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Yildiz: TANAP Deal Set to Include Turkmen Gas

Yildiz: TANAP Deal Set to Include Turkmen Gas

The gas pipeline deal signed between Turkey and Azerbaijan last June is set to include Turkmen gas, according to Turkey’s Minister of Energy, Taner Yildiz, visiting the central Asian republic of Turkmenistan.

Iraq Plans to Make Gas-Exploration Deals More Lucrative

Iraq Plans to Make Gas-Exploration Deals More Lucrative

Iraq will make future energy exploration contracts more lucrative in a bid to lure a greater number of foreign firms to auctions for exploration blocks, a spokesman said Sunday.

Gulf Virus Attacks Seem to Be Deliberate Sabotage Attempts -Security Firm

Gulf Virus Attacks Seem to Be Deliberate Sabotage Attempts -Security Firm

Viruses that badly affected computer systems at two major oil and gas companies in the Persian Gulf appear to be deliberate attempts at sabotage, but preliminary analysis of the code doesn't point to a state-sponsored attack, said Moscow cybersecurity firm Kaspersky Lab.

Rosneft to Increase Gas Supplies to E.ON Russia

Rosneft to Increase Gas Supplies to E.ON Russia

Russian state oil giant OAO Rosneft (ROSN.RS) has signed a deal to increase natural-gas supplies to the Russian arm of Germany's E.ON AG (EOAN.XE), the companies said Monday.

Dubai Power Demand Up 3.8%, Output Rises 3% in 2Q-DEWA

Dubai Power Demand Up 3.8%, Output Rises 3% in 2Q-DEWA

Electricity demand in Dubai, the Gulf financial hub, increased 3.8% in the second quarter of 2012 on year, while production rose 3% during the same period, Dubai Electricity and Water Authority, or DEWA, said Monday.

Greek Utility PPC’s Bad Debt Provisions Soar

Greek Utility PPC’s Bad Debt Provisions Soar

Greek state-owned utility PPC increased provisions for bad debts by 164pc on the year in the first half because of the financial crisis and liquidity problems in the power market.

Gazprom Resumes Delivery Through Yamal-Europe Pipeline

Gazprom Resumes Delivery Through Yamal-Europe Pipeline

Russian natural-gas export monopoly OAO Gazprom (GAZP.RS) said Thursday that it has resumed fuel delivery through the Yamal-Europe pipeline after two days of it being shut down for repairs in Russia and Poland.

Greeces PPC Reports Profit Slump on Higher Energy Costs

Greece's PPC Reports Profit Slump on Higher Energy Costs

Greek state-controlled utility Public Power Corp. SA (PPC.AT) reported Thursday a first-half net profit of 18.3 million euros ($23 million), down 85.8% from a year earlier because of higher energy costs and a new lignite levy.