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Czech CEZ Buys 100% Of Local Biomass Power Generator

Czech CEZ Buys 100% Of Local Biomass Power Generator

Czech power utility CEZ AS (BAACEZ.PR) said Thursday it has bought a 100% stake in Czech Heat AS, a privately-held Czech operator of a biomass power and heating co-generation plant in southern Czech Republic.

Gazprom May Revise Timeframe For Priority Projects

Gazprom May Revise Timeframe For Priority Projects

Russian gas firm OAO Gazprom (GAZP.RS) may revise the timeframe for some of its priority projects including developments on the Yamal peninsula, the Interfax news agency said Thursday citing the company's Deputy Chief Executive Valery Golubev.

Gazprom Gains Foothold In US LNG Mkt With Shell Swap Deal

Gazprom Gains Foothold In US LNG Mkt With Shell Swap Deal

Russian gas monopoly OAO Gazprom (GAZP.RS) gained its first direct foothold in the U.S. gas market Thursday after signing a new agreement with Royal Dutch Shell PLC (RDSB.LN) to swap a million metric tons a year of liquefied natural gas destined for North America for the equivalent amount of natural gas delivered by pipeline in Europe.

Turkmen Govt: Pipeline Repairs To Take 2-3 Days

Turkmen Govt: Pipeline Repairs To Take 2-3 Days

The rupture of a gas pipeline in Turkmenistan, which caused a suspension in Turkmen gas supplies to Russia, will be repaired within two to three days, the Ria Novosti news agency reports on its Web site Thursday, citing a source in the Turkmen government.

Iraq Invites Brazils Petrobras To Build Refinery

Iraq Invites Brazil's Petrobras To Build Refinery

Brazil's government-controlled energy giant Petrobras (PBR) has received an invitation from Iraq's government to build an oil refinery in that country, local financial newspaper Valor Economico reported Thursday.

GDF Suez, Partners Eye Building 1, 2 UK Reactors

GDF Suez, Partners Eye Building 1, 2 UK Reactors

French utility GDF Suez SA (GSZ.FR) aims, with its partners, to build "one or two" EPR nuclear reactors in the U.K, a company executive said Thursday in a presentation.

Azerbaijani, US Leaders Discuss Turkey-Armenia Ties

Azerbaijani, US Leaders Discuss Turkey-Armenia Ties

Azerbaijani leader Ilham Aliyev has spoken to U.S. President Barack Obama amid growing concern in Baku over efforts to reconcile close ally Turkey with arch-rival Armenia, Aliyev's office said Wednesday.

Frances Total Prepares To Start Drilling In Sudan

France's Total Prepares To Start Drilling In Sudan

French oil major Total S.A. (TOT) wants to start drilling in southern Sudan as it seeks to boost output from Africa's sixth-largest producer despite international pressure on the country's government.

Iraqs Kurdistan Can Export 100,000 B/D

Iraq's Kurdistan Can Export 100,000 B/D

The Kurdistan Regional Government can now export up to 100,000 barrels a day from oil fields in the region, the KRG's Natural Resources Minister Ashti Hawrami said in a statement posted in the government's Web site.

Polish Lotos:Technical Problems Hit Petrobaltic 1Q Oil Output

Polish Lotos:Technical Problems Hit Petrobaltic 1Q Oil Output

First quarter output at Petrobaltic, the oil extracting arm of Poland's second-largest oil refiner Grupa Lotos SA (LTS.WA), was hit by technical failure, Lotos Chief Executive Pawel Olechnowicz said Wednesday.

Russia Approves Budget For ExxonMobils Sakhalin Project

Russia Approves Budget For ExxonMobil's Sakhalin Project

Russia's Energy Ministry has approved the budget of the Exxon Mobil Corp. (XOM)-led Sakhalin-1 project, a consortium operating oil and gas fields on Russia's Pacific coast, the ministry said Friday.

Gazprom Mandates Credit Suisse For USD Bond Issuance:Source

Gazprom Mandates Credit Suisse For USD Bond Issuance:Source

Russian gas monopoly Gazprom OAO (OGZPY) has mandated Credit Suisse Group(CS) as the "sole lead manager" for a forthcoming dollar-denominated bond issuance, according to a fund manager term sheet obtained Wednesday.

Naftogaz: Signed Technical Gas Agreement With Gazprom

Naftogaz: Signed Technical Gas Agreement With Gazprom

Russia's natural gas monopoly OAO Gazprom (GAZP.RS) and Ukraine's national gas company Naftogaz signed late Monday a technical agreement on gas delivery and transit, Naftogaz said Tuesday.

Eni, Gazprom Sign New Energy Deals To Develop Italy

Eni, Gazprom Sign New Energy Deals To Develop Italy

Eni SpA (E) said it signed energy deals Tuesday that are a "step forward in strategic energy cooperation between Italy and Russia," including a plan for Gazprom (GAZP.RS) to buy a stake in Gazprom Neft from Eni that was announced earlier Tuesday.