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Kuwait KNPC To Award Deals On $14.6B Refinery End April

Kuwait KNPC To Award Deals On $14.6B Refinery End April

Kuwait National Petroleum Corp. plans to award the contracts to build a new $14.6 billion refinery to process crude oil for domestic power plants by the end of April, a company official said Thursday.

Areva, Mitsubishi Alliance Gets U.S. Energy Department Contract Extension

Areva, Mitsubishi Alliance Gets U.S. Energy Department Contract Extension

The International Nuclear Recycling Alliance - led by Areva (CEI.FR) and Mitsubishi Heavy Industries Ltd. (7011.TO) and including Japan Nuclear Fuel Limited, URS Washington Division, The Babcock and Wilcox Company, and Battelle - said Thursday that it has signed an agreement with the Department of Energy extending its Oct. contract.

EdF Board Could Approve D. Lagarde As Deputy CEO

EdF Board Could Approve D. Lagarde As Deputy CEO

The management board of Electricite de France SA (1024251.FR) may ratify the nomination of company executive Dominique Lagarde to the post of deputy chief executive, French business daily Les Echos reports Thursday without naming its sources.

Polish PGNiG May Pull Out Of Danish Pipeline Project

Polish PGNiG May Pull Out Of Danish Pipeline Project

Poland's natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, may pull out of building a gas pipeline connecting Poland and Denmark, the daily Rzeczpospolita reports, citing the company's new chief executive Michal Szubski.

Russias Putin Promises Better Deal For Foreign Investors-AFP

Russia's Putin Promises Better Deal For Foreign Investors-AFP

NOVO-OGARYOVO, Russia (AFP)--Russian President Vladimir Putin on Wednesday promised better conditions for foreign investors, despite the approval earlier in the day of a law limiting business in strategic sectors of the economy.

Eni, Gazprom Discuss Upstream Joint Projs In Third Countries

Eni, Gazprom Discuss Upstream Joint Projs In Third Countries

ROME (Dow Jones)--Eni SpA (E) said Chief Executive Paolo Scaroni met Wednesday with his counterpart at OAO Gazprom (GAZP.RS) to discuss their partnership, as part of a deal to strengthen ties between the Italian oil and natural gas company and the Russian energy giant.

Russia, Italy Might Establish Banking Joint Venture

Russia, Italy Might Establish Banking Joint Venture

MOSCOW (Dow Jones)--Russia and Italy might set up a joint investment bank by the end of the year to work on large projects throughout Europe, India and China, the news agency RIA Novosti reported Wednesday citing a Kremlin aide.

US Official: Saudis Leading Money Source For Al-Qaida -Report

US Official: Saudis Leading Money Source For Al-Qaida -Report

Saudi Arabia remains the world's leading source of money for al-Qaida and other extremist networks, the Bush administration's top financial counter-terrorism official says, The Los Angeles Times reported Wednesday.

Petrol Ofisi Aims To Open 8 Gas Stations In Georgia 08 -IHA

Petrol Ofisi Aims To Open 8 Gas Stations In Georgia '08 -IHA

ISTANBUL (Dow Jones)--Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, plans to open eight gas stations in Georgia this year, Chief Executive Melih Turker said Wednesday, the Ihlas News Agency, or IHA, reported.

Enel CEO, Gazprom Chmn Discuss Power, Gas Joint Projects

Enel CEO, Gazprom Chmn Discuss Power, Gas Joint Projects

ROME (Dow Jones)--Enel SpA (EN) Chief Executive Fulvio Conti and OAO Gazprom (GAZP.RS) Chairman Alexey Miller met in Moscow Wednesday to discuss joint projects in power and gas, the two companies said in a statement

EU President in Accord with Carmakers on CO2 Time Frame

EU President in Accord with Carmakers on CO2 Time Frame

European carmakers have presented convincing arguments as they demand more time to meet proposed limits on carbon dioxide (CO2) emissions from their vehicles, EU presidency Slovenia said yesterday.

RES Framework to be Reviewed

RES Framework to be Reviewed

The government is studying possible amendments to the regulatory framework governing the development of renewable energy sources (RES) in response to serious problems arising in the implementation of proposed investment schemes, Development Minister Christos Folias said yesterday.

Turkey Board OKs Ankara Dogal Elektrik Sale To Zorlu

Turkey Board OKs Ankara Dogal Elektrik Sale To Zorlu

Turkey's competition Board said Wednesday it has approved the sale of power plant facilities belonging to Ankara Dogal Elektrik Uretim to Turkish gas and power firm Zorlu Enerji (ZOREN.IS), the Ihlas News Agency, or IHA, reported.

Iraq South Oil Exports 1.44M B/D Since Tue

Iraq South Oil Exports 1.44M B/D Since Tue

Crude oil exports from Iraq's key southern Basra terminal have increased to 1.44 million barrels a day since Tuesday afternoon from only 768,000 barrels a day for two days, a shipping agent told Dow Jones Newswires Wednesday.