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E.ON, Gazprom To Build 1.2GW Gas-Fired Power Plant In Germany

E.ON, Gazprom To Build 1.2GW Gas-Fired Power Plant In Germany

E.ON AG (EONGY), the world's largest investor-owned utility by market value, Friday said it plans to jointly build and operate a gas-fired power plant with Russian natural gas monopoly Gazprom OAO (GAZP.RS) in Lubmin, northeastern Germany.

Libya:OPEC Unlikely To Change Output At Current Oil Price

Libya:OPEC Unlikely To Change Output At Current Oil Price

The Organization Of Petroleum Exporting Countries is unlikely to change its production level at a meeting on Wednesday if the oil price stays at about 100 dollars a barrel, acting Libyan Oil Minister Shokri Ghanem told AFP on Friday.

Unipetrol Sees 2008 EBIT Flat On Year At CZK4.8 Bln

Unipetrol Sees 2008 EBIT Flat On Year At CZK4.8 Bln

Unipetrol AS (BAAUNIPE.PR) expects its 2008 earnings before interest and taxes to be flat on the year at 4.8 billion koruna ($289.4 million), the company said Friday.

Ecologists Held After Gravel-Dumping Stunt

Ecologists Held After Gravel-Dumping Stunt

Seven members of an environmental group in Veria, northern Greece, were arrested yesterday after emptying bags of silt at a conference of local authority leaders to protest the extraction of gravel from the bed of the Aliakmon River.

E.ON Offers To Sell Grids, Pwr Capacity In EU Antitrust Case

E.ON Offers To Sell Grids, Pwr Capacity In EU Antitrust Case

E.ON AG (EOA.XE), the world's largest investor- owned utility by market value, said Thursday it has offered the European Commission a compromise aimed at settling its ongoing antitrust case.

EdF Will Not Bid For Russias OGK-1

EdF Will Not Bid For Russia's OGK-1

Electricite de France (1024251.FR) will not bid for Russia's wholesale generation company OAO OGK-1 (OGKA.RS), a person familiar with the matter said.

Ahmadinejad Says Iran Is Number One World Power

Ahmadinejad Says Iran Is Number One World Power

Iranian President Mahmoud Ahmadinejad declared Thursday Iran was the world's "number one" power, as he launched a bitter new assault on domestic critics he accused of siding with the enemy.

Eni Selects Floating Development Concept For Goliat Project

Eni Selects Floating Development Concept For Goliat Project

Italy's Eni SpA (E) has selected the development concept for its Goliat license north of Norway, and will proceed with an offshore floating processing and storage unit with subsea wells, rather than an onshore landing point.

Italys Berlusconi Eyes Intl Nuclear Deals If Elected

Italy's Berlusconi Eyes Intl Nuclear Deals If Elected

Italy's conservative leader Silvio Berlusconi, who is favored to win April elections, would put international alliances in nuclear power as one of his top priorities in office, daily la Repubblica reports Thursday.

GdF, Suez Unions Impasse Could Delay Merger

GdF, Suez Unions Impasse Could Delay Merger

A power struggle has broken out between Gaz de France (1020848.FR) and Suez's (SZE.FR) European work councils, which are crucial to breaking the impasse which has delayed the EUR75 billion merger of the two companies, The Financial Times reports Thursday, without citing sources.

Lotos 4Q Net Pft Surges On Inventories, Financials

Lotos 4Q Net Pft Surges On Inventories, Financials

Grupa Lotos SA (LTS.WA) Thursday said consolidated fourth-quarter net profit more than doubled, helped by inventory valuation, a stronger Polish currency and improved refining margins.