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Kazakhstan Lowers 08 Oil Output Forecast To 67.6M Tons

Kazakhstan Lowers 08 Oil Output Forecast To 67.6M Tons

The Kazakh government has lowered its forecast for oil and gas condensate production for this year to 67.6 million metric tons, or 1.35 million barrels a day, from 70 million tons, the economy minister said Wednesday, according to Kazakhstan Today news agency.

Kuwait Introduces Oil Deals Tied To Output Targets

Kuwait Introduces Oil Deals Tied To Output Targets

State-owned Kuwait Petroleum Corp. is negotiating performance-related contracts with international oil companies as it seeks to boost oil and gas production, the Financial Times newspaper reports Wednesday.

Iran Agrees In Principle To EU Visit On Nuclear Offer-IRNA

Iran Agrees In Principle To EU Visit On Nuclear Offer-IRNA

Iran said Wednesday it has agreed in principle to a visit by European Union foreign policy chief Javier Solana to deliver a package being drawn up by world powers in a new bid to persuade Tehran to halt controversial nuclear work.

Gaz de France Summoned To Crt By Works Council Secretary

Gaz de France Summoned To Crt By Works Council Secretary

Gaz de France (1020848.FR), which is to merge with French peer Suez (SZE.FR), has been summoned to court by the secretary of its work council in an attempt to prevent the May 26 meeting of the council from taking place, a company spokesman said Wednesday.

E.ON Workers Walk Out; Pwr Production Not Seen Hit

E.ON Workers Walk Out; Pwr Production Not Seen Hit

Workers at E.ON AG (EOA.XE) walked out for a one-day warning strike Wednesday over a pay dispute, but the company and union executives said the action isn't affecting power production.

Gas Natural Not Looking At Any Acquisitions

Gas Natural Not Looking At Any Acquisitions

Spanish gas distributor Gas Natural SDG SA (GAS.MC) isn't looking to make any acquisitions at the moment, Chairman Salvador Gabarro said Wednesday.

Kosovo and Albania Explore Projects

Kosovo and Albania Explore Projects

Kosovo and Albania have begun exploring how best to bring their economies closer, focusing on energy projects, infrastructure and trade, officials said yesterday.

US Requests China To Join IEA To Curb Energy Prices

US Requests China To Join IEA To Curb Energy Prices

The U.S. has asked that China join the International Energy Agency, which was set up after the oil shocks of the 1970s to help developed countries manage emergency oil supplies.

Iran Fuels Mideast Nuclear Interest; Risk Of Arms Race

Iran Fuels Mideast Nuclear Interest; Risk Of Arms Race

Iran's disputed nuclear program has sent a wave of interest in atomic energy across the Middle East, a think tank said Tuesday, warning that it risked setting the scene for a regional nuclear arms race.

Suez In Talks Over UK Nuclear Energy Sector SZEZY

Suez In Talks Over UK Nuclear Energy Sector >SZEZY

Suez SA said Tuesday that it continues to participate in discussions with interested parties regarding the future development of the nuclear energy sector in the U.K., including discussions relating to British Energy

Eni Offers Rome Gas Grid In Exchange For Distrigas Purchase

Eni Offers Rome Gas Grid In Exchange For Distrigas Purchase

Eni SpA (E) has offered the Italian capital's gas grid in its bid to buy the majority stake in Distrigas SA (DIST.BT) that Suez SA (SZE.FR) is selling, Eni Chief Executive Paolo Scaroni said Tuesday.

E.ON Looks At Kent Sites For UK Nuclear Power Stations

E.ON Looks At Kent Sites For UK Nuclear Power Stations

E.ON AG (EONGY), the German utility, is considering nominating its own brownfield sites at the Isle of Grain and Kingsnorth power plants in Kent, the U.K. as possible locations for new nuclear power stations before a deadline for applications this autumn set by the government, The Times of London reports Tuesday.

Kazakh Ban On Oil Pdt Exports To Last Until September

Kazakh Ban On Oil Pdt Exports To Last Until September

Kazakh Energy and Mineral Resources Minister Sauat Mynbayev said Tuesday the government's ban on the export of oil products will last until Sept. 1, Interfax news agency reports.

Energy Ιnvestments Νeed Αcceleration

Energy Ιnvestments Νeed Αcceleration

Greece’s power consumption in 2006 represented 0.37 percent of the world’s total, but is expected to drop to 0.25 percent by 2030, according to a study by Alpha Bank.

Fuel Strike Raises Issues of Cartels, Competitiveness

Fuel Strike Raises Issues of Cartels, Competitiveness

The government’s handling of the recent fuel distributors’ strike provoked an angry response from the leadership of the Hellenic Federation of Enterprises (SEV) and the General Confederation of Greek Labor (GSEE), during yesterday’s meeting of the National Competitiveness Council.