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Energoinvest in Libyan deal

Bosnia’s largest engineering group Energoinvest has clinched a new $52 million deal with Libya to build power transmission lines and a transformer station, General Manager Dzemail Vlahovljak said yesterday.

PPC dismisses union claims on cooperation with RWE

The Public Power Corporation (PPC) has decided to toughen its stance toward its employee union (GENOP), making it clear it will not give in as far as the company’s cooperation with German firm Rheinisch-Westfalisches Elektrizitatswerk (RWE) is concerned.

French Govt Allows GdF Tariffs To Go Up 4% On Jan. 1 -Source

French utility Gaz de France (1020848.FR) has received the green light from the French government to raise its tariffs for French consumers by 4% from Jan. 1, a person close to the matter Thursday said.

CEZ Agrees To Take On 1-Yr Loan From ING To Fund MOL Deal

PRAGUE (Dow Jones)--Czech electricity utility CEZ AS (BAACEZ.PR) said Thursday it has agreed to take a one-year loan from a bank syndicate, led by ING Bank NV, to finance its acquisition of 7% of Hungarian energy company MOL NYRT (MOL.BU).

Nymex Crude Clears $96/Bbl; Turkey-Kurd Tension

NEW YORK (Dow Jones)--Crude oil futures soared past $96 a barrel to their highest level in nearly a month Wednesday, led by fears of a supply disruption from Turkish air strikes inside Iraq and a weaker dollar.

DJ Turkey Ctrl Bk: Cautious On Gas, Electricity Price Hikes-IHA

Turkey's central bank said Thursday it will act with caution due to the government's plans to raise electricity and natural gas prices, Ihlas news agency, or IHA, reported

Sofia to challenge EU regulations on carbon dioxide emissions

The Bulgarian government will make a legal challenge to a European Commission order to cut carbon dioxide emissions quotas for 2008-2012, Foreign Minister Ivaylo Kalfin said on Friday. “Bulgaria will launch court proceedings at the European Court of Justice as the decision to severely reduce our CO2 quota makes things very difficult for industry,” Kalfin told a press conference.

Iran gas may transit Greece

Iran and Italian power company Edison are nearing agreement on a deal to pump more than a billion cubic feet of Iranian gas to Europe per day, the Iranian oil minister said yesterday.“We have almost finalized our negotiations with the Italian company Edison,” Iranian Oil Minister Gholam Hossein Nozari told state television.

Enel set to expand in Romania and elsewhere, according to firm’s CEO

Italy’s power utility giant Enel has ended its expansion drive by acquisition and begun focusing on developing its operations in Romania and other countries where it has a presence, according to its chief executive. “The phase of the big expansion via acquisitions has come to an end with Endesa and OGK-5,” Fulvio Conti told the Borsa & Finanza weekly business newspaper, published on Saturday.

Russian Resources Min Slams Gazprom, TNK-BP Over Kovykta

MOSCOW (Dow Jones)--Russian Natural Resources Minister Yury Trutnev Monday accused the country's gas monopoly OAO Gazprom (GAZP.RS) and TNK-BP Holding (TNBP.RS) for not presenting the terms of the Kovykta gas field exploration.

Gazprom Considers Increasing Its Stake In TGK-1

MOSCOW (Dow Jones)--Russia's state-controlled gas monopoly OAO Gazprom (GAZP.RS) is considering increasing its stake in power generating company OAO TGK-1 (TGKA.RS), Interfax agency reported Monday, quoting Gazprom's chief executive Alexei Miller.

France's CEA Requires EUR6B From Areva Shr Sale

US Govt Disregarded Warnings On Pvt Security In Iraq

NEW YORK (Dow Jones)--The U.S. government disregarded numerous warnings over the past two years about the risks of using Blackwater Worldwide and other private security firms in Iraq, The Washington Post reports in its Monday edition, citing government officials, private security firms and documents.