English Edition

Turkey and Russia plan to boost ties

Τετ, 23 Ιουλίου 2008 - 16:40

Turkey wants to boost cooperation with its top gas supplier Russia, ending a frosty period marked by differences over the Nabucco pipeline to Europe, an official and analysts said. Turkey gets most of its gas – 68 percent of 2008 demand of 38 billion cubic meters (bcm) – from Russia’s Gazprom under three long-term deals.

Iraq oil

Τετ, 23 Ιουλίου 2008 - 16:36

Turkey allowed Iraq to restart around a fifth of its oil exports yesterday after halting the flow for a day pending the payment of a $100 million debt. Iraq pumps around 430,000 barrels per day (bpd) of its nearly 2 million bpd of oil exports through its northern pipeline to Turkey's Mediterranean port of Ceyhan.

UAE pipeline

Τετ, 23 Ιουλίου 2008 - 16:34

Russia’s Stroytransgaz has won a $418 million contract to build a gas pipeline across the United Arab Emirates, the UAE’s Dolphin Energy said in a statement yesterday. Stroytransgaz beat Italy’s oilfield services company Saipem and Greece’s Consolidated Contractors International Company to the contract.

BP To Withdraw Remaining Secondees From Russia's TNK-BP

Τετ, 23 Ιουλίου 2008 - 11:48

BP PLC (BP.LN) Tuesday said it would "reluctantly" withdraw the last of its technical specialists currently seconded to its Russia joint venture TNK-BP so they can work on other projects around the world.

Iran Discovers Oil Field With 500 Bln Bbls In Abadan

Τετ, 23 Ιουλίου 2008 - 11:47

Iran's Oil Minister announced Tuesday the discovery of a new oil field in the southwestern city of Abadan.

Venezuela's Chavez Meets Russia's Medvedev For Trade Talks

Τετ, 23 Ιουλίου 2008 - 11:45

Venezuelan President Hugo Chavez on Tuesday met his Russian counterpart, Dmitry Medvedev, as part of a visit aimed at purchasing arms and bolstering ties with the other oil giant.

Gazprom, Lukoil, TNK-BP Signed Oil Deals With PdVSA

Τετ, 23 Ιουλίου 2008 - 11:44

Three Russia's major oil companies signed separate deals on exploration and evaluation of different oil blocks in Venezuela with Petroleos de Venezuela SA, or PdVSA, Tuesday during Venezuelan President Hugo Chavez' visit to Moscow.

EU Mulls Plan To Harness Solar Power From Sahara

Τετ, 23 Ιουλίου 2008 - 11:43

The European Union is considering an audacious plan to cut Europe's carbon emissions by harnessing the power of the desert sun in the Sahara, The Guardian reports Wednesday.

Iran Pres Vows No Concessions In Nuclear Crisis

Τετ, 23 Ιουλίου 2008 - 11:41

President Mahmoud Ahmadinejad on Wednesday vowed that Iran wouldn't step back "an inch" in the crisis with world powers over its nuclear drive, in a speech broadcast on state television.

Petroceltic Intl Prequalifies For Algerian Licencing Round

Τετ, 23 Ιουλίου 2008 - 11:40

Petroceltic International announced Wednesday that it has received confirmation from Algeria's National Agency for the Valorisation of Hydrocarbons, ("ALNAFT") that it has prequalified for the upcoming Algerian oil and gas exploration licencing round as an Operator and Investor for onshore licences.