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Russian Stabilization Fund RUB3.849 Trillion Jan 1 - Report

Russian Stabilization Fund RUB3.849 Trillion Jan 1 - Report

MOSCOW (Dow Jones)--The assets in Russia's Stabilization Fund rose to RUB3.849 trillion rubles ($157.50 billion) as of Jan. 1, up from RUB3.517 trillion the previous month, Interfax news agency reported Wednesday, citing a release from the Finance Ministry.

WSJE:Kazakhstan, Oil Co Consortium Mtg For Jan 11 Postponed

WSJE:Kazakhstan, Oil Co Consortium Mtg For Jan 11 Postponed

What was supposed to be a decisive meeting scheduled for Friday to resolve the long-running dispute between the government of Kazakhstan and a consortium of foreign oil companies developing the massive Kashagan field has been postponed, according to people close to the negotiations.

German Power Regulator Sees Bottlenecks In Transmission Grids

German Power Regulator Sees Bottlenecks In Transmission Grids

FRANKFURT (Dow Jones)--Germany's electricity grid regulator, the Bundesnetzagentur, Wednesday said delays in approval procedures for investment in power transmission networks could result in supply bottlenecks and rising power prices.

Aktor, Terna Pull out of Sofia Metro

Aktor, Terna Pull out of Sofia Metro

Aktor, a unit of Hellenic Technodomiki, and Terna have pulled out of a –185 million tender to build a section of the Sofia subway.

Euro Changeover Success in Cyprus

Euro Changeover Success in Cyprus

The switch to the euro currency in Cyprus and Malta this year has so far been successful, European Union Monetary Affairs Commissioner Joaquin Almunia said yesterday.

Iranian Gas Flow Cut to Last

Iranian Gas Flow Cut to Last

Turkey expects a cut in its natural gas imports from Iran to last a long time while Russia, another key energy provider, is unable to allocate additional supplies, a senior Energy Ministry official said yesterday.

White House Warns Iran Over Hormuz Confrontation

White House Warns Iran Over Hormuz Confrontation

JERUSALEM (AFP)--The White House Wednesday warned Iran over a weekend confrontation between Iranian speedboats and U.S. warships in the Strait of Hormuz.

Kazakhstan Files Tax Claim Vs Kashagan Operator Agip

Kazakhstan Files Tax Claim Vs Kashagan Operator Agip

ALMATY, Kazakhstan (Dow Jones)--The Kazakh government has filed a tax claim against Eni SpA-led (E) Agip KCO, the operator of the giant Kashagan oil field in the Caspian Sea, Deputy Finance Minister Daulet Yergozhin was quoted by Interfax news agency as saying Wednesday.

Shell, Total Vie For Gas Field In Iraq

Shell, Total Vie For Gas Field In Iraq

LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB.LN) and Total SA (TOT) are vying to develop a huge gas field in what was Iraq's most violent province as a source for exports to Europe, The Times of London reports Wednesday, without citing sources

UK Cabinet Backs Building New Nuclear Power Stations -Reports

UK Cabinet Backs Building New Nuclear Power Stations -Reports

LONDON (Dow Jones)--U.K. ministers gave their backing to government plans for a new generation of nuclear power stations at Tuesday's cabinet meeting, just two days ahead of Thursday's announcement on their plans, The Financial Times reports without citing sources

EU Officials Say Carbon Plan Will Hurt Key Industries -FT

EU Officials Say Carbon Plan Will Hurt Key Industries -FT

BRUSSELS (Dow Jones)--Plans to curb carbon emissions in the European Union likely will force some heavy industries to leave the bloc, the Financial Times reported Wednesday, citing documents from the European Commission.

Greek Importers Report Increased Car Sales for 2007

Greek Importers Report Increased Car Sales for 2007

Last year proved to be the best of the last three in the local car market, with sales rising by 4.5 percent from 2006. In absolute figures, sales in 2007 reached 279,794 units, up from 267,706 units in 2006. If December 2007 had not registered a 17 percent annual decline, then the total rise would have been even greater.

Iran To Restart Exporting Natural Gas To Turkey Mon-IHA

Iran To Restart Exporting Natural Gas To Turkey Mon-IHA

TEHRAN (Dow Jones)--Iran will restart natural gas flow to Turkey from Monday, the country's Vice Minister of Oil Ministry in charge of natural gas Riza Kesaizade said Tuesday, the Ihlas News Agency, or IHA reported.

Sarkozy Vows To Defend French Companies From Foreign Funds

Sarkozy Vows To Defend French Companies From Foreign Funds

PARIS (Dow Jones)--French President Nicolas Sarkozy pledged Tuesday to actively defend French companies from the assault of foreign investment funds, giving way to a new wave of economic patriotism.