2009 - 12:21

OAO Gazprom (GAZP.RS), the world's largest producer of natural gas, Tuesday unveiled a 16% rise in third-quarter net profit, helped by high European export prices, but below analysts' expectations.

Iran Oil Min: OPEC Compliance 80%,Room To Cut More

Iran Oil Min: OPEC Compliance 80%,Room To Cut More

Τρι, 3 Μαρτίου 2009 - 12:12

Iran's Oil Minister said Monday compliance among the Organization of Petroleum Exporting Countries member nations to implement agreed cuts is at 80%, leaving room for up to 600,000 barrels a day to be taken out of the market.

International Economic Crisis to Delay Financing for Russia-Kazakhstan Natural Gas JV

International Economic Crisis to Delay Financing for Russia-Kazakhstan Natural Gas JV

Παρ, 27 Φεβρουαρίου 2009 - 18:22

The international financial crisis is likely to delay a planned joint venture between Russia and Kazakhstan, according to Kazakhstan’s energy and mineral resources Minister Sauat Mynbayev. The 2007 agreement provided for the supply of natural gas from the Karachaganak field in Kazakhstan to Gazprom’s Orenburg processing plant.