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Algeria Plans to Build First Nuclear Plant by 2025

Algeria Plans to Build First Nuclear Plant by 2025

Algeria plans to build its first nuclear power plant by 2025 in a bid to diversify its energy resources and meet soaring demand for electricity, the country's Energy and Mines Minister Youcef Yousfi said in remarks published Monday.

Trans Adriatic Pipeline Secures Third Party Access Exemption

Trans Adriatic Pipeline Secures Third Party Access Exemption

Following the approval from th e relevant regulatory authorities in Italy, Greece and Albania, the European Commission has formally approved the Trans Adriatic Pipeline’s (TAP) application for Third Party Access (TPA) exemption for the initial capacity of 10bcm.

GDF Suezs Belgian Unit to Restart Nuclear Reactors

GDF Suez's Belgian Unit to Restart Nuclear Reactors

Electrabel, a Belgian power utility controlled by French group GDF Suez (GSZ.FR), is preparing to restart two nuclear reactors shut since last summer after the country's regulator Friday authorized their reopening.

Shippers Keen on Booking Nabucco West Capacity

Shippers Keen on Booking Nabucco West Capacity

Shippers have shown keen interest in registration and capacity booking in the Nabucco West pipeline during the first week of the Open Season process, Nabucco Gas Pipeline International (NIC) said on Thursday.

Israel Appears to Have More Natural Gas

Israel Appears to Have More Natural Gas

Operators of two large Israeli natural gas fields said Thursday that another offshore field under exploration shows promise.

Iraq Resumes Crude Oil Exports from Northern Kirkuk - Shippers

Iraq Resumes Crude Oil Exports from Northern Kirkuk - Shippers

Exports from Iraq's northern Kirkuk oil fields to the Mediterranean port of Ceyhan in Turkey have resumed after three-day outage caused by a bomb attack against a key pipeline, two Middle East shipping agents said Thursday.

Glencore Xstrata Appoints Former BP CEO Hayward As Interim Chairman

Glencore Xstrata Appoints Former BP CEO Hayward As Interim Chairman

Glencore Xstrata PLC (GLEN.LN) has appointed the former BP PLC (BP) chief executive Tony Hayward as its interim chairman after shareholders voted against the election of Sir John Bond as chairman, a person familiar with the matter said Thursday.

Greece To Sell 30% of Power Utility PPC

Greece To Sell 30% of Power Utility PPC

Greece will sell about a third of the production capacity of power utility PPC to a private competitor in two years, Reuters reported.

Romanias Transelectrica Net Profit Doubles in 1Q to RON92M -Mediafax

Romania's Transelectrica Net Profit Doubles in 1Q to RON92M -Mediafax

Romanian power grid operator Transelectrica (TEL.RO) Wednesday reported a first-quarter net profit of 91.75 million lei ($6.26 million), more than double compared with RON45 million in the same period of 2012, news agency Mediafax reported.

BP, Partners Win 8 Deepwater Exploration Blocks in Brazil Round 11

BP, Partners Win 8 Deepwater Exploration Blocks in Brazil Round 11

Oil major BP PLC (BP.LN) said Wednesday it and partners Total SA (TOT), Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency's 11th bid round.