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Exxon, Qatar Petroleum To Develop Chemical Complex

Exxon, Qatar Petroleum To Develop Chemical Complex

Exxon Mobil Corp. (XOM) has agreed with Qatar Petroleum (QP.YY) to develop a petrochemical complex fueled by a giant natural-gas field off Qatar's Persian Gulf coast.

PetroChina In Talks To Buy Valeros Aruba Refinery

PetroChina In Talks To Buy Valero's Aruba Refinery

Valero Energy Corp. (VLO), the largest refiner in the U.S., is in negotiations with China oil giant PetroChina Co. Ltd. (PTR, 0857.HK) for the sale of its shuttered refinery on Aruba, Reuters reported Tuesday on its Web site.

Bulgaria Shuts Nuclear Reactor For Maintenance

Bulgaria Shuts Nuclear Reactor For Maintenance

Bulgaria said Tuesday that it would close for maintenance one of the two 1,100 megawatt reactors at its sole nuclear power plant at Kozloduy on the Danube.

Iran Talks To Qatar Bank To Finance EUR400M Oil Dev

Iran Talks To Qatar Bank To Finance EUR400M Oil Dev

The Iranian Offshore Oil Co. is in talks with the Qatar National Bank for a EUR400 million financing to develop the Esfandiar oil field, Iranian media reported Tuesday.

Russias Gazprom Pumping More Gas To Poland

Russia's Gazprom Pumping More Gas To Poland

Russia's Gazprom OAO (GAZP.RS) is pumping more natural gas to Poland even though an agreement last year to increase Russian gas supply hasn't come into force yet, the Rzeczpospolita daily reported Tuesday.

Iraq Seeks $10B From 93 Cos Over Oil-For-Food Affair

Iraq Seeks $10B From 93 Cos Over Oil-For-Food Affair

The Iraqi government is seeking $10 billion in damages from 93 companies allegedly involved in the oil-for-food affair, including Chevron Corp. (CVX) and BNP Paribas SA (BNP.FR), French business daily Liberation reports Tuesday, citing lawyers and court documents.

PetroChina Takes Delivery Of 65,000 Tons LNG In Shanghai

PetroChina Takes Delivery Of 65,000 Tons LNG In Shanghai

PetroChina Co. (PTR) has taken delivery of 65,000 metric tons of liquefied natural gas in Shanghai, stepping up action to ease weather-driven shortages of gas in eastern China, parent company China National Petroleum Corp. said Monday.

Oil Above $81/Bbl On Frigid Temperatures

Oil Above $81/Bbl On Frigid Temperatures

Crude futures are higher Monday, trading above $81 a barrel, bolstered by frigid temperatures across much of the northern hemisphere.

Belarus Warns Russia Of Power Supply Cut In Kaliningrad

Belarus Warns Russia Of Power Supply Cut In Kaliningrad

Belarus has threatened to cut the supply of electricity via its territory to the Russian enclave of Kaliningrad, the BBC reports on its Web site Monday, citing Belenergo, Belarus' state power firm.

French Court Rejects Carbon-Emissions Tax

French Court Rejects Carbon-Emissions Tax

France's constitutional court struck down a new tax on carbon emissions, dealing a blow to President Nicolas Sarkozy, who has made fighting climate change a key part of his tenure.