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Merkel Says Nuclear Tax To Help Reduce Budget Deficit

Merkel Says Nuclear Tax To Help Reduce Budget Deficit

German Chancellor Angela Merkel said Thursday that the proposed levy on nuclear fuel rods, which utilities have said would eat into their profits, is part of the government's efforts to reduce the public budget deficit.

Syria Seeks First Foreign Investment In Power Plants

Syria Seeks First Foreign Investment In Power Plants

Syria wants international companies to set up the country's first private power generation plant north of the capital Damascus at a cost of about $300 million as it seeks to open up more of its economy to foreign investment.

Nigerian President Wants To Privatize Electricity Sector

Nigerian President Wants To Privatize Electricity Sector

Nigerian President Goodluck Jonathan Thursday laid out plans to privatize most of the country's power sector, with corruption and mismanagement leading to daily outages in the oil-rich nation.

PPC Consolidated 1H 2010 Financial Results

PPC Consolidated 1H 2010 Financial Results

EBT in 1H 2010 amounted to € 463.6 m, compared to € 636.3 m in 1H 2009, a decrease of € 172.7 m (-27.1%), while net income amounted to € 347.9 m, versus € 475.2 m respectively, a reduction of € 127.3 m (-26.8%).

Iran Eyes Nuclear Fuel Consortium with Russia

Iran Eyes Nuclear Fuel Consortium with Russia

Iran has proposed to Russia establishing a nuclear consortium to supply fuel to the Bushehr plant and other nuclear power plants that will be set up in the future, Iran's nuclear chief said on Thursday.

China Plans Three Pipelines

China Plans Three Pipelines

The Yunnan Information Daily said the local branch company of the China National Petroleum Corporation (CNPC) had already drawn up environmental impact assessments for a network of three product oil pipelines connecting the provincial capital, Kunming, with the cities of Anning, Quqing, Chuxiong, Dali, Yuxi and Baoshan.

Iraq Resumes Crude Oil Pumping To Turkey

Iraq Resumes Crude Oil Pumping To Turkey

Iraq has resumed pumping crude oil from its Kirkuk fields to the Turkish port of Ceyhan on the Mediterranean since Tuesday afternoon following a closure that lasted five days, a Middle East shipping agent said Wednesday.

Kuwait, Iraq Agree On Oil Output From Border Fields

Kuwait, Iraq Agree On Oil Output From Border Fields

Kuwait and Iraq have agreed "in principle" on a deal to regulate production from the border oil fields that once caused conflict between the two Arab states, the Kuwaiti oil minister said Wednesday.

China Official: Hydropower Capacity Goal Challenging

China Official: Hydropower Capacity Goal Challenging

China's goal of 380 gigawatts of installed hydropower generating capacity by 2020 is challenging but achievable, the state-run Xinhua News Agency reports Wednesday, citing Zhang Guobao, head of the National Energy Administration.

BHP Billiton CEO: Only A Few Cos Capable Of Bidding For Potash-CNBC

BHP Billiton CEO: Only A Few Cos Capable Of Bidding For Potash-CNBC

BHP Billiton Ltd. (BHP) Chief Executive Marius Kloppers Wednesday said only a few companies are capable of assembling the kind of financing needed to compete with the company's unsolicited all-cash $38.6 billion offer for Potash Corp. of Saskatchewan Inc. (POT).

Brazils NPA At Odds With Petrobras Over Offshore Oil -Report

Brazil's NPA At Odds With Petrobras Over Offshore Oil -Report

Brazil's government is in disagreement with state-run oil company Petroleo Brasileiro (PBR, PETR4.BR) over the volume of oil held in offshore areas that will be granted to the company, the Folha de S. Paulo newspaper reported Wednesday.

Biden: US On Track to Double Renewable Energy Capacity

Biden: US On Track to Double Renewable Energy Capacity

Government stimulus spending has put the country on track to double renewable energy production capacity by 2012 and halve solar power costs by 2015, Vice President Joseph Biden said on Tuesday.