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EU Expands Iran Sanctions, Signs Off Oil Embargo Text

EU Expands Iran Sanctions, Signs Off Oil Embargo Text

European Union foreign ministers agreed Friday to add 17 Iranians to its sanctions list for human rights abuses, and also signed off on a legal text that details how they will implement an oil embargo on Iran.

EUs CO2 Trade Needs To Be Revitalized

EU's CO2 Trade Needs To Be Revitalized

E.ON AG (EOAN.XE) said Friday the European Union's carbon dioxide emissions trade needs to be "revitalized" and called for a harmonization of the diverse set of rules amongst the individual EU member states.

Enbridge Acquires 50-MW Nevada Solar Project from First Solar

Enbridge Acquires 50-MW Nevada Solar Project from First Solar

Enbridge Inc. (TSX:ENB) (NYSE:ENB) and First Solar, Inc. (NASDAQ:FSLR) announced today that Enbridge has acquired a 100 per cent interest in the 50-megawatt (MW) Silver State North photovoltaic (PV) project that First Solar has developed and constructed in Clark County, Nevada, near the community of Primm. Terms of the transaction were not disclosed.

Iraq, Lukoil Ink $998M West Qurna Oil Deal With Samsung

Iraq, Lukoil Ink $998M West Qurna Oil Deal With Samsung

Iraq and Russia's OAO Lukoil Holding (LKOH.RS) signed Thursday a $998 million deal with South Korea's Samsung Engineering Co. Ltd. (028050.SE) to develop the supergiant West Qurna phase 2 oil field in southern Iraq.

Rosneft Vice President Pavel Fedorov Named Deputy Energy Minister

Rosneft Vice President Pavel Fedorov Named Deputy Energy Minister

Russia largest oil producer OAO Rosneft's (ROSN.RS) First Vice President Pavel Fedorov moved to work as a deputy energy minister Thursday, marking the first government appointment since Vladimir Putin returned as President at March 4 elections.

Egypt Petrol Shortage Causes Long Queues

Egypt Petrol Shortage Causes Long Queues

Long queues snaked outside empty petrol stations in Cairo and other Egyptian cities on Thursday, as worried motorists waited for new deliveries amid fears of price hikes and longer-term scarcity.

RES Power Share Grows in Greece

RES Power Share Grows in Greece

The share of renewable energy sources (RES) in electricity production in Greece more than doubled within five years, climbing from 2.1 percent in 2006 to 5.2 percent last year, according to a survey by ICAP that will be presented on April 5.

Tamar Partners to Sell Gas to Gazprom Unit

Tamar Partners to Sell Gas to Gazprom Unit

The Tamar partners last night reported that they have signed a non-binding letter of intent to sell liquefied gas to Russian giant Gazprom (RTS: GAZP; LSE: OGZD; DAX: GAZ) unit Gazprom Marketing and Trading Switzerland AG (GM&T).

France, Germany Would Not Join Oil Release

France, Germany Would Not Join Oil Release

France and Germany have reportedly come out against joining a potential release of strategic oil reserves mooted by the US and UK, arguing the emergency measure is meant to offset supply disruptions rather than tame oil prices.

Iraq Suspends Oil Exports From New Terminal - Official

Iraq Suspends Oil Exports From New Terminal - Official

Iraq has suspended crude oil exports from its newly built sea-terminal in the south on technical faults after loading one vessel earlier this month, a senior Iraqi oil official said Wednesday.

UK Sets 2014-2015 CO2 Price Floor Top Up Fee At GBP9.55/Ton

UK Sets 2014-2015 CO2 Price Floor Top Up Fee At GBP9.55/Ton

U.K. Chancellor of the Exchequer George Osborne Wednesday set the "top up" fee that electricity generators will pay for their carbon emissions in 2014-2015 under the government's flagship carbon price floor mechanism, which is designed to stimulate investment in green energy.