English Edition

Greece Faces a Difficult Task in Minimizing Effects of Global Crisis

Δευ, 22 Σεπτεμβρίου 2008 - 15:08

The Greek economy has navigated the troubled waters of the international financial crisis much better than its peers in the eurozone and elsewhere but it will feel the impact more than estimated a few months ago, as growth momentum is receding.

Turkey to Relaunch Tender for $5 bln Coal-Fired Power Plant

Δευ, 22 Σεπτεμβρίου 2008 - 15:00

Turkey’s state-run Electricity Production Corporation (EUAS) will relaunch a coal-fired power plant tender worth $5 billion under amended terms next month, the company’s chief executive Sefer Butun told Reuters yesterday. The Electricity Production Corporation canceled the previous tender after it considered too high the price the bidders wanted for electricity produced in the Afsin Elbistan C and D units.

Russian Gas

Δευ, 22 Σεπτεμβρίου 2008 - 14:52

The International Energy Agency, an adviser to oil and gas-consuming nations, said Russia may postpone plans to raise domestic natural gas prices, potentially stalling investment in increasing production. “In the context of inflationary pressures, price reform could be postponed,” the IEA said yesterday in its Natural Gas Market Review 2008.

Bulgaria Puts Together 4-bln-euro Power Firm

Δευ, 22 Σεπτεμβρίου 2008 - 14:48

Bulgaria yesterday merged its biggest energy companies into a 4-billion-euro holding structure to strengthen its position in the European market. The move, which Sofia first announced last year, comes at a time when the European Union is pushing for greater energy market liberalization and competition.

KazMunaiGas,Shell To Run Kashagan Oil Production - Kazakh Min

Δευ, 22 Σεπτεμβρίου 2008 - 12:44

Kazakh state oil and gas company KazMunaiGas will set up a joint venture with Royal Dutch Shell PLC (RDSA) to manage oil production at the giant Kashagan oil field in the Caspian Sea, the Kazakh Energy Minister has said according to a statement on the government Web site Friday.

New Edison LNG Terminal Cuts Dependence On Russia

Δευ, 22 Σεπτεμβρίου 2008 - 12:42

Edison SpA (EDN.MI) said Saturday a new offshore regasification terminal reached Italy, opening a new natural gas route into the European Union and curbing Italy's dependency on Russian imports.

Polish Min: NATO Must Review Relations With Russia

Δευ, 22 Σεπτεμβρίου 2008 - 12:41

The North Atlantic Treaty Organization must review its relations with Russia and update the alliance's defense strategy in the light of the Georgia crisis, Poland's defense minister said in comments published Friday.

Berlusconi Launches Nuclear And Renewable Energy Plan

Δευ, 22 Σεπτεμβρίου 2008 - 12:39

Italy's Prime Minister Silvio Berlusconi announced Saturday the introduction of "a national energy plan" paving the way for a controversial return to nuclear energy, ANSA news agency reported.

Russia Rejects New UN Measures Against Iran

Δευ, 22 Σεπτεμβρίου 2008 - 12:37

Russia is against new U.N. Security Council measures targeting Iran, the foreign ministry said in a statement Saturday.

Iran Appoints New Execs At National Gas, Petrochem Cos

Δευ, 22 Σεπτεμβρίου 2008 - 11:58

Iranian oil minister Gholam Hossein Nozari has appointed new managing directors at Iran's national gas and petrochemical companies, a spokesman from the National Iranian Gas Co. said Sunday.

Iraq,Shell To Sign $3B-$4B Gas Devt Deal Mon-Spokesman

Δευ, 22 Σεπτεμβρίου 2008 - 11:57

Iraq will sign Monday a preliminary gas deal with Royal Dutch Shell PLC (RDSB) worth $3 billion-$4 billion to jointly develop domestic gas infrastructure in the country's south, an Iraqi Oil Ministry spokesman told Dow Jones Newswires.

DJ Iraq Aug Oil Revenues Slip By 20.6% On Month

Δευ, 22 Σεπτεμβρίου 2008 - 11:55

Iraq's revenues from crude oil sales were $5.55 billion in August, 20.6% less than what Baghdad earned in the previous month because of a drop in world oil prices, an Iraqi Oil Ministry statement said Sunday.

CEZ Placed EUR6 Million In 30-Yr Notes To One Investor

Δευ, 22 Σεπτεμβρίου 2008 - 11:53

Czech power company CEZ AS (BAACEZ.PR) said Monday it issued EUR6 million zero coupon note with a 30-year maturity to one investor.