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Sinopec To Invest CNY53 Bln In Xinjiang To Boost Oil, Gas Output -Report

Sinopec To Invest CNY53 Bln In Xinjiang To Boost Oil, Gas Output -Report

China Petrochemical Corp., known as Sinopec Group, plans to invest CNY53 billion ($8.41 billion) in Xinjiang province by 2015 to boost production of crude oil, natural gas and refining capacity, Xinjiang news agency Tianshannet reported, without citing sources.

Azerbaijan Slams Irans Israel Spy Claim As Slander

Azerbaijan Slams Iran's Israel Spy Claim As Slander

Azerbaijan on Monday rejected as "slander" Iranian claims that Baku has been collaborating with Israel's spy services and helping assassins who have killed Iranian nuclear scientists.

Qatar To Build New $5.5 Billion Petchem Plant By 2018

Qatar To Build New $5.5 Billion Petchem Plant By 2018

Qatar will build a $5.5 billion petrochemical plant in the northern industrial city of Ras Laffan by 2018, as the Gulf state steps up investment to utilize its huge gas reserves.

Exxon Barred From Iraqs 4th Energy Licensing Round

Exxon Barred From Iraq's 4th Energy Licensing Round

U.S. energy giant Exxon Mobil Corp. (XOM) will be barred from Iraq's fourth oil-and-gas licensing auction, scheduled for May, because of the deals it struck with the country's semi-autonomous Kurdistan region, a spokesman for Iraq's Deputy Prime Minster for Energy Hussein al-Shahristani said Monday.

Terna Deal Sparks Renewed Demand For Peripheral Debt

Terna Deal Sparks Renewed Demand For Peripheral Debt

Italian electricity grid operator Terna SpA (TRN.MI) Monday showed ongoing tensions in Greece have done little to curb appetite for peripheral corporate debt as demand for its five-year paper topped EUR5 billion.

EDF: Unscheduled Shutdown On Reactor At Cattenom Nuclear Plant

EDF: Unscheduled Shutdown On Reactor At Cattenom Nuclear Plant

A French nuclear reactor has gone into an unscheduled shutdown, state energy giant Electricite de France SA (EDF.FR) said Friday, placing fresh pressure on a national power grid already strained by freezing temperatures.

German Gas Supply Still Disrupted By Continued Cold In Europe

German Gas Supply Still Disrupted By Continued Cold In Europe

A prolonged cold spell across much of Europe continues to disrupt the supply of natural gas within Germany, but increasingly milder weather, increased supplies from Russia and robust storage levels have stabilized the situation somewhat, said utilities and energy network operators Friday.

Total To Boost Investments As Profits Rise On Oil Prices

Total To Boost Investments As Profits Rise On Oil Prices

French oil giant Total SA (TOT) Friday said 2012 has begun favorably and that it will step up investments over the next three years after it reported a 12.8% increase in fourth-quarter net income on high oil prices and in spite of weak downstream markets and stable output.

EU Countries That Favor Nuclear Energy Move To Strengthen Ties

EU Countries That Favor Nuclear Energy Move To Strengthen Ties

Ministers from 16 European countries that back nuclear power pledged to continue to work together to promote the fuel following a meeting Friday to discuss nuclear energy's place in Europe's energy mix.

New US State Departments Office For Energy To Be Stationed In Cyprus

New US State Department's Office For Energy To Be Stationed In Cyprus

The US State Department has created a regional office for energy issues in South Europe and North Africa and Cyprus has been chosen as its headquarters.The office in Cyprus will be under the Bureau of Energy Resources (ENR) of the US State Department.

Noble Energy Seeks Strategic Partner for Leviathan, Block 12

Noble Energy Seeks Strategic Partner for Leviathan, Block 12

Clal Finance analyst Yaron Zar notes thatNoble Energy Inc.(NYSE:NBL) is seeking a strategic partner for the Leviathan and Cypriot Block 12 fields within 6-9 months. In a presentation earlier this week, the company said it has an "advisor to assist in screening strategic partners."

Gazprom May Bid for Cypriot Shelf in Spring

Gazprom May Bid for Cypriot Shelf in Spring

Russian gas giant Gazprom may participate in a tender to develop hydrocarbons on the southern shelf of Cyprus this spring, Georgiy Petrov, vice-president of Russia's Chamber of Commerce and Industry, said on Friday.