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Turkish President Ratifies Agreement on TANAP

Turkish President Ratifies Agreement on TANAP

President of Turkey Abdulla Gul ratified an intergovernmental agreement on implementation of the Transanatolian gas pipeline project (TANAP).

Saudi Cabinet to Review Power Grid Project With Egypt by Feb

Saudi Cabinet to Review Power Grid Project With Egypt by Feb

Saudi Arabia's cabinet will likely review next month a $1.5 billion project linking the power grids of the kingdom with Egypt, Saudi water and electricity minister Abdullah Al-Hussayen said Wednesday.

Turkey And France To Resume Nuclear Plant Talks

Turkey And France To Resume Nuclear Plant Talks

Turkey and France have agreed to resume talks on civilian nuclear energy at a time Ankara plans to build three plants within the next five years, French Foreign Trade Minister Nicole Bricq said Wednesday.

Al Qaeda Group Seizes Foreigners at Algerian Gas Field

Al Qaeda Group Seizes Foreigners at Algerian Gas Field

Islamist militants seized foreign nationals Wednesday at an Algerian gas field operated by two Western energy majors, fanning fears that France's military operations in Mali are sparking a terrorist backlash in neighboring countries.

N America Shale Oil Boom Will Pressure OPEC to Cut Output - BP

N America Shale Oil Boom Will Pressure OPEC to Cut Output - BP

Increasing output of shale oil in North America will put pressure on OPEC to cut its own crude production, resulting in a global oil supply buffer on a scale not seen since oil prices were far lower more than 10 years ago, BP PLC (BP.LN) said in its annual energy forecast Wednesday.

IENE to Organize Colloquium on «The Arab Spring, Oil Market Implications and the Role of the East Med Hydrocarbon Resources»

IENE to Organize Colloquium on «The Arab Spring, Oil Market Implications and the Role of the East Med Hydrocarbon Resources»

The Institute of Energy for SE Europe (ΙΕΝΕ) is organizing an afternoon colloquium on “The Arab Spring, Oil Market Implications and the role of the East Med Hydrocarbon resources”. The event will take place on January 30, 2013, at the Eugenides Foundation Conference Centre, Faliron, Athens (387, Syngrou Ave.), from 17:00 to 21:00. Following conclusion of the Colloquium, IENE will offer a glass of wine to its guests and will celebrate the New Year

Turkey Looks To Secure More Gas From Producers Other Than Iran

Turkey Looks To Secure More Gas From Producers Other Than Iran

Turkey isn't planning to reduce its current level of gas imports from Tehran but will look to secure further gas supplies from other countries to meet growing domestic demand, said Energy Minister Taner Yildiz, according to a report Tuesday.

Saudi Arabia Targets 54 GW Renewable Energy by 2032

Saudi Arabia Targets 54 GW Renewable Energy by 2032

Saudi Arabia is targeting 54 gigawatts of renewable energy by 2032, an official at the body developing Saudi Arabia's renewable energy program said Tuesday.

Gazprom CEO: Against Private Cos Access to Arctic Shelf

Gazprom CEO: Against Private Cos Access to Arctic Shelf

The chief executive of Russia's OAO Gazprom (GAZP.RS) said the state-owned natural gas monopoly doesn't want the government to allow development of the country's largely untapped Arctic shelf gas fields by private energy companies, Russian agencies report Tuesday.

Chevron Bids for Shale Gas Exploration in Lithuania

Chevron Bids for Shale Gas Exploration in Lithuania

U.S. fossil fuels giant Chevron Corp. (CVX) has submitted a bid to explore and extract shale gas in Lithuania as the Baltic European Union state is keen to ease dependence on Russian supplies, an official said Tuesday.

Iraq, Gazprom Award $879 Million Badra Deal to Samsung

Iraq, Gazprom Award $879 Million Badra Deal to Samsung

Iraq and Russian state oil producer OAO Gazprom Neft (SIBN.RS) have awarded an $879 million contract to South Korea's Samsung Group (SSN.YY) to develop the Badra oil field in eastern Iraq, the Iraqi government said in a statement Tuesday.