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PPC Plan for New Plan Faces Local Opposition

PPC Plan for New Plan Faces Local Opposition

The Public Power Corporation (PPC), Greece’s biggest electricity producer, is facing local resistance to its plans to build a plan in the town of Elefsina, west of Athens. Elefsina “states its opposition to the construction of a giant electricity production plant”, the municipal council said today in an e-mailed statement, citing a citizens’ group. Christos Christakis, a spokesman for the group and a local councilor, confirmed the statement in a telephone interview.

Greece to Face UN on Emissions

Greece to Face UN on Emissions

Greece will next month have to explain its poor record in measuring carbon dioxide (CO2) emissions to the United Nations compliance committee for the Kyoto Protocol, European Environment Commissioner Stavros Dimas said.

Putin Seals Balkan Energy Deals to Boost EU Supplies

Putin Seals Balkan Energy Deals to Boost EU Supplies

Russian President Vladimir Putin, on his last planned foreign trip as Kremlin leader, sealed pipeline and nuclear power accords with Bulgaria, strengthening Russia’s role as an energy supplier to the European Union.

Greece Waiting on Gas Talks

Greece Waiting on Gas Talks

Tehran and Ankara are still in talks on resuming Iranian gas flows to Turkey, Energy Minister Hilmi Guler said yesterday, adding that Turkey had no immediate plans to restore its gas flow to Greece.

HELPE May Respond to Falling Profits with Cut in Processing

HELPE May Respond to Falling Profits with Cut in Processing

Hellenic Petroleum (HELPE), Greece’s biggest oil company, may cut crude processing rates should profit margins continue to fall. “We haven’t done anything yet, but it’s only been in the last 20 days or so that margins have been affected,” said George Grigoriou, an investor relations officer with HELPE.

Pipeline Fire, Tanker Blast In Southern Nigeria -AFP

Pipeline Fire, Tanker Blast In Southern Nigeria -AFP

A major oil pipeline belonging to Italian oil company Agip caught fire and a tanker truck exploded in separate incidents Monday in southern Nigeria, military and industry sources said.

Iran: West Looking For Excuses To Act Vs Its Nuclear Program

Iran: West Looking For Excuses To Act Vs Its Nuclear Program

Western countries are just looking for excuses to act against Iran's atomic program but their efforts will be in vain as the Tehran will continue working with the U.N.'s nuclear watchdog, a government official said Monday.

TomCo Energy Signs Letter Of Intent With Avenue Grp

TomCo Energy Signs Letter Of Intent With Avenue Grp

TomCo Energy announced Monday that it has Monday signed a Letter of Intent (LOI) with Avenue Group, a NY based U.S. listed Oil & Gas Company, and its wholly-owned subsidiary Avenue Energy Israel, to acquire a 50%. interest in the Heletz-Kokhav License awarded to AEI by the Israel Petroleum Commission.

Abu Dhabi To Invest $15B Under Masdar Energy Initiative

Abu Dhabi To Invest $15B Under Masdar Energy Initiative

Abu Dhabi, the largest U.A.E. emirate and holder of almost all of the country's oil reserves, will spend as much as $15 billion on its Masdar initiative dedicated to alternative and sustainable energy, a top government official said Monday.

German Regulator Confirms Cuts RWE,EnBW,Vattenfall Grid Fees

German Regulator Confirms Cuts RWE,EnBW,Vattenfall Grid Fees

German power network regulator, the Bundesnetzagentur, Friday confirmed that it has cut grid access fees for the electricity transmission grids operated by RWE AG (RWE.XE), EnBW Energie Baden-Wuerttemberg AG (EBK.XE) and Vattenfall Europe AG (VTT.XE).

Hungarys MOL, Indias ONGC Sign Cooperation Agreement

Hungary's MOL, India's ONGC Sign Cooperation Agreement

Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Friday that it will sign later Friday a cooperation agreement with India's Oil & Natural Gas Corp., or ONGC (500312.BY).

Norway Oil, Gas License Round Attracts Big Interest

Norway Oil, Gas License Round Attracts Big Interest

Interest in Norway's 20th oil and gas licensing round has risen considerably, Norway's Ministry of Petroleum and Energy said Friday, with nominations received from 46 companies for 301 blocks or parts of blocks.