English Edition

Austria's EVN To Carry Out Stock Split April 17

Πεμ, 10 Απριλίου 2008 - 03:52

Regional Austrian utility EVN AG (EVNV.VI) Thursday said an earlier announced stock split will take place April 17.

Two Russian Regions Pursue Total For Up To EUR170B

Πεμ, 10 Απριλίου 2008 - 03:50

Two Russian regions have demanded compensation from French oil company Total SA (TOT) for up to EUR170 billion related to oil fields which were never exploited, according to a report in French daily newspaper Le Figaro Thursday, citing unspecified sources.

EDP To List Renewables Unit In Early June

Πεμ, 10 Απριλίου 2008 - 03:49

Portuguese utility EdP-Energias de Portugal (EDP.LB) plans to list its renewables unit in early June, Diario Economico reports Thursday, citing people close to the process.

RWE Offer On British Energy May Spur Bidding Battle

Πεμ, 10 Απριλίου 2008 - 03:47

Shares in British Energy Group PLC (BGY.LN), the U.K.'s largest power producer, rose more than 4% Thursday on a report that Germany's RWE AG (RWEOY) has offered close to 700 pence a share in cash for the company, likely spurring a bidding war as other utilities seek to claim a stake in the company, analysts said Thursday.

UES 9-Mo IFRS '07 Net Pft Almost Doubles On Yr To RUB36 Bln

Πεμ, 10 Απριλίου 2008 - 03:44

Former electricity monopoly RAO Unified Energy System of Russia Thursday said its net profit for the nine months to September 2007 almost doubled on the year to 36 billion rubles ($1.53 billion) on sales of its subsidiaries.

Lukoil 2007 GAAP Net Profit $9.51 Bln, Up 27.1% On Year

Πεμ, 10 Απριλίου 2008 - 03:43

Russia's largest independent oil producer, OAO Lukoil Holdings (LKOH.RS), Thursday said its 2007 net income rose 27.1% on the year to $9.51 billion, driven by oil price appreciation, high refinery margins and an increase in refinery throughputs.

OPEC Sees Weaker Oil Demand;To Show In Next Report

Πεμ, 10 Απριλίου 2008 - 03:41

Global oil demand is weakening and OPEC's customers aren't asking for more crude, the group's head of research, Hassan Qabazard, said Thursday.

Two Βids for Βioethanol

Τετ, 9 Απριλίου 2008 - 05:25

Athens Exchange-listed Hellenic Sugar Industry has received two bids in response to its call for an investor to help convert two refineries into bioethanol plants.

PM Eyes Another Pipeline Project

Τετ, 9 Απριλίου 2008 - 05:21

Prime Minister Costas Karamanlis is set to travel to Russia this month for talks with President Vladimir Putin that could lead to Greece becoming involved in another pipeline project with one of its strongest allies, sources said yesterday.

Energy Savings Bill Mulled

Τετ, 9 Απριλίου 2008 - 05:19

The bill incorporating the EU directive to increase the energy efficiency of buildings received the parliamentary committees’ approval on principle yesterday. The aim of the directive is the reduction of energy consumption by 11 percent in buildings, which from now on will have to have an energy efficiency certificate issued, according to New Democracy Deputy Giorgos Kontogiannis.

CEZ Confirms Definite Interest In Turkish Pwr Plant Bid

Τετ, 9 Απριλίου 2008 - 04:25

CEZ AS (BAACEZ.PR), a central European power company based in the Czech Republic, is moving forward on its plan to participate in a tender for the construction of new power generation units in Turkey, the company's spokeswoman said Wednesday.

Iran To Spend EUR17B-EUR18B On Oil Refineries Until '12

Τετ, 9 Απριλίου 2008 - 04:24

Iran plans to invest between EUR17 billion-EUR18 billion in its downstream oil sector until 2012 to upgrade existing refineries and build new ones, an Iranian oil executive said Wednesday.

IES-Holding Considers Forming Consortium To Buy OGK-1

Τετ, 9 Απριλίου 2008 - 04:22

Russia's IES-Holding, or KES, is considering forming a consortium to buy a stake in OGK-1 (OGKA.RS), the news agency Interfax reported Wednesday, citing KES Chief Executive Mikhail Slobodin.