English Edition

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

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.

Georgian Pres: Russia Seeking To Change Borders By Force

Τετ, 27 Αυγούστου 2008 - 13:26

Georgia's President Mikhail Saakashvili on Tuesday accused Russia of seeking "to change Europe's borders by force" after Moscow recognized two Georgian breakaway regions.

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

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

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

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

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.

Czech CEZ To Invest EUR1.1 Bln In Romanian Wind Power Farm

Τετ, 27 Αυγούστου 2008 - 13:11

Czech power utility CEZ AS (BAACEZ.PR) said Wednesday it will invest EUR1.1 billion in a wind farm project in Romania that it has bought from Continental Wind Partners LLC.

E.ON Confirms Revamp Plans, To Cut 1,800 Jobs In Germany

Τετ, 27 Αυγούστου 2008 - 13:10

German utility E.ON AG's (EOAN.XE) energy unit E.ON Energie Wednesday confirmed it plans to restructure its distribution operations, which will lead to 1,800 job cuts in Germany.

EDF Subsidiary To Seek 15% Tariff Hike

Τετ, 27 Αυγούστου 2008 - 13:09

French electricity distribution network ERDF, a subsidiary of state controlled utility Electricite de France (1024251.FR), is to ask for a 15% hike in distribution tariffs, ERDF's board chairman Michel Francony said in an interview published Wednesday.

Iran Oil Min: Iran To Improve Cooperation With Gazprom

Τρι, 26 Αυγούστου 2008 - 12:10

Iran is looking to strengthen its ties with Russia by improving cooperation with energy company OAO Gazprom (GAZP.RS), Iran's oil minister said Monday, the Oil Ministry's Shana News Agency reported.

Iran OPEC Governor: Mkt Is Not Balanced, There Is Oversupply

Τρι, 26 Αυγούστου 2008 - 12:08

Organization of Petroleum Exporting Countries members favor a balanced crude oil market and could still decide on rolling over or cutting output at their upcoming meeting in Vienna in early September, Iran's OPEC governor said Tuesday.