English Edition

EU Asks Greece To Improve Electricity Market Competition

Τετ, 5 Μαρτίου 2008 - 03:08

The European Commission Wednesday asked Greece to improve competition in its electricity sector by giving companies fairer access to lignite, used to generate the bulk of local electricity.

Iraqi Oil Min: Iraq, Iran To Develop 2 Shared Oil Fields

Τετ, 5 Μαρτίου 2008 - 03:07

Iraq's Oil Minister Hussein al-Shahristani Wednesday said Iraq and Iran have agreed to the joint development of two oil fields near the countries' shared border.

Saudi Oil Min Upbeat On Energy Demand, Pumping 9.2 Mln B/D

Τετ, 5 Μαρτίου 2008 - 03:05

Saudi oil minister Ali Naimi Wednesday gave an upbeat view of global energy demand, saying the kingdom is pumping 9.2 million barrels a day and finding customers for it.

RWE Innogy Acquires 300 MW Wind Farm Projects In Hungary

Τετ, 5 Μαρτίου 2008 - 03:03

Germany RWE AG's (RWE.XE) RWE Innogy GmbH has acquired a series of wind farm projects in western Hungary, in a deal with project developer Aufwind Schmack GmbH, Regensburg, RWE said Wednesday.

IAEA Board Debates Iran Nuclear Dossier

Τετ, 5 Μαρτίου 2008 - 03:02

The U.N. atomic watchdog sat down to discuss the Iran nuclear dossier, the last major topic on the agenda of its regular March board meeting here, which could be wrapped up by end Wednesday.

Greece PPC Begins Rolling Blackouts Due To Strike

Τετ, 5 Μαρτίου 2008 - 03:00

Greece's dominant electric utility, Public Power Corporation SA (PPC.AT), began rolling blackouts early Wednesday in some two dozen localities across the country as an ongoing strike by workers shut down power plants.

Oil Mkt Well Supplied, Stocks To Stay In 5-Yr Avg

Τετ, 5 Μαρτίου 2008 - 02:59

OPEC President Chakib Khelil opened the meeting of the oil group Wednesday by reaffirming its view that oil markets are well supplied and crude inventories are set to remain within their five-year average.

PM Says Ukraine Won't Hit Gas Supplies To Europe

Τετ, 5 Μαρτίου 2008 - 02:57

Ukraine won't disrupt Russian gas supplies to the European Union via its territory, Prime Minister Yulia Tymoshenko was quoted by the Interfax news agency as saying Wednesday amid a payment row between Kiev and Moscow.

Iraq Oil Min, Will Compensate Foreign Cos With Crude

Τετ, 5 Μαρτίου 2008 - 02:56

Iraq intends to compensate several major oil companies in talks to develop its oil industry with crude oil, Iraq's Oil Minister Hussein al-Shahristani said Wednesday.

PPC Unions Toughen Strike Stance

Τετ, 5 Μαρτίου 2008 - 02:55

The grid operator (DESMHE) and the general directorate of the Public Power Corporation (PPC) were on full alert last night to avoid a general blackout in Greece, following the second day of strike by PPC employees.

Abu Dhabi's Adnoc Targets 3.5 Mln B/D Oil Output

Τρι, 4 Μαρτίου 2008 - 03:23

Abu Dhabi National Oil Co., or Adnoc, plans to expand its crude oil production capacity to 3.5 million barrels a day from 2.5 million barrels a day now over the next decade to meet rapidly rising global oil demand, the company's chief executive said, according to an Adnoc publication.

E.ON Move Doesn't Change Basis Of Unbundling Debate

Τρι, 4 Μαρτίου 2008 - 03:22

E.ON's (EON) offer to sell its power grid to assuage European Union antitrust concerns doesn't change the essence of the debate on a European Commission plan to divide integrated power utilities into separately owned suppliers and distributors, Dominique Maillard, Chief Executive of French power-grid operator RTE said Tuesday.

Russia Still Most Reliable Gas Source

Τρι, 4 Μαρτίου 2008 - 03:21

Almost half of energy industry executives still consider Russia to be the most reliable supplier of gas to the European Union, despite OAO Gazprom's (GAZP.RS) cut in gas supplies to Ukraine this week.