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Iran Boosts Nuclear Site Defenses, Warns EU On Oil

Iran Boosts Nuclear Site Defenses, Warns EU On Oil

Iran deployed warplanes and missiles Monday in an "exercise" to protect nuclear sites and warned it could cut oil exports to more European Union nations unless sanctions were lifted.

Do Not Humiliate the Greeks

Do Not Humiliate the Greeks

Last Sunday, as the Greek Parliament adopted the latest reforms and austerity measures, hooded arsonists rampaged through central Athens and riot squads hosed protesters with tear gas.

ITGI Out of Running for Shah Deniz

ITGI Out of Running for Shah Deniz

The BP-led consortium developing the Shah Deniz gas field offshore Azerbaijan has eliminated the Interconnector Turkey-Greece-Italy (ITGI) pipeline option.

Turkey has Started Pumping Natural Gas to Greece Again

Turkey has Started Pumping Natural Gas to Greece Again

Turkey restarted natural gas transfers to Greece over the weekend after Greek Energy Minister George Papaconstantinou called to request supplies reports Hurriyet Daily News.

Nabucco: Consortium Proposing Significantly Smaller Pipeline

Nabucco: Consortium Proposing Significantly Smaller Pipeline

The Nabucco consortium has proposed a much smaller project than the originally planned pipeline to carry Caspian natural gas to Europe, bowing to the reality of low gas amounts available at the moment in the region and little interest by investors, people familiar with the discussion told Dow Jones Newswires.

Statoil, ExxonMobil Encounter Hydrocarbons Offshore Tanzania

Statoil, ExxonMobil Encounter Hydrocarbons Offshore Tanzania

Norwegian oil company Statoil ASA (STO) and partner ExxonMobil Corp. (XOM) Friday confirmed that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir.

Petroplus German Retail Operations Back To Normal

Petroplus German Retail Operations Back To Normal

The administrator of the German subsidiaries of Petroplus Holdings AG (PPHN.EB) said Friday that retail operations have been stabilized, and said that the company is supplying around 40,000 customers in the state of Bavaria.

Shell and Petromanas Plan to Begin Exploration Work in Albania

Shell and Petromanas Plan to Begin Exploration Work in Albania

Albania's Prime Minister Sali Berisha received this week the executives of Petromanas Energy Inc. and Shell Oil Company, Petromanas' General Manager Glen McNamara and Shell's vice president for international strategy Marcus Antonini. Both companies exercise their activity in the field of oil and gas.

Bulgaria: Energy Law Passed First Reading in Energy Commission in Parliament

Bulgaria: Energy Law Passed First Reading in Energy Commission in Parliament

The energy law transposing into national legislation Directives 2009/77/EC and 2009/73/EC was presented to MPs on February 15, 2012. Bulgaria’s power market opened to competition in theory in 2007 but only big industrial plants can currently choose their power distributor.

Libyas Production Of Crude And Condensates Tops 1.4M B/D-Oil Chief

Libya's Production Of Crude And Condensates Tops 1.4M B/D-Oil Chief

Libya's production of crude and condensates has risen above 1.4 million barrels a day, the country's oil chief said Thursday, as a faster-than-expected recovery in the North African country brings much-needed relief to markets jittered by tensions with Iran.

Rwanda To Spend $1B On Geothermal Exploration By 2017

Rwanda To Spend $1B On Geothermal Exploration By 2017

Rwanda will invest about $1 billion in geothermal energy development in the next five years, The New Times newspaper reports Thursday, citing Stephen Alumasa, a consultant at the Energy Water and Sanitation Agency.