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Kazmunaigas EP Board: 2007 Dividend Payment At $0.78 Per GDR

Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ), a unit of Kazmunaigas, said Friday its board of directors has recommended a dividend for 2007 of 563 tenge per share, approximately $0.78 per global depository receipt.

RWE Bid For British Energy Could Make Strategic Sense

A reported bid for U.K. nuclear power generator British Energy Group PLC (BGY.LN) by RWE AG (RWE.XE) could make strategic sense and would be in line with the German company's goal of improving its carbon dioxide emissions profile, analysts say.

French Fin Min's Richard Well Placed To Be EdF CEO

Stephane Richard, head of the cabinet of French Finance Minister Christine Lagarde, is "well placed" to succeed Pierre Gadonneix as Chief Executive of Electricite de France (1024251.FR), French business newspaper Les Echos reported Friday, citing matching reports from different anonymous sources.

Kazakhstan Pres: Won't Use Oil Fund To Deal With Fin Crisis

Kazakh President Nursultan Nazarbayev said the nation wouldn't tap into its $23 billion oil fund to weather the effects of the world financial crisis, according to his office late Thursday.

Four Foreign Firms Eye Turkey’s First Nuclear Plant Tender

Japan’s Itochu, Atomic Energy Canada Ltd, France’s Vinci and Suez have taken tender documents to build Turkey’s first nuclear power plant, an energy official told Reuters yesterday.

Power Officials Praying for More Rain Before Summer

Greece Facing EU Court Action

Greece is likely to face the European Court of Justice over several infringements related to failure to implement EU guidelines on environmental policy, sources said yesterday.

Aegean Air to Raise its Fuel Surcharges

Aegean Airlines, the second-biggest carrier in Greece, will increase ticket surcharges starting April 15 to cover the rising cost of fuel.

Conference Hears Concern on Future Energy Supplies

Greek energy policy currently aims at the diversification of energy sources and securing adequate supplies but does not include plans for the development of nuclear power stations, Development Minister Christos Folias said yesterday.

Romania Εconomy Seen Stronger

Romania’s economy has shown encouraging signs, such as faster export growth and a more sustainable currency exchange rate, but threats to long-term stability remain, central bank head Mugur Isarescu said.

Gazprom, Eni To Pipe Gas From Libya To Europe

OAO Gazprom (GAZP.RS) and Eni SpA (E) are preparing to join forces to pipe natural gas from Libya to southern Europe, the International Herald Tribune reports Thursday.

Iberdrola 1Q Power Output Up 43% On Scottish Power Buy

Iberdrola SA (IBE.MC) Thursday said first-quarter power output rose 43% to 35,822 gigawatt-hours, boosted by last year's acquisition of U.K. utility Scottish Power and a rapid rise in coal-fired generation.

EDF CEO Gadonneix Looking For A Successor

French state-controlled electricity operator Electricite de France's (1024251.FR) Chief Executive Pierre Gadonneix is actively looking for a successor until May 20, French weekly L'Express reports Thursday without citing sources.