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GCC Perfect Place To Build Nuclear Pwr Plant - UK Authority

GCC Perfect Place To Build Nuclear Pwr Plant - UK Authority

The Gulf Cooperation Council, or GCC, is a perfect place to build a nuclear power plant, Lady Barbara Judge, chairman of the UK Atomic Energy Authority said Wednesday. "All the things we need to build a nuclear power plant are here in the Gulf," Judge told business leaders at a conference in Dubai.

Kuwait KPC Looking To Develop Non-Associated Gas Fields-Exec

Kuwait KPC Looking To Develop Non-Associated Gas Fields-Exec

State-run Kuwait Petroleum Corp., or KPC, is looking to develop non-associated gas fields in the country to help it meet the country's rising energy needs, a senior company official said Wednesday. "The gas Kuwait uses now is all associated gas and it is insufficient by a long shot to meet our power generation and petrochemical needs so we've got to use other fuels," Sheikh Nawaf Saud Nasir Al Sabah, deputy managing director and general counsel at KPC, said at a Dubai conference.

Iran Pres Blames Global Crisis

Iran Pres Blames Global Crisis

Iran's hardline President Mahmoud Ahmadinejad accused the U.S. and other world powers Wednesday of creating an "unfair" economic order which has triggered the global financial crisis. In an opening speech at a summit of the regional Economic Cooperation Organization, or ECO, in Tehran, Ahmadinejad said: "the United States and some of its allies are at the center of the economic crisis."

Repsol Chmn Warns Of Oil Supply Problems On Investment Drop

Repsol Chmn Warns Of Oil Supply Problems On Investment Drop

The oil industry could face significant supply challenges as investment for exploration projects take a hit from the global financial crisis, the chairman of Spanish oil giant Repsol YPF SA (REP) said Wednesday. Antonio Brufau told the Euro-Mediterranean Energy Forum that the cancellation of exploration projects may result in challenges to meet long-term demand.

Czech Utility CEZ, Albanian Govt Sign Power Contract

Czech Utility CEZ, Albanian Govt Sign Power Contract

Czech electricity utility CEZ AS (BAACEZ.PR) said Wednesday that it has signed a deal with the Albanian government to buy a 76% stake in Albanian power distributor Operatori i Sistemit te Shperndarjes, or OSSH. CEZ won the privatization tender for the majority stake in OSSH last October by offering EUR102 million for the Albanian company.

2nd «Ecotec – Environmental technologies & Photovoltaic systems»

2nd «Ecotec – Environmental technologies & Photovoltaic systems»

An impressive exhibition, the 2nd “Ecotec – Environmental technologies & Photovoltaic systems”, the national convention of Local Administrations and Prefectures and a series of interesting conferences, compose a 4-day of ecology with extreme interest starting from Friday April 3rd in Expo Athens, in Anthousa Attikis.

Gazprom, Hungary Set Up JV To Build South Stream Pipeline

Gazprom, Hungary Set Up JV To Build South Stream Pipeline

Russian gas firm OAO Gazprom (GAZP.RS) and Hungarian Development Bank have agreed to set up a joint venture for the construction of the South Stream gas pipeline through Hungary, Gazprom said Tuesday.

EU Broadens Antitrust Probe Into French Electric Rates

EU Broadens Antitrust Probe Into French Electric Rates

The European Commission said Tuesday it will broaden its antitrust investigation into French electricity rates, saying French rules appear to favor a small group of the company's largest electicity consumers.

Putin Expresses Doubts About Nabucco Pipeline

Putin Expresses Doubts About Nabucco Pipeline

Russia's Prime Minister Vladimir Putin expressed doubts about the ambitious Nabucco gas pipeline project that bypasses Russia, saying it required several transit states as well as Iran's involvement.

French Government Criticizes Total Over Plans For Job Cuts

French Government Criticizes Total Over Plans For Job Cuts

A government minister slammed the energy giant Total SA (TOT) Monday after France's largest firm announced it would cut jobs despite enjoying the most profitable year in French corporate history.

400 Greek Govt Workers Accused In Corruption Probe

400 Greek Govt Workers Accused In Corruption Probe

Nearly 400 Greek government workers may face prosecution for failing to justify their incomes under anti-corruption laws in the country's first case of its kind, authorities said Tuesday.

Putin Touts Russia Pipeline Over Rival EU Nabucco Pipe

Putin Touts Russia Pipeline Over Rival EU Nabucco Pipe

Prime Minister Vladimir Putin Tuesday talked up the prospects of a planned Russian-sponsored pipeline to Europe while expressing doubts over the European Union-backed Nabucco project that bypasses Russia.

CNPC To Invest Over CNY100B In 3rd West-East Pipeline

CNPC To Invest Over CNY100B In 3rd West-East Pipeline

China National Petroleum Corp. plans to invest more than CNY100 billion ($14.6 billion) in a third West-East natural gas pipeline, the chief consultant of the China Petroleum Pipeline Bureau said Monday.

Japan To Buy 30M Tons In Ukraine Emission Quotas

Japan To Buy 30M Tons In Ukraine Emission Quotas

The Japanese government decided to buy quotas for roughly 30 million metric tons of greenhouse gas emissions from Ukraine for around Y30 billion, in order to achieve a goal set by the Kyoto Protocol, the Nikkei reported in its Monday evening edition.