English Edition

Lukoil Signs JV With ERG, Asks For State Refinancing

Παρ, 7 Νοεμβρίου 2008 - 16:05

Russia's second-biggest oil producer OAO Lukoil (LKOH.RS) said Thursday it has agreed to finalize a joint venture deal with Italian refiner ERG SpA (ERG.MI).

OPEC Is Showing Compliance With Output Cuts

Παρ, 7 Νοεμβρίου 2008 - 16:03

The Organization of Petroleum Exporting Countries, including leading member Saudi Arabia, is showing "reasonably good compliance" with the cartel's recent moves to curtail oil output, consultant PFC Energy said Thursday.

Iran-Oman Kish Gas Deal Likely 2009, Deliveries In 2013

Παρ, 7 Νοεμβρίου 2008 - 16:01

Iran will likely finalize a contract next year to export 1 billion cubic feet a day of natural gas from its Kish natural gas field to Oman, the managing director of National Iranian Oil Co.'s offshore unit said Friday.

Gazprom May Revise S Stream Plan On Fincl Crisis

Παρ, 7 Νοεμβρίου 2008 - 15:59

The current financial crisis could force Russia's OAO Gazprom (GAZP.RS) energy giant to revise its South Stream pipeline project, which is to link Russia to southern Europe, a Gazprom's official said here Thursday.

Transneft Offers To Build Facilities For Venezuela

Παρ, 7 Νοεμβρίου 2008 - 15:57

Russian oil pipeline operator OAO Transneft (TRNFP.RS) has offered to build oil transportation facilities in Venezuela for projects of a Russian-Venezuelan consortium, Transneft President Nikolai Tokarev said Thursday, the Prime-Tass news agency reported.

Gas Consumption Rising Steadily, Says IOBE

Παρ, 7 Νοεμβρίου 2008 - 15:33

Households and businesses switching over to natural gas have pushed annual consumption growth rates in the sector to almost 50 percent, despite the lack of government incentives being offered on the energy source, a report said yesterday. The report, put together by the Foundation for Economic and Industrial Research (IOBE), said an expanding natural gas pipeline network and soaring petrol prices are among the key reasons behind expansion rates.

Power Tariffs in for 5 Percent Hike

Παρ, 7 Νοεμβρίου 2008 - 15:29

The Public Power Corporation (PPC) will up tariffs by about 5 percent as of next year due to rising energy costs, despite recent drops in international petrol prices, the utility's president, Takis Athanassopoulos, said yesterday. The head of PPC said the tariff hike is needed to offset higher costs from natural gas which track petrol price movements with a lag of between three and six months.

S Korea,Turkmenistan To Cooperate To Develop Oil Blocks,Mines

Πεμ, 6 Νοεμβρίου 2008 - 15:25

South Korea and Turkmenistan agreed to cooperate in the joint development of offshore blocks in the Caspian sea and mineral mines in Turkmenistan, the presidential office in Seoul said Thursday.

Russia's TMK Signs Supply Contract With Turkmengas >TRMKG.RS

Πεμ, 6 Νοεμβρίου 2008 - 15:22

Russian industrial pipe maker OAO TMK (TRMK.RS) said Thursday it has signed a pipe supply contract with Turkmenistan's state gas company Turkmengas.

Kazatomprom In JV To Build Chinese Nuclear Power Plants

Πεμ, 6 Νοεμβρίου 2008 - 15:20

Kazakhstan's state-owned nuclear fuel company, Kazatomprom, will form a joint venture with Chinese companies to build nuclear power plants in China, Kazatomprom's chief executive said Thursday.

EU Sees ITGI, Nabucco Gas Lines Strategic

Πεμ, 6 Νοεμβρίου 2008 - 15:18

The European Union doesn't have any preferences between two natural gas pipeline projects that will import gas from the Caspian in an effort to reduce Russia's stranglehold on E.U. energy supply, Edison SpA (EDN.MI) Chief Executive Umberto Quadrino said Wednesday