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Companies Ease Demands On Iraq Oil-Field Rights

Companies Ease Demands On Iraq Oil-Field Rights

Several oil companies that rejected tough terms in the country's first auction for oil-field rights this summer have dropped their demands for higher payouts, said Oil Minister Hussein al-Shahristani at a news conference Tuesday

Turkey Dismisses Head of Botas

Turkey Dismisses Head of Botas

The Turkish government has dismissed the head of state-owned pipeline and gas company BOTAS, Huseyin Saltuk Duzyol, the government's official gazette said Wednesday, the Ihlas News Agency, or IHA, reports.

Syria, Turkey To Hold Joint Military Exercises

Syria, Turkey To Hold Joint Military Exercises

Syrian Defense Minister Ali Habib said his country is to stage a second round of joint military exercises with Turkey, in comments published Wednesday.

Russian Crude Via Ukraine Halted To Hungary

Russian Crude Via Ukraine Halted To Hungary

Hungarian oil and gas giant MOL Nyrt. (MOL.BU) said Wednesday that deliveries of Russian crude oil through Ukrainian had been halted since Tuesday evening due to technical problems.

IEA Optimistic Emissions Deal Can Be Struck In Copenhagen

IEA Optimistic Emissions Deal Can Be Struck In Copenhagen

The International Energy Agency, the energy advisor to big oil-consuming nations, Wednesday expressed optimism that countries will be able to forge a new agreement on cutting greenhouse gas emissions at a key meeting in Copenhagen in December.

Azerbaijan Peace Crucial For Armenias Turkey Ties

Azerbaijan Peace Crucial For Armenia's Turkey Ties

Turkish Prime Minister Recep Tayyip Erdogan Tuesday renewed calls for Armenia to seek peace with Azerbaijan, stressing that progress in their ties would determine the normalization of Turkish-Armenian relations.

Turkmenistan President Fires Several Energy Chiefs

Turkmenistan President Fires Several Energy Chiefs

The president of resources-rich Turkmenistan has fired several top officials in the energy sector, denouncing their "irresponsible approach" to their jobs, the official news agency reported.

World Needs 3,400 CCS Projs By 2050 To Meet Climate Goal

World Needs 3,400 CCS Projs By 2050 To Meet Climate Goal

The world needs a massive ramping up of carbon capture and storage, or CCS, technology across heavy industry and fuel processing in addition to electricity generation to cut emissions and prevent global temperatures from rising more than 2 degrees Celsius, the International Energy Agency said Tuesday.

Russia, China May Agree On Gas Pricing In Early 2010

Russia, China May Agree On Gas Pricing In Early 2010

Russian gas firm OAO Gazprom (GAZP.RS) and China National Petroleum Corp., or CNPC, may reach an agreement on the pricing for gas supplies early next year, the Prime-Tass news agency said Tuesday citing Russian Deputy Prime Minister Igor Sechin.

Shell CEO: UK Fears Over Gas Supply Security Overdone

Shell CEO: UK Fears Over Gas Supply Security Overdone

The U.K.'s fears of over reliance on imports of natural gas in the future are overdone because supply of the fuel will remain ample and secure, said Royal Dutch Shell PLC Chief Executive Peter Voser Tuesday.

Russias Putin Lands In China For Trade, Political Talks

Russia's Putin Lands In China For Trade, Political Talks

Russian Prime Minister Vladimir Putin landed in Beijing late Monday for a three-day visit to China during which the nations are to sign a raft of trade agreements and tighten political ties.

TNK-BP Considers Upstream Projects In Iraq

TNK-BP Considers Upstream Projects In Iraq

Anglo-Russian oil joint venture TNK-BP Holding (TNBP.RS) is considering the possibility of developing hydrocarbon resources in Iraq, the company said Monday.