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Greeces PPC 07 Net Pft Jumps On Tellas Sale

Greece's PPC 07 Net Pft Jumps On Tellas Sale

Greece's Public Power Corp. SA (PPC.AT) Thursday said its 2007 net profit soared, thanks in large part to the sale of its stake in local telephone company Tellas.

Iraq Oil Exports, Output Unaffected By Fighting

Iraq Oil Exports, Output Unaffected By Fighting

Iraq's crude oil production and exports from southern oil fields in Basra and nearby provinces haven't been affected by the fighting between the Iraqi army and armed groups, a senior oil official in Basra said.

RWE: Still Intend To IPO American Water As Soon As Possible

RWE: Still Intend To IPO American Water As Soon As Possible

RWE AG (RWE.XE) still intends to publicly list a majority of shares in its U.S.-based unit American Water as soon as possible, but hasn't made a decision yet on the exact timing of the transaction.

Suez: Distrigas Shortlist Includes EdF, Eni and E.ON

Suez: Distrigas Shortlist Includes EdF, Eni and E.ON

Franco-Belgian utility Suez (SZE.FR), which plans to merge with Gaz de France (1020848.FR), Wednesday unveiled a shortlist of three companies to bid for its Belgian unit Distrigas (DIST.BT).

Volga Gas Says VM#1 Horizon More Promising Than Expected

Volga Gas Says VM#1 Horizon More Promising Than Expected

Volga Gas said Wednesday the Evlano-Livenskiy horizon at VM#1 on the the Vostochny-Makarovskoye license area has proved to be considerably more promising than had originally anticipated.

Bulgaria Biodiesel Bacility

Bulgaria Biodiesel Bacility

Bulgarian company Bulmextrade said yesterday it was building a biodiesel plant with an annual capacity of 86,000 tons and planned to export its output to Central Europe.

Spain Plans Nuclear Plant Closure Next Year

Spain Plans Nuclear Plant Closure Next Year

Spain's government plans to close one of the country's eight nuclear plants next year, despite calls from power utilities to extend the plant's operational life for ten additional years, ABC reports, citing government sources.

Gazprom Bd Could Approve $15B LNG Invest Program

Gazprom Bd Could Approve $15B LNG Invest Program

The board of Russia's OAO Gazprom (GAZP.RS) could soon approve a plan to invest $15 billion in liquified natural gas production by 2015, the Kommersant daily reported Wednesday citing an unnamed manager at the state-owned gas monopoly.

EDF Energies Nouvelles Increases Order With First Solar

EDF Energies Nouvelles Increases Order With First Solar

French renewable power company EDF Energies Nouvelles SA (EEN.FR) said Wednesday it has increased its July 2007 order with U.S. photovoltaic module manufacturer company First Solar Inc. (FSLR) from 230 MWp to 290 MWp.

RWE Favored for Bulgaria Plant

RWE Favored for Bulgaria Plant

SOFIA – German utility RWE is poised to become the key investor in a planned Bulgarian nuclear power plant, a source close to the process said on Monday.

PPC Hastens to Ensure Energy Sufficiency This Summer

PPC Hastens to Ensure Energy Sufficiency This Summer

The sufficiency of electrical energy supplies in the summer months is becoming something of a challenge for the Public Power Corporation (PPC), which in just a short period of time must make up time lost during the two-week strike of its workers’ union.

Lukoil CEO In Talks With Iraq Officials On West Qurna Field

Lukoil CEO In Talks With Iraq Officials On West Qurna Field

OAO Lukoil (LKOH.RS) Chief Executive Vagit Alekperov met Iraqi Oil Minister Hussein al-Shahristani Monday for talks on reviving a deal to develop the West Qurna-2 oil field, one of Iraq's largest, a Lukoil spokesman told Dow Jones Newswires.

Turkey Launches First Nuclear Plant Tender

Turkey Launches First Nuclear Plant Tender

Turkey Monday asked for bids on the construction of its first nuclear power plant at the Mediterranean port city of Mersin, a government agency said.

Will Greece Warm to Renewable Energy?

Will Greece Warm to Renewable Energy?

Renewable energy generation in Greece is still at low levels, despite the country's excellent potential, according to a survey by Kantor Management Consultants SA.