English Edition

Azerbaijan Votes Wed; Walks Tightrope Between Russia, US

Τρι, 14 Οκτωβρίου 2008 - 13:20

The war in Georgia created new dilemmas for its oil-rich neighbor Azerbaijan, which has walked a tightrope between Moscow and Washington while dealing with a simmering ethnic conflict of its own.

Iran Scraps Unsigned Gas Projects To Push Pipeline Plans

Τρι, 14 Οκτωβρίου 2008 - 13:18

Iran is to scrap a number of liquefied natural gas projects in order to expand its capacity to export gas by pipeline, the oil ministry's Shana agency reported Monday.

Iraq Opens Door To Foreign Oil Bids

Τρι, 14 Οκτωβρίου 2008 - 13:16

Iraq opened the doors to foreign investment in its vast oil industry Monday, as it revealed the terms for contracts in its first round of oil bidding since the U.S.-led invasion of 2003.

Kuwait Petroleum Corp Says Has No Iran Gas Deal Signed

Τρι, 14 Οκτωβρίου 2008 - 13:15

Kuwait Petroleum Corp., or KPC, has not finalized a contract with Iran to import about 1 billion cubic feet a day of gas to Kuwait from 2011, state-run Kuna news agency reported Monday, citing Jamal Al Nouri, KPC's managing director of Statistics.

Russian Govt Promises $9 Bln Support To Oil Majors

Τρι, 14 Οκτωβρίου 2008 - 13:14

The Russian government has promised the country's four largest oil and gas firms $9 billion to help refinance short-term foreign debt, the Kommersant daily reported Tuesday, citing people familiar with the matter.

GDF Suez: Nobody Can Say What Impact Of Fincl Crisis Will Be

Τρι, 14 Οκτωβρίου 2008 - 13:06

The chief executive of French utility GDF Suez SA (GSZ.FR) said Tuesday it was too early to gauge the potential impact of the financial crisis.

Eni, Sonangol Make New Oil Discovery Offshore Angola

Τρι, 14 Οκτωβρίου 2008 - 13:05

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it has made a new oil discovery in offshore Angola Block 15/06 with Sonangol, adding it confirms the block's "high mineral potential."

UK-France Power Link To Be Halved To 1,000MW Thursday

Τρι, 14 Οκτωβρίου 2008 - 13:02

Capacity on the U.K.'s 2,000-megawatt interconnector power link with France is to be halved from 0800 GMT to 1500 GMT Thursday during an investigation into and repairs on a fault on the U.K. side, French operator RTE said Tuesday.

Kazakh Govt To Use Up To $10B To Stabilize Economy

Δευ, 13 Οκτωβρίου 2008 - 15:55

Kazakh President Nursultan Nazarbayev told the government Monday it could use up to $10 billion from the $27.5 billion national oil fund in the next two years to stabilize the slowing economy, Kazakh state news agency Kazinform reported.

Kazakh State Oil Co Wants Stake In Karachaganak Field

Δευ, 13 Οκτωβρίου 2008 - 15:54

The state-owned energy company of Kazakhstan, KazMunaiGaz, wants a stake in the Karachaganak gas and condensate field operated by BG Group PLC (BG.LN), U.K. newspaper The Times reports Monday.

Iran Invites Foreign Cos To Invest In Oil, Gas Sectors

Δευ, 13 Οκτωβρίου 2008 - 15:52

Iranian Foreign Minister Manouchehr Mottaki invited Saturday foreign states and foreign companies to invest in his country's oil and gas projects, the Iranian news agency Irna reports Saturday.

Russia Fin Min:Emerging Economies Will See Slower Growth

Δευ, 13 Οκτωβρίου 2008 - 15:51

Russia and other emerging markets won't escape the blowback from the global financial crisis and Russia will likely face slower growth than expected, its finance minister said Sunday.

Lithuania Votes To Delay EU-agreed Nuclear Shutdown

Δευ, 13 Οκτωβρίου 2008 - 15:38

Lithuanians overwhelming voted "yes" in a referendum to delay the European Union-agreed shutdown of a controversial nuclear plant which provides the bulk of their power, results showed Monday.