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Turk N-plant Project to Start in February

Πεμ, 29 Νοεμβρίου 2007 - 03:34

Turkish authorities are expected to invite bids for the construction of the country’s first nuclear power plant in February, Energy Minister Hilmi Guler said yesterday.

Power Price Hikes Set to Hurt Medium-Use Consumers Most

Πεμ, 29 Νοεμβρίου 2007 - 03:29

Development Minister Christos Folias is expected to signature tomorrow the decision regarding the electricity rate rises, based on the proposal submitted to him yesterday by the Regulatory Authority for Energy (RAE).

Turkey To Invite Bids For Nuclear Plant In April

Πεμ, 29 Νοεμβρίου 2007 - 01:18

ISTANBUL (Dow Jones)--Turkish Energy Minister Hilmi Guler said Wednesday the government plans to invite bids for a tender to construct the country's first nuclear power plant in April 2008, the Ihlas News Agency, or IHA, reported.

As Oil Hits Records, All Eyes On OPEC December Meeting

Τετ, 28 Νοεμβρίου 2007 - 09:01

NEW YORK (Dow Jones)--With only its third heads of state summit out of the way, all eyes are on the Dec. 5 OPEC output policy meeting as oil prices again hit record highs Tuesday. Heads of state from the Organization of Petroleum Exporting Countries ruled out making any changes to oil output at the weekend summit - only the third in its 47-year history.

OPEC Price Hawks May Gain Ally In Ecuador's Return

Τετ, 28 Νοεμβρίου 2007 - 08:55

Ecuador, OPEC's tiniest oil producer when it left the cartel in 1992, says it has been welcomed back. Carrying a fat check to cover $5 million in back dues, and its sliding oil output of around 500,000 barrels a day, Ecuador says it wants a seat at the Nov. 17 OPEC heads of state summit in Riyadh, Saudi Arabia.

Saudi Oil Min:OPEC Needs To Look At Data Then Decide On Policy

Τετ, 28 Νοεμβρίου 2007 - 02:36

Saudi Arabia Minister of Petroleum Ali Naimi said Wednesday that the Organization of Petroleum Exporting Countries needs to look at data on the global oil market to decide whether it needs to increase output further.

Hungary MOL Declines To Comment On Rumored Premier Oil Buy

Τετ, 28 Νοεμβρίου 2007 - 02:35

Hungarian oil and gas company MOL Nyrt. declined to comment Wednesday on market speculation and media reports that the company is eyeing U.K-listed Premier Oil as a potential acquisition target.

Russian UES Sells 25% Stake In Power Machines For $486M

Τετ, 28 Νοεμβρίου 2007 - 02:31

Power utility RAO Unified Energy System of Russia, or UES, said late Tuesday it has agreed to sell its 25% stake plus one share in turbines maker OAO Siloviye Mashiny , or Power Machines.

French Govt Considers Freezing Natural Gas Tariffs - Report

Τετ, 28 Νοεμβρίου 2007 - 02:29

French president Nicolas Sarkozy is considering freezing natural gas tariffs to help boost French households' spending power, French daily Le Figaro reported Wednesday, citing a source close to the French government.

Some OPEC Members Seek Non-Dlr Payment For Oil-Venezuela Min

Τρι, 27 Νοεμβρίου 2007 - 05:22

Venezuela will continue to push a proposal within the OPEC to find a new reference measure for crude prices and to eventually demand payment for crude in some other currency than the dollar, the country's oil minister said Tuesday.

Gazprom, Sibur, Dow Chemical Ink Memo To Set Up JV

Τρι, 27 Νοεμβρίου 2007 - 05:20

Russia's natural gas monopoly OAO Gazprom , petrochemical company Sibur Holding and U.S.-based Dow Chemical signed a memorandum on cooperation, Gazprom said Tuesday.

Gazprom Neft Buys Two Hydrocarbon Fields In Western Siberia

Τρι, 27 Νοεμβρίου 2007 - 05:18

OAO Gazprom Neft, 90%-owned by parent company OAO Gazprom , said Tuesday it has bought two oil fields in Western Siberia's Yamalo-Nenets Autonomous Region.

Kozloduy Is Back

Τρι, 27 Νοεμβρίου 2007 - 05:16

Bulgaria’s nuclear power plant Kozloduy reconnected a 1,000 megawatt reactor to the national grid after it was shut down following a steam leak on Saturday, it said yesterday.