English Edition

Bulgaria’s Electricity Exports Steady in 2008

Δευ, 22 Δεκεμβρίου 2008 - 15:56

Bulgaria’s dominant power utility NEK said its electricity exports would be around 4.5 kilowatt (kWh) this year, unchanged from 2007. “Bulgaria exported the electricity mainly to its Balkan neighbors Greece, Serbia and Macedonia,” NEK’s executive director Madrik Papazyan told a news conference on Saturday.

Bulgaria, Turkmenistan Vow Cooperation in Energy Sector

Δευ, 22 Δεκεμβρίου 2008 - 15:52

Bulgarian President Georgi Parvanov, who is paying an official visit to Turkmenistan, conferred with his Turkmenistan counterpart Gurbanguly Berdimuhamedow. The two heads of state discussed opportunities for promoting bilateral relations and cooperation in the energy sector.

Turkmenistan Dashes Gas Hopes

Παρ, 19 Δεκεμβρίου 2008 - 21:25

When an audit confirmed in October that Turkmenistan boasted one of the world's largest natural-gas fields, Western oilmen sniffed the chance of a once-in-a-lifetime mega-deal with a country that finally seemed to be opening up to the world. They've been badly disappointed.

EU Says Gas Supply Won't Be Hit By Russia-Ukraine Tensions

Παρ, 19 Δεκεμβρίου 2008 - 21:24

Gas supply to the European Union won't be affected by disputes between Ukraine and Russia, the European Commission said Friday.

Park Elektrik Shares Jump On OK For Nuclear Bid

Παρ, 19 Δεκεμβρίου 2008 - 21:23

Turkish electricity Park Elektrik (PRKTE.IS) shares jumped 9.8% to 0.9 lira after the country's Atomic Authority (TAEK) approved the technology of a Russian-Turkish consortium which was the sole bidder in a tender to build the country's first nuclear power plant, Ihlas News Agency, or IHA, reported Friday.

Bosphorus Gas Takes Over Contract With Gazprom

Παρ, 19 Δεκεμβρίου 2008 - 21:22

Turkey-based Bosphorus Gas said Friday it has taken over a natural gas sale contract between state-owned gas company BOTAS and Russia's Gazprom (GAZP.RS), Ihlas News Agency, or IHA, reported.

Algeria Oil, Gas Tender Hit By Downturn

Παρ, 19 Δεκεμβρίου 2008 - 21:20

An Algerian official has partly blamed the financial crisis for a lower-than-expected number of oil and gas exploration license bids last week.

Lukoil Expects 4Q Capital Spending At $2.5 Bln

Παρ, 19 Δεκεμβρίου 2008 - 21:19

Russia's second-largest oil producer OAO Lukoil (LKOH.RS) expects its fourth-quarter investment program to total $2.5 billion, Interfax news agency reported Friday, citing the oil major's senior investment analyst, Andrei Gaidamaka.

OPEC Plans Record Output Cut

Πεμ, 18 Δεκεμβρίου 2008 - 18:06

The world's big oil producers, flush and powerful just months ago, said they would cut crude supplies by a record amount but found even that couldn't stop prices from sliding to their lowest level in four years.

Gazprom: May Halt Gas Supplies To Ukraine After Jan 1

Πεμ, 18 Δεκεμβρίου 2008 - 18:04

Russia's OAO Gazprom (GAZP.RS) Thursday said from Jan. 1 it isn't obliged to continue supplying natural gas to Ukraine, which has fallen behind on payments, and may halt deliveries.

EU: Expresses Deep Concern On Ukraine-Russia Gas Dispute

Πεμ, 18 Δεκεμβρίου 2008 - 18:03

The European Union is deeply concerned after Russia's OAO Gazprom (GAZP.RS) said it may halt deliveries of natural gas to Ukraine from Jan. 1, a spokesman for Energy Commissioner Andris Piebalgs said Thursday.

Iran, Turkey To Set Up JV To Construct Gas Pipeline

Πεμ, 18 Δεκεμβρίου 2008 - 18:02

Iran and Turkey are aiming to set up a joint venture for the construction of two pipelines transporting natural gas from the Islamic Republic to the Turkish and Greek borders, the IRNA news agency quoted Gholam Hossein Nozari as saying Tuesday.

Iran Says Crude Stockpiles Fall On Sales To Europe - Official

Πεμ, 18 Δεκεμβρίου 2008 - 18:00

Iran has sold all crude oil being stored in Egypt's Sidi Kerir terminal and is sending two additional crude carriers from Kharg Island in the Persian Gulf to be lifted by purchasers from the Mediterranean Sea port, a senior Iranian oil official said.