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Lukoil Says Trained 170 Iraqis, to Train More Next Year

Lukoil Says Trained 170 Iraqis, to Train More Next Year

Russia's second-largest oil producer OAO Lukoil (LKOH.RS) has completed the training of some 170 Iraqis on various qualifications, including well production, oil and gas treatment, instrumental and control and mechanical engineering, the company said Monday.

Snipers in Syria Fire on UN Chemical Inspectors -UN

Snipers in Syria Fire on UN Chemical Inspectors -UN

United Nations inspectors examining the site of a suspected chemical weapons attack were fired on by unknown snipers Monday afternoon, forcing the team to retreat and violating a ceasefire agreement by rebels and the Syrian government facilitating the team's work.

Shooting Near Libyan Port Spotlights Unrest in Oil Industry

Shooting Near Libyan Port Spotlights Unrest in Oil Industry

Shots fired at an oil tanker and accusations of attempted thefts at port facilities have deepened a crisis in Libya's oil industry, triggering fears among major Western oil companies that one of Europe's largest suppliers could soon descend into lawlessness.

Yemen to Raise LNG Prices by 2014

Yemen to Raise LNG Prices by 2014

Yemen plans to raise prices on its exports of liquefied natural gas by the end of the year to boost revenues as the U.S. market dries up.

Solar Investment Boom in Japan Ends as Govt Cuts Guaranteed Rates

Solar Investment Boom in Japan Ends as Govt Cuts Guaranteed Rates

The global investment boom in Japan's solar power projects came to an abrupt end at the end of March, when the government cut the guaranteed rate that utilities had to pay renewable energy electricity providers under its feed-in tariff law, recent data showed.

China to Spend $500 Billion a Year on Oil Imports by 2020

China to Spend $500 Billion a Year on Oil Imports by 2020

China's crude-oil imports will grow significantly to touch $500 billion a year by 2020, compared with the $160 billion a year the U.S. is expected to spend by 2020, consulting firm Wood Mackenzie said late Tuesday.

Japan, Korea Trade Oil on Arctic Route

Japan, Korea Trade Oil on Arctic Route

Japan and South Korea have begun commercial shipping of oil products along a seldom used route through the Arctic's melting ice, lending credibility to a new frontier in global trade that promises to slash shipping costs while averting the geopolitical risks associated with ferrying cargo through the Suez Canal.

Saudi Urges World Support For Stability in Egypt

Saudi Urges World Support For Stability in Egypt

Saudi Arabia on Wednesday urged world support for the bid by Egypt's interim government to achieve "stability" in the country, and not to hamper its efforts.

Vestas Ousts Chief Executive

Vestas Ousts Chief Executive

Vestas Wind Systems A/S (VWS.KO) Wednesday named Anders Runevad as chief executive, replacing long-standing CEO Ditlev Engel, in the latest upheaval in the boardroom of the unprofitable Danish wind-turbine maker, the world's biggest by sales.

Woodside Opts for Floating Technology at Australia Gas Field

Woodside Opts for Floating Technology at Australia Gas Field

Woodside Petroleum Ltd. (WPL.AU) Tuesday said it wants to develop a huge natural gas field offshore Australia using a vessel that can process gas at sea, in a potentially cheaper but risky move as the technology has yet to be deployed anywhere in the world.

Transgaz, OMV Lend EUR7.5M to Nabucco International - Mediafax

Transgaz, OMV Lend EUR7.5M to Nabucco International - Mediafax

Romanian state-run natural gas transporter Transgaz Medias SA (TGN.RO) and Austrian oil and gas company OMV AG (OMV.VI) will provide a loan of up to 7.5 million euros ($10 million) to Nabucco Gas Pipeline International so that the latter doesn't go insolvent, news agency Mediafax reports.

Tepco Says 300 Tons of Contaminated Water Leaked from Fukushima Tank

Tepco Says 300 Tons of Contaminated Water Leaked from Fukushima Tank

Some 300 tons of highly radioactive water has leaked from a storage tank at the Fukushima Daiichi nuclear plant, operator Tokyo Electric Power Co. (9501.TO) said Tuesday, the worst such spill since the plant suffered a triple meltdown two years ago.