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Glencore Interested in the Privatization of Greeces Larko

Glencore Interested in the Privatization of Greece's Larko

Glencore, the multinational mining and commodities trading company, has expressed interest in the privatization of Larko, an old ailing mining concern, and EYDAP, the Athens water supply company, according to sources reports Kathimerini.

Albania: CEZ Asks for 4.5% Increase of Electricity Price

Albania: CEZ Asks for 4.5% Increase of Electricity Price

CEZ Distribution has filed a request with Albania’s Energy Regulatory Entity (ERE) for an increase by 4.5 percent of the price of electricity in Albania, local media reports. If the request is approved, households in Albania will pay on average 200 Leks more for their electricity bill.

Serbian Oil Company NIS Plans to Expand in Romania, Bulgaria, Hungary and Bosnia

Serbian Oil Company NIS Plans to Expand in Romania, Bulgaria, Hungary and Bosnia

Serbian oil company NIS, controlled by Russian giant Gazprom, announced it plans to expand in Romania, Bulgaria, Hungary and Bosnia, where it has established local subsidiaries. The company wants to triple its oil production and double sales by 2020 in order to become market leader in the region.

Greek Minister, G. Papaconstantinou, Speaks at the 26th EU PVSEC in Hamburg, Germany, About the HELIOS Solar Project

Greek Minister, G. Papaconstantinou, Speaks at the 26th EU PVSEC in Hamburg, Germany, About the HELIOS Solar Project

The 26th European Photovoltaic Solar Energy Conference and Exhibition (26th EU PVSEC), starting on Monday, 5 September 2011, announces that the Minister of Environment, Energy and Climate Change of the Hellenic Republic, George Papaconstantinou, speaks at the EU PVSEC Opening on Monday, 5 September 2011, at 10:30 in the CCH Congress Center in Hamburg, Germany.

Iran Plugs First Nuclear Power Plant Into Grid

Iran Plugs First Nuclear Power Plant Into Grid

Iran's first nuclear power plant has finally begun to provide electricity to the national grid, official media reported on Sunday, a long-delayed milestone in the nuclear ambitions of a country the West fears is covertly try to develop atomic bombs.

London Mayor Launches GBP100M Green Energy Fund

London Mayor Launches GBP100M Green Energy Fund

London Mayor Boris Johnson Friday launched a new energy efficiency fund that will provide GBP100 million to help local authorities, schools and hospitals in the city reduce their carbon emissions.

GDF Suez CEO: Gas Tariff Talks Looking At New Formula

GDF Suez CEO: Gas Tariff Talks Looking At New Formula

Gerard Mestrallet, the chief executive of GDF Suez SA (GSZ.FR) said Friday the French power company is currently discussing changing the formula for setting natural gas tariffs for consumers and companies.

Halliburton Files Macondo-Related Lawsuit Against BP

Halliburton Files Macondo-Related Lawsuit Against BP

On September 1, 2011, Halliburton (NYSE: HAL) filed claims against BP in Texas state court for negligent misrepresentation, business disparagement and defamation related to the April 20, 2010, Macondo incident. Halliburton has also moved to amend its claims against BP in the multi-district litigation in New Orleans, Louisiana, to include fraud.

Crude Oil Market Shrugs Off EU Syria Sanctions - Traders

Crude Oil Market Shrugs Off EU Syria Sanctions - Traders

The European Union's decision Friday to ban oil exports from Syria is unlikely to significantly impact oil prices as Syrian supplies are small and the season for the products refined from the crude is nearly over, oil traders and analysts told Dow Jones Newswires.

Cyrpus Total Sales of Petroleum Products Rises 3,0% the First Seven Months

Cyrpus Total Sales of Petroleum Products Rises 3,0% the First Seven Months

Cyprus' total sales of petroleum products in July 2011 recorded an increase of 6,2% compared to the previous month. A considerable increase was recorded in the sales of Aviation Kerosene, Gasoil, Unleaded Motor Gasoline and Gasoil Low Sulphur. On the contrary, a decrease was recorded in the sales of Heavy Fuel Oil, Light Fuel Oil and the provisions of Gasoil for Marine use. Cyprus' total stocks of petroleum products at the end of the month recorded a decrease of 1,3% compared to the previous month.

Wingas Sells 19% Stake In Nord Stream Pipeline Link To Fluxys

Wingas Sells 19% Stake In Nord Stream Pipeline Link To Fluxys

German natural gas importer Wingas GmbH, owned by BASF SE (BAS.XE) unit Wintershall AG and Russia's Gazprom OAO (GAZP.RS), Thursday said it sold a 19% stake in the Nord Stream connecting pipeline, the North European Pipeline, to Belgian gas transmission company Fluxys G, the parent company of Fluxys SA (FLUX.BT).

Iraq August Oil Exports +1.1% On Month At 2.189 Mln B/D

Iraq August Oil Exports +1.1% On Month At 2.189 Mln B/D

Iraq's oil exports in August ran at an average 2.189 million barrels a day, or 1.1% above the rate in July, the head of State Oil Marketing Organization, or SOMO, said Thursday.