Centrica to cooperate with Statoil

Note: This section contains information in English only.
Source: BBC

The British utility company Centrica signed a 10-year contract with Norway Statoil. The contract is worth ВЈ13bn and envisages Centrica purchases 5bn cubic metres of gas per year from Statoil. The amount of natural gas bought is over 5% of the total UK's gas consumption between 2015-2015. The deal will increase Centrica's production by 25% and will enhance the UK energy security.

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Mon, 21 Nov 2011 10:26:04 GMT

Euro-zone banks increase deposits in ECB

The deposits of the Euro-zone banks in the ECB have been increasing for eight days already indicating low confidence in the local markets. Banks deposited EUR236.781 billion in the ECB, reported on Monday as compared to EUR230.899 billion on Thursday.  The banks prefer to deposit in the ECB than lending to another banks because of growing risk of recession, said Mario Draghi, the president of

Mon, 21 Nov 2011 10:25:20 GMT

Canadian CPI exceeds the foreacst

CPI in Canada increased more than expected in October to 0.2 % while analysts expected the indicator to rise by 0.1%, showed the official data. The Canadian dollar fell against the USD by 0.41% in early trading being 0.9691USD.

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