Latest news
OPEC agrees to keep its output quota unchanged
The world’s largest cartel, OPEC, at its quarterly meeting in Vienna on Thursday, decided to keep its production quota steady at 30 million barrels a day, maintaining its status quo in order to fade out strong disagreements between members.
read more... 18/06/2012
Turkey to reduce oil imports from Iran
Turkey announced its intention to reduce oil imports from Iran, replacing them by the Saudi and Libyan oil, in order to avoid US sanctions after official trade data showed very high imports in April.
read more... 13/06/2012
Saudi Arabia to become a major solar market
Saudi Arabia, as the largest oil producer, is planning to place more focus on renewable energy generation in order to curb its oil consumption.
read more... 14/05/2012
Enel Green Power inks financing agreement worth EUR 180m
Enel Green Power, a major global operator in the sector of renewable energy generation, through its subsidiary has inked a financing deal with the export Credit Agency and Citigroup in Dania in order to secure 180 million euros to finance the construction of three wind farms.
read more... 07/05/2012
BP to register a drop in its profit
BP registered a drop in its profit higher than expected because of weaker production prompted by the need to sell oil fields in order to pay for the disaster occurred in the Gulf of Mexico.
read more... 01/05/2012