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Italy PM To Seek EU Aid To Help Ukraine Pay For Russian

Italy PM To Seek EU Aid To Help Ukraine Pay For Russian

Italian Prime Minister Silvio Berlusconi will seek help for Ukraine to pay for Russian natural gas at the next European Union summit to prevent supplies to the E.U. being disrupted again, he said Thursday.

Rosneft Receives First $800M Tranche Of $15B Chinese Loan

Rosneft Receives First $800M Tranche Of $15B Chinese Loan

Russia's number one oil producer OAO Rosneft (ROSN.RS) Thursday said it has received the first $800 million tranche of a $15 billion loan the company was awarded by China Development Bank in February.

Romania PM Backs Nabucco, May Also Join South Stream

Romania PM Backs Nabucco, May Also Join South Stream

Romania supports the Nabucco gas pipeline project, but doesn't rule out participation in other European projects, such as South Stream, Prime Minister Emil Boc said Thursday, Mediafax news agency reports.

Major Gas Pipeline Explodes In Russia; Fire Out

Major Gas Pipeline Explodes In Russia; Fire Out

A major natural gas pipeline in central Russia exploded Thursday, the Emergencies Ministry said, the latest incident to expose the country's creaky energy infrastructure.

TPAO, Genel Enerji Sign Natural Gas Exploration Deal

TPAO, Genel Enerji Sign Natural Gas Exploration Deal

State-run Turkish Petroleum Corp. and Turkey-based oil explorer Genel Enerji have signed a deal with the Colombian government to explore for natural gas, the Ihlas News Agency, or IHA, reported Thursday.

Minister: Iran To Increase Oil Production

Minister: Iran To Increase Oil Production

Iran is taking measures, including an increase in its petroleum production, to counter recent U.S. threats to penalize companies supplying Iran with petroleum, Iran's government-controlled Press TV reports on its Web site Thursday.

Total Looks To End 1Q 2010 For Final Shtokman Decision

Total Looks To End 1Q 2010 For Final Shtokman Decision

French oil major Total SA (TOT) still hopes to make a final investment decision on taking part in developing Russia's giant Shtokman offshore gas field by the end of the first quarter 2010, a company executive said Wednesday.

Areva In Safety Systems Cooperation With Russias Rosatom

Areva In Safety Systems Cooperation With Russia's Rosatom

French nuclear engineering group Areva SA (CEI.FR) said Wednesday it plans to cooperate with Russian nuclear group Rosatom on safety instrumentation and control systems for the first four VVER-type reactors to be built in Russia.

Gazprom Eyes Role In Iran-Pakistan Pipeline

Gazprom Eyes Role In Iran-Pakistan Pipeline

Russian gas export monopoly Gazprom OAO (OGZPY) is keen to participate in a pipeline to carry Iranian gas to Pakistan, the Kommersant daily reported Wednesday, citing company and government officials.

Russia Gas Exports Fall By Half In January To April

Russia Gas Exports Fall By Half In January To April

Russian gas exports fell by 53% from January through April this year compared with the same period in 2008, Interfax news agency quoted the economic development ministry as saying Tuesday.

Libya, Ukraine Sign Nuclear Power Deal

Libya, Ukraine Sign Nuclear Power Deal

Libya and Ukraine have signed deals to cooperate in both peaceful civilian nuclear energy and in defense during a visit by Ukrainian Prime Minister Yulia Tymoshenko.

Iran To Issue Bonds To Fund South Pars Gas Field

Iran To Issue Bonds To Fund South Pars Gas Field

The Iranian government is to issue EUR1 billion worth of bonds to help fund the development of the South Pars gas field, the world's largest, Oil Minister Gholam-Hossein Nozari said Tuesday, Press TV reports on its Web site.

Gazprom To Invest RUB11.8B In Gas Pipe In 2009

Gazprom To Invest RUB11.8B In Gas Pipe In 2009

Russia's OAO Gazprom (GAZP.RS) plans to invest 11.8 billion rubles in the construction of a gas pipeline on the Kamchatka Peninsula in 2009, Gazprom said in a statement Tuesday.