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Baku-Tbilisi-Ceyhan Pipeline Shuts For 3 Days In End-Sept

Τετ, 10 Σεπτεμβρίου 2008 - 12:21

The Baku-Tbilisi-Ceyhan pipeline, or BTC, will be out of operation for two to three days in the end of September due to planned maintenance, Azerbaijan's state oil company Socar said Tuesday.

Azerbaijan Says Hasn't Approved Lukoil, Gaz De France Deal

Τετ, 10 Σεπτεμβρίου 2008 - 12:19

Azerbaijan's state oil company Socar said Tuesday it hasn't been notified about a deal that would see Gaz de France Suez SA (GSZ.FR) acquire a stake of a block in the Azeri sector of the Caspian Sea from Russia's OAO Lukoil (LKOH.RS).

EIA: OECD End 3Q Oil Stocks Seen Near Normal Levels

Τετ, 10 Σεπτεμβρίου 2008 - 12:17

Company-held oil inventories in the major industrialized countries are expected to be near normal levels heading into the fourth quarter as demand slides, the U.S. Energy Information Administration said Tuesday.

Russia Bids To Strengthen OPEC Ties

Τετ, 10 Σεπτεμβρίου 2008 - 12:16

Russia upped the ante in its faceoff with the West by proposing "extensive cooperation" with the OPEC oil cartel, an idea that would stir concerns among big oil-consuming countries like the U.S.

EU Offers Ukraine Closer Ties But No Membership Pledge

Τετ, 10 Σεπτεμβρίου 2008 - 12:14

Ukraine on Tuesday took a step toward closer ties with the European Union but failed to win a pledge of membership in the bloc at a Paris summit overshadowed by the Russia-Georgia conflict.

Russia Begins Pull-out From Georgia

Τετ, 10 Σεπτεμβρίου 2008 - 12:12

Russian troops withdrew Tuesday from a Georgian village near the breakaway region of Abkhazia in the "first sign" of a promised pull-out from the country, the Georgian interior ministry said.

Iran Oil Min: Iran Will Act On Basis Of OPEC Decision

Τετ, 10 Σεπτεμβρίου 2008 - 12:11

Iran's oil minister said Tuesday Iran wouldn't independently change its oil production level to impact falling crude prices, the oil ministry's official Shana news Web site reported Tuesday.

IEA:Global Oil Mkt Fundamentals Likely To Ease In Mos Ahead

Τετ, 10 Σεπτεμβρίου 2008 - 12:00

The International Energy Agency on Wednesday said weaker economic growth and the effects of high oil prices were easing tight world crude market conditions in a report suggesting more energy price relief could be in the offing.

OPEC Makes Deep Quota Cut, Slices 520,000 B/D Off Actual Production

Τετ, 10 Σεπτεμβρίου 2008 - 11:59

OPEC agreed Wednesday to cut oil production by 520,000 barrels a day as part of a broader move to lower its official production targets in a bid to rein in what it terms excess oil on global markets.

UN Experts to Check CO2 System

Τρι, 9 Σεπτεμβρίου 2008 - 15:38

A group of seven United Nations experts arrived in Athens yesterday for a one-week visit aimed at assessing whether Greece is fit to re-enter a greenhouse emissions trading program from which it was suspended by the UN in April.

Turkey Moves to Diversify Gas Supply After Russia Tiff

Τρι, 9 Σεπτεμβρίου 2008 - 15:35

Turkey is seeking to diversify its natural gas imports as increased tensions with its main supplier Russia have raised fears of a shortage in winter. Moscow has established a reputation as a reliable supplier to Ankara by increasing gas supplies to Turkey when Iran cuts its exports to meet domestic demand, a near annual occurance.

Inflation Slows on Energy Prices

Τρι, 9 Σεπτεμβρίου 2008 - 15:30

August index decelerates with a further drop-off expected in the coming months, according to economists Greece’s headline inflation rate eased slightly in August, moving away from a 10-year high, due to falling energy prices, with a further slowdown on the cards in coming months, according to economists.

Metka Awarded Syrian Deal; Shares Jump

Τρι, 9 Σεπτεμβρίου 2008 - 15:25

Greece’s biggest builder of electricity plants Metka and Italy’s Ansaldo Energia have been chosen to build a 650-million-euro, 700-megawatt gas-fired power station in Syria. The news helped send Metka’s stock 8.42 percent higher yesterday to 13.14 euros versus a 4.17 percent rise on the Athens bourse’s benchmark general index.

Kazakhstan's New Extraction Tax Won't Apply To TCO, PSAs

Τρι, 9 Σεπτεμβρίου 2008 - 12:28

Kazakhstan's largest oil producer Chevron Corp.-led (CVX) TengizChevrOil and existing oil production ventures under production sharing agreements will be exempt from new natural resource extraction tax, the Kazakh Economy Minister was quoted by Kazakhstan Today news agency as saying Monday.

New EU-Russia Partnership Talks May Start In October

Τρι, 9 Σεπτεμβρίου 2008 - 12:27

Russia and the European Union could start negotiations on a new partnership talk as soon as October, said Monday French President Nicolas Sarkozy.

Ukraine's Place Is In EU, No Option But To Join

Τρι, 9 Σεπτεμβρίου 2008 - 12:25

Ukraine has no option but to join the European Union eventually, and the bloc should say so to help the country's leaders continue long-term reforms, Kiev's ambassador to Moscow said Monday.