English Edition

Germany's Merkel, Turkmenistan Pres Discuss Economic Ties

Παρ, 14 Νοεμβρίου 2008 - 17:32

German Chancellor Angela Merkel rolled out the red carpet Friday for the leader of Turkmenistan, as both said there was enormous potential for deepening economic ties.

Kazakhstan, Azerbaijan State Oil Cos Agree To Ship Kazakh Oil

Παρ, 14 Νοεμβρίου 2008 - 17:24

Kazakh state oil and gas company KazMunaiGas said Friday it has signed an agreement with Azerbaijan's state oil company on the main terms of shipping Kazakh crude oil to international markets via Azerbaijan.

Turkey Joins Eastern European Nations To Push Energy Routes

Παρ, 14 Νοεμβρίου 2008 - 17:22

Turkish President Abdullah Gul Friday joined east European leaders at a summit in Azerbaijan aimed at promoting energy routes to Europe outside Russia's influence.

Azeri Minister: BTC Pipeline To Ship 1M Bbl/Day By End

Παρ, 14 Νοεμβρίου 2008 - 17:20

The Baku-Tblisi-Ceyhan pipeline that carries Azerbaijani crude oil to the Mediterranean coast of Turkey will resume shipments of 1 million barrels per day by the end of the year, Azerbaijan's energy minister Natiq Aliyev said at an energy summit, which took place in Baku this week.

OMV Gas Head: Good Time To Get Nabucco Financing

Παρ, 14 Νοεμβρίου 2008 - 17:19

OMV AG (OMV.VI) Friday shrugged off concerns over the financing of the Nabucco gas pipeline despite the global credit crunch.

Russia's Foreign Ministry Accuses Ukraine Over Georgia War

Παρ, 14 Νοεμβρίου 2008 - 17:17

Russia's Foreign Ministry on Thursday accused Ukraine of trying to "hide the truth" about Ukrainian nationals alleged to have fought alongside Georgian troops against Russia during a brief war in August.

Iran Says It Would Support OPEC Production Cut

Παρ, 14 Νοεμβρίου 2008 - 17:16

Iran, number two oil producer in the Organization of Petroleum Exporting Countries, would support a decision to cut production by the group at an extraordinary meeting set for Cairo later this month, the Mehr news agency reported Friday.

Gazprom: No Plans To Buy 20% Repsol Stake >GAZP.RS

Παρ, 14 Νοεμβρίου 2008 - 17:14

Russia's state-controlled gas giant OAO Gazprom (GAZP.RS) said Friday it has no plans to buy a 20% stake in Spanish oil company Repsol YPF SA (REP).

US Energy Secy Sees Difficulties With S Stream Gas Pipeline

Πεμ, 13 Νοεμβρίου 2008 - 16:01

U.S. Energy Secretary Samuel Bodman on Thursday said there were difficulties with a Russian plan for a new gas pipeline to Europe and said Washington wanted to encourage diversity of supply.

EU, Russian Pres To Meet Friday To Discuss Econ Ties, Georgia

Πεμ, 13 Νοεμβρίου 2008 - 16:00

European leaders will sit down Friday with Russia's Dmitry Medvedev hoping to renew economic ties with their biggest energy supplier despite deep divisions over the war inGeorgia.

Putin Threatens to Scrap Gas Pipeline

Πεμ, 13 Νοεμβρίου 2008 - 15:58

Russian Prime Minister Vladimir Putin threatened to scrap a planned pipeline that would carry Russian gas under the Baltic Sea to Germany, a high-profile project that has faced stiff opposition in parts of Europe.

Ukraine Oct Industrial Production Down 19.8% On Year

Πεμ, 13 Νοεμβρίου 2008 - 15:56

Ukraine's industrial production fell 19.8% in October compared with the same period the year before, and dropped 7.6% on the month, the Unian news agency reported Wednesday, citing data from the State Statistics Committee of Ukraine.

EU Says More Than EUR1 Tln Needed To Boost Energy Mkt

Πεμ, 13 Νοεμβρίου 2008 - 15:54

The European Union will need EUR1 trillion to prop up its electricity networks and generation capacity by 2030 and another EUR150 billion for its gas networks, if it wants to increase energy security and improve competitiveness, the European Commission estimated Thursday.