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Iran Gains $5 Bln By Taking Dollar Out Of FX Basket

Iran Gains $5 Bln By Taking Dollar Out Of FX Basket

The head of Iran's Central Bank says the country has gained $5 billion by excluding the U.S. dollar from its currency basket and replacing it with the euro, Iran's state-controlled news agency Press TV reports on its Web site Monday.

French Commission Hears From Areva T&D Bidders Monday

French Commission Hears From Areva T&D Bidders Monday

The three bidders for French state-controlled nuclear group Areva's (CEI.FR) transmission and distribution unit Areva T&D are Monday to present their respective offers to the privatization commission advising the French government on the deal, people familiar with the matter told Dow Jones Newswires.

Siemens Turns Sights On Latin America For Wind Turbines

Siemens Turns Sights On Latin America For Wind Turbines

Siemens AG (SI) is moving into the Latin American market for wind-energy turbines - beginning in Mexico - as it seeks a place among the world's top suppliers for wind-driven renewable energy.

DJ Nippon Oil Co May Finalize Iraq Oil Deal This Week

DJ Nippon Oil Co May Finalize Iraq Oil Deal This Week

A Japanese consortium led by Japan's Nippon Oil Corp. (5001.TO) could finalize this week an $8 billion deal to develop Iraq's southern Nassiriya oil field, a senior Iraqi oil official said Monday.

UK Brown: UK To Build 16GW Of New Nuclear Capacity

UK Brown: UK To Build 16GW Of New Nuclear Capacity

U.K. Prime Minister Gordon Brown said Monday that the U.K. will construct 16 gigawatts of new nuclear energy capacity, as part of a drive to reduce carbon emissions.

Ukraines Naftogaz:Gas Deal Reduces Risk Of New Year Conflict

Ukraine's Naftogaz:Gas Deal Reduces Risk Of New Year Conflict

The risk of a new gas dispute evolving this winter between Russia and Ukraine has been significantly reduced, after the two countries' prime ministers late Thursday reached a compromise deal, Ukraine's state gas company said Friday.

No Final Answer From Iran On Nuclear Offer

No Final Answer From Iran On Nuclear Offer

Iran hasn't provided a "final answer" to a "unique" international nuclear fuel offer, Mohamed ElBaradei, the outgoing head of the U.N. nuclear watchdog, said Friday.

Polish PM: Gas Deal With Russia Beneficial For Poland

Polish PM: Gas Deal With Russia Beneficial For Poland

The Polish-Russian natural gas agreement that will soon be ratified by governments is beneficial for Poland as it guarantees the stability of supplies, Prime Minister Donald Tusk said Friday.

Turkeys Tetas Cancels Nuclear Power Plant Tender

Turkey's Tetas Cancels Nuclear Power Plant Tender

Turkish power provider TETAS said Friday it has canceled a tender to build and operate the country's first nuclear power station, the Ihlas News Agency, or IHA, reports.

EU Leaders Pick Belgiums Prime Minister As EU President

EU Leaders Pick Belgium's Prime Minister As EU President

European Union leaders picked the low-key prime minister of Belgium and a British trade representative who has never held elective office as the bloc's first president and foreign minister.

IENE’s 2009 Annual “Energy & Development 2009” Conference Attracts Record Participation

IENE’s 2009 Annual “Energy & Development 2009” Conference Attracts Record Participation

With the participation of over 350 delegates, IENE’s 14th Annual National Conference on “Energy & Development” was successfully held in Athens on November 10th - 11th. Among the participants one could find representatives of the top Greek energy companies, senior executives and officials from international organizations in Europe and beyond.

Trichet warns of threat to credibility

Trichet warns of threat to credibility

As spreads on Greek bonds narrowed slightly yesterday, Greece was on the receiving end of a warning from European Central Bank (ECB) President Jean-Claude Trichet about the impact a country’s sliding credibility can have on its economic recovery.

Nippon To Hold Talks On Iraq Oil Field Deal Sunday

Nippon To Hold Talks On Iraq Oil Field Deal Sunday

Representatives of a Japanese consortium led by Nippon Oil Corp. (5001.TO) will meet Sunday with Iraqi oil ministry officials to finalize a deal to develop Nassiriyah oil field in southern Iraq, a senior Iraqi oil official said Thursday.

Lukoil Resets Strategy To Focus On Free Cash Flow

Lukoil Resets Strategy To Focus On Free Cash Flow

Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) has reset its strategy for the coming decade, focusing on free cash flow above an increase in output, the company said Thursday.