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Project Company formed for Trans-Balkan Pipeline

Project Company formed for Trans-Balkan Pipeline

Russia, Bulgaria and Greece signed an agreement yesterday for the creation of a project company, Burgas-Alexandroupolis, for the trans-Balkan pipeline that will take oil from Bulgaria to Greece.

WSJ: Pentagon To Report Iran Still Smuggling Weapons To Iraq

WSJ: Pentagon To Report Iran Still Smuggling Weapons To Iraq

A Pentagon report will accuse Iran of continuing to funnel weapons and training personnel into Iraq, adding fuel to a heated debate among U.S. policy makers about whether Iran deserves any credit for the steep declines in Iraq's once-unrelenting violence.

Greeces PPC Eyes Deal With RWE For Two New Power Plants

Greece's PPC Eyes Deal With RWE For Two New Power Plants

ATHENS (Dow Jones)--The board of directors at Greece's dominant electric company, Public Power Corporation SA (PPC.AT), will this week decide whether to proceed with a plan to jointly build two new power plants in conjunction with Germany's RWE AG (RWE.XE).

DJ UPDATE: Iran:Bushehr Nuclear Plant At Full Capacity In Yr-AFP

DJ UPDATE: Iran:Bushehr Nuclear Plant At Full Capacity In Yr-AFP

TEHRAN (AFP)--Iran expects its first nuclear power plant will produce electricity at full capacity in around a year after passing a "critical stage" with the delivery of fuel from Russia, a top official said on Tuesday

DJ Gazprom Chmn, BP CEO Discuss Finalization Of Kovykta Deal

DJ Gazprom Chmn, BP CEO Discuss Finalization Of Kovykta Deal

LONDON (Dow Jones)--OAO Gazprom's (GAZP.RS) chairman and BP PLC's (BP) chief executive have made progress on the finalization of the Russian giant's acquisition of a stake in the Kovykta project, Gazprom said late Monday.

DJ 2nd UPDATE: Kurdish Official:Turkish Troops Enter N Iraq -AFP

DJ 2nd UPDATE: Kurdish Official:Turkish Troops Enter N Iraq -AFP

ARBIL, Iraq (AFP)--Turkish troops entered northern Iraq early Tuesday to flush out separatist Kurdish rebels, Jabbar Yawar, spokesman for the Iraqi Kurdish peshmerga security force, told AFP. The operation is the first reported ground incursion by the Turkish military inside Iraq since tension between Ankara and Baghdad erupted over the Kurdish rebel issue in October.

Gazprom Starts Production At Yuzhno-Russkoye Field

Gazprom Starts Production At Yuzhno-Russkoye Field

MOSCOW (Dow Jones)--Russian natural gas monopoly OAO Gazprom (GAZP.RS) Tuesday said it has begun production at the Yuzhno-Russkoye gas field, which is expected to be the source for the Nord Stream pipeline project to Europe.

DJ OMV Buys 5% Stake In Planned LNG Terminal;Operational In 2011

DJ OMV Buys 5% Stake In Planned LNG Terminal;Operational In 2011

VIENNA (Dow Jones)--Austrian oil and gas company OMV AG (OMV.VI) said Tuesday its gas-handling unit OMV Gas International GmbH has acquired a 5% equity stake in a planned liquified natural gas terminal in the Dutch city of Rotterdam.

DJ CEZ May Take Only 7% Stake In MOL In Share Deal - Newspaper

DJ CEZ May Take Only 7% Stake In MOL In Share Deal - Newspaper

PRAGUE (Dow Jones)--Czech power company CEZ AS (BAACEZ.PR) may buy a 7% stake in Hungarian gas and oil company MOL Nyrt. (MOL.BU), down from earlier plans to buy up to 10%, newspaper Hospodarske Noviny reports Tuesday.

DJ UPDATE: US Secy Of State Rice Makes Unannounced Kirkuk Visit

DJ UPDATE: US Secy Of State Rice Makes Unannounced Kirkuk Visit

KIRKUK, Iraq (AP)--U.S. Secretary of State Condoleezza Rice made an unannounced visit Tuesday to the city that Iraq's Kurds call their Jerusalem, an oil-rich territory claimed by many where the U.S. says it sees new signs of cooperation and progress.

Gasunie,Vopak Each Take 25% Stake, Essent 50% In LNG Deal

Gasunie,Vopak Each Take 25% Stake, Essent 50% In LNG Deal

AMSTERDAM (Dow Jones Newswires)--N.V. Nederlandse Gasunie (NEG.YY) and Koninklijke Vopak N.V. (39300.AE) have agreed with Essent N.V. (ESS.YY) to further develop the Eemshaven LNG project, the companies said Tuesday in a press release

Turkey OIB:Prequalified Cos In Elec Grid Sale Still Valid-IHA

Turkey OIB:Prequalified Cos In Elec Grid Sale Still Valid-IHA

The chairman of Turkey's Privatization Agency, or OIB, said Monday that the companies to have prequalified to bid in the country's delayed privatization tender for the right to operate a series of electricity distribution grids are still entitled to participate in the process, the Ihlas News Agency, or IHA, reported.

E.ON,Gazprom Have Breakthrough, Questions Remain

E.ON,Gazprom Have Breakthrough, Questions Remain

Dow Jones E.ON's (EOA.XE) announcement it has reached an agreement with Gazprom (GAZP.RS) over an asset swap, that will grant it a stake in giant gas field Yuzhno Russkoye, is a breakthrough, says Sal.

Its too late for later

It's too late for later

The negotiators at the UN climate conference here in Bali came from almost 200 countries and spoke almost as many languages, but driving them all to find a better way to address climate change was one widely shared, if unspoken, sentiment: that "later" is over for our generation.

Russia lays out view of Benefits of Interdependence on Energy Networks

Russia lays out view of Benefits of Interdependence on Energy Networks

Prime Minister Costas Karamanlis arrives in Moscow today for talks with President Vladimir Putin focusing on energy issues, particularly progress in the construction of the long-delayed Burgas-Alexandroupolis oil pipeline, and Greece’s participation in the South Stream natural gas pipeline, which is a joint Russian-Italian initiative.

Bombings, Threats Shake Algeria Energy Outlook

Bombings, Threats Shake Algeria Energy Outlook

IN AMENAS, Algeria -- Here in the Sahara, it isn't the sandstorms, swarms of locusts and 125-degree summers that bother Norwegian Sigbjorn Ohnstad. It is the kidnapping threats he can't stand.