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Iran Says Oil Platforms Targeted by Israeli Cyber Attack

Iran Says Oil Platforms Targeted by Israeli Cyber Attack

Iran's oil platforms have been targeted by cyber attack by Israel and other nations but their operations have not been affected, an Iranian state oil official was quoted as saying Monday.

Gazprom to Increase Supply to Turkey Following Pipeline Blast

Gazprom to Increase Supply to Turkey Following Pipeline Blast

Russian state-run gas company Gazprom OAO (GAZP.RS) said Monday it would boost its supply of gas to Turkey by 60% following an explosion on the Baku-Tbilisi-Erzurum pipeline that halted natural gas shipments from Iran and disrupted flow from Azerbaijan.

Romania January-August Power Output Falls 2.6% on Year

Romania January-August Power Output Falls 2.6% on Year

Romanian energy output fell 2.6% on the year to 15.2 million tons of oil equivalent in the first eight months, on falling production in the hydropower and nuclear sectors, official data showed Friday, news agency Mediafax reported.

Poland to Complete Work on LNG Port in 2014

Poland to Complete Work on LNG Port in 2014

Poland is on track with the construction of its liquefied natural gas port and will complete it in 2014 despite obstacles, Treasury Minister Mikolaj Budzanowski told reporters Thursday.

Iraq Favors Oil Price of $100-$120 a Barrel

Iraq Favors Oil Price of $100-$120 a Barrel

A crude oil price between $100 and $120 a barrel is acceptable to both consumers and producers, Iraq oil minister Abdul Kareem Luaiby said Thursday.

Saudi Arabias Naimi Says Oil Supply Is Ample to Meet Demand

Saudi Arabia's Naimi Says Oil Supply Is Ample to Meet Demand

Crude oil markets are well supplied and inventories remain adequate, Saudi Arabia's oil minister Ali al-Naimi said Thursday, reiterating that the world's top oil exporter can and will meet any additional demand.

Iraq, Kurds May Reach Agreement Soon on Draft Oil Law - Oil Minister

Iraq, Kurds May Reach Agreement Soon on Draft Oil Law - Oil Minister

The federal government in Baghdad and the semi-autonomous region of Kurdistan in northern Iraq could soon reach an agreement on a new draft hydrocarbon law that would help resolve an impasse over who should control oil resources, Iraq's oil minister said Thursday.

OPEC September Oil Output Falls on West African Decline

OPEC September Oil Output Falls on West African Decline

Oil production from the Organization of Petroleum Exporting Countries fell last month as higher Saudi output failed to offset a West African drop. According to a Dow Jones Newswires survey of industry sources and analysts, crude-oil production from the group averaged 31.669 million barrels a day in September, down about 166,000 barrels a day from 31.835 million barrels a day in August

Iraq Begins First Oil Payment of $547M to Kurdish Regional Government

Iraq Begins First Oil Payment of $547M to Kurdish Regional Government

The Iraqi finance ministry has begun payment of 650 billion Iraqi dinars ($547 million) to the Kurdistan Regional Government to pay foreign contractors in the oil industry as part of an agreement reached between the two sides earlier this month, an Iraqi government official said Tuesday

Protest, Scuffles With Police In Iran Over Currency Crisis

Protest, Scuffles With Police In Iran Over Currency Crisis

A protest and scuffles with police occurred in central Tehran Wednesday in the first sign of public unrest over Iran's plunging currency, which this week has lost more than half its value. Hundreds of police in anti-riot gear stormed the capital's currency exchange district of Ferdowsi, arresting illegal money changers and ordering licensed bureaus and other shops closed, witnesses told AFP