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Statoil Says Nat Gas Growth Needs Political Support

Norwegian energy giant Statoil ASA is keen to deepen its investment in new gas production, but wants policy makers to first embrace the fuel, a top executive said. "In order for us to invest, we must receive firm signals that gas will play an important role in future energy politics," Eldar Saetre, executive vice president for Statoil's marketing, processing and renewable energy business unit, said in an interview with Dow Jones Newswires

Iraq May Exports Hit 2.225 Mln B/D Highest Since 2003-SOMO Chief

Iraq's oil exports in May ran at an average of 2.225 million barrels a day, putting them on track for the biggest monthly volume since the 2003 U.S.-led invasion that toppled Saddam Hussein's regime, head of the country's State Oil Marketing Organization, or SOMO, said Wednesday

Iran Has No Plan To Import Gasoline, Diesel This Fiscal Year - NIOC

National Iranian Oil Co., or NIOC, doesn't plan to import gasoline or diesel in the current financial year, its executive director said Tuesday.

Eni CEO Says Oil Prices Can Only Lower In Coming Months

Iran Economy Minister May Attend OPEC Meeting June 8 - Source

Iran's Economy Minister Shamseddin Hosseini may represent the Islamic Republic at the next meeting of the Organization of Petroleum Exporting Countries, a person familiar with the matter said over the weekend.

India, Iran To Continue Talks On Crude Oil Payment Mechanism

India and Iran Tuesday agreed to continue discussions relating to the settlement of payments for crude oil purchases, a government statement said.

Italy Working With Eni, UniCredit For Libya Rebels Aid-Minister

The Italian government is working with Eni SpA (E) and UniCredit SpA (UCG.MI) to provide the Libyan rebels with a "massive amount" of gasoline and money, said Italy's Foreign Minister Franco Frattini Tuesday.

French PM: France Isn't Quitting Nuclear Power Generation

French Prime Minister Francois Fillon said Tuesday Germany's recent decision to quit nuclear power generation will have important repercussions, and restated France's bipartisan choice in favor of atomic power.

South Korea: HHI to Build LNG Carriers for Greece’s Dynagas Ltd

Hyundai Heavy Industries, the world’s largest shipbuilder, today won a USD 600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd.

EVN Eyes Major Stake in Bulgaria Hydropower Plan

Austrian company EVN is expected to purchase a 70% stake in the Bulgarian hydro power plant project "Gorna Arda" from Turkish company Ceylan "within days", according to Bulgarian Economy Minister Traicho Traikov. Traikov spoke Saturday at a news conference in Sofia dedicated to the energy policy of Borisov Cabinet, Sofia News Agency wrote.

South Korean Consortium Interested in the Construction of Romania's Cernavoda Nuke Project

A South Korean consortium would like to take part in the construction of Romania's 3 and 4 Cernavoda nuke project, according to Romania’s Ministry of Economy. A delegation of the KOREA International Nuclear KEPCO consortium was in Bucharest last week and met the Romanian Economy Minister Ion Ariton.

Gazprom: Substantial Decline In European Gas Consumption

Russian state gas firm OAO Gazprom (GAZP. RS) is witnessing a substantial decline in European gas consumption this year, the Interfax news agency reports Monday citing the company's Deputy Chief Executive Valery Golubev.

Saudi Official: Still Keen On Likely Nuclear Program For Kingdom

A Saudi Arabian official Monday reiterated his country's interest in exploring the possibility of developing nuclear power following the Fukushima disaster, despite a decision by Germany Monday to exit nuclear energy by 2022.