Nabucco, Shah Deniz partners to sign Equity Option and Funding Agreement
Nabucco gas pipeline project's shareholders, Nabucco Gas Pipeline International Gmbh (NIC) and the partners on Azerbaijani Shah Deniz gas condensate field development and Nabucco project's potential investors (SOCAR, BP, Statoil and Total), have agreed on Equity Option and Funding Agreement.
Turkey intends to acquire oil fields in Libya
Turkey plans to acquire new oil fields in Libya at the Fizan block, the Sabah newspaper quotes Turkish Energy and Natural Resources Minister Taner Yildiz as saying on Monday.
Energy ties with Russia get priority
The National Assembly (NA) of Viet Nam pays great attention to the co-operation the country shares with Russia in the energy sector and is constantly working to create favourable conditions for Russian enterprises to increase their investment in Viet Nam , according to NA Vice Chairwoman Nguyen Thi Kim Ngan.
Iran's Oil Exports Down 40 Percent Due To Sanctions
A top Iranian official says the country's oil exports have been slashed 40 percent in the past nine months by Western sanctions.
Feasibility Study for Bulgaria-Serbia Gas Interconnection Completed
Bulgaria's Deputy Economy Minister noted that the existence of gas grid interconnections would give Bulgaria the opportunity to develop the gas market and to persuade the European Commission that it took the problem seriously.
Power pricing reform is necessary
The guidelines will abolish electricity and coal contracts from 2013. Coal companies and power plants will be able to settle coal prices through negotiations, says an article in 21st Century Business Herald.
India, Russia sign defence deals during Putin's visit
Russia has concluded a challenging 2012 in India with three deals involving additional fighter aircraft and helicopters.
Russian nod for India’s bid to link south with central Asia
India's pet project to link south with central Asia got support from Russian president Vladimir Putin. During their talks in New Delhi last week, Singh and Putin agreed to unfreeze the north-south corridor through Iran within the next year. India has taken the lead role in pushing for the completion of this project.
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