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Bush Cites Progress On Oil

Bush Cites Progress On Oil

SHARM EL-SHEIKH, Egypt -- President Bush says "there's a hope" that, after his talks with Saudi King Abdullah seeking to restrain oil prices, OPEC "would be encouraged to authorize an increase in production," a White House official said

Putin Visits Sofia to Cement Ties with New EU Member

Putin Visits Sofia to Cement Ties with New EU Member

Russian President Vladimir Putin will seek closer energy ties with Bulgaria during a visit to Sofia starting today, but faces protests over the former Soviet satellite state’s growing economic contacts with Moscow

Bulgaria Considers Reopening Contested Nuclear Plants

Bulgaria Considers Reopening Contested Nuclear Plants

Plagued by electricity shortages, Bulgaria yesterday announced it was considering plans to reopen nuclear reactors it had to shut down before joining the European Union a year ago.

Slovakia Drops Lawsuit Against EU Over CO2 Cap - Reuters

Slovakia Drops Lawsuit Against EU Over CO2 Cap - Reuters

The Slovakian government has dropped a law suit filed against the European Commission over its carbon dioxide national allocation plan for 2008-2012, Reuters reported Wednesday, citing a spokeswoman for the Slovak government.

Sofia Halts Power Exports

Sofia Halts Power Exports

Bulgaria has temporarily halted electricity exports to meet high domestic demand due to the freezing weather, the country's energy minister said yesterday.

CEZ Aims To Be Competitor In Power Generation In Slovakia

CEZ Aims To Be Competitor In Power Generation In Slovakia

CEZ AS (BAACEZ.PR), a Czech-based electricity company with operations throughout central and southeastern Europe, plans to become a strong competitor on Slovakia's power generation market, the company's head of electricity sales said Wednesday.

Bush Hopeful OPEC Will Be Encouraged To Raise Oil Production

Bush Hopeful OPEC Will Be Encouraged To Raise Oil Production

President Bush says "there's a hope" that as a result of his conversations this week with Saudi King Abdullah, the Organization of Petroleum Exporting Countries "would be encouraged to authorize an increase in (oil) production," White House Press Secretary Dana Perino told reporters on Wednesday.

Gazprom Increases Its Offer For Serbian Oil Co - FT

Gazprom Increases Its Offer For Serbian Oil Co - FT

Russia's state-controlled gas monopoly OAO Gazprom (GAZP.RS) has raised its initial EUR400 million ($592 million) bid for 51% in Serbia's national oil and gas company Naftne Industrije Srbije, The Financial Times reports Monday.

Saudi Sabic, Osos Sign Deal For $1 Bln Yanbu Petchem Project

Saudi Sabic, Osos Sign Deal For $1 Bln Yanbu Petchem Project

Saudi Basic Industries Corp., the world's largest petrochemicals company by market value, said Tuesday it signed a preliminary deal to develop a $1 billion petrochemicals project at the Red Sea city of Yanbu.

Celtic Resources Owns 4.49% In Victoria Oil & Gas

Celtic Resources Owns 4.49% In Victoria Oil & Gas

Victoria Oil & Gas PLC (VOG.LN) Wednesday said Celtic Resources Holdings PLC (CER.LN), a Kazakhstan gold-mining company, has acquired a 4.49% stake in the Moscow-based energy company with operations in Russia.

Egypt, Turkey Warn Against War On Iran -AFP

Egypt, Turkey Warn Against War On Iran -AFP

Egypt and Turkey on Tuesday warned against war on Iran and called for a peaceful solution to the nuclear standoff, as U.S. President George W. Bush toured the region in a bid to isolate Tehran.