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PPC Slides Into the Red as Fuel Costs Rise

PPC Slides Into the Red as Fuel Costs Rise

Παρ, 29 Αυγούστου 2008 - 11:38

Public Power Corp., Greece’s biggest electricity producer, reported a bigger first-half loss than analysts expected as it took a charge for carbon emission permits and as fuel costs rose. The shares fell the most in two months. The net loss was 111.8 million euros ($164.9 million), compared with a profit of 99.4 million euros a year earlier, according to an e-mailed statement from the Athens-based company.

Georgian Crisis Casts Shadow Over Central Asian Summit

Georgian Crisis Casts Shadow Over Central Asian Summit

Πεμ, 28 Αυγούστου 2008 - 12:04

Russian President Dmitry Medvedev and Chinese President Hu Jintao joined Central Asian leaders Thursday in the Tajik capital for a summit overshadowed by Moscow's standoff with the West.

Heard On The Street: In Cheap Seats: Gazprom

Heard On The Street: In Cheap Seats: Gazprom

Πεμ, 28 Αυγούστου 2008 - 12:02

'There are no winners from this conflict" was the public verdict of Sergei Lavrov, Russia's foreign minister, on his country's war with Georgia. But what about OAO Gazprom, the Kremlin-controlled energy company?

Russian Economy May Pay Price For Georgia Standoff

Russian Economy May Pay Price For Georgia Standoff

Πεμ, 28 Αυγούστου 2008 - 12:01

Russia's economy and financial markets may pay the price for Moscow's recognition of breakaway republics Abhazia and South Ossetia, which came over the protests of U.S. and European governments.

West Does Not Want War With Russia

West Does Not Want War With Russia

Πεμ, 28 Αυγούστου 2008 - 11:59

The West doesn't want all-out war with Russia, U.K. Foreign Secretary David Miliband said Thursday, while underlining that the Georgian crisis ends the period of post-Cold War calm in Europe.

Iran Says OPEC Doesnt Need To Cut Output At Sept Mtg

Iran Says OPEC Doesn't Need To Cut Output At Sept Mtg

Πεμ, 28 Αυγούστου 2008 - 11:56

Organization of Petroleum Exporting Countries don't need to raise output at their upcoming September meeting, a senior National Iranian Oil Co. official said Wednesday, the oil ministry's official Shana Web site reported.

E.ON Ruhrgas CEO: Business Not Hit By Russia-Georgia Crisis

E.ON Ruhrgas CEO: Business Not Hit By Russia-Georgia Crisis

Πεμ, 28 Αυγούστου 2008 - 11:53

E.ON Ruhrgas AG's chief executive Bernhard Reutersberg Wednesday said the current diplomatic rift between Europe and Russia over the conflict in Georgia hasn't hit the company's business in Russia but changed the "climate" in which business is done.

Suez Environnement 1H Net Pft -14% On Launch Costs

Suez Environnement 1H Net Pft -14% On Launch Costs

Πεμ, 28 Αυγούστου 2008 - 11:51

French utility Suez Environnement (SEV.FR) said net profit for the first half of 2008 fell 14%, hindered by costs related to its creation as a separate company, and confirmed its 2008-2010 guidance.

OMV To Buy 60% In Turkish Power Co, Builds 890MW Power Plant

OMV To Buy 60% In Turkish Power Co, Builds 890MW Power Plant

Πεμ, 28 Αυγούστου 2008 - 11:49

Austrian oil and gas company OMV AG (OMV.VI) Thursday said it has taken steps to enter the Turkish electricity market with the acquisition of a 60% stake in electricity provider and producer Borasco Elektrik Ueretim Sanayi ve Ticaret A.S. and the construction of a EUR500 million gas-fired power plant.

Greek Parliament To Begin Ratifying Gas Pipeline

Greek Parliament To Begin Ratifying Gas Pipeline

Τετ, 27 Αυγούστου 2008 - 13:28

Greece's parliament this week will begin the ratification process for the South Stream pipeline to pass through the country bringing Russian gas to southern Europe, a government spokesman said Tuesday.

Russian Warships Arrive In Abkhazia

Russian Warships Arrive In Abkhazia

Τετ, 27 Αυγούστου 2008 - 13:23

Russian warships arrived in the rebel Georgian region of Abkhazia Wednesday after Moscow stepped up criticism of North Atlantic Treaty Organization naval movements in the region, news agencies reported, citing a top commander.

Russia Could Have Sights Set On Ukraine, Moldova

Russia Could Have Sights Set On Ukraine, Moldova

Τετ, 27 Αυγούστου 2008 - 13:17

Russia could have its sights set on Ukraine and Moldova after recognising the independence of South Ossetia and Abkhazia, French Foreign Minister Bernard Kouchner said Wednesday.

Iraq Resumes Kirkuk Crude Exports From Turkey

Iraq Resumes Kirkuk Crude Exports From Turkey

Τετ, 27 Αυγούστου 2008 - 13:16

Iraq resumed Wednesday crude oil exports from Kirkuk oil fields via the Turkish Mediterranean port of Ceyhan after a one-day suspension, a Middle East shipping agent said.

Istanbul Gas Distributor Targets 4M Users By End-08

Istanbul Gas Distributor Targets 4M Users By End-08

Τετ, 27 Αυγούστου 2008 - 13:14

Istanbul's municipal gas distribution company IGDAS hopes to reach 4 million subscribers by the end of this year, General Manager Bilal Aslan said Wednesday, the Ihlas News Agency, or IHA, reported.

Oil Mkt Fundamentals May Ease In 2H 08, 2009

Oil Mkt Fundamentals May Ease In 2H 08, 2009

Τετ, 27 Αυγούστου 2008 - 13:13

International Energy Agency executive director Nobuo Tanaka said Wednesday he sees a potential easing in oil-market fundamentals in the second half of 2008 and into 2009, before a renewed tightening after that.