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Lukoil Fined $225 Million In Russia Fuel

Lukoil Fined $225 Million In Russia Fuel

Russian non-state oil giant OAO Lukoil (LKOH.RS) was fined RUB6.55 billion ($225 million) Thursday by the Russian antitrust regulator for abusing its dominant position in the refined oil-products market.

Pipeline From Russia To Germany Passes Regulatory Hurdle

Pipeline From Russia To Germany Passes Regulatory Hurdle

Nord Stream, a $15 billion pipeline that would pump natural gas from Russia to Germany bypassing Ukraine, cleared its last major regulatory hurdles Thursday when Sweden and Finland both gave the green light to a project that could redraw the energy map of Europe.

Sweden, Finland Okay Russias Nord Stream Pipeline

Sweden, Finland Okay Russia's Nord Stream Pipeline

Sweden and Finland agreed on Thursday to allow the Russia-led Nord Stream gas pipeline to Germany run through Swedish and Finnish economic zones in the Baltic Sea, their governments said.

Exxon, Shell Sign Initial Pact For Iraq West Qurna

Exxon, Shell Sign Initial Pact For Iraq West Qurna

A consortium led by U.S. oil major Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA) Thursday signed an initial 20-year agreement with Iraq to develop the West Qurna-1 oil field, an Iraqi oil official said.

Forecast Gas Glut Could Challenge Russias Grip

Forecast Gas Glut Could Challenge Russia's Grip

A draft of a report by the International Energy Agency says a global natural gas glut could lower prices, raising the prospect that Russia's grip over Europe's energy security will loosen, the Financial Times reported Wednesday.

IENE’s 3rd Energy Week:  A Topical Energy Summit with Top Speakers

IENE’s 3rd Energy Week: A Topical Energy Summit with Top Speakers

Once again ΙΕΝΕ has invited several high level international experts, business leaders and senior government officials from Greece and abroad to participate in the events of its 3rd Energy Week to be organized in Athens from November 9th to November 12th. The speakers will cover an extended area of policy issues focusing on energy, Climate Change, environmental business opportunities and energy diplomacy

“Energy Business to Business” (B2B):  A Platform for “Green Business” Opportunities

“Energy Business to Business” (B2B): A Platform for “Green Business” Opportunities

For the first time this year, the Institute of Energy for South-East Europe (IENE) organizes a one-day “Energy Business to Business” (B2B) Seminar, a communication platform between Greek businessmen and companies involved in “Green Business”. The Seminar takes place at the “Eugenides Foundation” on Thursday, November 12th 2009, as part of the “3rd Energy Week” (November 9th – November 12th)

Polish Govt To OK Gas Deal With Russia Within Weeks

Polish Govt To OK Gas Deal With Russia Within Weeks

The Polish government will approve the agreement between Polish gas monopoly PGNiG (PGN.WA) and Russian gas major OAO Gazprom (GAZP.RS) at its next sitting with the signing expected within weeks, said Polish Economy Minister Waldemar Pawlak.

Gazprom Sees Rise In Gas Demand

Gazprom Sees Rise In Gas Demand

After a year in which Europe slashed its imports of Russian natural gas, OAO Gazprom says it sees signs of a turnaround, with European demand now exceeding precrisis levels.

Gazprom Neft Unit To Bid In Syria Oilfield Svc Tenders

Gazprom Neft Unit To Bid In Syria Oilfield Svc Tenders

Gazpromneft-Nefteservis, an oilfield service unit of Russian oil company Gazprom Neft (SIBN.RS), plans to take part in tenders for oilfield services in Syria, according to a report in the Gazprom corporate magazine released Tuesday, Prime-Tass news agency reports.

Statoil CFO: Looking At New Partnerships In Iraq

Statoil CFO: Looking At New Partnerships In Iraq

Statoil ASA (STO) is looking at potential partnerships with other companies in Iraq as it positions itself ready to take a share in the country's oil wealth, its chief financial officer said Wednesday.

Turkey To Decide On Nuclear Tender November or December

Turkey To Decide On Nuclear Tender November or December

Turkish Energy Minister Taner Yildiz said Wednesday that his government will announce in November or December its decision on whether to approve or cancel a tender to build the country's first nuclear power plant, the Ihlas News Agency, or IHA, reports.

Turkey Sees Energy Investments Of More Than TRY6.7B In 09

Turkey Sees Energy Investments Of More Than TRY6.7B In 09

Energy investments by the private sector are expected to exceed 6.7 billion Turkish lira ($4.5 billion) in 2009 up from TRY4.8 billion last year, the head of Turkey's energy watchdog EPDK said Wednesday, the Ihlas News Agency, or IHA, reported.

Eni Signing Begins Spate Of Iraqi Oil Agreements

Eni Signing Begins Spate Of Iraqi Oil Agreements

A consortium led by Italian energy giant Eni SpA on Monday signed an initial pact to develop Iraq's Zubair field, one of several deals moving forward this week aimed at boosting the war-torn country's oil output.

Russia Min: Lukoil Wont Lose Caspian License

Russia Min: Lukoil Won't Lose Caspian License

Russian oil producer OAO Lukoil Holdings (LKOH.RS) isn't at risk of losing the license to its Central field on the Caspian Sea shelf, Interfax reports Tuesday.