Nabucco encounters competition for Azerbaijan gas.

04/10/2010 10:10 Natural Gas


The talks with Baku for turn out to be more complicated than first estimated as the Azeri government declared that the contract will go to whoever offers the highest price.

In this context, Dimitar Abadjiev, Nabucco Gas Pipeline International's head of corporate affairs said that Iraq looks more reliant, they’re much less dependent on Russia, plus it’s on the border with Turkey, thus they already had preliminary talks. The main contender of Nabucco for the gas is the Russian Gazprom whom declared that they basically had the best price compared to the other contract seekers. The result of the negotiations will be made official later this year. Abadjiev also said that they projected to see the first gas from Iraq and Azerbaijan in 2015.

S. Arabia and Russia to boost energy cooperation

15/10/2019 09:01:00

Saudi Arabia and Russia are set to form a new alliance for investments in energy and infrastructure, according to Russia's Energy Minister Alexander Novak on Monday.


Daily (14.10.2019): Brent crude climbed by over 2.4% on Friday, following an Iranian tanker explosion in the Red Sea

14/10/2019 11:48:00

Crude oil prices soared on Friday, bolstered by rising tensions in the Middle East following a missile attack on an Iranian tanker. Hence, Brent crude traded 2.4% up at $60.51, while WTI futures rose by 2.2% to $54.70 a barrel.


Repsol sets up renewables unit

11/10/2019 16:01:00

Spanish oil business Repsol has established a renewable energy subsidiary, Repsol Renovables and plans to have 4.5 GW of clean energy generation capacity in 2025. And the fossil fuel giant claims it already has a clean energy pipeline in place sufficient to hit 90% of that ambition.