English Edition

Iraq Oil Exports Cut In Half On "Technical" Issues

Δευ, 31 Μαρτίου 2008 - 04:44

Crude oil exports from Iraq's key southern Basra terminal have been cut in half from its normal level due to technical problems, shipping agents told Dow Jones Newswires Monday.

New Turk Sell-Off Strategy

Δευ, 31 Μαρτίου 2008 - 04:32

Turkey may change its privatization strategy to sell off both its electricity distribution grids and power generation plants at the same time, government officials told Reuters yesterday. The government may decide to accept bids in the two sell-offs until the last quarter of this year, the officials said.

Turkish Exports Soar in Q4

Δευ, 31 Μαρτίου 2008 - 04:25

Turkey’s economic growth probably accelerated in the fourth quarter from a five-year low, as exports hit record levels and farming recovered from a drought. Gross domestic product (GDP) expanded 5.1 percent, up from 3.3 percent in the previous three months, according to the median estimate of eight economists surveyed by Bloomberg. Forecasts ranged from 3.6 percent to 5.5 percent.

Gazprom Sees 2009-'10 Capex At $65B; Cut Investments

Δευ, 31 Μαρτίου 2008 - 03:37

Russian gas monopoly OAO Gazprom's (GAZP.RS) capital expenditure in 2009-2010 will reach $65 billion while its investments will drop significantly, the newspaper Vedomosti reported Monday.

France To Keep Regulated Power Prices After 2010

Δευ, 31 Μαρτίου 2008 - 03:36

France will keep its system of below-market electricity prices beyond 2010, defying pressure from European Union regulators, a person close to the administration of President Nicolas Sarkozy said late Friday.

Lundin Petroleum: Alvheim FPSO Hooked-Up On Alvheim Field

Δευ, 31 Μαρτίου 2008 - 03:34

Lundin Petroleum Monday announces that the Alvheim FPSO has been successfully hooked-up on the Alvheim Field, offshore Norway.

GCC Finishes Nuclear Energy Feasibility Study

Δευ, 31 Μαρτίου 2008 - 03:32

The Gulf Cooperation Council has entered the next stage of its program to develop nuclear power to help it meet soaring energy requirements in the region, GCC Secretary General Abdulrahman Bin Hamad Al Attiyah said Monday.

Polish Regulator To OK PGNiG's 10%-20% Tariff Hike This Week

Δευ, 31 Μαρτίου 2008 - 03:29

Poland's market regulator, Urzad Regulacji Energetyki, or UKE, will approve an increase in natural gas tariffs for the gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, the Polish Press Agency, or PAP, reported Monday, citing a UKE official.

PV Investment Soars

Παρ, 28 Μαρτίου 2008 - 09:05

Development Minister Christos Folias yesterday froze the submission of more applications for licenses to produce power from photovoltaic systems, as the total capacity of submitted proposals has exceeded the goals of the respective program by far.

Specter of slower growth, and higher inflation

Παρ, 28 Μαρτίου 2008 - 09:03

The Greek economy is facing the serious prospect of a slowdown in its growth rate and a significant rise in inflation, requiring an intensification of efforts toward fiscal consolidation and an acceleration of reforms, the Foundation for Economic and Industrial Research (IOBE) said in its quarterly report yesterday.

Postpones Hearing In Rosneft Case Against TGK-11

Παρ, 28 Μαρτίου 2008 - 05:48

A Moscow arbitration court has postponed until May 7 a preliminary hearing in a lawsuit filed by OAO Rosneft (ROSN.RS) unit Neft Aktiv against regional generation company OAO TGK-11 (TGKK.RS), news agency Prime-Tass reported Friday.

Mediterranean Oil & Gas Tunisia Rig Drills At 2400 Metres

Παρ, 28 Μαρτίου 2008 - 05:47

Mediterranean Oil & Gas Friday announced as part of its operational update on its exploration well Teboursouk 1 in Tunisia (Range Operator; MOG 25%) that the CTF - Rig 06 is currently drilling at about 2400 metres of depth.

Gazprom Eyes 14.4BCM Of Gas From Yuzhno-Russkoye In 08

Παρ, 28 Μαρτίου 2008 - 05:45

Russian natural gas monopoly OAO Gazprom (GAZP.RS) expects to produce 14.4 billion cubic meters of natural gas in 2008 from its Yuzhno-Russkoye gas field, which is expected to be the source for the Nord Stream pipeline project to Europe, a Gazprom official said in an interview published in the company's internal corporate magazine Friday.

EU Offers EUR80M For Developing Countries' Energy Investments

Παρ, 28 Μαρτίου 2008 - 05:44

The European Commission will contribute EUR80 million to boost small environment-friendly energy private investments in developing countries to 2010, it said Friday.

E.ON: Recurring Synergies From Enel, Endesa Deal EUR70M A Yr

Παρ, 28 Μαρτίου 2008 - 05:42

E.ON AG (EOA.XE) expects to reap recurring synergies of up to EUR70 million a year by taking over power generation assets from Spain's Endesa S.A. (ELE.MC) and Italy's Enel SpA (ENEL.MI).

Russian Ministry Wants Tender For Chayanda Gas Field

Παρ, 28 Μαρτίου 2008 - 05:41

Russia's Resource Ministry is insisting on holding a tender for rights to the Far Eastern Chayandinskoe gas field, which the country's Energy Ministry earlier suggested should be transferred to state-controlled OAO Gazprom (GAZP.RS), the Vedomosti daily reports Friday.