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Greece Adds 780 MW of Photovoltaics in First Quarter of 2013

Greece Adds 780 MW of Photovoltaics in First Quarter of 2013

Mass new additions of photovoltaics continued in March, as investors rushed to secure the best possible FiTs for their solar farms. After 296 MW in January and 224 MW in February, photovoltaics added another 259 MW in March, for total of 780 MW in the first quarter of the year.

Glencore Sold Goods to Iran

Glencore Sold Goods to Iran

One of Britain's biggest companies has made millions of pounds selling goods to Iran, including to a state-owned firm that supplies the regime's nuclear program, U.K. daily The Guardian reported on its website Sunday.

Gazprom Neft Signs $1 Bln Loan Deal with Group of Banks

Gazprom Neft Signs $1 Bln Loan Deal with Group of Banks

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian state energy giant OAO Gazprom (GAZP.RS), has signed a $1 billion loan agreement with a group of banks, the company said in a statement Monday.

UAE Says OPEC Oil Production Should Stay at 30 Million B/D

UAE Says OPEC Oil Production Should Stay at 30 Million B/D

The Organization of the Petroleum Exporting Countries' production should remain at 30 million barrels a day, the Emirati representative with the group said Monday, squashing speculation the organization will cut its production.

Norway to Open First New Oil and Gas Acreage Since 1994

Norway to Open First New Oil and Gas Acreage Since 1994

The Norwegian government will propose this week to open the southeastern Barents Sea for oil activity, the Ministry of Petroleum and Energy said Monday, the first new oil acreage in nearly two decades.

Qatar Petroluem, Total Consortium to Build $1.5B Refinery

Qatar Petroluem, Total Consortium to Build $1.5B Refinery

State-owned Qatar Petroleum said Monday it has signed a joint venture agreement with a consortium led by France's Total SA (TOT) to build a $1.5 billion condensate refinery in Ras Laffan Industrial City.

Lebanon Pre-Qualifies 46 Firms for First Oil, Gas Licensing Round

Lebanon Pre-Qualifies 46 Firms for First Oil, Gas Licensing Round

Lebanon has shortlisted 46 international oil firms, including U.S. giant ExxonMobil Corp. (XOM), Chevron Corp. (CVX) and France's Total SA (TOT), for its first oil and natural gas licensing round in its Mediterranean coastal waters, the Petroleum Administration said.

Enphase Energy Expands to Greece

Enphase Energy Expands to Greece

US-based company Enphase Energy Inc (NASDAQ:ENPH) said today that its solar microinverters are now available in Greece in addition to seven other countries in the region.

Greece is Planning to Impose an Extraordinary Levy on Rooftop Photovoltaic Systems

Greece is Planning to Impose an Extraordinary Levy on Rooftop Photovoltaic Systems

Greece's Environment and Energy Ministry is planning to impose an extraordinary levy on photovoltaic systems on rooftops used for the production of electricity (not water heaters) as a result of pressure from the country’s international creditors to bring the electricity market’s deficit down to zero by 2014. The levy could range between 10 and 15 percent of turnover, but those with low incomes will be exempt reports Kathimerini.

RWE Confirms Bleak Outlook on Poor European Power Prices

RWE Confirms Bleak Outlook on Poor European Power Prices

Utility RWE AG (RWE.XE) Thursday reiterated that its earnings will come under severe pressure over the next few years as low electricity prices across Europe erode the profitability of its power plants, the company's core business.

Egypt Nears Deal to Import Libya Oil on Credit in May

Egypt Nears Deal to Import Libya Oil on Credit in May

Cash-strapped Egypt is close to finalizing an agreement to import 600,000 barrels of crude from OPEC-member Libya in May on credit, in a move that could offer relief from fuel shortages that have recently afflicted the Egyptian economy, officials from the two countries said Thursday.

Russia May Lower Stake In Transneft To 75% By 2014

Russia May Lower Stake In Transneft To 75% By 2014

Russia may cut its stake in pipeline operator OAO Transneft (TRNFP.RS) to 75% by 2014, First Vice President Maksim Grishanin said at a meeting with analysts Thursday, Russian news agencies reported.

France Antitrust Body Calls For End OF Regulated Gas Tariffs

France Antitrust Body Calls For End OF Regulated Gas Tariffs

France's antitrust authority Thursday recommended that regulated natural gas tariffs should be gradually phased out as the scheme is detrimental to domestic competition and doesn't benefit French households.