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Iranian leader to visit Turkey

Iranian President Mahmoud Ahmadinejad is expected to pay an official visit to Turkey in the upcoming weeks or months, diplomats said Sunday.

Suez-GDF Merger Process To Be Sped Up

PARIS (Dow Jones)--The merger between French gas company GDF (1020848.FR) and Suez (SZE.FR) will be sped up, with a tighter calendar than previously scheduled, the French daily newspaper Le Figaro reports in its Monday edition, without naming sources.

Libya Awards Gas Contracts To Shell,Gazprom,Sonatrach,PKN

TRIPOLI (AFP)--Libya Sunday awarded four gas exploration contracts to fuel giants Shell, Gazprom, Sonatrach and PKN Orlen - the first ever given to foreign firms as relations warm between Tripoli and the West.

Algeria Energy Aide:Sonatrach MOU With Gazprom Ended

ALGIERS, Algeria (Dow Jones)--A top energy official here said a cooperation pact between state-owned natural-gas companies in Algeria and Russia has lapsed, a development that may help assuage fears in Europe that two of its biggest suppliers could join forces to drive up prices.

UAE's Crescent, Iran Resolve Dispute Over Gas Pricing

DUBAI (Zawya Dow Jones)--Crescent Petroleum, a private oil and gas firm based in the UAE, has resolved a pricing dispute with Iran to import gas, Saudi-based Alsharq Al Awsat reported Sunday citing people aware of the matter.

KazMunaiGas E&P 9-Mo Net Pft KZT103.5B, Up 53% On Year

ALMATY, Kazakhstan (Dow Jones)--London-listed Kazakh oil and gas producer JSC KazMunaiGas Exploration Production (RDGZ.KZ) said Monday its net income rose 53% on year to 103.5 billion tenge ($840 million) in the first nine months of this year on higher crude oil prices and inclusion of Kazgermunai.

Sinopec Signs Deal To Develop Iran's Yadavaran Field

SHANGHAI (AP)--China's biggest refiner, Sinopec, and Iran have signed a US$2 billion agreement on developing the Yadavaran oil field, reports said Monday, firming Beijing's business links with Tehran despite U.S. calls for sanctions over Iran's nuclear program.

EU Clears 32.6M CO2 allowances For Slovakia 2008-12 CO2 Plan

BRUSSELS (Dow Jones)--The European Commission Friday ruled Slovakia's carbon dioxide national allocation for the period 2008-12 should be granted an extra 1.7 million allowances, boosting Slovakia's total allocation to 32.6 million allowances for the period

EU Says Ukraine Gas Pipeline Blast Won't Affect EU Supply

MARKET TALK:OPEC Likely Already Pumping More Oil From Mideast

Tanker rates may rise on congestion

The cost of hiring 1 million-barrel tankers to collect crude oil from Black Sea ports may snap a two- day drop because of congestion in Turkey's Bosporus Straits.

Injaz expects to close Petkim deal next month

Injaz Projects Company Ltd., the Saudi Arabia-based developer that's part of a group buying chemical maker Petkim from Turkey's government for $2.04 billion, said it expects to close the deal next month.

Iran, US Jockey For Position After Nuclear Report

A new U.S. intelligence report playing down Iran's nuclear threat has set off a round of jockeying between Tehran and Washington for control of the diplomatic debate. Iranian officials are seizing on Washington's surprising new National Intelligence Estimate as vindication of its position that it's only seeking peaceful nuclear power.