English Edition

Yukos To Sell 49% Stake In Transpetrol To Slovak Govt

Yukos To Sell 49% Stake In Transpetrol To Slovak Govt

Netherlands-based Yukos Finance B.V., a former unit of dismantled Russian oil firm OAO Yukos, is in talks to sell a 49% stake in oil pipeline operator Transpetrol to the Slovakian government, Vedomosti daily reported Tuesday.

GdF Euro Works Council Has Enough Info On Suez Tie-Up

GdF Euro Works Council Has Enough Info On Suez Tie-Up

The European works' council of Gaz de France (1020848.FR) has enough information to give an opinion on the company's planned tie-up with Suez (SZE.FR) when it meets later Tuesday, French business newspaper La Tribune reported Tuesday without saying where it got the information.

Gazprom Neft 2008-10 Invest Program RUB267.5 Bln

Gazprom Neft 2008-10 Invest Program RUB267.5 Bln

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), said Tuesday it had approved a 267.5 billion ruble ($11.2 billion) investment program for 2008 to 2010.

Tender for Turkish nuclear plant is closer

Tender for Turkish nuclear plant is closer

Turkey’s Constitutional Court rejected yesterday a request by opposition parties to cancel a government plan to build the country’s first nuclear power plant, paving the way for a tender process in the coming days.

Power status remains precarious

Power status remains precarious

The Public Power Corporation (PPC) yesterday continued its controlled cuts in its power supply throughout the country in order to avert a general blackout due to striking workers.

Lukoil Pays $580 Mln For SNG Holdings LKOH.RS

Lukoil Pays $580 Mln For SNG Holdings >LKOH.RS

OAO Lukoil (LKOH.RS), Russia's largest independent oil producer, Friday said it paid $580 million for its pre-announced purchase of Uzbekistan's SoyuzNefteGaz Holding Ltd.

PPC’s Strike Exacerbates Electricity Market Problems

PPC’s Strike Exacerbates Electricity Market Problems

There is a well known Greek proverb which is used to describe how a bad or difficult situation sometimes turns into a disaster. This proverb freely translated as ‘things have gone from bad to worse’ applies perfectly well to what we experience this week with the continuous strikes by Public Power Electricity(PPC) workers union. GENOP-DEH, (PPC’s union) leaders have urged their members to strike in unison joining forces with hundreds of other public sector unions across the country which complain about the government’s proposed legislation on social security restructuring.

EdP Analyzes Alternatives To Renewables Unit Listing

EdP Analyzes Alternatives To Renewables Unit Listing

Portuguese utility EdP-Energias de Portugal (EDP.LB) is analyzing alternatives to the planned listing of it renewables unit, should markets instability continue, Diario Economico reports Friday citing company sources.

Veolia CEO: Co Doesnt Expect To Be Suez Environnement Hldr

Veolia CEO: Co Doesn't Expect To Be Suez Environnement Hldr

French water, waste, transport and energy-services utility Veolia Environnement SA's (VE) Chairman and Chief Executive Henri Proglio said Friday it is unlikely to become a shareholder in Suez Environnement - the unit to be spun off by Suez (SZEZY) as part of its tie-up with Gaz de France (1020848.FR).

Gazprom Neft Gets New Zimneye Licence; To Add 32,000 B/D Oil

Gazprom Neft Gets New Zimneye Licence; To Add 32,000 B/D Oil

Russian oil producer OAO Gazprom Neft (SIBN.RS) Friday said it had acquired a license for the rest of the Zimneye field in the oil-rich Khanty-Mansi region, which should add more than 32,000 barrels a day in production.

Greece Hit By Rolling Power Cuts Due To Strike Over Pensions

Greece Hit By Rolling Power Cuts Due To Strike Over Pensions

Dozens of areas around Greece were hit by rolling blackouts late Thursday and early Friday as an ongoing strike by power sector workers over pension changes continued to sharply curtail electricity generation.

Ukraine Allows Naftogaz To Siphon Gas Meant For Europe

Ukraine Allows Naftogaz To Siphon Gas Meant For Europe

Ukraine's government Wednesday passed a resolution theoretically allowing state energy company Naftogaz Ukrainy to siphon off transit gas destined for Europe, should a problem arise with domestic supplies, the Vedomosti daily reported Friday.