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Pipeline Resumes

Δευ, 25 Αυγούστου 2008 - 16:29

The Baku-Tbilisi-Ceyhan pipeline, which carries crude oil from Azerbaijan to Turkey via Georgia, may resume full operations within days after a fire halted exports, a BP Plc spokeswoman said. “We are carrying out integrity testing on the pipeline,” Tamam Bayatly said by telephone from Baku on Saturday. “As part of that, we are ramping up the flow into the line. That will go on until we can reach full production next week

Gas Wagons Explode In Uzbek City

Δευ, 25 Αυγούστου 2008 - 12:05

A series of powerful blasts rang out in the Uzbek city of Samarkand late Thursday as eight train wagons of liquefied natural gas accidentally ignited, emergency officials said.

Iran Receives 1st Cargo Of Azeri Crude For Shipment

Δευ, 25 Αυγούστου 2008 - 12:03

The Iranian Oil Terminals Co. on Sunday received its first cargo of crude oil from Azerbaijan to be transported via Iran, the Oil Ministry's Shana News Website reported Sunday evening.

Oil Firms Say Azerbaijan-Turkey Pipeline Back In Service

Δευ, 25 Αυγούστου 2008 - 12:01

A major fire-damaged oil pipeline carrying crude from Azerbaijan to Turkey was up and running again Monday after repairs, industry sources told AFP.

Iran Exports Rise 39% In 1Q, Led By Petrochemicals

Δευ, 25 Αυγούστου 2008 - 11:58

Iran's exports increased by 39% during the first quarter of the current Iranian year, the semi-official Fars News Agency reported Friday, citing the head of the export commission for Iran's Chamber of Commerce, Industries and Mines.

Iran To Raise Oil Production To 4.3 Mln B/D By Mar '09

Δευ, 25 Αυγούστου 2008 - 11:56

Iran is currently producing 4.23 million barrels of oil a day and will raise production to 4.3 million barrels a day by the end of the Iranian year, the Oil Ministry's Shana news agency reported Sunday, citing the managing director of the National Iranian Oil Company (NIOC).

Iran Designing 2nd Nuclear Power Plant

Δευ, 25 Αυγούστου 2008 - 11:53

Iran has picked a location and is designing a new 360-megawatt nuclear power plant, Reuters reported Sunday, citing a senior Iranian atomic official.

Gazprom Bd Approves Plan To Consolidate Electricty Stakes

Δευ, 25 Αυγούστου 2008 - 11:52

Russian natural gas monopoly OAO Gazprom (GAZP.RS) Friday said its board has approved a plan to consolidate its electricity stakes within a single holding company.

Iran Issues Tender For Construction Of Liquid Gas Plant

Δευ, 25 Αυγούστου 2008 - 11:50

National Iranian South Oil Co., or NISOC, has invited companies to bid for the contract to build a liquid gas plant in southern Iran, the oil ministry's official Shana Web site reported Monday.

Russian Upper House Recognizes Georgian Regions' Independence

Δευ, 25 Αυγούστου 2008 - 11:49

Russia's upper house of parliament Monday voted in support of recognizing the independence of two Georgian regions, Abkhazia and South Ossetia.

Moscow Prosecutor Challenges Expulsion Of TNK-BP CEO

Δευ, 25 Αυγούστου 2008 - 11:47

The Moscow court that banned the chief executive of Anglo-Russian oil producer TNK-BP Holding (TNBP.RS) from office broke with proper legal procedure, the Moscow prosecutor's office ruled Friday, business daily Vedomosti reported.

Public Debt Figure Overruns Target

Παρ, 22 Αυγούστου 2008 - 16:41

Greece’s public debt in the first half of the year reached 252 billion euros, exceeding the government’s annual target, as data released yesterday showed a large portion of the debt burden will be further pushed onto future generations.

Positive response to price restraint

Παρ, 22 Αυγούστου 2008 - 16:39

Falling international oil prices are paving the way for businesses to show price restraint in the autumn in a move expected to help rein in Greece’s inflation, the president of the country’s chambers of commerce said yesterday. In response to rising international oil prices pushing up inflation to 10-year highs over the last few months, the Development Ministry has been calling on businesses to implement price freezes in order to show “sensitivity to the community.”