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Eni and Rosneft signed agreements on oil supplies to Europe
Russia's Rosneft, the world's top listed oil producer, and Italy’s Eni have signed an agreement regarding oil supplies to European refineries. The new strategic accord was signed amid increased cooperation and growing trades between Russia and Italy. Under the terms of the deal, Rosneft would furnish something like 1 million tonnes of oil to Eni's refineries, while Eni would supply 400,000 tonnes.
read more... 03/12/2013
Croatia inks a deal to establish power exchange
Croatia's energy market operator, HROTE, and the country's transmission system operator, HOPS, signed on 7 November 2013 an agreement on cooperation in establishing Croatia's power exchange.
read more... 12/11/2013
The China-Myanmar gas pipeline was completed and is fully operational
China National Petroleum Corp. has announced that the China- Myanmar gas pipeline was completed on Sunday and has gone fully operational. The project, extending more than 2500 km from western Myanmar to southwest China, will help the world's second-largest economy to supply its growing energy requirements.
read more... 21/10/2013
EBRD to finance three new wind farms in Poland
The EBRD is providing a long-term loan of more than 69 million euros to PEPSA, a group of three special-purpose companies fully owned by Polish Energy Partners S.A, aiming to support the construction and operation of three wind farms in northern and north-eastern Poland. They are Gawłowice with a total capacity of 41.4 MW, Rajgród with 25MW and Skurpie 37 MW.
read more... 09/10/2013
Daily: Crude oil prices pare losses after pipeline resumes activity
Crude oil prices on both sides of Atlantic pared losses on Monday as operations of the Seaway oil pipeline delivering crude oil from Cushing, Oklahoma to Gulf Coast refineries, resumed after a short shutdown. Cushing represents the delivery point for the U.S. oil futures contract. Meanwhile, U.S. crude oil dropped by 81 cents to settle at $103.03 a barrel, after trading close to $2 a barrel lower at $101.86 earlier in the session. The contract dipped below the 100-day moving average of $102.45. Brent crude futures pared earlier losses to settle 22 cents higher at $109.68 per barrel, after earlier trading as low as $107.89.
read more... 08/10/2013