English Edition

Ukraine PM Will OK Odessa-Brody Pipe Flow Reverse

Πεμ, 25 Σεπτεμβρίου 2008 - 11:53

Ukrainian Prime Minister Yulia Tymoshenko said Wednesday she would sign a ruling to reverse the flow of the Odessa-Brody pipeline only after the signing of accords for supplies of oil to be transported through the pipeline, the Prime-Tass news agency reports.

Portugal EDP Freezes Solar Projects In Spain

Πεμ, 25 Σεπτεμβρίου 2008 - 11:52

Portuguese energy company Energias de Portugal SA (EDP.LB), or EDP, has frozen EUR200 million in solar energy projects in Spain due to changes in solar subsidies there, the Diario Economico newspaper says Wednesday.

Italy's Saipem Signs 3 Contracts Worth $830 Mln

Πεμ, 25 Σεπτεμβρίου 2008 - 11:50

Italy's Saipem SpA (SPM.MI) said Thursday it signed three new contracts for underwater drilling for a total value of $830 million.

Iran NIOC Exec: Crude Below $100/Bbl May Affect Sector Invest

Πεμ, 25 Σεπτεμβρίου 2008 - 11:49

Oil prices below $100 a barrel would make international investment in the upstream oil sector less attractive and lead to a decline in oil revenue that could reduce Iran's investment in its oil industry, a top Iranian oil official said Wednesday.

BP Eyes CPC-Stake Sale,Or Giving It In Trust To Lukoil

Τετ, 24 Σεπτεμβρίου 2008 - 12:50

BP PLC (BP) is going to pull out of the Caspian Pipeline Consortium either by selling its stake or by giving it in trust to Russia's major OAO Lukoil (LKOH.RS) over the dispute on the expansion of the pipeline, a person familiar with the matter told Dow Jones Newswires Tuesday.

Kazakh Oil, Gas Indus Poised For Growth

Τετ, 24 Σεπτεμβρίου 2008 - 12:49

Fitch Ratings says in a special report published today that the Kazakhstani oil and gas industry is poised for strong growth, albeit with certain operational and financial risks inherent in its development.

Force Majeure On Some BTC Azeri Exports

Τετ, 24 Σεπτεμβρίου 2008 - 12:47

State Oil Company of Azerbaijan has declared force majeure on some shipments of Azeri crude from the Baku-Tbilisi-Ceyhan oil pipeline following partial shutdown of a large oil field in Azerbaijan, a source at the state oil company told Dow Jones Newswires Tuesday.

Ukraine Pres: EU Integration, Secure Gas Transit Priorities

Τετ, 24 Σεπτεμβρίου 2008 - 12:45

Ukraine's first policy priority is to integrate into the European Union, said President Viktor A. Yushchenko Tuesday in comments at the Council on Foreign Relations in New York.

Russia Opposes Planned 6-Country Meeting On Iran

Τετ, 24 Σεπτεμβρίου 2008 - 12:44

Russia is against a planned meeting Thursday of the six powers negotiating on Iran's nuclear program, the foreign ministry said in a statement that referred to U.S. attempts to "punish" Moscow.

Iran Aims To Export 38% Of 1.45 BCM/D Gas Output In 2017

Τετ, 24 Σεπτεμβρίου 2008 - 12:42

Iran is expected to more than triple its natural gas production in 2017 and will export more than a third of this output, an executive from the country's tanker company said Wednesday.

Iran Pres: Will Resist Western Bullying On Nuclear Tech

Τετ, 24 Σεπτεμβρίου 2008 - 12:41

Iran will "resist" Western bullies attempting to prevent the country from acquiring civilian nuclear technology, President Mahmoud Ahmadinejad said at the United Nations Tuesday.

EDF Open To UK Nuclear Partnerships Other Than Centrica

Τετ, 24 Σεπτεμβρίου 2008 - 12:39

French state-controlled power giant Electricite de France (1024251.FR), which plans to take over U.K. nuclear operator British Energy PLC (BGY.LN), would consider partnerships with other companies, as well as Centrica PLC (CNA.LN), for building atomic plants in the U.K., EDF Chief Executive Pierre Gadonneix said Wednesday.

Shell, Kazakh State Co To Oversee Kashagan Output-Eni

Τρι, 23 Σεπτεμβρίου 2008 - 12:07

Royal Dutch Shell PLC (RDSB.LN) and Kazakhstan state oil company KazMunaiGas, or KMG, will operate the big Kashagan oilfield project once most of the work for the field's development is complete in four years, Italy's Eni SpA (E) said Monday.