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Enel Says EU Countries Must Give Up Energy Sovereignty

Enel Says EU Countries Must Give Up Energy Sovereignty

European Union countries need to coordinate energy policy to ensure political independence and economic development in the bloc as a whole, even if that means giving up some national control, the chairman of the Italian utility Enel SpA (ENEL.MI), Wednesday.

Enel CEO Says Spain Energy Market Reform Can Be Improved

Enel CEO Says Spain Energy Market Reform Can Be Improved

Spain's energy market reform proposal can be improved as it hits companies generating electricity from traditional sources, Fulvio Conti, chief executive officer of Enel SpA (ENEL.MI), said Wednesday.

IEA Chief: Oil Market Well Supplied

IEA Chief: Oil Market Well Supplied

The global market is currently well supplied with oil, the executive director of the International Energy Agency, Maria van der Hoeven, told Dow Jones Newswires on Wednesday.

Iran Hits Out At US Plan To Take Group Off Terror List

Iran Hits Out At US Plan To Take Group Off Terror List

Tehran on Wednesday condemned a planned move by Washington to remove an Iranian opposition group based abroad, the People's Mujahedeen of Iran, from its blacklist of designated terrorist groups.

METKA Wins Jordan Power Plant Contract

METKA Wins Jordan Power Plant Contract

METKA SA won a $155 million contract to increase the capacity of Samra Electric Power Co’s plant in Jordan by 143 megawatts, Petra reported on Monday.

Italy, Albania, Greece to Sign TAP Pipeline Accord Friday

Italy, Albania, Greece to Sign TAP Pipeline Accord Friday

The intergovernmental agreement for the building of the Trans-Adriatic Pipeline (TAP) gas project that will link Italy, Greece and Albania will be signed on Friday, an Italian government source said on Wednesday.

Gulf OPEC Producers Want Oil at $100/Barrel-Sources

Gulf OPEC Producers Want Oil at $100/Barrel-Sources

Gulf members of the Organization of Petroleum Exporting Countries, led by Saudi Arabia, would like to see oil prices stabilize around $100 a barrel as high prices could slow down economic growth and hit demand, Gulf OPEC delegates said Monday.

Iraq To Pay Kurdistan First Oil Payment Next Week - Minister

Iraq To Pay Kurdistan First Oil Payment Next Week - Minister

The Iraqi federal government will pay 650 billion Iraqi dinars ($547 million) to the Kurdistan Regional Government next week as part of an agreement over disputed oil revenues, Kurdistan oil minister Ashti Hawrami told Dow Jones Newswires Monday.

Yemens Only LNG Pipeline Hit by Explosion Again

Yemen's Only LNG Pipeline Hit by Explosion Again

A natural gas pipeline supplying Yemen's Balhaf export terminal in the Gulf of Aden was blown up again early Tuesday morning, the terminal operator Yemen LNG Co. said, just a few weeks after it was repaired from a previous sabotage.

After Daughter, Iran Arrests Son of Ex-president

After Daughter, Iran Arrests Son of Ex-president

The son of Iran's former president Akbar Hashemi Rafsanjani was arrested after he returned from abroad on Monday, two days after authorities jailed Rafsanjani's daughter, the official IRNA news agency reported.

Egypt Has Proven Oil Reserves Enough for 17 Years - Minister

Egypt Has Proven Oil Reserves Enough for 17 Years - Minister

Egypt has proven oil reserves enough for 17 years, while its gas reserves can last for 20 years, the country's State Information Service, or SIS, reported Monday citing oil minister Osama Kamal.

Moscow Decree Changes Nothing In Gazprom Probe Says EU

Moscow Decree Changes Nothing In Gazprom Probe Says EU

Russian intervention in an European Union anti-trust probe into Gazprom changes nothing in the case which goes ahead in the best interests of the bloc, Competition Commissioner Joaquin Almunia said Monday.