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China, India Vie For Russian Oil

China, India Vie For Russian Oil

China and India are facing off yet again in the race to secure energy resources to fuel their economic growth, this time in Russia's Siberian oil fields.

Iran Must Respond By Tuesday Or Face New Sanctions

Iran Must Respond By Tuesday Or Face New Sanctions

Iran faces new U.N. sanctions unless it gives a response by Tuesday to a six-power offer of incentives to freeze uranium enrichment operations, the U.K. Foreign Office said.

Kuwait Plans To Store Oil Abroad Due To Refining Projs

Kuwait Plans To Store Oil Abroad Due To Refining Projs

Plans to store Kuwaiti oil in Vietnam and China has economic purposes and is related to the refineries' projects in the two countries, Kuwait-based Al Rai daily reported Tuesday citing Saad Al Shuwaib, chief executive of state-owned Kuwait Petroleum Corp.

Rosneft May Get A Stake In Imperials Assets

Rosneft May Get A Stake In Imperial's Assets

Russia's state-controlled oil company OAO Rosneft (ROSN.RS) may ultimately get a stake in the assets of Russia-based Imperial Energy Corp. (IEC.LN), once they are acquired by a third party, people familiar with the matter said Monday.

Vopak: Gate LNG Terminal Signs Agreement With E.ON Ruhrgas

Vopak: Gate LNG Terminal Signs Agreement With E.ON Ruhrgas

Royal Vopak nv said Tuesday Gate Terminal, a strategic partnership between Nederlandse Gasunie and Vopak, has signed a long term throughput agreement with E.ON Ruhrgas AG (E.ON Ruhrgas) from Germany, one of Europe's leading energy companies.

BP Venture In Russia Hit As CFO Steps Down

BP Venture In Russia Hit As CFO Steps Down

BP PLC sustained one of the most serious blows yet in its fight to hold on to its lucrative Russian oil venture Monday, as the operation's chief financial officer quit amid the increasingly rancorous dispute between its British and local owners.

Gazprom Neft Looked At TNK-BP Stake Buy

Gazprom Neft Looked At TNK-BP Stake Buy

Gazprom Neft (SIBN.RS), the crude oil arm of Russia's state-owned OAO Gazprom (GAZP.RS), has looked at the possibility of acquiring a stake in BP PLC's (BP) TNK-BP Holding (TNBP.RS) joint venture, people familiar with the matter said this week.

Siberian Coal Energy Co Mandates Banks For IPO

Siberian Coal Energy Co Mandates Banks For IPO

Russia's biggest coal producer, Siberian Coal Energy Co., or SUEK, is mandating banks ahead of a possible initial public offering, Interfax news agency reported Monday citing an unnamed investment banker.

Egypt Plans $7B Foreign Invest In Oil, Gas Exploration

Egypt Plans $7B Foreign Invest In Oil, Gas Exploration

Egypt plans to implement a program for oil and gas exploration and development in fiscal year 2008-2009 with total foreign investments of $7 billion, Cairo-based Al Ahram daily reported Monday citing Abdul Aleem Taha, executive president of the Egyptian General Petroleum Authority.

Iberdrola Plans To Block ACS Foray In Company

Iberdrola Plans To Block ACS Foray In Company

Iberdrola SA (IBE.MC) is planning to take the winding path of law to block Actividades de Construccion y Servicios SA's (ACS.MC) foray into the Spanish utility and prevent the construction company from raising its stake further in Iberdrola and accessing its board, reports Expansion in its Monday Internet edition.

Mytilineos, Glencore in $2 bln deal

Mytilineos, Glencore in $2 bln deal

Shares in Greek metallurgy group Mytilineos jumped more than 2 percent yesterday after news it’s subsidiary had signed a 2 billion dollar deal to supply Switzerland’s Glencore with alumina for the next 10 years.

Areva To Supply Nuclear Fuel Assemblies For Taiwan Power

Areva To Supply Nuclear Fuel Assemblies For Taiwan Power

French nuclear operator Areva (CEI.FR) Friday said it signed a contract with Taiwan Power Company (Taipower) to supply boiling water reactor fuel assemblies for units 1 and 2 of the Chinshan and Kuosheng nuclear power plants.