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Scandal Prompts South Korea to Investigate All Nuclear Reactors

Scandal Prompts South Korea to Investigate All Nuclear Reactors

South Korea's nuclear watchdog said Wednesday it would carry out a rigorous inspection of all the country's 23 reactors after a scandal involving unvetted components fueled public fears about nuclear safety.

Serbia: New Renewable Tariffs to be Announced Soon

Serbia: New Renewable Tariffs to be Announced Soon

Serbia's Minister of Energy, Development and Environmental Protection Zorana Mihajlovic announced that new incentive tariffs (feed-in) for the production of electricity from renewable energy sources will be known in ten days.

Romania has 750MW of Wind Farms in Testing Stage

Romania has 750MW of Wind Farms in Testing Stage

A 250MW wind park entered into testing phase last week, taking the total wind capacities that are in testing stage to 750MW, said last week Zoltan Nagy-Bege, general manager of the energy regulator ANRE, during the AEEC (Associated European Energy Consultants) conference, which was organized by the law firm Pachiu & Associates.

25-35% Fee Set for All Photovoltaic Plants in Greece

25-35% Fee Set for All Photovoltaic Plants in Greece

The new economy bill that was carried yesterday in the Greek parliament calls for significant changes in the energy sector, most notably in photovoltaics, where a fee of 25-35% on the sales of the companies involved is imposed. The decision has been met with fierce opposition by the business associations and environmental groups, who warn that it is going to lead to bankruptcies and layoffs.

Libyan Fund Interested in Struggling French Oil Refinery

Libyan Fund Interested in Struggling French Oil Refinery

A Libyan sovereign investment fund has sent a letter officially expressing interest in taking over a struggling French oil refinery, as a local court is due to decide whether to order the liquidation of the plant.

Rosneft CEO Sechin On List Of Candidates For Board

Rosneft CEO Sechin On List Of Candidates For Board

OAO Rosneft's (ROSN.RS) Chief Executive Igor Sechin is on the list of candidates for the company's board of directors that shareholders will vote on Nov. 30, Russian newswires reported Tuesday, citing Rosneft.

Gazprom, PGNiG May Cooperate on New Projects After Price Cut

Gazprom, PGNiG May Cooperate on New Projects After Price Cut

Goodwill between Poland's PGNiG SA (PGN.WA) and Russia's OAO Gazprom (GAZP.RS) has risen as a result of a price cut the companies agreed on Monday for Russian gas, which opens possible new areas of cooperation, a PGNiG vice-president told reporters Tuesday.

SOFAZ to Finance TANAP Project

SOFAZ to Finance TANAP Project

The State Oil Fund of Azerbaijan will finance the implementation of the Transanatolian gas pipeline project and new petrochemical complex in Garadagh in 2013.

Verbund CEO: Gas Remains Viable Over Medium Term

Verbund CEO: Gas Remains Viable Over Medium Term

Gas as a source of energy remains viable over the medium term, Austrian utility Verbund AG's (VER.VI) Chief Executive Wolfgang Anzengruber said Monday.

BP CEO Dudley Says Talks Ongoing on Abu Dhabi Concessions

BP CEO Dudley Says Talks Ongoing on Abu Dhabi Concessions

BP PLC's (BP) Chief Executive Bob Dudley downplayed Monday a report that the U.K.-based oil giant may not be allowed to make a bid for the renewal of a shared license to operate some of Abu Dhabi's largest onshore oil fields, due to a reported political row between the United Arab Emirates and the U.K.

Kuwait Targets Crude Output Capacity of 3.2M B/D by 2015

Kuwait Targets Crude Output Capacity of 3.2M B/D by 2015

OPEC member Kuwait plans to up its crude output capacity from 3 million barrels per day to 3.2 million barrels a day by 2015, the chairman and managing director of Kuwait Oil Co. said in remarks published Monday.