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Italy, Germany To Discuss Energy, Climate Package

Italy, Germany To Discuss Energy, Climate Package

Italian Prime Minister Silvio Berlusconi and German Chancellor Angela Merkel meeting at a bilateral summit in Trieste Tuesday will focus on energy policy and the European Union's greenhouse gas control package, Il Sole-24 Ore reports Tuesday.

OMV In Talks With Turkmenistan, Shell In Iraq For Nabucco

OMV In Talks With Turkmenistan, Shell In Iraq For Nabucco

OMV AG (OMV.VI) and its partners in the Nabucco gas pipeline are in talks with Turkmenistan and Royal Dutch Shell PLC's (RDSB.LN) Iraqi operation to secure gas supply, the company's executives said Friday.

EU Wants To Work With Obama On Iraq, Other Key Issues

EU Wants To Work With Obama On Iraq, Other Key Issues

The European Union plans to propose working with U.S. President-elect Barack Obama on key issues including Iraq and to pledge participation in foreign military operations, German media reported.

Iran Wants OPEC Cut Of 1.0-1.5 Mln B/D

Iran Wants OPEC Cut Of 1.0-1.5 Mln B/D

Iran, OPEC's No. 2 oil producer, favors a cut in crude production of 1.0 million to 1.5 million barrels a day when the oil cartel meets in Cairo later this month, state television reported Saturday.

OPEC May Take Two Separate Actions In Nov,Dec

OPEC May Take Two Separate Actions In Nov,Dec

OPEC's Iran governor said Sunday the organization may take two separate actions in the coming month and that he hopes non-OPEC oil producers will help the organization's efforts as early as a Nov. 29 meeting.

E.ON Considering More Investment In Renewable Energy

E.ON Considering More Investment In Renewable Energy

German utility E.ON AG (EOAN.XE) is considering increasing the amount it plans to invest in renewable energy, Berliner Zeitung quotes Frank Mastiaux, head of the company's Climate & Renewables division, as saying Monday.

Saudi King:Plan Public,Oil Invest Over $400B Next 5 Yrs

Saudi King:Plan Public,Oil Invest Over $400B Next 5 Yrs

Saudi Arabia's King Abdullah said that the investment program of the Saudi public and oil sectors for the next five years will exceed $400 billion, Riyadh-based Al Jazirah daily reported Monday.

Kazakhstan, Azerbaijan State Oil Cos Agree To Ship Kazakh Oil

Kazakhstan, Azerbaijan State Oil Cos Agree To Ship Kazakh Oil

Kazakh state oil and gas company KazMunaiGas said Friday it has signed an agreement with Azerbaijan's state oil company on the main terms of shipping Kazakh crude oil to international markets via Azerbaijan.

Azeri Minister: BTC Pipeline To Ship 1M Bbl/Day By End

Azeri Minister: BTC Pipeline To Ship 1M Bbl/Day By End

The Baku-Tblisi-Ceyhan pipeline that carries Azerbaijani crude oil to the Mediterranean coast of Turkey will resume shipments of 1 million barrels per day by the end of the year, Azerbaijan's energy minister Natiq Aliyev said at an energy summit, which took place in Baku this week.

Russias Foreign Ministry Accuses Ukraine Over Georgia War

Russia's Foreign Ministry Accuses Ukraine Over Georgia War

Russia's Foreign Ministry on Thursday accused Ukraine of trying to "hide the truth" about Ukrainian nationals alleged to have fought alongside Georgian troops against Russia during a brief war in August.

Iran Says It Would Support OPEC Production Cut

Iran Says It Would Support OPEC Production Cut

Iran, number two oil producer in the Organization of Petroleum Exporting Countries, would support a decision to cut production by the group at an extraordinary meeting set for Cairo later this month, the Mehr news agency reported Friday.