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Lukoil Exec In Talks With Iraq On West Qurna-2 Field

Πεμ, 29 Μαΐου 2008 - 04:24

The vice-president of Russia's oil firm OAO Lukoil (LKOH.RS) Andrey Kuzyaev met Iraqi President Jalal Talabani in Baghdad Wednesday for talks on reviving a deal to develop the West Qurna-2 oil field, one of Iraq's largest, according to a report posted on the president's Web site Thursday.

Iran Faces Power Cuts After Drought Slashes Hydro Output

Πεμ, 29 Μαΐου 2008 - 04:23

Iran is facing a summer of power cuts after a severe drought slashed output from its hydroelectric power plants, the energy minister warned Thursday.

OPEC's Qabazard Sees Oil Stk Build Up To 500K B/D Avg In '08

Πεμ, 29 Μαΐου 2008 - 04:21

Hasan Qabazard, head of research at the Organization of Petroleum Exporting Countries said Thursday that he expects to see oil stocks build up to between 400,000-500,000 barrels a day on average in 2008.

Turk Power Price Hike Report Refuted

Τετ, 28 Μαΐου 2008 - 06:34

Turkey’s Economy Minister Mehmet Simsek denied a report on Saturday that the government was thinking of raising electricity prices by 19 percent for households before July this year.

Elefsina Refinery’s Temporary Closure Postponed Until September

Τετ, 28 Μαΐου 2008 - 06:17

Hellenic Petroleum, Greece’s biggest oil company, has delayed the planned maintenance shutdown of its Elefsina refinery until September, a company spokesman said.

GdF CEO: French Gas Tariffs Hike Likely Before July

Τετ, 28 Μαΐου 2008 - 03:27

French state-controlled natural gas operator Gaz de France's (1020848.FR) Chief Executive Jean-Francois Cirelli said a gas regulated tariff hike in France is likely before July, due to the high oil crude prices, in an interview with French daily Le Parisien on Wednesday.

Iran's Larjani: Tehran Could Revise Cooperation With IAEA

Τετ, 28 Μαΐου 2008 - 03:26

New Iranian parliament speaker Ali Larijani on Wednesday warned Tehran could revise cooperation with the UN nuclear watchdog, after the body expressed concern about its contested atomic drive.

RWE May Give Up Part Of Gas Network As EU Concession

Τετ, 28 Μαΐου 2008 - 03:25

Utility RWE AG (RWE.XE) is ready to relinquish a large part of its gas network as a concession to end an antitrust case with the European Union, Handelsblatt reports Wednesday, citing sources.

British Energy CEO Sees Sizewell B Returning "Within Days"

Τετ, 28 Μαΐου 2008 - 03:23

U.K. nuclear power plant Sizewell B is due to return to service "within days" after an instrument problem closed the plant Tuesday, the chief executive of plant owner British Energy Group PLC (BGY.LN) said Wednesday.

Power Machines Signs RUB40B Deal For Nuclear Power Units

Τετ, 28 Μαΐου 2008 - 03:21

Russia's largest electrical engineering company OAO Power Machines, or Silovye Mashiny (SILM.RS), said Wednesday it will deliver and install machinery for two nuclear power units to the state-owned nuclear energy corporation Atomenergoprom worth a total of 40 billion rubles ($1.7 billion).

French Nuclear Watchdog Orders Halts EDF Nuclear Proj-Report

Τετ, 28 Μαΐου 2008 - 03:20

France's nuclear safety watchdog ordered Electricite de France (1024251.FR) to halt work on the construction of a new generation nuclear power station in Flamanville, northern France, The Financial Times reports Wednesday, citing the Nuclear Safety Authority's chief inspector.

Russia's UES IFRS 2007 Net Profit Rises 11% To RUB165 Bln

Τετ, 28 Μαΐου 2008 - 03:19

Former electricity monopoly RAO Unified Energy System of Russia (EESR.RS), or UES, Wednesday said its net profit for 2007, calculated under International Financial Reporting Standards, rose 11% on the year to 165 billion rubles ($7.01 billion) on sales of its subsidiaries.