English Edition

Turkey's Park Elektrik Shares Suspended

Πεμ, 21 Φεβρουαρίου 2008 - 03:13

Shares of Turkish energy firm Park Elektrik (PRKTE.IS), a subsidiary of unlisted Ciner Group, were suspended from trade Thursday due to a press report, Ihlas news agency, or IHA, reported, citing the Istanbul Stock Market, or IMKB.

Endesa 2007 Net Profit -9.9%; Comparisons Harsh

Πεμ, 21 Φεβρουαρίου 2008 - 03:11

Spanish power utility Endesa SA (ELE.MC) Thursday said net profit fell 9.9% last year due to unfavorable comparisons with 2006 results that were boosted by extraordinary gains.

RWE, REpower To Negotiate Agreements For Up To 1,900 MW

Πεμ, 21 Φεβρουαρίου 2008 - 03:09

RWE Innogy, RWE AG's (RWE.XE) subsidiary specializing in renewable energies and REpower Systems AG (RPW.XE) have signed a Memorandum of Understanding for the negotiation of framework agreements involving a volume of up to 1,900 megawatts.

Polish Treasury Min: Not Working On PKN Orlen-Lotos Merger

Πεμ, 21 Φεβρουαρίου 2008 - 03:08

Poland's Treasury isn't at present working on any merger between the country's oil refiners PKN Orlen SA (PKN.WA) and Grupa Lotos SA (LTS.WA), Deputy Treasury Minister Krzysztof Zuk said Thursday.

EdF, Iberdrola Ready For Imminent Spanish Energy M&A

Τετ, 20 Φεβρουαρίου 2008 - 05:05

Spain's Iberdrola SA (IBE.MC) and Electricite de France (1024251.FR) Wednesday indicated that they're gearing up for a takeover battle that may reshape Spain's power utility industry, ahead of the general elections to be held here on March 9.

Gazprom Exec: Optimistic Nigeria Deal In The Offing

Τετ, 20 Φεβρουαρίου 2008 - 05:03

Russian gas giant OAO Gazprom (GAZP.RS) is optimistic talks with the Nigerian authorities will result in a deal, a Gazprom executive said Wednesday in Abuja.

Iranian Opposition:Tehran Accelerated Nuclear Weapons Program

Τετ, 20 Φεβρουαρίου 2008 - 05:02

An exiled Iranian opposition group Wednesday said Tehran has accelerated its alleged nuclear weapons program, including the production of nuclear warheads.

Bulgaria joint venture

Τετ, 20 Φεβρουαρίου 2008 - 04:43

Federal Development LLC, a Washington, DC-based real estate investment company, will set up a joint venture with Petrol Holding AD, majority owner of Bulgaria’s biggest fuel retailer. The two companies signed an agreement in Washington yesterday to create Federal Bulgaria Management AD. The project may invest as much as $3 billion over the next decade, according to the statement.

Turkish markets

Τετ, 20 Φεβρουαρίου 2008 - 04:42

Turkish assets traded sideways yesterday as investors awaited new market-moving data from the United States today and the publication of minutes from the US Federal Reserve’s last rate-setting meeting.

Heating fuel

Τετ, 20 Φεβρουαρίου 2008 - 04:39

The possibility of a strike by fuel distributors seemed to recede yesterday after representatives said the government had met its pledge to reimburse them with tax rebates due 24 hours ahead of the deadline. On Sunday, the Gasoline Station Owners’ Federation voted to shun the new system of heating fuel distribution, which was launched on Friday and is designed to fight illegal fuel trading, if the Finance Ministry failed to meet the three-day deadline. A number of distributors, however, still oppose the new system.

Croatia soon set to move on a liquefied natural gas terminal

Τετ, 20 Φεβρουαρίου 2008 - 04:37

Croatia should soon define a location for its Adriatic liquefied natural gas (LNG) terminal and sign an agreement with foreign partners to kick off its building, a top Croatian energy official said yesterday.

Heating Oil Market is Facing Shortages, but not a Strike

Τετ, 20 Φεβρουαρίου 2008 - 04:30

The heating oil market in Attica faced some serious supply problems yesterday, making it particularly difficult for those who defied forecasts and the threats from suppliers and had not filled their tanks in advance.

Russian Min, EdF May Enter Inter RAO Cap - Vedomosti

Τετ, 20 Φεβρουαρίου 2008 - 03:32

Ministry of Industry and Energy has offered energy giant Electricite de France (1024251.FR), or EdF, participation in the capital of Inter RAO, the newspaper Vedomosti reported Wednesday.