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Lukoil Get EUR400M Loan For Stake In Italy's ISAB Refinery

Παρ, 28 Νοεμβρίου 2008 - 17:50

Russia's biggest independent oil producer OAO Lukoil (LKOH.RS) said Friday it has obtained a EUR400 million loan to finance its 49% stake in Italy's ISAB refinery.

Germany Says Well On Track To Meet Kyoto Emissions Goals

Παρ, 28 Νοεμβρίου 2008 - 17:49

The German government released data for 2007 greenhouse gas emissions Friday that it said showed it was well on track to meet its international climate change commitments under the Kyoto Protocol.

Obama To Decide On Iran Diplomatic Outpost In Iran

Πεμ, 27 Νοεμβρίου 2008 - 18:03

US Secretary of State Condoleezza Rice said Wednesday she would leave the decision on whether to open a US interests section in Tehran to president-elect Barack Obama.

No Output Decision Seen Sat In Cairo-OPEC Delegate

Πεμ, 27 Νοεμβρίου 2008 - 18:01

Members of the Organization of Petroleum Exporting Countries are expected to leave the organization's output unchanged when they meet in Cairo Saturday, an OPEC delegate said Thursday.

Gazprom Sees Siberia,Far East Reserves +7,000 BCM

Πεμ, 27 Νοεμβρίου 2008 - 18:00

Russia's natural gas monopoly OAO Gazprom (GAZP.RS) plans to increase its natural gas reserves in Eastern Siberia and the Russian Far East by up to 7 trillion cubic meters before 2030, the company said in a statement Wednesday.

Gazprom, PdVSA To Jointly Study Block At Orinoco Oil Basin

Πεμ, 27 Νοεμβρίου 2008 - 17:59

Russian gas monopoly Gazprom OAO (GAZP.RS) said Thursday it would study the Ayacucho-3 block of Venezuela's Orinoco oil basin together with Petroleos de Venezuela SA.

Petrobras, BG, Repsol Make Large Find At Guara

Πεμ, 27 Νοεμβρίου 2008 - 17:58

The Guara find in Brazil's Santos Basin by state-run oil firm Petroleo Brasileiro SA (PBR), BG Group PLC (BG.LN) and Repsol YPF SA (REP) represents a massive discovery, a person familiar with the situation said Thursday.

E.ON UK: Will Reduce Tariffs Next Yr If Gas, Elec Prices Fall

Πεμ, 27 Νοεμβρίου 2008 - 17:56

The U.K. arm of German utility E.ON AG (EOAN.XE) said Thursday it hopes to reduce its gas and electricity tariffs next year if wholesale prices continue to fall.

France Tables Compromise On Contentious EU Biofuels Rules

Πεμ, 27 Νοεμβρίου 2008 - 17:55

France this week proposed a compromise on controversial biofuels requirements under negotiation at the European Union in the hope of ending a standoff between members of the European Parliament and the E.U. national governments, a document obtained by Dow Jones Newswires says.

E.ON CEO Says Doesn't Expect Fincl Crisis To Impact Grid Sale

Πεμ, 27 Νοεμβρίου 2008 - 17:54

E.ON AG's (EOAN.XE) Chief Executive Wulf Bernotat Thursday said he expects plenty of interest in the company's German transmission power grid that's for sale despite a deterioration of the market environment due to the financial crisis.

Slowdown set to fuel joblessness

Τετ, 26 Νοεμβρίου 2008 - 12:02

The Organization for Economic Cooperation and Development (OECD) expects growth in the Greek economy to slow next year to an annual pace of 1.9 percent as well as a spike in jobless numbers, it said in a report yesterday. Greece’s economy is starting to slow under the weight of the global crisis, which has been reducing demand for the country’s two key sectors, tourism and shipping.

Firms fined for fixing unleaded fuel prices

Τετ, 26 Νοεμβρίου 2008 - 12:00

A man is seen preparing to fill underground storage tanks with petrol from his tanker at a BP gas station in this file photo. The Competition Commission yesterday fined the local units of BP and Royal Dutch Shell a total of 49.8 million euros for unleaded fuel price fixing. BP Hellas was fined 30.1 million euros and Shell Hellas 19.7 million euros.

Titan signs deal for Albania

Τετ, 26 Νοεμβρίου 2008 - 11:56

International Finance Corporation, a member of the World Bank group, and the European Bank for Reconstruction will take a stake in Titan Cement’s Albania subsidiary in exchange for a 33.6-million-euro loan, the Greek company said yesterday. The two lenders will take a 50 percent stake in Titan’s Albanian subsidiary, Antea Cement, as part of the finance deal.