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Iran Oil Official: Crude Wont Exceed $72/Bbl In 09

Iran Oil Official: Crude Won't Exceed $72/Bbl In '09

A senior Iranian oil official said a significant rise in crude oil demand is "improbable" until 2010 and the price per barrel of crude likely won't exceed $72 in 2009, the oil ministry's official Shana news agency reported late Saturday.

Iraq Kurd Leader Vows No Compromise Over Oil City

Iraq Kurd Leader Vows No Compromise Over Oil City

The president of Iraq's autonomous Kurdish region, Massud Barzani, said he won't "compromise" on longstanding Kurdish claims to the oil-rich province of Kirkuk, in a speech late Sunday.

Ministry pushes back DEPA, airport sale

Ministry pushes back DEPA, airport sale

Greece has pushed back plans to sell stakes in its natural gas monopoly and its biggest airport this year, officials said yesterday, citing complications and adverse market conditions

EU, Ukraine Step Up Talks To Head Off Gas Crisis

EU, Ukraine Step Up Talks To Head Off Gas Crisis

The European Union said Friday it will step up talks with Ukraine, Russia and international financial institutions on financial aid to Ukraine, in a bid to head off renewed disruption of European gas supplies this winter.

Russia Seeks Alternative Fuel Resources In Siberia

Russia Seeks Alternative Fuel Resources In Siberia

Underwater research in Siberia's Lake Baikal has produced almost 5 kilograms of gas hydrates, a possible alternative to oil and gas containing a higher concentration of hydrocarbons, the RIA Novosti news service reports Friday, citing an expedition participant.

German Minister Rules Out New Nuclear Power Stations

German Minister Rules Out New Nuclear Power Stations

Germany's economy minister Friday ruled out building new nuclear power stations but said the life of some reactors might be extended and the development of alternative technologies stepped up.

EU Demands Access To Georgian Regions Of S Ossetia, Abkhazia

EU Demands Access To Georgian Regions Of S Ossetia, Abkhazia

European Union monitors must be given access to Georgian separatist regions they have been blocked from entering despite being mandated to work there, Swedish Foreign Minister Carl Bildt said Friday.

Greek PPC Faces Delays At Power Plant Projects

Greek PPC Faces Delays At Power Plant Projects

Greece's state-controlled electric utility, Public Power Corp. SA (PPC.AT), acknowledged Friday that it was facing delays with several major power plant projects, but denied that its giant six-year, EUR13.5 billion investment program was in jeopardy.

China Coal Energy 1H Coal Output 52.67M Tons, Up 5.4% On Yr

China Coal Energy 1H Coal Output 52.67M Tons, Up 5.4% On Yr

China Coal Energy Co. (1898.HK), the country's second-largest coal producer by revenue, said Friday its raw coal output for the first half reached 52.67 million metric tons, up 5.4% from the year-earlier period.

Kosovo Aiming to Become Energy Exporter

Kosovo Aiming to Become Energy Exporter

Pristina (Reuters) – Kosovo plans to build a new power plant they hope will attract 3,5 billion euros in foreign investment and turn it into an energy exporter, the prime minister said on Thursday.

Gas, Financial Crisis Set To Dominate Germany-Russia Talks

Gas, Financial Crisis Set To Dominate Germany-Russia Talks

German Chancellor Angela Merkel Thursday hosts Russia's President Dmitry Medvedev for talks dominated by efforts to avoid a new spat over gas supplies to Europe and the global financial crisis.

Iran Official: Nabucco Not Possible Without Iran

Iran Official: Nabucco Not Possible Without Iran

A senior Iranian Foreign Ministry official said energy transfer to Europe through countries along the eastern side of the Caspian Sea isn't possible without Iranian gas, and referred to the use of trans-Caspian pipelines under the Caspian seabed as "null and void" due to environmental concerns, the Iran Daily newspaper reports Thursday.

EU: Has Taken Enough Gas Steps To Get Through Winter

EU: Has Taken Enough Gas Steps To Get Through Winter

The European Union has taken enough steps to make it through the winter, even in the case of another gas crisis disrupting supplies, Energy Commissioner Andris Piebalgs said Thursday.

52 Bids For Pre-Qualification For 3 Pwr Grids

52 Bids For Pre-Qualification For 3 Pwr Grids

Turkey's privatization agency OIB said Thursday 52 applications have been received for pre-qualification to bid for the privatization of three electricity distribution grids, the Ihlas News Agency, or IHA, reported.

EU Proposes Rules To Improve Gas Supply Security

EU Proposes Rules To Improve Gas Supply Security

The European Commission proposed Thursday new rules to make sure the European Union is better prepared to face natural gas shortages, as a potential new crisis between Ukraine and Russia risks affecting European supplies.