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Turkey Will Initially Privatize Coal Power Plants

Turkey Will Initially Privatize Coal Power Plants

Turkish Energy Minister Hilmi Guler said at the weekend that power plant privatizations will begin after President Abdullah Gul approves an electricity market law and added that the government would initially sell coal-fired power plants, the Ihlas News Agency, or IHA, reported.

E.ON, DONG Buy Shells Stake In London Array Wind Project

E.ON, DONG Buy Shell's Stake In London Array Wind Project

The U.K. arm of Germany's E.ON AG (EOA.XE) and Denmark's DONG Energy said Monday they have bought Royal Dutch Shell PLC's (RDSB.LN) stake in the U.K.'s London Array offshore wind project, giving each company a half share in the project.

Russia Official: Still No Valid Work Contract From TNK-BP CEO

Russia Official: Still No Valid Work Contract From TNK-BP CEO

Russia's migration service Monday reaffirmed that it cannot grant a visa to Robert Dudley, the chief executive of Anglo-Russian oil joint venture TNK-BP (TNBP.RS), as long as he doesn't provide a valid work contract.

Turkey Facilitating Iran Nuclear Negotiations

Turkey Facilitating Iran Nuclear Negotiations

Iran and the six world powers negotiating a settlement to the standoff over the Islamic state's nuclear program have both requested Turkish help, Turkish Foreign Minister Ali Babacan said Monday.

Hungarian MOL, Czech CEZ Establish Joint Venture Co CM Power

Hungarian MOL, Czech CEZ Establish Joint Venture Co CM Power

Hungarian oil and gas company MOL Nyrt. (MOL.BU) and Czech power firm CEZ A.S. (BAACEZ.PR) have established CM European Power International B.V., the first entity of MOL and CEZ under a joint venture agreement signed Dec. 20 2007.

EU tells Slovaks to boost N-plant safety

EU tells Slovaks to boost N-plant safety

The European Commission called yesterday on Slovakia’s main electricity producer to step up safety at its planned extension of a Soviet-era nuclear power plant, slammed by Greenpeace as a hazardous unit.

Spain’s Iberdrola takes 68 percent Rokas stake

Spain’s Iberdrola takes 68 percent Rokas stake

Spanish renewable energy company Iberdrola Renovables raised its stake in Greek subsidiary Rokas as part of a bid to fully acquire the firm, Rokas said yesterday.

Gazprom Neft Interested In Buying 49% Of MangistauMunaigas

Gazprom Neft Interested In Buying 49% Of MangistauMunaigas

Russia's OAO Gazprom Neft (SIBN.RS), the oil arm of state-controlled gas giant OAO Gazprom (GAZP.RS), wants to buy a 49% stake in Kazakh oil producer AO MangistauMunaigas, the company said late Thursday.

KazMunaiGas EP 1H Crude Oil Production Up 19% On Year

KazMunaiGas EP 1H Crude Oil Production Up 19% On Year

Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ), or KMG EP, Friday said it produced 238,000 barrels of crude oil a day in the first six months of the year, a 19% rise on the year-earlier period.

Iran Says US Involvement In Nuclear Talks Will Help

Iran Says US Involvement In Nuclear Talks Will Help

Iran said on Thursday that it hoped weekend talks aimed at defusing the long-running standoff over its nuclear drive would produce "positive developments" and voiced satisfaction at U.S. involvement.

BP:Dudley To Remain TNK-BP CEO If Forced Out Of Russia

BP:Dudley To Remain TNK-BP CEO If Forced Out Of Russia

Robert Dudley, chief executive of Anglo-Russian oil producer TNK-BP (TNBP.RS), will be forced to leave Russia Saturday if a decision isn't made to renew his visa, but he will remain the head of the company, a representative of BP PLC (BP) said Thursday.

Gazprom Plans Cutting Staff By 10% To Reduce Costs

Gazprom Plans Cutting Staff By 10% To Reduce Costs

Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) will start reducing its staff of almost half a million employees, the Kommersant daily reported Friday, citing unnamed industry sources.

CEZ Considers Building Nuclear Plant In Russia

CEZ Considers Building Nuclear Plant In Russia

Czech power company CEZ AS (BAACEZ.PR) is considering bidding for one-third of Kaliningrad AES power company from RAO JES of Russia, a deal that would include the construction of new nuclear generation capacity in Russia, newspaper E15 reported Friday citing sources.

E.ON Looks For Growth In Italian Gas, Nuclear Sectors

E.ON Looks For Growth In Italian Gas, Nuclear Sectors

German utility E.On AG (EON) is looking to invest in the Italian energy market, particularly in the gas and nuclear sectors, E.ON Italia's chief executive Klaus Schafer told Corriere della Sera in an interview published in its Friday Internet edition.

ExxonMobil In Talks With Possible PNG LNG Buyers

ExxonMobil In Talks With Possible PNG LNG Buyers

ExxonMobil Corp. (XOM) said Friday it has started marketing gas from its planned liquified natural gas project in Papua New Guinea to potential buyers.

Iran Feels Bite Of Sanctions, But Impact Is Unclear

Iran Feels Bite Of Sanctions, But Impact Is Unclear

As Iran prepares to hold nuclear talks this weekend with Europe and the U.S., economic sanctions are crimping Tehran's oil industry -- but they haven't broken it.