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A2A Hopes To Have The Assets Of Endesa Italia Split From Oct

Πεμ, 15 Μαΐου 2008 - 04:23

A2A SpA (A2A.MI) expects to take possession Oct. 1 of assets from the slit of generation company Endesa Italia SpA, said Giuliano Zuccoli, chairman of the management board of Italy's biggest municipal utility by market value, Thursday.

EU OKs Energy Cos CEZ, MOL To Create Gas-Fired Power Plant JV

Πεμ, 15 Μαΐου 2008 - 04:22

The European Union Thursday cleared Czech energy company CEZ A.S. (BAACEZ.PR) and Hungarian peer MOL Nyrt. (MOL.BU) to form a joint venture that will build gas-fired power plants in Hungary, Slovakia, Croatia and Slovenia.

Suez Environnement Valuation Likely To Rise-Citi

Πεμ, 15 Μαΐου 2008 - 04:20

Suez Environnement's implied enterprise value is seen at 6.8x 08 estimated Ebitda, says Citigroup. Notes that Veolia Environnement's is at 8x. "We would expect Suez Environnement's valuation to improve as we get more visibility on the business with the issuance of the spin-off prospectus," says the bank.

EU Gives Spain 1 Mo To Lift Endesa Conditions, Or Face Court

Πεμ, 15 Μαΐου 2008 - 04:19

The European Commission Thursday asked Spain to lift the restrictions it imposed on Enel SpA's (ENEL.MI) and Acciona SA's (ANA.MC) acquisition of the Spanish power company Endesa SA (ENSTY) within one month or face court action.

Lotos CEO: Tight Costs, Hedging To Yield Good 2008 Results

Πεμ, 15 Μαΐου 2008 - 04:17

Grupa Lotos (LTS.WA) should this year improve its operating performance on an annual basis thanks to tight cost management and gains from hedging transactions, the company's chief executive said Thursday.

OPEC Revises '08 Oil Demand Growth To 1.35% Vs. 1.4% Last Mo

Πεμ, 15 Μαΐου 2008 - 04:16

The Organization of Petroleum Exporting Countries slightly lowered this year's forecast for world oil demand growth, noting oil consumption in industrialized countries has been very weak, while high oil prices and a slowing economy would likely weigh on U.S. demand for gasoline this summer.

Turkey's Enka To Build Gas Power Plant In Russia

Τετ, 14 Μαΐου 2008 - 03:53

Turkish construction firm ENKA Insaat (ENKAI.IS) said Wednesday it has signed a preliminary agreement to build a 400 megawatt combined-cycle gas power plant in Russia, the Ihlas News Agency, or IHA, reported.

Gazprom Jan-Apr Natural Gas Output 199.4 BCM >GAZP.RS

Τετ, 14 Μαΐου 2008 - 03:52

Russia's OAO Gazprom (GAZP.RS), the world's largest producer of natural gas, said Wednesday it produced 199.4 billion cubic meters of gas in the first four months of the year, an increase of 4.2 billion cubic meters from the year-earlier period.

Russia Urges Security Guarantee As Part Of Iran Talks

Τετ, 14 Μαΐου 2008 - 03:51

Russian Foreign Minister Sergei Lavrov called Wednesday on the top U.N. powers to give Iran security guarantees to help resolve the crisis over Tehran's nuclear program, Russian news agencies reported.

EU Proposes Compromise To Germany Over Unbundling Plan

Τετ, 14 Μαΐου 2008 - 03:49

European Commission President Jose Manuel Barroso has offered a compromise to German Chancellor Angela Merkel in the dispute over the European Union's ownership unbundling plan, Financial Times Deutschland newspaper reports Wednesday, citing a draft bill.

KazMunaiGas EP's 1Q Net Pft KZT63.5B Vs KZT23.8B

Τετ, 14 Μαΐου 2008 - 03:47

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Wednesday its net income rose 166% on the year to 63.5 billion tenge ($526.8 million) in the first three months of this year.

Iran Storing About 25M Barrels Of Crude In Tankers

Τετ, 14 Μαΐου 2008 - 03:45

Iran is storing about 25 million barrels of heavy crude oil in tankers in the Persian Gulf as no buyers are stepping up to the plate, the country's departing OPEC governor, Hossein Kazempour Ardebili, said Tuesday.

Russia's Gazprom Neft To Recommend RUB5.4/Shr Div For '07

Τετ, 14 Μαΐου 2008 - 03:44

OAO Gazprom Neft (SIBN.RS), Russia's fifth-largest oil producer by volume, said Wednesday it will recommend a dividend of 5.4 rubles ($0.23) per ordinary share for 2007 at its June 20 annual shareholder meeting, amounting to a total of RUB25.6 billion.