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Egypt To Adopt New Oil, Gas Licensing Policy

Egypt To Adopt New Oil, Gas Licensing Policy

Egypt will adopt a new licensing policy for its future oil and gas exploration contracts signed with foreign companies that will allow the North African country to obtain a bigger share of the production, its oil minister Osama Kamal said.

BP First Quarter Profit Rises Sharply On TNK-BP Sale

BP First Quarter Profit Rises Sharply On TNK-BP Sale

BP PLC (BP, BP.LN) said Tuesday its first-quarter profit nearly tripled from a year earlier, as proceeds from the $27.5 billion sale of Russian joint venture TNK-BP offset falling oil and gas production.

Gazprom 2012 Net Profit Plunges 10% on Lower Sales

Gazprom 2012 Net Profit Plunges 10% on Lower Sales

Russian energy giant Gazprom's IFRS net profit for 2012 fell 10 percent year-on-year to 1.18 trillion rubles ($38 billion) amid lower gas sales, the company said on Tuesday.

Hellenic Petroleum Selling Debut Bond

Hellenic Petroleum Selling Debut Bond

Hellenic Petroleum SA increased the size of its debut bond while Greek refrigerator equipment supplier Frigoglass SA is also planning its first note sale, as investors seeking riskier assets boost demand for securities from Europe’s most indebted nation.

Syria Rebel Victory Would Threaten Region -Iran

Syria Rebel Victory Would Threaten Region -Iran

President Mahmoud Ahmadinejad on Sunday reiterated Iran's staunch support for Damascus, insisting that a rebel victory in Syria would threaten the entire region, his office's website said.

Chinese Electric-Bus Maker Turns to U.S. for Growth

Chinese Electric-Bus Maker Turns to U.S. for Growth

A Chinese car maker is setting up shop in the U.S., with small ambitions but a clear goal: Get the federal government to subsidize the sales of the company's American-made electric buses.

EU Launches Anti-Subsidy Case Against China Over Solar Energy Policy

EU Launches Anti-Subsidy Case Against China Over Solar Energy Policy

The European Commission has launched an anti-subsidy procedure against China for its solar energy policy, German daily Saechische Zeitung reported Monday, citing the commission's official register. The result could be punitive tariffs, the newspaper said.

Iraq Offers 3-Month Credit for Egypt Oil Deal

Iraq Offers 3-Month Credit for Egypt Oil Deal

OPEC member Iraq has agreed in principle to offer cash-strapped Egypt 4 million barrels of crude a month on a three-month credit term, in a move that could ease the fuel shortage that has recently hit the Egyptian economy, officials from the two countries said Monday.

French Nuclear Watchdog Lets EDF Keep Reactor Operational During Upgrade

French Nuclear Watchdog Lets EDF Keep Reactor Operational During Upgrade

French power utility Electricite de France SA (EDF.FR) can keep operating the second nuclear reactor at Fessenheim power plant while it carries out additional security and safety works to the reactor, said the country's nuclear watchdog Monday.

Putin: Gazprom Ready to Invest in Regasification Plant, Pipelines in Japan

Putin: Gazprom Ready to Invest in Regasification Plant, Pipelines in Japan

Russian gas giant OAO Gazprom (GAZP.RS) is prepared to invest in a regasification plant and pipelines in Japan as part of increased energy cooperation between the countries, Russian President Vladimir Putin said at a press conference with Japan's prime minister Monday.

The IENE - WEC/RNC «Energy Trilemma» Conference in Bucharest Focused on the Energy Policies & Strategies of Romania

The IENE - WEC/RNC «Energy Trilemma» Conference in Bucharest Focused on the Energy Policies & Strategies of Romania

The Institute of Energy for SE Europe (IENE), in co-operation with the World Energy Council's Romanian National Member Committee (WEC/RNC) organized on Thursday, April 25, 2013, the “Energy Trilemma” conference, in the capital of Romania, Bucharest . Within the framework of its co-operation with WEC , IENE organized the second of the Conference’s two sessions, which focused on “Energy Policies & Strategies in SE Europe: Focus on Romania”

OMVs 1Q Hydrocarbon Production Slightly Higher

OMV's 1Q Hydrocarbon Production Slightly Higher

Oil and gas company OMV AG (OMV.VI) posted slightly higher hydrocarbon production in the first quarter, the Austrian company said Friday, as it released its first-quarter trading statement.