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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.

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.