Madrid - The Spanish government will do all it can to keep the oil firm Repsol "independent and Spanish," Industry Minister Miguel Sebastian said Thursday, amid rumours that Russian oil giant Lukoil was considering a swoop for up to a third of the company's stock.
Spanish national radio reported that Lukoil was reportedly targeting a 20-per-cent stake in Repsol held by the construction company Sacyr Vallehermoso, which has been hit by Spain's construction crisis.
Criteria, a holding company of La Caixa bank, meanwhile admitted that it had maintained "informal contacts" with an unidentified party about the possibility of selling all or part of its 12.5 per cent stake in Repsol.
The executive officers of all public sector oil companies have decided to defer the indefinite strike by one week. Strike was called by their union demanding early disposal of higher wage issue by Union Government. The matter of high wages is pending before the government since January, 2007.
High wages have been recommended by Justice Rao Committee and a Committee of Secretaries has approved it for employees of all public sector units. But the union cabinet has failed to take any decision so far, forcing 50,000 officers in 14 oil PSUs to take extreme step.
Suzlon Energy, the biggest player in the wind turbine business in Asia and the fifth-largest worldwide, has decided to set up Solar Power Plant.
At the Indian Economic Summit, Tulsi R Tanti, Suzlon Energy chairman and Managing Director stated, "We are exploring the solar energy sector as India has enormous opportunity in solar and wind power."
Although he did not give any other financial details, he did mention identification of probable sites in Gujarat and Rajasthan, with an area of 10 acres required for one MW of solar power generation.
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 1.13 dollars Monday, as the cartel made a further downward revision in its demand outlook for 2009.
One barrel (159 litres) of OPEC crude stood at 47.96 dollars, compared with 49.09 dollars last Friday, the Vienna-based organization said Tuesday.
In its latest monthly market report, OPEC forecast 86.68 million barrels per day of crude-oil demand for next year, 530,000 barrels per day less than predicted in October.
Vienna - The price for crude oil produced by the Organization of the Pet
The executive officers of all public sector oil companies have decided to defer the indefinite strike by one week. Strike was called by their union demanding early disposal of higher wage issue by Union Government. The matter of high wages is pending before the government since January, 2007. 
Suzlon Energy, the biggest player in the wind turbine business in Asia and the fifth-largest worldwide, has decided to set up Solar Power Plant. 
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 1.13 dollars Monday, as the cartel made a further downward revision in its demand outlook for 2009.
