English Edition

Victoria Oil Gets Discovery Confirmation From Russian Govt

Τρι, 1 Ιουλίου 2008 - 04:14

Victoria Oil & Gas Plc, an AIM-quoted oil and gas exploration company focused on the Former Soviet Union, Tuesday announced it has has received a certificate from the Russian Ministry of Natural Resources confirming registration of a discovery at the West Medvezhye (West Med) field for Well 103 in Western Siberia, Russia and Kemerkol oil project in the Atyrau Oblast of Kazakhstan.

Ministry Of Petroleum:Iran To Produce 5.3M B/D Within Next 6 Yrs

Τρι, 1 Ιουλίου 2008 - 04:13

Iran plans to expand its oil production capacity by one million barrels per day within the next six years and believes the oil market is currently well supplied, a senior official from the Ministry of Petroleum said Monday.

Iraq Oil Chief Opens Door To Foreign Companies

Τρι, 1 Ιουλίου 2008 - 04:11

Iraq will open eight oil-and-gas fields to foreign petroleum companies in an effort to accelerate production in the next few years, in what would be the most extensive upgrade of producing fields since the fall of Saddam Hussein.

Total CEO: High Oil Price Tied To Future Supply

Τρι, 1 Ιουλίου 2008 - 04:10

High crude prices are tied to concerns over the delivery of future oil and gas, not lack of existing resources, Total SA's (TOT) chief executive said Tuesday.

Sabanci-Verbund Submits Highest Bid In Ankara Grid Tender

Τρι, 1 Ιουλίου 2008 - 04:09

Turkish privatization agency OIB said Tuesday that a joint venture of Turkish conglomerate Sabanci Holding (SAHOL.IS), Austrian energy firm Verbund and Enerjisa, a partnership of Sabanci and Verbund, has submitted the highest bid of $1.225 billion in a tender to privatize Baskent Elektrik Dagitim A.S., the electricity grid in the region of capital city Ankara, the Ihlas News Agency, or IHA, reported.

Greece Approves Up To 9.5% Hike In PPC Tariffs From July 1

Τρι, 1 Ιουλίου 2008 - 04:07

The country's Development Ministry Tuesday approved tariff increases of up to 9.5% for electricity utility Public Power Corporation SA (PPC.AT), in an effort to bring the company's prices in line with its operating costs and to help offset the impact of rising oil prices.

Saudi King: Have Nothing To Do With Rising Oil Price

Τρι, 1 Ιουλίου 2008 - 04:06

Speculation and taxes in oil consuming nations, not the Organization of Petroleum Exporting Countries, are to be blamed for rising crude prices, Kuwaiti daily Arab Times reported Tuesday, citing from an interview with Saudi Arabia's King Abdullah.

Kazakh Govt: Kashagan Oil Output To Start Oct 2013

Δευ, 30 Ιουνίου 2008 - 05:14

The Kazakh government and an Eni SpA-led (E) consortium developing the giant Kashagan oil field in the Caspian Sea have agreed to start commercial production in October 2013, the government said Saturday.

Total:Kashagan Cos Adding Staff After Start Date Delay

Δευ, 30 Ιουνίου 2008 - 05:12

Companies in a consortium developing Kazakhstan 's Kashagan oil field plan to add extra staff to work on the project, after signing a new accord that pushes back the production start date to 2013 from 2011, a spokeswoman for Total SA (TOT), a member of the consortium, said Sunday.

Iran Discovers New Oil Field

Δευ, 30 Ιουνίου 2008 - 05:11

Iran has discovered a new oil field in the country's Persian Gulf Farsi Block, Iran's English-language satellite channel Press TV reported Saturday.

Iran To Raise Gas Exports To Turkey In Winter 2008

Δευ, 30 Ιουνίου 2008 - 05:09

Iran will increase natural gas exports to Turkey this winter, Iranian state news agency IRNA reported, citing Iran's oil minister.

Iran To Allow Foreign Cos To Buy State-Run Firms

Δευ, 30 Ιουνίου 2008 - 05:08

Iran will begin to allow foreign firms to purchase Iranian state-run companies, with the possibility of obtaining full ownership, Iranian English language television channel PressTV reported on its Web site, citing the director of Iran 's Privatization Company, Gholamreza Heidari Kord Zangeneh.

Russia TNK-BP Hldrs Could Lose Iraqi Kurd Licence

Δευ, 30 Ιουνίου 2008 - 05:07

The consortium of Russian shareholders behind TNK-BP Holding (TNBP.RS) are at risk of losing their oil contract in northern Iraq, a move that would likely further aggravate tensions between the shareholders and BP PLC (BP).