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Gazprombank Buys Back $82M Of Outstanding Debt

Παρ, 30 Ιανουαρίου 2009 - 16:40

Russia's Gazprombank, the banking arm of gas monopoly OAO Gazprom (GAZP.RS), has bought-back $82 million of its outstanding debt at a discount to face value, deal manager Credit Suisse said Friday.

Iberdrola Secures EUR83M Deal For Sub-stations In Venezuela

Παρ, 30 Ιανουαρίου 2009 - 16:38

Electricity company Iberdrola SA (IBE.MC) said Friday it has secured an EUR83 million contract to build three electric power substations for Venezuela's state-run company Corpoelec.

Cuba, Russia Presidents To Meet Ahead Of Trade

Πεμ, 29 Ιανουαρίου 2009 - 17:29

Cuban President Raul Castro was to meet his Russian counterpart Dmitry Medvedev Thursday in a bid to revive Soviet-era ties as he paid the first visit to Moscow by a Cuban leader since the Cold War.

Iraq Refuses US Co Blackwater New Operating License

Πεμ, 29 Ιανουαρίου 2009 - 17:21

Iraq will not renew the operating license of U.S. security firm Blackwater Worldwide because of a 2007 incident involving its guards in which civilians were killed in Baghdad, an official said Thursday.

West-To-East Fuel Oil Flow To Slow In February From January

Πεμ, 29 Ιανουαρίου 2009 - 17:18

Asia will receive around 600,000 metric tons less fuel oil from the West in February than in January as supply has tightened in Europe.

Azerbaijan Oil Fund Hits $11.2 Bln In 2008 On High Prices

Πεμ, 29 Ιανουαρίου 2009 - 17:15

Assets in Azerbaijan's state oil fund rose more than fourfold in 2008 to 9 billion manat($11.2 billion) on the back of high oil prices, the fund's director, Shahmar Movsumov said Wednesday.

Kazakh Kazmunaigas EP 2008 Crude Output Up 12.4% On Year

Πεμ, 29 Ιανουαρίου 2009 - 17:09

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Thursday it produced 11.954 million metric tons, or 239,800 barrels a day, of crude oil in 2008.

EU To Launch Eastern Partnership At May Summit

Πεμ, 29 Ιανουαρίου 2009 - 17:07

European leaders will launch their "Eastern Partnership" to boost ties with six ex-Soviet republics at a Prague summit in May, a Czech European Union presidency source said Thursday.

EU Summit on Nabucco Gas Pipeline Begins in Budapest

Τετ, 28 Ιανουαρίου 2009 - 18:42

"The Nabucco gas pipeline is a very important project and the Czech Republic will do its best in its completion," Czech Prime Minister Mirek Topolanek whose country is currently holding EU presidency. According to him, not only Eastern-European countries but also EU as a whole is convinced in the necessity of Nabucco.

EU Proposes EUR5B Package To Promote Econ Recovery

Τετ, 28 Ιανουαρίου 2009 - 17:55

The European Commission Wednesday proposed spending EUR5 billion to help revive the European economy, including new funds for alternative energy, high-speed Internet and gas pipelines to diversify European supply away from Russia.

EU Ferrero-Waldner:EU Needs A Strong Energy Strategy

Τετ, 28 Ιανουαρίου 2009 - 17:53

The recent natural gas dispute between Russia and Ukraine has proved the need for the development of a strong European Union energy strategy and the diversification of Europe's energy supply, said European Union Commissioner for External Relations, Benita Ferrero-Waldner Wednesday.

Ukrainian Sea Ports' 2008 Throughput Rose 6.8% On Year

Τετ, 28 Ιανουαρίου 2009 - 17:52

Ukraine's 19 state-owned sea ports handled 132.17 million metric tons of cargo in 2008, an increase of 6.8% compared with 2007, the transport and communications ministry reported Wednesday.

Verbund, Sabanci Buy Turkish Power Grid Co Baskent EDAS

Τετ, 28 Ιανουαρίου 2009 - 17:50

Austrian utility company Verbund AG (VER.VI) said Wednesday that it and Turkish partner Sabanci Energy Group, through their joint venture Enerjisa, have undersigned the purchase contract with the Turkish government for distribution grid company Baskent EDAS in Ankara.