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Oil Closes Below $100 Level

Oil Closes Below $100 Level

The turmoil on Wall Street sent oil prices sharply below $100 a barrel for the first time since March, even as the ravages of Hurricane Ike shoved gasoline prices back up toward $4 a gallon.

Iran To Buy Turkmen Gas At Floating Price From Next Yr - Shana

Iran To Buy Turkmen Gas At Floating Price From Next Yr - Shana

Iran will begin to use a "floating" price formula for its purchases of natural gas from Turkmenistan starting next year, the oil ministry's official Shana Web site reported Monday, citing the managing director of the National Iranian Gas Co.

DJ Turkish Watchdog Says No Veto On Refinery Applications -IHA

DJ Turkish Watchdog Says No Veto On Refinery Applications -IHA

Turkey's energy watchdog EPDK hasn't rejected any application for building a refinery in the country, head of the regulator Hasan Koktas said late Monday, the Ihlas News Agency, or OHA, reported Tuesday.

INA Board Sees MOL Offer Price As Acceptable, Supports Bid

INA Board Sees MOL Offer Price As Acceptable, Supports Bid

The board of directors of Croatian refiner INA d.d. (INA.ZG) said Monday that the public buyout price offered by Hungarian oil and gas company MOL Nyrt. (MOL.BU) for all outstanding INA shares not owned by the government is acceptable considering the current business environment, according to a release published on the Web site of the Zagreb stock exchange.

Iran Oil Min Warns OMV To Hurry Up On Nabucco Deal

Iran Oil Min Warns OMV To Hurry Up On Nabucco Deal

Iranian Oil Minister Gholam Hossein Nozari warns Austrian-based energy company OMV AG (OMV.VI) not to delay signing contracts on the Nabucco gas pipeline project in an interview published in Friday's edition of Austrian daily Wiener Zeitung.

Additional Pipeline Projects No Danger To Nabucco

Additional Pipeline Projects No Danger To Nabucco

Alternative projects pose no threat to the European Union's flagship Nabucco gas pipeline, European Commission President Jose Manuel Barroso said in Budapest Monday.

Russias Medvedev: No Changes In Russian Economic Policy

Russia's Medvedev: No Changes In Russian Economic Policy

Russian President Dmitry Medvedev Monday said there is no need to change the country's economic policy and called for more domestic capital to be invested in Russian financial markets.

Iran Oil Min: Higher Dollar Behind Fall In Crude Price

Iran Oil Min: Higher Dollar Behind Fall In Crude Price

Iran's Oil Minister Gholam Hossein Nozari said Sunday crude oil prices are dropping due to the strengthening of the U.S. dollar, the oil ministry's official Shana Web site reported.

Enel: Gazprom Has Indicated Power Plant It Wants A Stake

Enel: Gazprom Has Indicated Power Plant It Wants A Stake

Chief Executive Fulvio Conti of Enel SpA (ENEL.MI) said Saturday OAO Gazprom (GAZP.RS) has "indicated" the power plant in Italy it wants a minority stake in, as part of the Russian energy company's plans to enter the Mediterranean country.

British Energy Bd To Meet On Potential New EdF Offer-Source

British Energy Bd To Meet On "Potential" New EdF Offer-Source

U.K.-based nuclear operator British Energy PLC's (BGY.LN) board is going to meet soon to study a "potential" sweetened takeover offer from French state-controlled electricity giant Electricite de France (1024251.FR), a source familiar with the matter told Dow Jones Newswires Monday.

Albania seeks to become major wind energy producer

Albania seeks to become major wind energy producer

In the first initiative of its kind, an Albanian wind park will produce energy for export to Italy. Several similar projects are in the works. Albania is building its first wind park and plans to export energy to Italy under a new initiative. Two companies -- Italy's Moncada Costruzioni and Enpower Albania -- are behind the project, which could provide a capacity of 500MW.

Power Deals

Power Deals

Petrol dd, Slovenia’s largest energy company, may look to buy further fuel retail assets following OAO Gazprom’s planned entry into the Balkan oil market, according to Chief Executive Officer Marko Kryzanowski. “Gazprom is a giant that affects every market it enters,” Kryzanowski said in an interview in the Slovenian capital of Ljubljana.