English Edition

Iberdrola Denies Report Of Gas Natural Tie-up Talks

Δευ, 7 Απριλίου 2008 - 04:34

Iberdrola SA (IBE.MC) Monday denied a report that the Spanish power utility is negotiating a possible tie-up with Spanish natural gas distributor Gas Natural SDG SA (GAS.MC).

Kuwait Oil Min: Oil Market Being Driven By Exchange Rate

Δευ, 7 Απριλίου 2008 - 04:30

Kuwait's acting oil minister said Monday that oil prices are being driven not by supply and demand, but by the value of the U.S. dollar.

Abu Dhabi Borouge To Study Phase 3 Petchem Plant Expansion

Δευ, 7 Απριλίου 2008 - 04:25

Abu Dhabi Polymers Co., or Borouge, a joint venture between Abu Dhabi National Oil Co. and Vienna-based Borealis, Monday said it launched a study to determine the feasibility of a third expansion of its petrochemicals complex in the U.A.E.'s largest emirate.

Syria To Get 50M Cubic Feet/Gas A Day From Iraq-Syria Oil Min

Δευ, 7 Απριλίου 2008 - 04:21

Syrian Oil Minister Sufian al-Alao said Monday Syria and Iraq have signed a deal under which Syria will buy 50 million cubic feet a day of gas from Iraq.

Verbund in Turkey

Παρ, 4 Απριλίου 2008 - 04:28

Austria’s leading electricity company Verbund announced yesterday the construction by its Turkish joint venture of a 920-megawatt gas-fired power plant in northeastern Turkey by 2010.

Athens Heat Problem: Overlapping Authorities are Big Obstacle to Solution

Παρ, 4 Απριλίου 2008 - 04:23

In the summer of 2003, the hottest on record since 1757, temperatures rose to 45 degrees Celsius and thousands of people died in France and Italy. In 2005, summer temperatures in Greece were 8 degrees Celsius above average. In Cyprus, measures have just been taken to reduce water consumption down to 30 percent.

Gazprom In Talks To Gain Control Over TNK-BP

Παρ, 4 Απριλίου 2008 - 04:05

Russia's OAO Gazprom (GAZP.RS) is in talks with TNK-BP (TNBP.RS), half owned by U.K. oil major BP PLC (BP), to gain a 51% stake in the joint venture, the RBK Daily said Friday, citing two unnamed sources.

Yukos Paid RUB90 Billion Too Much In Taxes

Παρ, 4 Απριλίου 2008 - 04:04

Now-bankrupt oil major OAO Yukos, formerly Russia's largest oil producer, has paid 90 billion rubles ($3.8 billion) too much in taxes, a Moscow court said, the Vedomosti daily reported Friday.

La Caixa Seeks Govt OK Of GasNat-Iberdrola Tie-Up

Παρ, 4 Απριλίου 2008 - 04:02

La Caixa, Spain's largest savings bank by assets and the controlling shareholder of Gas Natural SDG SA (GAS.MC), is looking for government support for a tie-up between the Spanish natural gas distributor and Iberdrola SA (IBE.MC), ABC daily reports Friday, citing people close to the situation.

British Energy Shares Surge On Possible EdF Bid Plan

Παρ, 4 Απριλίου 2008 - 04:00

British Energy Group PLC (BGY.LN) shares traded up about 6% early Friday following a press report that Electricite de France SA's (1024251.FR) board has given the green light for the French electricity giant to launch a takeover bid for the U.K. utility.

EdF Appealing Bilbao Court Ruling On Iberdrola

Παρ, 4 Απριλίου 2008 - 03:58

Power utility Electricite de France SA (1024251.FR), which has said it wants to expand into Spain, said Friday it is appealing a Bilbao court ruling asking it to clarify its intentions concerning Spanish peer Iberdrola (IBE.MC).

Areva Not Approached By Duvals To Break Eramet Hldrs' Pact

Παρ, 4 Απριλίου 2008 - 03:56

French nuclear company Areva (CEI.FR) Friday said it hadn't been approached by mining company Eramet SA's (ERA.FR) largest shareholder, the Duval family, to break the shareholders' pact.

Blast At Lukoil Chemical Plant Kills Three, Halts Production

Παρ, 4 Απριλίου 2008 - 03:55

Russia's second largest oil producer, OAO Lukoil (LKOH.RS), said Friday a blast at its Stavrolen chemical plant in Southern Russia killed three workers and injured another three.