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Bush Hopeful OPEC Will Be Encouraged To Raise Oil Production

Bush Hopeful OPEC Will Be Encouraged To Raise Oil Production

President Bush says "there's a hope" that as a result of his conversations this week with Saudi King Abdullah, the Organization of Petroleum Exporting Countries "would be encouraged to authorize an increase in (oil) production," White House Press Secretary Dana Perino told reporters on Wednesday.

Gazprom Increases Its Offer For Serbian Oil Co - FT

Gazprom Increases Its Offer For Serbian Oil Co - FT

Russia's state-controlled gas monopoly OAO Gazprom (GAZP.RS) has raised its initial EUR400 million ($592 million) bid for 51% in Serbia's national oil and gas company Naftne Industrije Srbije, The Financial Times reports Monday.

Saudi Sabic, Osos Sign Deal For $1 Bln Yanbu Petchem Project

Saudi Sabic, Osos Sign Deal For $1 Bln Yanbu Petchem Project

Saudi Basic Industries Corp., the world's largest petrochemicals company by market value, said Tuesday it signed a preliminary deal to develop a $1 billion petrochemicals project at the Red Sea city of Yanbu.

Celtic Resources Owns 4.49% In Victoria Oil & Gas

Celtic Resources Owns 4.49% In Victoria Oil & Gas

Victoria Oil & Gas PLC (VOG.LN) Wednesday said Celtic Resources Holdings PLC (CER.LN), a Kazakhstan gold-mining company, has acquired a 4.49% stake in the Moscow-based energy company with operations in Russia.

Egypt, Turkey Warn Against War On Iran -AFP

Egypt, Turkey Warn Against War On Iran -AFP

Egypt and Turkey on Tuesday warned against war on Iran and called for a peaceful solution to the nuclear standoff, as U.S. President George W. Bush toured the region in a bid to isolate Tehran.

Irelands 2006 Emission Dn,Must Buy CO2 Credits To Meet Kyoto

Ireland's 2006 Emission Dn,Must Buy CO2 Credits To Meet Kyoto

The Irish government's Environmental Protection Agency, Tuesday, reported a 0.8% fall in greenhouse gas emissions in 2006 compared with 2005, but said that it would have to rely on buying carbon credits to meet the country's Kyoto protocol emissions target.

Bulgaria Halts Electricity Exports Amid Cold Snap

Bulgaria Halts Electricity Exports Amid Cold Snap

Bulgaria has temporarily halted electricity exports to meet high domestic demand due to the freezing weather, the country's energy minister said Tuesday.

Turkey Halts Azeri Gas Flow to Greece

Turkey Halts Azeri Gas Flow to Greece

Turkey has halted the flow of Azeri gas to Greece due to a suspension of gas supplies from Iran to Turkey, a senior Turkish Energy Ministry official told Reuters.

Shell: Forcados Pipe Repairs Hampered By Local People - AFP

Shell: Forcados Pipe Repairs Hampered By Local People - AFP

Anglo-Dutch energy giant Royal Dutch Shell PLC (RDSB) said Tuesday local people are hampering efforts to repair the sabotaged pipelines at the Forcados export terminal in southern Nigeria where the company has declared force majeure.

France, UAE Sign Military, Nuclear Energy Deals - AFP

France, UAE Sign Military, Nuclear Energy Deals - AFP

France and the United Arab Emirates signed military and nuclear energy deals during a visit by French President Nicolas Sarkozy to Abu Dhabi on Tuesday, the state news agency WAM reported.

Iran To File Intl Court Protest Over Turkmen Gas Cut - AFP

Iran To File Intl Court Protest Over Turkmen Gas Cut - AFP

A senior Iranian lawmaker Tuesday said the Islamic republic is going to file an official complaint against Turkmenistan in court for cutting gas supplies, the state news agency IRNA reported.

Aegean Airlines 2007 Passengers up 18 pct

Aegean Airlines 2007 Passengers up 18 pct

Aegean Airlines said yesterday passenger traffic last year grew 18 percent, helped by a network expansion and a fleet renewal program.