English Edition

BP's 4Q Net Loss From TNK-BP At $682 Mln On Prices

Τρι, 3 Φεβρουαρίου 2009 - 13:03

BP PLC (BP) Tuesday said its Russian joint-venture TNK-BP Holding (TNBP.RS) swung to a net loss for the fourth quarter of 2008, while oil production remained almost unchanged.

Clinton, Lavrov Vow To Boost Russia-US Ties

Τρι, 3 Φεβρουαρίου 2009 - 13:02

U.S. Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov vowed to boost bilateral ties in telephone talks, the Russian Foreign Ministry said Tuesday.

Greek-Bulgarian Pipeline on Schedule

Δευ, 2 Φεβρουαρίου 2009 - 15:27

Construction of a trans-Balkan pipeline to transport Russian crude oil from Bulgaria to Greece will be complete by 2012, in line with original plans, according to Development Minister Costis Hatzidakis. «The program is continuing smoothly and up until now there have been no delays,» said the minister after meeting with senior officials from Trans Balkan Pipeline that will build and operate the pipeline.

Azerbaijan Is Losing Patience On Pipeline

Δευ, 2 Φεβρουαρίου 2009 - 12:51

Azerbaijan won't wait much longer for Europe to build a planned gas pipeline to the Caspian Sea aimed at cutting the continent's deep dependence on supplies from Russia, Ilham Aliyev, president of the energy-rich Caucasus nation, said Friday.

E.ON CEO: To Cut Retail Gas Prices By Up To 20% Apr 1

Δευ, 2 Φεβρουαρίου 2009 - 12:49

E.ON AG (EOAN.XE) plans to cut retail gas prices in Germany by up to 20% from April 1, Chief Executive Wulf Bernotat told daily Frankfurter Allgemeine Zeitung in an interview published Monday.

Gazprom To Lose $2.8B In 1Q On Ukraine

Δευ, 2 Φεβρουαρίου 2009 - 12:48

Gazprom (GAZP.RS) could lose $2.8B on the Ukrainian gas deal in 1Q '09, as trading margins from the purchase of Central Asian gas and its resale to Ukraine will halve along with a reduction in gas trading volumes, Goldman Sachs says.

Leaders Back International Liquidity Facility

Δευ, 2 Φεβρουαρίου 2009 - 12:47

Global leaders meeting at the World Economic Forum this weekend have put forward plans to establish an international liquidity facility to prevent against - rather than mop up after - economic collapse.

Russian-Led Group Lowers Nuclear Power Offer By 28%-30%

Δευ, 2 Φεβρουαρίου 2009 - 12:42

A Russian-led consortium, which was the sole bidder in a tender to build and operate Turkey's first nuclear power station, has reduced its offer to sell electricity by between 28% and 30%, according to Turkish daily Sabah Monday, the Ihlas News Agency, or IHA, reported.

Iran Oil Min: Plan 3.3M B/D Domestic Refining Capacity

Δευ, 2 Φεβρουαρίου 2009 - 12:41

Iran's oil minister said the Islamic republic plans to almost double refining capacity to 3.3 million barrels a day, the oil ministry's official Shana news Web site reports Sunday.

Lukoil Warns High Taxes Hurt Russia's Oil Output

Δευ, 2 Φεβρουαρίου 2009 - 12:39

Russian oil production, which declined last year for the first time in a decade, will keep falling unless the Kremlin cuts punitively high taxes on oil companies, a senior Russian oil-industry executive said.

Russia Jan Oil Output 9.70M B/D, Dn 0.9% On Yr

Δευ, 2 Φεβρουαρίου 2009 - 12:38

Russia produced an average of 9.70 million barrels a day of crude oil and condensate in January, the Interfax news agency reported Monday, citing Ministry of Industry and Energy statistics.

EU's Barroso To Meet Russia's Putin In Moscow Next Week

Παρ, 30 Ιανουαρίου 2009 - 17:06

European Commission President Jose Manuel Barroso will lead a delegation to Moscow next week for talks with Russian officials on the economic crisis and the recent gas supply shutdown, a spokesman said Thursday.

EU Energy Invest Plan Is Inadequate For Italy Projs

Παρ, 30 Ιανουαρίου 2009 - 17:02

The Italian government is unsatisfied of the amount set aside by the European Commission in its proposed spending on energy projects in the Mediterranean country, Industry Minister Claudio Scajola said Thursday, threatening not to vote for its approval.