English Edition

In Iran Reversal, Bureaucrats Triumphed Over Cheney

Δευ, 14 Ιανουαρίου 2008 - 02:58

As President Bush arrives in Saudi Arabia today, America's Arab and Israeli allies have been buzzing about the recent sea change in Washington's perception of Iran. The December report by the U.S.'s top spy office stating Iran had abandoned its effort to build nuclear weapons was one of the biggest U-turns in the recent history of U.S. intelligence

Oil-Field Pact Boosts Stake For Kazakhstan

Δευ, 14 Ιανουαρίου 2008 - 02:41

LONDON -- A long-running dispute over one of the world's biggest oil-development projects was finally resolved last night with an agreement to let the Kazakhstan state oil and gas company double its stake in the multi-billion-dollar venture.

Saudi State Bank Urges Govt To Alter Dollar Peg -FT

Δευ, 14 Ιανουαρίου 2008 - 02:37

The chief economist of Saudi Arabia's National Commercial Bank urged the government to consider altering the riyal's peg to the U.S. dollar, and to diversify its assets by setting up a sovereign fund to boost returns and reduce exposure to the U.S. currency, The Financial Times reported Sunday.

RWE in Nabucco?

Δευ, 14 Ιανουαρίου 2008 - 01:37

Germany's RWE might become the sixth partner in the Nabucco natural gas pipeline, which aims to transport Caspian basin gas to Central Europe, Turkish Energy Minister Hilmi Guler said.

Ankara Gas Distribution Co Sale; 23 Cos Interested -IHA

Παρ, 11 Ιανουαρίου 2008 - 08:09

ISTANBUL (Dow Jones)--Twenty-three foreign and domestic firms purchased bid specifications in the tender for the sale of Baskent Dogalgaz AS, which distributes gas in the capital Ankara, the company's general manager Veysel Karani Demir said Friday, the Ihlas News Agency, or IHA, reported.

Iranian Pres Vows To Restore Domestic Gas Supply - AFP

Παρ, 11 Ιανουαρίου 2008 - 04:00

TEHRAN (AFP)--Iranian President Mahmoud Ahmadinejad Friday made an unannounced visit to an Iranian province badly hit by gas cuts in the coldest weather in years, vowing to do all he could to restore supplies.

Kazakhstan Considers Ending PSA With Agip - Interfax

Παρ, 11 Ιανουαρίου 2008 - 03:58

ASTANA, Kazakhstan (Dow Jones)--Kazakhstan's Energy and Natural Resources Ministry is examining the possibility of severing the North Caspian project production-sharing agreement with the international Agip KCO consortium, news agency Interfax reported Friday.

DJ Kirkuk Oil Flow To Ceyhan Stopped; Turkish Army Shells Border Area In N Iraq

Παρ, 11 Ιανουαρίου 2008 - 03:52

Turkish Bombardment in N.Iraq Interrupts Kirkuk Oil Flow

Eni Seals GBP1.74B Takeover Of Burren Energy

Παρ, 11 Ιανουαρίου 2008 - 03:44

LONDON (Dow Jones)--Eni SpA (E), Italy's largest oil and gas company by volume, Friday claimed 77.42% of U.K. peer Burren Energy PLC (BUR.LN), drawing a line under its GBP1.74 billion takeover bid.

Higher Bids for Bulgarian Nuclear nit

Παρ, 11 Ιανουαρίου 2008 - 03:38

All five foreign bidders for a 49 percent stake in Bulgaria’s planned nuclear power plant of Belene submitted improved offers yesterday, state power utility NEK said.

PPC in JV for Plant in Elefsina

Παρ, 11 Ιανουαρίου 2008 - 03:35

The Public Power Corporation (PPC), Greece’s biggest electricity producer, and Halyvourgiki, a privately held steelmaker, plan to jointly build a power plant southwest of Athens.

Gazprom Eyeing Gas From Azerbaijan's Shah Deniz - Vedomosti

Παρ, 11 Ιανουαρίου 2008 - 02:49

Russian natural gas monopoly OAO Gazprom (GAZP.RS) is interested in buying gas from the Azerbaijan's Shah Deniz field in the Caspian Sea, the business daily Vedomosti reported Friday, citing an unnamed source at Gazprom and a member of the project's development consortium.

City Of Budapest Picks MVM To Buy Its Elmu Stake

Παρ, 11 Ιανουαρίου 2008 - 02:46

The city of Budapest picked state-owned Hungarian electricity wholesaler MVM Zrt. to buy its 10.5% stake in power distributor Elmu Zrt. (ELMU.BU), fellow bidder, German power giant RWE AG's (RWE.XE) spokesman Wolfgang Schley told Hungarian business daily Vilaggazdasag.

Renewables Indus Seen Untouched By Govt's Nuclear Pwr Push

Παρ, 11 Ιανουαρίου 2008 - 02:44

The U.K. government's widely anticipated decision Thursday to back a new generation of nuclear power plants is unlikely to derail investment in the country's burgeoning renewables sector as atomic projects will still have to compete on cost and return, industry officials said this week.

Gulf Keystone Petrol: Oil Field Development Plan Approved

Πεμ, 10 Ιανουαρίου 2008 - 06:48

Gulf Keystone Petroleum announced Thursday with SONATRACH the approval by ALNAFT (the Hydrocarbon National Agency), of the proposed Development Plan for the GKN and GKS oil fields (60% Working Interest, 30% Net Revenue Entitlement) located in North Algeria, South East Constantine basin, Block 126a.

Polish PGNiG In Advanced Talks With 3 Potential LNG Suppliers

Πεμ, 10 Ιανουαρίου 2008 - 06:41

Polish gas company Polskie Gornictwo Naftowe i Gazownictwo, or PGNiG (PGN.WA) is in advanced talks with three potential suppliers of liquified natural gas for the regasification terminal to be built by the end 2011, a company executive said Thursday.