Gazprom Reports Record Gas Exports as Europe Shivers
Russia's Gazprom said on Saturday its daily supplies of natural gas to countries outside of the former Soviet Union have reached a record high due to cold weather in Europe. Gazprom pumped 615.5 million cubic metres of gas to countries outside the former USSR borders on Jan. 6, beating its previous record hit on Jan.
Tanzania raises power tariffs by 8.5%
Tanzania's energy regulator has approved a power tariff hike of 8.53 percent by the state-run utility, less than half of what the utility said it needed to stem losses. The Tanzania Electric Supply Company (TANESCO) had sought an 18.19 percent tariff increase to snap a…
Tajikistan Building World's Tallest Dam for Hydro Plant
Tajikistan on Saturday diverted the flow of a major river to start building the world's tallest dam and the main element of the Rogun hydroelectric power plant, a $3.9 billion project which Dushanbe hopes will secure its energy independence. The Central Asian nation which…
Ukraine to Triple Gas Imports from Russia
Ukraine has asked for 1 billion cubic metres of gas imports from Russia in April, trebling the amount it received in March, Russian Energy Minister Alexander Novak said on Saturday. On Thursday, Ukraine's state gas concern Naftogaz and Russia's Gazprom signed an interim…
Egypt Court Acquits Ex-oil Minister of Corruption Charges
An Egyptian court acquitted former oil minister Sameh Fahmy of charges of selling cheap gas to Israel and squandering public funds and threw out his 15-year jail sentence, a judicial source said on Saturday. Fahmy was first arrested and held in custody in April 2011. Prosecutors…
Air Strikes on Port of Misrata
Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said. Fighting was also reported near the country's biggest oil export port located in the east…
Denmark Plans to Phase Out Coal by 2025
Denmark should ban coal use by 2025 to make the Nordic nation a leader in fighting global warming, adding to green measures ranging from wind energy to bicycle power, Denmark's climate minister said on Saturday. Denmark has already taken big steps to break reliance on…
Auditor Refuses to Sign Off Brazil Petrobras' Q3 Results
Brazil's Petrobras failed to get its third-quarter earnings approved by PriceWaterhouseCoopers as the auditing firm demanded wider investigation into a corruption scandal plaguing the state-run oil company, newspaper O Estado de S.Paulo said on Saturday. Directors of Petroleo Brasileiro SA…
Yemen Restarts Main Oil Export Pipeline
Yemen resumed exports from its main oil pipeline on Saturday, one day after an attack by tribesmen temporarily halted flows, industry sources said. Yemen's oil and gas pipelines have been repeatedly sabotaged, often by tribesmen who have feuds with the central government…
Areva to Cut Investments to Avoid Ratings Downgrade
French state-owned nuclear power group Areva will likely decide this week to scale back investments in order to avoid having its credit rating downgraded to junk status, weekly newspaper Le Journal du Dimanche said. The paper, citing unnamed sources, said Areva's board is expected to decide on investment and spending cuts on Tuesday…
Colombia's Oil Sector Rejects Proposed Tax Reform
Colombia's oil sector on Saturday hit out at a proposed tax reform that the government has presented to Congress, arguing that higher duties on corporate earnings would damage the already troubled driver of the economy. A bill was presented to Congress on Friday that seeks…
Israel Accepts 1st Delivery of Disputed Kurdish Oil
A tanker delivered a cargo of disputed crude oil from Iraqi Kurdistan's new pipeline for the first time on Friday in Israel, despite threats by Baghdad to take legal action against any buyer. The SCF Altai tanker arrived at Israel's Ashkelon port early on Friday morning, ship tracking and industry sources said.
Senior U.S., Iranian Officials To Meet In Geneva
The United States said on Saturday it will send its No. 2 diplomat to Geneva to meet senior Iranian officials on Monday and Tuesday in what appeared an effort to break a logjam in wider negotiations over Tehran's nuclear program. Deputy Secretary of State Bill Burns, who…
Rosneft, BP To Explore For Shale Oil In Russia
Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company since the West imposed sanctions over Ukraine in March. Rosneft chief executive Igor Sechin, a close ally of President Vladimir Putin, has been targeted by U.S.
Rosneft Sale Proceeds Meant For State Budget - Minister
Russian Economy Minister Alexei Ulyukayev said on Saturday that proceeds from the state selling a stake in the country's largest oil producer should go to the federal budget and not to the energy holding Rosneftegaz. Russia is considering bringing forward its plans to sell 19.5 percent in the world's top listed crude producer.
Libyan's Zueitina Port To Open After Damages Assessed
Libya's eastern oil port of Zueitina, which had been occupied by rebels as part of an eight-month oil blockade, will reopen after damage at its facilities has been assessed, the country's justice minister said on Sunday. Salah al-Merghani also told reporters in the eastern…
Slovakia agrees To Ship Limited Gas To Ukraine
Slovakia and Ukraine have reached an agreement on opening up limited capacity for reverse flow of natural gas from central Europe to Ukraine and will sign the deal on Monday, the Slovak Economy Ministry said on Saturday. Ukraine is trying to secure alternative supplies…
