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Euro Drops As Greece Gags Risk Appetite

Euro Drops As Greece Gags Risk Appetite

The euro slipped against the dollar Wednesday--dropping below $1.37--as investors unsure of whether Greece would be offered help to deal with its stressed sovereign debt turned to the safety of the dollar and yen.

Russia:Iran Uranium Move Calls Sincerity Into Question

Russia:Iran Uranium Move Calls Sincerity Into Question

Iran's decision to ramp up uranium enrichment "heightens doubts on the sincerity" of the Islamic republic's nuclear intentions, the Russian foreign ministry said Tuesday.

Gazprom Executives Tout Growth Prospects

Gazprom Executives Tout Growth Prospects

OAO Gazprom is seeking to reassure investors of its growth prospects as a looming supply glut threatens to depress European demand for Russian natural gas for years.

Russia, China Agree On Nuclear Construction Cost

Russia, China Agree On Nuclear Construction Cost

Russia and China agreed on the cost of constructing the second stage of China's Tianwan nuclear power station, the RIA Novosti news agency reported, quoting sources close to the talks.

Turkey:German Firms Interest In Baskent Dogalgaz Privatization

Turkey:German Firms Interest In Baskent Dogalgaz Privatization

German companies are interested in the privatization of Ankara-based natural gas distributor Baskent Dogalgaz, Turkish Energy Minister Taner Yildiz said Tuesday, the Ihlas News Agency, or IHA, reports.

BTC Oil Pipeline Scheduled To Pump 23 Mln Bbl In March

BTC Oil Pipeline Scheduled To Pump 23 Mln Bbl In March

The Baku-Tbilisi-Ceyhan oil pipeline is expected to pump 23 million barrels of crude oil in March, 4 million barrels more than the February program, a crude oil trader said Tuesday.

Rosneft Posts Reserve Replacement Ratio Of 172% In 2009

Rosneft Posts Reserve Replacement Ratio Of 172% In 2009

Russia's biggest oil producer OAO Rosneft (ROSN.RS) said Monday it replaced more than one and a half times the amount of hydrocarbons it produced in 2009, posting a reserve replacement rate of 163%.

Russia Commissions 2.4 Mln Tons/Year Export Grain Terminal

Russia Commissions 2.4 Mln Tons/Year Export Grain Terminal

A new export grain terminal with annual capacity of 2.4 million metric tons a year will be commissioned Monday at Tuapse, Russia's second largest Black Sea port, the government of the Krasnodar Region said Monday.

Lukoil: In Talks To Develop Ugandas Lake Albert Basin

Lukoil: In Talks To Develop Uganda's Lake Albert Basin

OAO Lukoil Holdings (LKOH.RS), Russia's biggest independent oil producer, said Monday it is in preliminary talks with Uganda to develop hydrocarbons in the African nation, confirming a media report from last week.

Russian Media Celebrate Ukraine Poll Result; Kremlin Silent

Russian Media Celebrate Ukraine Poll Result; Kremlin Silent

The presidential election in Ukraine is sweet revenge for Moscow after Russia's biggest ex-Soviet neighbor, encouraged by the West, unceremoniously turned its back on a centuries-old bond with the Kremlin, analysts say.

Iran Capable Of Enriching Uranium To Higher Levels

Iran Capable Of Enriching Uranium To Higher Levels

Iran has the technology to enrich uranium to the levels required to fuel a medical research reactor, but would be better able to secure such fuel more quickly via a deal with the West, experts said Monday.

Resourcehouse in US$60bn Coal Deal with China

Resourcehouse in US$60bn Coal Deal with China

Resourcehouse, the Australian coal and iron-ore project developer planning a Hong Kong listing next month, said at the weekend it had signed Australia’s largest export contract worth US$60bn with China Power International Development.

BP Faces Investor Revolt Over Canadian Oil Sands Project

BP Faces Investor Revolt Over Canadian Oil Sands Project

A group of pension funds and asset managers last month filed a resolution asking Royal Dutch Shell to reconsider its involvement in the expensive project, which emits more carbon dioxide than conventional drilling.

RWE, Cutting CO2 Output, to Sell Stake in Coal Plant

RWE, Cutting CO2 Output, to Sell Stake in Coal Plant

RWE AG plans to sell a stake in a coal-fired power plant valued at as much as 80 million euros ($110 million) as Germany’s second-largest utility seeks to lower carbon emissions.