English Edition

Technip Signs Partnership Pact With Areva For Mining Projects

Πεμ, 20 Μαρτίου 2008 - 04:08

Technip (TKPPY) has entered into a partnership with Areva (CEI.FR) to develop major mining projects.

Lukoil Ukraine Odessa Refinery To Restart In April

Τετ, 19 Μαρτίου 2008 - 08:34

Russia's OAO Lukoil Holdings (LKOH.RS) plans to resume production at its Odessa refinery in Ukraine in April after a three-year modernization program, the company said Wednesday.

Romania Govt OKs Electrica Muntenia Sud Sale To Enel-Mediafax

Τετ, 19 Μαρτίου 2008 - 08:32

The Romanian government has approved the privatization of regional power distributor Electrica Muntenia Sud to Italian utility Enel SpA (EN), news agency Mediafax reported Prime Minister Calin Popescu Tariceanu as saying Wednesday.

Rising Ethanol Demand Spurs Oil, Sugar Mkt Link

Τετ, 19 Μαρτίου 2008 - 04:34

The crude oil and sugar markets will become increasingly correlated as demand for sugar-based ethanol rises, sugar analyst Czarnikow said Wednesday.

CEZ, Still Interested In Bidding In Russia's TGK

Τετ, 19 Μαρτίου 2008 - 04:33

Czech power utility CEZ AS (BAACEZ.PR) said Wednesday it is still interested in bidding for Russian regional power company OAO TGK-4 (TGKD.RS) after the Russian electricity holding that owns the unit delayed its tender until Apr. 7.

Libya Compensation Unlikely For US Grp On Tamoil Deal

Τετ, 19 Μαρτίου 2008 - 04:31

The Libyan government has canceled Colony Capital LLC's plans to buy a majority stake in its European refining company, Tamoil, and is unlikely to offer the U.S. private equity group any compensation for ending the deal, the head of the Libya's sovereign wealth fund said Wednesday.

Roxi Petroleum Buys Kazakhstan Seismic Survey

Τετ, 19 Μαρτίου 2008 - 04:29

Roxi Petroleum, a Kazakhstan based oil exploration and development company that on Mar. 3, acquired 59% of Eragon Petroleum, Wednesday said that it has completed the acquisition of a 193 km2 3D seismic survey over the Contract Area located in Mangistau and Atyrau Oblasts of Western Kazakhstan.

Alstom Wins Power Plant Contract With Suez's Electrabel

Τετ, 19 Μαρτίου 2008 - 04:28

French engineering company Alstom (102247.FR) Wednesday said it has secured a contract for over EUR270 million with Suez's (SZE.FR) Electrabel unit for construction of a combined-cycle power plant in the south of France.

MOL Makes Successful Gas, Condensate Discovery In Pakistan

Τετ, 19 Μαρτίου 2008 - 04:26

Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Wednesday that it made a third new discovery of gas and condensate in the Tal Block, located in the Northern Western Frontier Province of Pakistan.

Rosneft Wants Lower Duty On Light Refined Products

Τετ, 19 Μαρτίου 2008 - 04:25

Russia's biggest oil producer OAO Rosneft (ROSN.RS) wants the government to lower export duty on light petroleum products in order to promote the modernization of the plants that produce them, the Vedomosti business daily reported Wednesday.

Romania Wants Second N-Plant

Τρι, 18 Μαρτίου 2008 - 06:39

Romania plans to build a second nuclear power station to ensure its future energy independence, the head of Nuclearelectrica, Teodor Chirica, said yesterday.

Kuwait Posts Record Income On Strong Oil Price

Τρι, 18 Μαρτίου 2008 - 04:42

Kuwait Tuesday said it has posted record revenues of 17 billion dinars ($63.6 billion) in the first 11 months of the current fiscal year, more than double budget estimates.

Lukoil Sees 15B Cubic Meters 08 Russian Gas Output

Τρι, 18 Μαρτίου 2008 - 04:41

Russia's OAO Lukoil (LKOH.RS) plans to raise this year's gas production in Russia to 15 billion cubic meters, up from 11.5 billion in 2007, Itar-Tass news agency reported Tuesday, citing Nikolay Mikhailov, head of the company's department of gas production.