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Lukoil Lifts 9-Month Output; Refining Volumes +11%

Lukoil Lifts 9-Month Output; Refining Volumes +11%

Russian oil major OAO Lukoil Holdings (LKOH.RS) said Thursday it increased refining volumes between January and September by almost 11%, as it acquired stakes in two European refineries.

Vattenfall Europe Reopens German Grid Sale Process

Vattenfall Europe Reopens German Grid Sale Process

German utility Vattenfall Europe AG Thursday said it has reopened the bidding process for its power transmission grid after the company failed to agree on key issues with a financial consortium with which it was in exclusive talks.

Somali Pirates Free Greek Ship For $3.7 Mln Payment

Somali Pirates Free Greek Ship For $3.7 Mln Payment

Somali pirates said Thursday they had released a Greek cargo vessel and its Ukrainian crew after a payment of $3.7 million more than six months after it was captured.

IENE΄s Energy & Foreign Policy Seminar and B2D Event Mark IENE΄s Expanded Agenda

IENE΄s Energy & Foreign Policy Seminar and B2D Event Mark IENE΄s Expanded Agenda

The organization of IENE’s Energy & Foreign Policy one-day seminar that inaugurated the events of the 3rd Energy Week on November 9th was heralded as a big success by the delegates and diplomats who crowded at the John Kranidiotes Amphitheatre of the Greek of Foreign Affairs Ministry. The event gave the opportunity to the two principal policy makers of the country’s Foreign Energy Policy or “Energy Diplomacy”, Deputy Foreign Minister Spyros Kouvelis and Deputy Minister of Energy, Environment and Climate Change, Professor Yiannis Maniatis, to present for the first time in public their ideas on Greece’s energy policy priorities and challenges

Iran Says Chinas Sinopec Signs Preliminary Deal

Iran Says China's Sinopec Signs Preliminary Deal

China's Sinopec (SNP) signed a preliminary agreement to provide financing of $6.5 billion for the construction and development of oil refineries in Iran, an Iranian news agency said Wednesday, as the Islamic republic seeks non-Western investment to overcome looming sanctions on its refining sector.

Siemens Ups Environmental Technology Unit FY2011 Sales Goals

Siemens Ups Environmental Technology Unit FY2011 Sales Goals

German industrial conglomerate Siemens AG (SI) wants to beat its EUR25 billion sales goal for its environmental technology unit in the 2011 fiscal year, Chief Executive Peter Loescher said Wednesday.

IEA Tanaka: Japan Should Hike Nuclear Power Capacity To Cut CO2

IEA Tanaka: Japan Should Hike Nuclear Power Capacity To Cut CO2

Japan will have to build a 1-gigawatt nuclear power reactor every year from now until 2030 to effectively reduce carbon dioxide emissions, Nobuo Tanaka, executive director of the International Energy Agency, said Wednesday.

Gazprom, Naftogaz Sign Deal To Lower 2010 Gas Volumes

Gazprom, Naftogaz Sign Deal To Lower 2010 Gas Volumes

Russian gas firm OAO Gazprom (GAZP.RS) said late Tuesday it has agreed to sell less gas than contracted to Ukraine's state firm Naftogaz next year, in a move to curb the risk of another halt in natural gas supplies to Europe this winter.

Nuclear Fuel Swap Inside Iran Not An Option

Nuclear Fuel Swap Inside Iran Not An Option

A nuclear fuel swap inside Iran, as proposed by the Islamic Republic, is "not an option," the head of the United Nations atomic watchdog Mohamed ElBaradei said Wednesday.

Chinese Energy Plans A Big Step In Carbon Reduction – IEA

Chinese Energy Plans A Big Step In Carbon Reduction – IEA

Energy consumption targets already planned by China would contribute 25% of what needs to be done globally to limit carbon emissions and slow global warming, the chief economist of the International Energy Agency said Monday.

Kuwait Could Switch To Argus Pricing For Oil From WTI

Kuwait Could Switch To Argus Pricing For Oil From WTI

Kuwait could switch the pricing of its crude sold to U.S. customers to the Argus Sour Crude Index, or ASCI, from Platt's West Texas Intermediate, or WTI, following in the footsteps of Saudi Arabia, Kuwaiti oil officials said.

France, Belgium, GDF-Suez Sign Convention On Power Supply

France, Belgium, GDF-Suez Sign Convention On Power Supply

France, Belgium and French utility GDF Suez SA (GSZ.FR) said Tuesday they signed a three-party convention to ensure the continuity and security of power supply in France and Belgium.

Russia Expects Iran To Agree To IAEA Nuclear Deal

Russia Expects Iran To Agree To IAEA Nuclear Deal

Russia expects Iran to agree to enrich uranium abroad under the supervision of the International Atomic Energy Agency, or IAEA, a Russian diplomatic spokesman said Tuesday.