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Iran Says Any Attack On Its Nuclear Sites Means War

Iran Says Any Attack On Its Nuclear Sites Means War

The head of Iran's elite Revolutionary Guards has warned that any Israeli or U.S. attack on its nuclear sites would mean the outbreak of war, the official IRNA news agency reported Friday.

Russia To Continue Cutting Oil Taxes To Spur Growth

Russia To Continue Cutting Oil Taxes To Spur Growth

Russian Energy Minister Sergei Shmatko said Friday that the government will continue to offer tax incentives to the country's oil sector, the news agency Interfax reported.

EdF: Advancing With Devt Of Proposed Dunkirk Methane Terminal

EdF: Advancing With Devt Of Proposed Dunkirk Methane Terminal

French state-controlled electricity group Electricite de France (1024251.FR), or EdF, said Thursday that it was pushing ahead with studies for the proposed methane terminal at the Clipon site in Dunkirk in France following a decision of the Dunkirk Port Authority, or PAD.

OMV CEO: High Oil Price Pushes New Energy Sources

OMV CEO: High Oil Price Pushes New Energy Sources

The chief executive of Austrian oil and gas company OMV AG (OMV.VI) rates the steep rise of the oil price in previous months to be a positive development, he told Austrian newspaper Kurier in an interview published Friday.

RWEs Russian TGK-2 Investment Facing Headwinds

RWE's Russian TGK-2 Investment Facing Headwinds

German utility RWE AG (RWE.XE) is facing headwinds at the planned takeover of Russian power generating company TGK-2 (TGKB.RS), German daily Handelsblatt writes Friday, citing company sources.

Threat of Energy Shortages Looms Over Balkan Growth

Threat of Energy Shortages Looms Over Balkan Growth

Southeast Europe will face severe electricity shortages in coming years that could cause economic growth in the region to slow significantly, leading energy experts warned yesterday.

Terna Energy Expansion

Terna Energy Expansion

The investment program of listed company Terna Energy is now in full swing, its annual general meeting heard yesterday, while it also approved the distribution of dividends to the tune of 0.055 euros per share.

Eni, Petrobras Deepen Energy, Biofuel Links

Eni, Petrobras Deepen Energy, Biofuel Links

Italian oil and natural gas company Eni SpA (E) Wednesday said it agreed to expand energy ties with Brazil's Petroleos Brasileiro SA (PBR), reinforcing a relationship at a time when U.S. and European oil companies are struggling to get access to oil reserves globally.

Turkey Aims To Meet Half Of Its Oil Needs By 2015

Turkey Aims To Meet Half Of Its Oil Needs By 2015

Prime Minister Recep Tayyip Erdogan said Wednesday that Turkey may be able to meet half of its oil needs by 2015 by developing exploration and production activities in the Black Sea and other fields, the Ihlas News Agency, or IHA, reported.

IEA Head:Russia Should Cut Oil Taxes,Save Energy

IEA Head:Russia Should Cut Oil Taxes,Save Energy

Russia, which faces flagging oil output, should cut its oil taxes to encourage companies to invest in new projects, the head of the energy watchdog for oil consuming nations said Wednesday.

KazMunaiGas CFO: Working With Government On Tax Issue

KazMunaiGas CFO: Working With Government On Tax Issue

The chief financial officer of London-listed KazMunaiGas Exploration Production (RDGZ.KZ) said the company is cooperating with the Kazakhstan government on tax code revisions, which have prompted it to postpone takeover plans amid contractual uncertainty.

Transgaz Plans To Invest EUR12M-14M To Finish Gas Pipe

Transgaz Plans To Invest EUR12M-14M To Finish Gas Pipe

Romanian state-owned gas pipeline operator Transgaz Medias plans to invest between EUR12 million and EUR14 million to finalize the Romanian segment of Arad-Szeged natural gas pipeline, news agency Mediafax reported Wednesday.