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Edison SpA Looking at DEPA Stake

Edison SpA Looking at DEPA Stake

Italian utility Edison SpA is interested in taking part in the privatization of Greek natural gas company DEPA, said its Chief Executive Umberto Quadrino yesterday. In an interview with Reuters, Quadrino said Edison’s priority with regard to its foreign interests was Greece, where the company is already a power operator through its joint venture with Hellenic Petroleum

Russian Sea Ports January-May Throughput Up 5.3%

Russian Sea Ports January-May Throughput Up 5.3%

Russia's sea ports handled a total of 193.4 million metric tons of cargo in the first five months of the year, an increase of 5.3% compared with January-May 2008, according to the figures released Monday by the national association of sea ports.

Iran Pres Delays Russia Summit Visit To Tue

Iran Pres Delays Russia Summit Visit To Tue

Iran's President Mahmoud Ahmadinejad has put off a planned visit Monday to a summit in Russia until Tuesday after his disputed election victory, an Iranian delegation source said.

Russias Medvedev: Global Econ Crisis Not Yet Over

Russia's Medvedev: Global Econ Crisis Not Yet Over

The global economic crisis hasn't been resolved, Russian president Dmitry Medvedev said, but it has prompted Russia to work harder to diversify its economy, the RIA Novosti news service reported Monday.

Italys Eni To Boost Gas Imports From Libya

Italy's Eni To Boost Gas Imports From Libya

Italian oil and gas company Eni SpA (E) will soon boost its natural gas imports from Libya to at least 10 billion cubic meters a year from the current 8 billion, business daily Il Sole-24 Ore reports Sunday.

Sinopec Pursues Addax, In Bid For Oil Resources

Sinopec Pursues Addax, In Bid For Oil Resources

Sinopec, the Chinese state oil company, is in talks to acquire Addax Petroleum, a small explorer with oilfields in Iraqi Kurdistan and West Africa, according to a person familiar with the matter.

IAEA Meets To Discuss Iran, Syria Nuclear Investigations

IAEA Meets To Discuss Iran, Syria Nuclear Investigations

The U.N. atomic watchdog convened its regular June board meeting here Monday, with Iran's nuclear program expected to dominate following the country's disputed presidential election.

Italys Eni Poised To Sell North Sea Oil Assets

Italy's Eni Poised To Sell North Sea Oil Assets

Italian oil company Eni SpA (E) has hired Rothschild to sell most of its iNorth Sea oil assets for more than $1 billion, the U.K.'s Sunday Times newspaper reports.

World Awaits Recovery As G8 Finance Chiefs Meet

World Awaits Recovery As G8 Finance Chiefs Meet

Finance ministers from the G8 leading world powers meet for talks in Italy on Friday as populations hit by the worst economic crisis in decades wait for firm evidence of an upcoming recovery.

DNOs Kurdish Exports At 50,000 B/D In 4 Wks

DNO's Kurdish Exports At 50,000 B/D In 4 Wks

Oil exports from the Tawke field in Iraq's Kurdistan region should reach 50,000 barrels a day within four weeks, Helge Eide, chief executive of DNO International ASA (DNO.OS), said Thursday.

Iraq Raises July Basra, Kirkuk Crude OSP To All Buyers

Iraq Raises July Basra, Kirkuk Crude OSP To All Buyers

Iraq's State Oil Marketing Organization raised the July official selling prices of its Basra and Kirkuk crude oil to all customers, the head of SOMO told Dow Jones Newswires Friday.

Iran Begins Voting For New President

Iran Begins Voting For New President

Iranians poured into polling stations Friday to vote in a tight presidential race with incumbent hardliner Mahmoud Ahmadinejad facing a tough challenge from moderate ex-premier Mir Hossein Mousavi.

EBRD To Invest In Ukraines Energy Efficiency Projects

EBRD To Invest In Ukraine's Energy Efficiency Projects

The European Bank for Reconstruction and Development said Thursday it will consider investing in energy efficiency projects in Ukraine as part of a plan signed with Ukraine's government.