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Foreign Min: Iran Ready To Export Gas To Europe - Agency

Foreign Min: Iran Ready To Export Gas To Europe - Agency

Iran is ready to export gas to Europe through the Nabucco gas pipeline, the country's foreign minister, Manouchehr Mottaki, was reported as saying by the Iranian Students News Agency or ISNA.

UK Min:Severn Barrage Critical To UK Renewable Targets-Report

UK Min:Severn Barrage Critical To UK Renewable Targets-Report

The GBP15 billion Severn tidal barrage could play a critical role in helping the U.K. to meet a European-set target for a sevenfold increase in its energy from renewable sources, the Financial Times reports Thursday, citing U.K. Minister for Business John Hutton.

Iraq Resumes Kirkuk Oil Exports Via Turkey - Agent

Iraq Resumes Kirkuk Oil Exports Via Turkey - Agent

Iraq has resumed exports of Kirkuk crude oil via Turkish Ceyhan port late Wednesday night after a suspension of more than two weeks, a shipping agent at the terminal said Thursday.

E.ON Ruhrgas CEO: Rising Costs Arent Threatening Nord Stream

E.ON Ruhrgas CEO: Rising Costs Aren't Threatening Nord Stream

E.ON Ruhrgas AG, the natural gas arm of E.ON AG (EONGY) doesn't expect the rising costs of the Nord Stream gas pipeline to pose a threat to the project, which will connect Russia with western Europe.

DJ Polish PKE To Put On Line New 460 MW Power Station In Q1 2009

DJ Polish PKE To Put On Line New 460 MW Power Station In Q1 2009

Poland's second largest power group, Poludniowy Koncern Energetyczny, or PKE, will put on line a new coal and biomass-fired 460-megawatt power station in Bedzin in the first quarter of 2009, PKE said Wednesday.

Russia Min:No Harsh Sanctions Urged In Iran Draft Resolution

Russia Min:No Harsh Sanctions Urged In Iran Draft Resolution

The new draft U.N. resolution on Iran over its disputed nuclear program doesn't call for any harsh sanctions, but encourages other countries to be vigilant, Russian Foreign Minister Sergey Lavrov said Wednesday.

Voestalpine CEO: EU CO2 Targets Will Force Co Out Of Austria

Voestalpine CEO: EU CO2 Targets Will Force Co Out Of Austria

Austrian specialty steelmaker Voestalpine AG (VOE.VI) will have to move production out of Austria if the company can't reach a compromise with the European Commission over new carbon dioxide emission targets, the company's chief executive said Wednesday.

Saudi Kayan $6B Syndicated Loan To Be Signed In Days -Source

Saudi Kayan $6B Syndicated Loan To Be Signed In Days -Source

A $6 billion syndicated term loan facility for Saudi Kayan Petrochemicals Corp.'s new petrochemicals complex is expected to be signed within days, a banker involved in the transaction said Wednesday.

Serbia Allows Russia a Major Role in Energy

Serbia Allows Russia a Major Role in Energy

Serbia cemented its ties with Russia yesterday, allowing Moscow a major role in its economy through an agreement with energy giant Gazprom to develop the Balkan country’s oil and gas industry.

Ankara Αccepts RWE as Nabucco Partner

Ankara Αccepts RWE as Nabucco Partner

Turkish Prime Minister Recep Tayyip Erdogan has approved German energy firm RWE as the sixth partner in the EU-backed Nabucco gas pipeline project, an official at the prime minister’s office said yesterday.

Hungarian MOL Closes Share Transaction Deal With CEZ

Hungarian MOL Closes Share Transaction Deal With CEZ

Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Wednesday that the share purchase agreement as part of MOL's strategic alliance with CEZ A.S.(BAACEZ.PR) was financially closed and settled Jan. 23, 2008.

Moncada in Albanian Power Link

Moncada in Albanian Power Link

Italian construction and energy firm Moncada Costruzioni plans to start building a 400-kilovolt power link this year with Albania to boost electricity imports to Italy.