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Cadogan To Start Production In 4Q, Invest $498M By 2010

Cadogan To Start Production In 4Q, Invest $498M By 2010

Cadogan Petroleum (CAD.LN), an independent oil and gas company with assets in Ukraine, expects to start commercial production of natural gas by the end of 2008, and to move to "substantial production" by mid-2009, Chief Executive Mark Tolley told Dow Jones Newswires Thursday.

Iran Oil Min: OPEC May Hold Mid-Nov Emergency Mtg

Iran Oil Min: OPEC May Hold Mid-Nov Emergency Mtg

Iran's oil minister said Thursday the Organization of Petroleum Exporting Countries may hold an emergency meeting in mid-November, the state IRNA news agency reported.

Kazakh KazMunaiGas EP Plans GDR, Share Buyback

Kazakh KazMunaiGas EP Plans GDR, Share Buyback

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Thursday it would buy back its common shares and global depository receipts traded on the Kazakhstan and London Stock Exchanges, respectively.

TNK-BP:To Invest In Ukraines Refinery, Eyes Upstream Options

TNK-BP:To Invest In Ukraine's Refinery, Eyes Upstream Options

Despite the current financial crisis, Anglo-Russian oil joint venture TNK-BP (TNBP.RS) is still ready to modernize its refinery in Ukraine and is studying options to expand its upstream business in the country, Sergey Lisunov, the president of TNK-BP Commerce, TNK-BP's subsidiary in Ukraine told Dow Jones Newswires Wednesday.

Lithuania To Vote On Delaying EU-Agreed Nuclear Plant Shutdn

Lithuania To Vote On Delaying EU-Agreed Nuclear Plant Shutdn

Lithuania's voters will Sunday have a chance to increase the pressure on the European Union to delay the shutdown of a Chernobyl-style nuclear plant which provides the bulk of the Baltic state's power.

Russia Denies Weapons Sales To Iran

Russia Denies Weapons Sales To Iran

Russia on Thursday denied reports it plans to sell S-300 surface-to-air missiles to Iran, a move that could complicate an attack on that country's nuclear infrastructure.

Moscow Stocks Continue Their Rebound, RTS Halted

Moscow Stocks Continue Their Rebound, RTS Halted

Russian stocks rebounded sharply in Thursday's afternoon trading, with financial markets regulators causing confusion among traders by suspending and resuming trading at MICEX twice after a sharp surge in prices.

France Plans EUR400M For Low-Carbon Vehicle R&D

France Plans EUR400M For Low-Carbon Vehicle R&D

French President Nicolas Sarkozy Thursday said the government has earmarked EUR400 million in financing for research and development into low-carbon emission vehicles over the next four years.

EDF, Peugeot In Electric, Plug-In Hybrid Partnership

EDF, Peugeot In Electric, Plug-In Hybrid Partnership

French state-controlled utility Electricite de France (1024251.FR) and car maker PSA Peugeot Citroen (12150.FR) said Thursday they have formed a partnership to support the development and future marketing of electric vehicles and plug-in hybrids.

Russia To Delay West Gas Pipeline Project To China

Russia To Delay West Gas Pipeline Project To China

Russia will delay construction of a proposed gas pipeline project linking the country with China due to competition from other gas sources in the Chinese market, the official Xinhua news agency reported on Tuesday, citing Russian media.

BP To Add Tengiz Crude To BTC Oil Pipeline In 2nd Half Of Oct

BP To Add Tengiz Crude To BTC Oil Pipeline In 2nd Half Of Oct

A small volume of crude oil from the Tengiz field in Kazakhstan will be added to the Baku-Tbilisi-Ceyhan pipeline from the second half of October, arriving in the Turkish port of Ceyhan in mid-November, a spokesman for pipeline operator BP PLC (BP) said Wednesday.

Regal Is In Talks With Potential Strategic Partners

Regal Is In Talks With Potential Strategic Partners

London-listed Regal Petroleum (RPT.LN) is in talks with potential strategic partners to develop its gas assets in Ukraine, Chief Executive David Greer told Dow Jones Newswires Tuesday.

Sarkozy, Medvedev Meet Ahead Of Georgia Troop Deadline

Sarkozy, Medvedev Meet Ahead Of Georgia Troop Deadline

Russian President Dmitry Medvedev was to hold talks Wednesday with his French counterpart Nicolas Sarkozy, who brokered the ceasefire in Moscow's war with Georgia, two days before a deadline for the pullback of his troops.

Iran Could Spark Mideast Nuclear Arms Race

Iran Could Spark Mideast Nuclear Arms Race

U.K. Foreign Secretary David Miliband warned Tuesday of a nuclear arms race in the Middle East if Iran was allowed to press ahead unchecked with a uranium enrichment program.