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Gas Pipeline Deal Signed With Edison

Gas Pipeline Deal Signed With Edison

Gas company DEPA has signed an agreement with Italy’s Edison for the construction of a 500-million-euro underwater pipeline linking the two countries in one of Greece’s largest energy projects.

Petrol, Food Prices Seen Staying High for 2 yrs

Petrol, Food Prices Seen Staying High for 2 yrs

Petrol prices are likely to remain high for the next two years, experts said yesterday, though they stressed that the worst of the international market turmoil is likely to be fading into the past.

Turkey Cancels Tender for Energy Adviser

Turkey Cancels Tender for Energy Adviser

Turkey’s sell-off agency has canceled a tender to select an adviser for the privatization of a group of power stations belonging to the Electricity Production Corporation, also known as EUAS, banking sources said yesterday. The tender has been canceled as a result of the lack of a satisfactory number of bids.

Iran NIOC In Talks With Gazprom Neft On Oil Field Devt

Iran NIOC In Talks With Gazprom Neft On Oil Field Devt

A senior team of National Iranian Oil Company officials began talks with a delegation from Russia's Gazprom Neft (SIBN.RS), the Iranian state news agency IRNA reported Tuesday.

Iberdrola Withdraws From British Energy Bidding Process

Iberdrola Withdraws From British Energy Bidding Process

Iberdrola SA (IBE.MC) is withdrawing from the bidding process for British Energy Group PLC (BGY.LN), a spokesman for the Spanish electricity company said Thursday, confirming an earlier report from Spanish news agency EFE.

IEA: Saudi Mtg A Chance To Act Collectively To Reassure Mkt

IEA: Saudi Mtg A Chance To Act Collectively To Reassure Mkt

The head of the International Energy Agency sees the June 22 talks in Jeddah, Saudi Arabia among oil producers and consumers as a chance to "act collectively to reassure the market about future demand and supply balances in order to change the perception of extended tightness."

EU Escalates GdF, E.ON Antitrust Case; Sends Charges

EU Escalates GdF, E.ON Antitrust Case; Sends Charges

The European Commission Thursday escalated its antitrust case against French state-controlled natural gas operator Gaz de France (1020848.FR) and German Energy company E.ON AG (EOA.XE), sending formal charges to the companies on suspicion they had agreed to stay out of each other's home markets for the supply of gas.

Irans NIOC To Require Oil Investments Worth $200 Bln

Iran's NIOC To Require Oil Investments Worth $200 Bln

National Iranian Oil Co. hopes to attract domestic and foreign investment to the tune of $200 billion for oil projects under the country's 20-year economic development plan, the oil ministry's official Shana Web site reported Wednesday.

OMV:Parttaking In South Stream Pipeline No Threat To Nabucco

OMV:Parttaking In South Stream Pipeline No Threat To Nabucco

Austrian oil and gas company OMV AG (OMV.VI) is interested in operating an Austrian section of the planned Russian South Stream natural gas pipeline, and says it wouldn't affect the company's participation in the European Union-backed Nabucco pipeline project.

Italy-Greece Set Up JV For 8Bln Cubic Mtr Pipeline

Italy-Greece Set Up JV For 8Bln Cubic Mtr Pipeline

Italy and Greece have set up a joint venture for the construction of a gas pipeline between the two countries, with a transport capacity of 8 billion cubic meters a year, Greece's monopoly natural gas provider DEPA said Wednesday.

Eni CEO Says Kashagan Talks With Kazakh Govt Continue

Eni CEO Says Kashagan Talks With Kazakh Govt Continue

Chief Executive Paolo Scaroni of Eni SpA (E), which leads the consortium developing Kashagan, said Tuesday that talks with the Kazakh government are continuing over the oil field, despite an accord reached five months ago to end a spat between the parties.

Eni CEO Says Kashagan Talks With Kazakh Govt Continue

Eni CEO Says Kashagan Talks With Kazakh Govt Continue

Chief Executive Paolo Scaroni of Eni SpA (E), which leads the consortium developing Kashagan, said Tuesday that talks with the Kazakh government are continuing over the oil field, despite an accord reached five months ago to end a spat between the parties.

Caspian Gas Rush Hasnt Cut Prices -Gazprom CEO

Caspian Gas Rush Hasn't Cut Prices -Gazprom CEO

The rush by the likes of China, the European Union and the U.S. toward the Caspian region as an alternative supplier of gas to Russia is neither increasing security of supply for these countries nor lowering prices, the chief executive of Russian gas monopoly OAO Gazprom (GAZP.RS) said Tuesday.