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EU Could Halve Iran Oil Imports By July -Citi

EU Could Halve Iran Oil Imports By July -Citi

The European Union could eliminate around half of its imports of crude oil from Iran by the end of 2Q, says Citigroup. This would reduce such imports by between 300,000 and 350,000 barrels a day, it says.

German Solar Energy Continues Rapid Growth, More Subsidy Cuts Loom

German Solar Energy Continues Rapid Growth, More Subsidy Cuts Loom

Germany added around 7.5 gigawatts of new solar-power generation capacity in 2011, driven by strong demand for new facilities such as roof-top installations toward the end of the year, the country's network agency said Monday, citing preliminary figures.

Greeces PPC May Scale Back Capex To Ease Debt Burden

Greece's PPC May Scale Back Capex To Ease Debt Burden

Greek state-owned electric utility Public Power Corp. SA (PPC.AT) said Monday it might scale back its EUR1 billion-a-year investment plans to shore up its balance sheet.

Bulgarian Miners To Go on Strike Jan 14

Bulgarian Miners To Go on Strike Jan 14

Workers of Bulgaria's Maritsa East mines will go on strike on January 14 demanding bonuses for the mines' increased output and profit in 2011.

Turkish Visit Aims To Smooth Ties With Tehran

Turkish Visit Aims To Smooth Ties With Tehran

Turkey's Foreign Minister Ahmet Davutoglu on Thursday reassured Iran that Ankara wouldn't allow Turkish soil to be used for any attack against a neighbor, during a trip to Tehran focused on averting a Sunni-Shia "cold war" in the region.

China Mulls Energy Super-Ministry In 2013

China Mulls Energy Super-Ministry In 2013

China could create an energy "super-ministry" to replace the National Energy Administration as part of a sweeping reshuffle in 2013, Reuters reported Friday, citing two unnamed sources.

Screws Tighten on Iran as Big Buyers Shun its Oil

Screws Tighten on Iran as Big Buyers Shun its Oil

Iran faced the prospect of cutbacks in its oil sales to China and Japan as new measures to block Tehran's crude exports over its nuclear program appeared to be driving its economy to the wall.

Japan Looking at Taking Control of Nuclear Power

Japan Looking at Taking Control of Nuclear Power

Japan's government is considering taking control of the nation's nuclear power plants away from private utilities, in a bid to improve accountability of the industry, the Yomiuri newspaper reported on Friday, as quoted by Reuters.