English Edition

Lukoil, Conoco Start Output At Timan Pechora Field

Παρ, 29 Αυγούστου 2008 - 13:00

Russian oil major OAO Lukoil (LKOH.RS) said Thursday it has started the first production line at its Yuzhno Khylchuyu field located in the north of the Timan Pechora oil and gas province.

Oligopoly in the Fuel Market

Παρ, 29 Αυγούστου 2008 - 11:42

Greece is the second most expensive country in Europe after the Netherlands with regard to liquid fuel prices. As the Competition Commission has just shown in a report, the burden placed on Greek consumers is due to the distortions prevailing in the market caused by the lack of competition among all businesses involved in the trade, all the way from the refineries to the multinational commercial companies, and from transporters to gas stations.

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

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

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

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

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 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

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

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

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.