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EU, Poland Move to Settle Carbon Quota Row

EU, Poland Move to Settle Carbon Quota Row

Poland has stood its ground on carbon quotas as the European Commission yesterday (19 April) accepted its revised plan for allocating emission allowances. The agreement maintained the amount of allowances originally proposed by Poland despite the Commission's objections.

North Korea Readying for 3rd Nuclear Test

North Korea Readying for 3rd Nuclear Test

North Korea is preparing for a third atomic test that may come in May or June, South Korean broadcaster YTN reported on Tuesday, an act that could further isolate Pyongyang and complicate already troubled nuclear diplomacy.

Iberdrola to Put $2 billion in Wind Parks

Iberdrola to Put $2 billion in Wind Parks

Iberdrola SA won approval to build 50 wind parks in Romania in what would be the world’s largest land-based wind-energy development and require at least $2 billion in investment. Aiming to supply power to almost 1 million homes, the Bilbao, Spain-based company acquired rights from the Romanian government to build 1,500 megawatts of capacity through 2017

Romanias OMV Petrom Plans To Invest RON6.9B In 2010

Romania's OMV Petrom Plans To Invest RON6.9B In 2010

Romania's largest oil and gas company OMV Petrom (SNP.RO) will invest 6.9 billion lei ($2.23 billion) in 2010, up 66% on the year, chief executive Mariana Gheorghe told news agency Mediafax on Monday.

Russia Will Find Civilized Solution To Kovykta Case

Russia Will Find Civilized Solution To Kovykta Case

Russia will find a "civilized" solution to the situation surrounding the huge Kovykta gas condensate field in Siberia, which is owned by BP PLC's (BP) Russian joint venture TNK-BP Ltd., Russia's Natural Resource Minister Yuri Trutnev said Monday.

Russian Minister: Shale Gas A Threat To Gazprom

Russian Minister: Shale Gas A Threat To Gazprom

Production of shale gas poses a threat to Russian gas giant OAO Gazprom (GAZP.RS), the country's Natural Resource Minister Yuri Trutnev said Monday.

Exxon To Lead Iraq Water Injection Project In South-Official

Exxon To Lead Iraq Water Injection Project In South-Official

U.S. giant Exxon Mobil Corp. (XOM) will be the leader of a multibillion joint water injection project planned to be set up in southern Iraq to help offset a water problem facing oil fields development, a senior Iraqi oil official said Monday.

Iran in Talks with UN Security Council

Iran in Talks with UN Security Council

Iran plans to hold talks with all 15 members of the UN Security Council to discuss a nuclear fuel deal, Foreign Minister Manouchehr Mottaki said on Monday. He said the deal, under which Iranian stockpiles of low-enriched uranium would be sent to France and Russia to be turned into reactor fuel, could be finalized in two weeks if all sides showed the necessary will, Iran's ILNA news agency reports

Russia, Qatar Plan Joint Gas Projects in Russian Arctic

Russia, Qatar Plan Joint Gas Projects in Russian Arctic

Russia and Qatar are planning joint projects to develop gas deposits on the Yamal Peninsula in the Russian Arctic, the energy ministers of both countries said in a joint statement on Monday.

Romania, Georgia and Azerbaijan Study on New Gas Transport Route

Romania, Georgia and Azerbaijan Study on New Gas Transport Route

Romania, Georgia and Azerbaijan start a feasibility study to assess whether a gas transport on the Azerbaijan-Georgia-Romania route is possible. The three parties agreed to call the project AGRI – Azerbaijan Georgia Romania Interconnection. Romanian minister Videanu says AGRI could be completed before Nabucco.

China Lends Venezuela $20 Billion, Secures Oil Supply

China Lends Venezuela $20 Billion, Secures Oil Supply

China, the world’s second-biggest oil user, will lend Venezuela $20 billion and form a venture to pump crude from an Orinoco Belt block, President Hugo Chavez said as he promised to meet the Asian country’s energy needs.

Evros Objects to Pipeline Bill

Evros Objects to Pipeline Bill

Local officials in Evros, northeastern Greece, have voted against the government’s plans to speed up the legislative procedure that paves the way for the construction of the Burgas-Alexandroupoli oil pipeline.