English Edition

EU Sets New Antitrust Review Deadline For OMV/MOL Of Sep 18

Δευ, 2 Ιουνίου 2008 - 03:33

The European Commission Monday said it has restarted its antitrust investigation into Austrian energy company OMV AG's (OMV.VI) planned takeover of Hungary's MOL Nyrt (MOL.BU), with a new deadline of Sept. 18.

Gulf Can't Alone Alleviate Oil Mkt Pressures

Δευ, 2 Ιουνίου 2008 - 03:31

Arab Gulf oil producers "can't alone alleviate" the pressure on international oil markets but should open their oil sectors to foreign investment to help match crude supply and demand, U.S. Secretary of Treasury Henry Paulson said Monday.

Czech Opposition Party Seeks To Lower Excise Taxes On Fuels

Δευ, 2 Ιουνίου 2008 - 03:29

The opposition Czech Social Democrat party said Monday it is seeking to cut excise taxes on motor fuels and value added tax on natural gas.

IAEA Chief Urges Full Disclosure From Iran

Δευ, 2 Ιουνίου 2008 - 03:27

U.N. atomic watchdog chief Mohamed ElBaradei demanded "full disclosure" from Iran as his board of governors opened a meeting focused on Tehran's disputed nuclear program, a diplomat said.

Utility Hikes Fuel Inflation

Δευ, 2 Ιουνίου 2008 - 02:27

Ministers may be condemning business cartels considered partly responsible for high consumer prices – instead of effectively dealing with the phenomenon – but at the same time they are approving steep increases in public utility rates, which certainly stokes inflationary pressures.

Gazprom Boosts Supply to Turkey After Iranian Halt

Δευ, 2 Ιουνίου 2008 - 02:17

Russia’s gas export monopoly Gazprom said yesterday it had increased gas supplies to Turkey after it asked for more gas following a stoppage of flows from Iran.

Nabucco costs approaching 8 billion euros

Παρ, 30 Μαΐου 2008 - 09:01

The expected cost of the EU-backed Nabucco pipeline, which is to bring Caspian gas to Europe, has soared to 7.9 billion euros from 4.6 billion, the consortium planning to build and run it said yesterday.

Gov’t wants lid on prices

Παρ, 30 Μαΐου 2008 - 08:59

The government has called on businesses to cut their prices in bid to tame rising inflation, as the erosion of consumer spending power ranks among the top issues on the country’s political agenda.

Albania Warming to Nuclear Power

Παρ, 30 Μαΐου 2008 - 06:27

Albania wants to develop nuclear power generation and is ready to invite Italians to build a nuclear plant on its soil, Albania's Prime Minister Sali Berisha told Italian newspaper Corriere della Sera.

Going Back to the Coal Age

Παρ, 30 Μαΐου 2008 - 06:23

Skyrocketing prices for petroleum and natural gas have led some countries (Italy, Germany, Czech Republic, Britain) to turn their attention to coal once more. About 50 coal-fired power plants across the continent are to become reactivated for at least 50 years. Promises of “clean” energy convince no one.

TNK-BP Facing $950 Mln Back Tax Claim

Παρ, 30 Μαΐου 2008 - 03:36

Russia's OAO TNK-BP (TNBP.RS), half owned by BP PLC (BP.LN), is facing a back tax claim worth 22.5 billion rubles ($951 million), the Vedomosti business daily reported Friday, citing sources at the Interior Ministry, which has opened a criminal case.

Italy Govt Confirms Will Reappoint Eni, Enel CEOs, Chairmen

Παρ, 30 Μαΐου 2008 - 03:33

Italy's new government, led by Prime Minister Silvio Berlusconi, late Thursday said the current chief executive and chairmen of the country's top energy giants Eni SpA (E) and Enel SpA (ENEL.MI) are in its list proposal for the new boards to be reappointed.