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CNPC-run PetroKazakhstan To Pay $466 Mln Fine In Back Tax

Παρ, 27 Ιουνίου 2008 - 05:28

Kazakh courts have upheld the Finance Ministry's claims against PetroKazakhstan for 56.3 billion tenge ($466 million) in back taxes on excess profits, a spokeswoman for the Tax Committee said Friday.

Bulgaria, Hungary Push Nabucco Gas Pipeline Project

Παρ, 27 Ιουνίου 2008 - 05:26

Bulgaria and Hungary appear to be becoming impatient at slow progress on the E.U.'s flagship Nabucco gas pipeline, with two top officials pressing for action on Friday.

Iran NIOC Official: Oil Prices May Go Even Higher

Παρ, 27 Ιουνίου 2008 - 05:24

Both oil producers and consumers are worried about a potential shortage of oil in the years ahead as demand outpaces supply growth, and it is likely prices will go even higher unless the problem of excess liquidity in the U.S. economy is resolved, a top official from Iran's national oil company said Friday.

Russia's Pres Says New EU-Russia Pact To Be Long-Term

Παρ, 27 Ιουνίου 2008 - 05:23

Russian President Dmitry Medvedev said Friday that the new wide-ranging agreement between Russia and the European Union should be a long-term one.

Gazprom Ups 2008 Gas Output Target To 563 Bln Cubic Meters

Παρ, 27 Ιουνίου 2008 - 05:20

Russia's state gas firm OAO Gazprom (GAZP.RS) has increased its natural gas production forecast for 2008 by 2 billion cubic meters of natural gas to 563 billion cubic meters, or 2.6% more than last year, the company's Chief Executive Alexei Miller said Friday.

OGK-2 Expects 2007 IFRS Results To Show RUB266 Mln Loss

Παρ, 27 Ιουνίου 2008 - 05:18

Russian wholesale generator OAO OGK-2 (OGKB.RS) Friday said it expects its 2007 results, calculated under International Financial Reporting Standards, to show a loss of 266 million rubles ($11.3 million).

Gazprom CEO Says Company Still Undervalued

Παρ, 27 Ιουνίου 2008 - 05:17

Russia's state-controlled gas company OAO Gazprom (GAZP.RS) is still undervalued despite its market capitalization surge in recent years, the company's Chief Executive Alexei Miller said Friday.

Czech CEZ Completes Temelin Expansion Environ Report

Παρ, 27 Ιουνίου 2008 - 05:15

State-run Czech power company CEZ AS (BAACEZ.PR) has completed an environmental impact assessment for the expansion of its Temelin nuclear power plant, newspaper Hospodarske Noviny reports Friday, citing sources close to the government.

Gazprom Expects 2008 Export Revenue Up 43% To $64B

Παρ, 27 Ιουνίου 2008 - 05:14

Russia's state gas company OAO Gazprom (GAZP.RS) expects its 2008 export revenue to reach $64 billion, up 43% from last year, the Prime-Tass news agency reported Friday, citing the company's Chief Executive Alexei Miller.

Bulgarian Parliament to Ratify South Stream in July

Πεμ, 26 Ιουνίου 2008 - 07:40

SOFIA, Bulgaria (AFP)--The Bulgarian government has asked parliament to ratify the South Stream gas pipeline deal with Russia in a vote likely to take place within the next month, the government information service said Thursday.

Radiation Checks

Πεμ, 26 Ιουνίου 2008 - 05:06

Transport Minister Costis Hatzidakis (far right) presented to journalists yesterday a draft bill introducing a national electromagnetic monitoring system that is scheduled to be up and running by 2010.

Moderate Growth for Renewable Energy

Πεμ, 26 Ιουνίου 2008 - 05:06

The development of renewable energy sources (RES) remains limited in Greece, a National Bank of Greece report suggested yesterday, although its share in domestic electricity production has been growing steadily since 1999.

Tax Cuts Could Boost Lukoil Investment $1.8B In '09 -Interfax

Πεμ, 26 Ιουνίου 2008 - 04:25

MOSCOW (Dow Jones)--Russia's OAO Lukoil (LKOH.RS) could boost investments next year by $1.5 billion-$1.8 billion, if new tax breaks are introduced in the country's oil industry, the Interfax news agency said Thursday, citing the company's Chief Executive Vagit Alekperov.