English Edition

Kazakhstan Needs More Oil Export Capacity

Τετ, 18 Φεβρουαρίου 2009 - 15:28

The oil-rich Central Asian nation of Kazakhstan urgently needs more export capacity if it hopes to meet its ambitious plans for increasing oil production in the coming years, a senior Chevron Corp. (CVX) executive said Tuesday.

Greece, Azerbaijan To Cooperate More On Energy Security

Τετ, 18 Φεβρουαρίου 2009 - 15:23

Greek Prime Minister Costas Caramanlis and Azerbaijani President Ilham Aliyev agreed Tuesday to work more closely on getting Azeri gas into Europe to help ease its energy security problems.

Russians, Georgians Resume Security Talks In Geneva

Τετ, 18 Φεβρουαρίου 2009 - 15:22

Russia and Georgia resumed talks in Geneva Tuesday on security arrangements in the wake of their conflict last year, the U.N. said, two months after they failed to wrap up an agreement.

Russia Warns It Will Hit Back If Ukraine Expels Envoy

Τετ, 18 Φεβρουαρίου 2009 - 15:20

Russia will hit back with a tit-for-tat reaction if Ukraine expels its ambassador, Russian news agencies reported Wednesday, after the envoy was summoned over what Kiev called "unfriendly comments".

Iraq Sells Its Uranium To Canada's Cameco Corp

Τετ, 18 Φεβρουαρίου 2009 - 15:19

Iraq has sold its 550 tons of uranium concentrate or "yellow cake", built up by former dictator Saddam Hussein, to Cameco Corp. (CCJ) of Canada for $90 million, the government said on Tuesday.

Arabian Oil To Purchase Rights To North Sea Oil Fields

Τετ, 18 Φεβρουαρίου 2009 - 15:16

Arabian Oil Co. will acquire an interest in a Norwegian oil field slated to resume production this year, The Nikkei reported in its Wednesday morning edition.

Gazprom Neft To Invest $220M In Bunkering Indus

Τετ, 18 Φεβρουαρίου 2009 - 15:15

Russian oil major Gazprom Neft (SIBN.RS) plans to invest about $220 million in the bunkering industry, the corporate magazine of natural gas giant OAO Gazprom (GAZP.RS) reported Tuesday, according to the Prime-Tass news agency.

ExxonMobil Unworried By Libya Nationalization Threat

Τετ, 18 Φεβρουαρίου 2009 - 15:14

ExxonMobil Corp. (XOM) isn't worried about recent threats to nationalize the Libyan oil industry and could even start drilling there this year, a company executive said Monday.

Vladimir Putin to Meet Hilary Clinton in the Bulgarian Town of Plovdiv

Τρι, 17 Φεβρουαρίου 2009 - 16:56

The Bulgarian town of Plovdiv will be event number one in the news in the days between 22 and 24 April, when the town will host the World energy forum, announced the mayor of Plovdiv Slavcho Atanassov. 28 countries will be represented by their presidents or prime ministers.

New Bulgaria Ambassador to Oil Rich Azerbaijan Starts Job in Spring

Τρι, 17 Φεβρουαρίου 2009 - 16:50

The newly-appointed Bulgarian Ambassador to Azerbaijan, Vasil Kalinov, is expected to arrive in Baku in March to replace the previous Ambassador Ivan Palchev, who left Azerbaijan last summer, abc.az reported Monday.

Russia, China Agree Oil-For-Loans Deal

Τρι, 17 Φεβρουαρίου 2009 - 12:50

Russia has reached an agreement with China to provide long-term oil supplies in exchange for multibillion dollar loans, Interfax news agency reported Tuesday, citing an unnamed source.

Gazprom Feb Output Down 13.3% Due To Lower Demand

Τρι, 17 Φεβρουαρίου 2009 - 12:48

Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) saw its daily average gas production in the first two weeks of February fall 13.3% from 2008 due to lower demand, the Vedomosti daily says Tuesday citing Energy Ministry data.

Cyprus Talks Can Succeed

Τρι, 17 Φεβρουαρίου 2009 - 12:47

U.N. special envoy Alexander Downer said on Monday that peace talks to reunify the divided island have every chance of success because of the determination of the two leaders to forge a solution.

Turkey's Tekfen In EUR7 Bln Russian Project

Τρι, 17 Φεβρουαρίου 2009 - 12:45

Turkish construction company Tekfen Insaat, a unit of construction to agri-industry conglomerate Tekfen Holding (TKFEN.IS), will participate in a EUR7 billion petrochemical plant and refinery project in Russia, according to Ihlas News Agency, or IHA.

Russia Opens Antitrust Case Vs 4 Oil Cos Over Gasoline Prices

Τρι, 17 Φεβρουαρίου 2009 - 12:44

Russia has opened an antitrust case against oil firms OAO Rosneft (ROSN.RS), OAO Lukoil (LKOH.RS), TNK-BP Ltd. and OAO Gazprom Neft (SIBN.RS) after gasoline prices at the pump rose amid a drop in world oil prices.

Russian Fin Min Dislikes Excessive Protectionism

Τρι, 17 Φεβρουαρίου 2009 - 12:41

Finance Minister Alexei Kudrin said Monday he believed Russia shouldn't be excessively protectionist but said sometimes it should use protective measures to support its economy, according to the Prime-Tass news agency.