English Edition

The Solar Revolution Starts in Amareleja

Δευ, 16 Φεβρουαρίου 2009 - 10:03

The Alentejo region enjoys more sunlight each year than any other place in Europe. So it's here, in south-east Portugal, that an immense solar power station has been set up, producing more energy than any other in the world. This plant alone meets the needs of 30,000 Portuguese homes.

Burgas - Alexandrοupolis Postponed by 1 Year

Παρ, 13 Φεβρουαρίου 2009 - 18:12

The execution of the project Burgas - Alexandrοupolis is being postponed by 1 year. The beginning of the construction of the petrol pipe Burgas - Alexandrοupolis is planned for the middle of 2010, while its exploitation - for 2012.

CEO Sees Lukoil's '09 Russian Oil Output Up On Yr

Παρ, 13 Φεβρουαρίου 2009 - 14:31

Russian oil major Lukoil Holdings (LKOH.RS) plans to produce 90.8 million metric tons of oil in Russia in 2009, Vagit Alekperov, the company's chief executive, told reporters Thursday, Prime-Tass news agency reports.

Russian Govt: Zero Export Duty On East Siberian Oil

Παρ, 13 Φεβρουαρίου 2009 - 14:30

Russia's government has decided to cancel all export duties on oil produced in East Siberia, the Interfax news agency reported late Thursday citing the country's Energy Minister Sergey Shmatko.

Russia's Gazprom To Raise More Money, May Seek Acquisitions

Παρ, 13 Φεβρουαρίου 2009 - 14:28

Russian natural gas monopoly OAO Gazprom plans to raise 90 billion rubles ($2.6 billion) in the financial markets this year to finance its investment program, and it may also consider acquisitions of assets battered by the financial crisis.

Total Still In South Pars Talks With Iran

Παρ, 13 Φεβρουαρίου 2009 - 14:27

French oil major Total SA's (TOT) head of exploration and production said Thursday that talks with Iran over the South Pars liquefied natural gas project continue but are progressing "very slowly."

Iran Nuclear Arms Bid Unclear

Παρ, 13 Φεβρουαρίου 2009 - 14:25

U.S. intelligence doesn't know whether Iran intends to develop nuclear weapons, but at a minimum Tehran is keeping that option open, the new U.S. intelligence director said Thursday.

Oil Won't Reach $70-$75/Bbl Before 2011

Παρ, 13 Φεβρουαρίου 2009 - 14:24

The man in charge of selling Iraq's oil said Thursday it will take at least two years for crude prices to recover to $70-$75 a barrel, so bad is the global economic outlook.

Total CEO: Costs Are Key Question For Shtokman Investment

Παρ, 13 Φεβρουαρίου 2009 - 14:22

Total SA's (TOT) chief executive Thursday said the key question before it finalizes approval for its planned investment in Russia's Shtokman offshore gas project would be whether it's economical.

Greener Power For PPC Plants

Παρ, 13 Φεβρουαρίου 2009 - 13:31

State-controlled Public Power Corporation (PPC) will be required to drop plans to build anthracite-powered plants and will be obliged to switch to more environmentally friendly methods, Development Minister Costis Hatzidakis said yesterday.

Russian Min Lavrov Welcomes US Offer Of Iran Talks

Παρ, 13 Φεβρουαρίου 2009 - 13:29

MOSCOW (AFP)--Russia Wednesday welcomed offers by the U.S. administration of President Barack Obama to talk with Iran, saying the approach would help efforts to end the nuclear standoff with the West.

Iran Building Seven New Satellites - Minister

Πεμ, 12 Φεβρουαρίου 2009 - 16:57

TEHRAN (AFP)--Iran is building seven new satellites, including three for high orbit positions, the communications minister said Thursday, a week after Iran launched its first satellite amid international concerns.

OSCE Military Monitors To Stay In Georgia Till June 30

Πεμ, 12 Φεβρουαρίου 2009 - 16:56

VIENNA (AFP)--The Organization for Security and Cooperation in Europe announced Thursday it had decided to extend the mandate, which expires next week, of 20 military monitors sent to Georgia last year to oversee a ceasefire with Russia.

Iran Must Abide By Intl Obligations On Nuclear Issue-UK PM

Πεμ, 12 Φεβρουαρίου 2009 - 13:26

LONDON (Dow Jones)--U.K. Prime Minister Gordon Brown Thursday said Iran had to meet its international commitments on its nuclear program.

Turkish President Gul Begins 4-Day Visit To Russia Thu

Τετ, 11 Φεβρουαρίου 2009 - 17:26

ANKARA (AFP)--Turkish President Abdullah Gul will pay a four-day visit to Russia starting Thursday in a bid to boost political and economic ties, his office said Wednesday.

CEZ Finalizes Takeover Of Turkish Power Distributor Sedas

Τετ, 11 Φεβρουαρίου 2009 - 17:24

PRAGUE (Dow Jones)--Czech power company CEZ AS (BAACEZ.PR) Wednesday said that its joint venture with Turkey's Akkok Group has acquired 100% of Sakarya Elektrik Dagitim AS, or Sedas.