English Edition

Iraq Envoy: Oil Prices Drop To Have Serious Budget Impact

Τετ, 17 Δεκεμβρίου 2008 - 16:42

Iraq's 2009 budget is facing a serious shortfall with oil prices hovering at around half the government's expected level, the country's envoy to the U.S. said Tuesday.

Russia To Sell More Arms To Iran As Helps Stability

Τετ, 17 Δεκεμβρίου 2008 - 16:40

Russia will continue arms sales to Iran because they help foster stability in the Middle East, a senior Russian official said Wednesday, quoted by the RIA Novosti news agency.

Sonatrach Head: In Talks With Gazprom On Russia Opportunities

Τετ, 17 Δεκεμβρίου 2008 - 16:39

Sonatrach is in talks with OAO Gazprom (GAZP.RS) over possible natural gas opportunities, the head of the Algerian state oil company said Tuesday.

Gazprom Rethinks '09 Budget,Inquires About State Help

Τετ, 17 Δεκεμβρίου 2008 - 16:37

Russian gas monopoly OAO Gazprom (GAZP.RS) is reconsidering its recently-proposed budget for 2009 and has inquired about receiving financial support from the state, business daily Vedomosti reported Wednesday citing several unnamed sources.

Gazprom May Reduce Stakes In Investment Projects - Report

Τρι, 16 Δεκεμβρίου 2008 - 17:51

Russia's OAO Gazprom (GAZP.RS) is prepared to reduce its stakes in some projects in exchange for additional investment from partners, the Kommersant daily reported Tuesday citing an unnamed source close to the company's board.

6 Powers, Arab Countries To Meet On Iran Nuclear Faceoff

Τρι, 16 Δεκεμβρίου 2008 - 17:49

Ministers from the six nations involved in talks over Iran's nuclear program will meet Tuesday at the United Nations with representatives of several Arab countries, diplomatic sources said Monday.

GE Signs $3 Bln Deal With Iraq For 7000 MW Of Power

Τρι, 16 Δεκεμβρίου 2008 - 17:47

General Electric Co. (GE) said Tuesday it signed $3 billion deal with Iraq to help the country boost power generation capacity by as much as 7,000 megawatts.

OPEC Should Cut Output By At Least 2 M B/D-Iran OPEC Delegate

Τρι, 16 Δεκεμβρίου 2008 - 17:46

The Organization of Petroleum Exporting Countries should agree to cut its oil output by at least 2 million barrels a day when it meets Wednesday in Algeria, an Iranian OPEC delegate said Tuesday.

Gazprom Awarded Tender For Algeria's El Assel Field

Τρι, 16 Δεκεμβρίου 2008 - 17:45

Russia's OAO Gazprom (GAZP.RS) said Monday it has been awarded a tender to explore Algeria's El Assel field, which holds an estimated 30 million tons, or 220 million barrels, of oil.

Gazprom Neft 3Q Net Pft Up 67% On Prices, Refining

Τρι, 16 Δεκεμβρίου 2008 - 17:41

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), said Monday its third-quarter net profit increased 67% on year, propelled by the favorable price environment and growth in the refining segment.

Serbia Deputy PM Mulls Govt Reshuffle Over Russia Energy Rift

Τρι, 16 Δεκεμβρίου 2008 - 17:40

Serbia's deputy prime minister said Tuesday that a government crisis over a Russian energy deal could force a coalition reshuffle involving a partnership with a newly formed party of ex-Radicals.

Russia Official: Russia May Have Talks On OPEC Entry

Τρι, 16 Δεκεμβρίου 2008 - 17:38

Russia will likely discuss the possibility of entry into the Organization of Petroleum Exporting Countries during meetings with OPEC members this week in Oran, a Russian official said Tuesday.

RWE Exec Determined To Find Opportunities In Current Crisis

Τρι, 16 Δεκεμβρίου 2008 - 17:23

RWE AG (RWE.XE) expects there will be plenty of growth opportunities in the European energy sector despite the current recessionary tendencies and hopes to find growth opportunities in the financial crisis.