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CEZ May Add 2,000 Megawatts of Green Energy in Romania, ZF Says

CEZ May Add 2,000 Megawatts of Green Energy in Romania, ZF Says

CEZ AS (CEZ), the biggest Czech energy producer, plans to add as much as 2,000 megawatts of renewable energy in Romania as part of a plan to boost green capacity by 3,000 megawatts,Ziarul Financiar reported, citing Jan Veskrna, the chief executive officer of the company’s Romanian unit.

Lukoil Plans to Acquire a 20 MW Wind Turbine Park in Bulgaria

Lukoil Plans to Acquire a 20 MW Wind Turbine Park in Bulgaria

Lukoil plans to acquire a 20 MW wind turbine park in Bulgarian a deal worth EUR 50 M, according to reports of Russian media. The acquisition of wind power plants is to be wrapped up by end-2011 or the beginning of 2012, the Bulgarian Telegraph Agency (BTA) announced, citing RIA Novosti.

BP-Led Shah Deniz II To Make Investment Decision In 2013

BP-Led Shah Deniz II To Make Investment Decision In 2013

A BP PLC (BP) led consortium working on Azerbaijan's Shah Deniz natural gas field will make a final investment decision on development of the second stage of the field in 2013, the head of Azerbaijan's state energy company Socar, Elshad Nasirov, said Wednesday.

Russia May Pipe Gas To South Korea In 2017

Russia May Pipe Gas To South Korea In 2017

Russia may start shipping natural gas to South Korea by pipeline through North Korea in 2017, the Interfax news agency reports Wednesday citing the head of Russia's state gas firm.

Azerbaijan: New Consortium To Build Turkey Transit Gas Pipeline

Azerbaijan: New Consortium To Build Turkey Transit Gas Pipeline

A consortium will be created to build a new pipeline that will carry natural gas from Azerbaijan's Shah Deniz II project through Turkey, the deputy head of Azerbaijan's state energy company Socar, Elshad Nasirov, said Wednesday.

Libya Oil Production Over One-third Of Prewar Level

Libya Oil Production Over One-third Of Prewar Level

Libya's oil production has now reached 560,000 barrels a day, the country's oil head said Wednesday, more than one-third of its prewar crude output of 1.6 million barrels a day.

Frances Areva Finds 12,300 Tons Of Uranium In Jordan

France's Areva Finds 12,300 Tons Of Uranium In Jordan

French nuclear giant Areva SA (AREVA.FR) has discovered 12,300 metric tons of uranium in central Jordan, state-run media said Tuesday, as the parched kingdom tries to develop nuclear energy to meet its growing needs.

Qatar Oil Min: Barzan Gas Proj Cost Rises To $10.3 Bln

Qatar Oil Min: Barzan Gas Proj Cost Rises To $10.3 Bln

Qatar's oil minister said Tuesday the total cost of the Barzan development, which will produce natural gas to meet the Gulf Arab state's rising energy needs, will be $10.3 billion, higher than previous estimates.

Fitch: Greek Referendum Threat to Eurozone Financial Stability

Fitch: Greek Referendum Threat to Eurozone Financial Stability

Fitch Ratings says that the announcement by the Prime Minister of Greece of a public referendum to approve the economic and financial conditions associated with the new EU-IMF programme, including the debt restructuring under the 'private sector involvement' (PSI), dramatically raises the stakes for Greece and the eurozone as a whole.

Romania Supports Serbia Joining AGRI Gas Pipeline Project

Romania Supports Serbia Joining AGRI Gas Pipeline Project

Romania will support Serbia's bid to join the AGRI pipeline project aimed at supplying gas from the Caspian Sea to central European countries, President Traian Basescu said here Tuesday.

Anadarko: Ghanas Jubilee Field Producing Less Than Expected

Anadarko: Ghana's Jubilee Field Producing Less Than Expected

Anadarko Petroleum Corp. (APC) said Wednesday that Ghana's massive Jubilee oilfield is producing less than expected and that some wells will have to be reworked in order to try to achieve the original production target.

PPC: Minister of Environment Comments on Lignite Liberalization

PPC: Minister of Environment Comments on Lignite Liberalization

Minister of Environment Papakostantinou said that a solution over the lignite liberalization should be expected by the end of the week. He also repeated that the plan over the opening of the 40% of the lignite generation includes both the sale of lignite units and energy swaps.