English Edition

Ukraine PM Asks President's Party To Rejoin Pro-West Coalition

Πεμ, 4 Σεπτεμβρίου 2008 - 12:47

Ukrainian Prime Minister Yulia Tymoshenko called Wednesday on the party of President Viktor Yushchenko to return to the ruling pro-Western coalition hours after it collapsed.

Brazil Min Confirms Iran Invitation To Join OPEC

Πεμ, 4 Σεπτεμβρίου 2008 - 12:45

Brazilian Mines and Energy Minister Edison Lobao confirmed Wednesday that Iran had extended an invitation for the country to join the Organization of Petroleum Exporting Countries, the Estado news agency reported Wednesday.

BP Signs Pact Over TNK-BP Stake, Dudley To Leave By Yr End

Πεμ, 4 Σεπτεμβρίου 2008 - 12:43

BP said Thursday an overhaul of the governance structure TNK-BP has been agreed in principle by the two main owners, BP and Alfa Access-Renova (AAR).

Algeria's Sonatrach Unit To Acquire 2 LPG Carriers

Πεμ, 4 Σεπτεμβρίου 2008 - 12:37

Algeria-based Sonatrach's fully-owned unit Hyproc Shipping Co. signed an agreement with Korean Hyundai Heavy Industries for the construction of two liquefied petroleum gas, or LPG, carriers, Algeria official news agency, Agence Presse Service, reported Wednesday.

Iraq Expects 25,000 B/D From China Deal In 3 Yrs And Rising

Πεμ, 4 Σεπτεμβρίου 2008 - 12:28

Iraq expects to produce up to 25,000 barrels a day of crude oil from Al Ahdab oil field which was recently awarded to a Chinese company, the Iraqi government said in a statement.

EDF Deal With British Energy "Imminent"

Πεμ, 4 Σεπτεμβρίου 2008 - 12:23

State-controlled utility Electricite de France SA (1024251.FR) could soon conclude a deal to acquire British Energy Group PLC (BGY.LN), French business daily La Tribune reports Thursday, citing unspecified sources.

Turk Power Hike

Πεμ, 4 Σεπτεμβρίου 2008 - 12:17

Turkish power provider Tetas has sought a 34-percent increase in wholesale prices from October 1, which will prompt a 10-15-percent rise in consumer power prices, a Turkish Energy Ministry source said yesterday. An increase in Turkish power prices at the start of July had exerted inflationary pressures in Turkey.

Energy Exploration

Πεμ, 4 Σεπτεμβρίου 2008 - 12:16

Bosnia’s largest engineering group, Energoinvest, issued an international tender yesterday seeking partners to explore potential natural gas and oilfields in the Muslim-Croat section of the country. Record crude prices have prompted the government to revive oil and gas exploration plans dating back to before the 1992-95 war, when US and British researchers found oil deposits in the country’s north and south.

Growth Slows in Second Quarter

Πεμ, 4 Σεπτεμβρίου 2008 - 12:10

Greek economic growth continued to decelerate in the second quarter of the year, sliding to 3.5 percent from 3.6 percent in the first quarter, according to official data of the National Statistics Service (NSS) released yesterday. Despite the resilience of economic growth in Greece when compared to its fellow eurozone members, it is increasingly being affected by the international crisis.

Romanian Farmers Demand 50 Percent Cut in Fuel Prices

Πεμ, 4 Σεπτεμβρίου 2008 - 12:08

About a thousand farmers protested yesterday across Romania, driving into the capital with their tractors and trucks to demand a drastic cut in fuel prices, unions said. “We want a 50-percent cut in oil prices for farmers,” the president of the federation of farmers’ unions Agrostar, Nicolae Stefan, told AFP.