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Eni Signs Libya Agreement, Paving Way To Restart Of Operations

Eni Signs Libya Agreement, Paving Way To Restart Of Operations

Italy's energy giant Eni SpA (E) said Monday it signed a memorandum with the Libyan National Transitional Council, or NTC, that strengthens co-operation in the country and paves the way to the restart of Eni's oil and gas operations there.

Iraq Contract May Force Oil Majors To Cede Gas To Shell

Iraq Contract May Force Oil Majors To Cede Gas To Shell

Oil companies including BP PLC (BP), Exxon Mobil Corp. (XOM), Eni SpA (E) and China National Petroleum Corp. could have to surrender most of the gas they extract from Iraq's southern fields to a project led by Royal Dutch Shell PLC (RDSA), Reuters reported Monday, citing a "final draft contract" between the Iraqi government and the U.K. giant.

Saudi Says It Remains Target For Terrorism

Saudi Says It Remains Target For Terrorism

Saudi Interior Minister Prince Nayef bin Abdulaziz said in comments published on Monday that terrorism remains a threat for the Sunni Gulf kingdom and accused Shiite Iran of targeting it.

Etrion Completes 10 MW Solar Project in Italy

Etrion Completes 10 MW Solar Project in Italy

Etrion Corporation, an independent solar power producer, announces the completion of the Helios ITA-3 solar project in Puglia, Italy. The Helios ITA-3 solar project has a total capacity of 10 megawatts ("MW") and is expected to produce 16.8 million kilowatt hours ("kWh") of clean electricity and 5.0 million euros of earnings before interest, taxes, depreciation and amortization ("EBITDA") per year.

Iran Ready For Increased Cooperation With IAEA - Nuclear Chief

Iran Ready For Increased Cooperation With IAEA - Nuclear Chief

Iran is ready for increased cooperation with the United Nations nuclear watchdog and could respond to a limited number of International Atomic Energy Agency "allegations," the country's nuclear chief told IRNA news agency Monday.

PM: Greece has Huge Potential in Energy Sector

PM: Greece has Huge Potential in Energy Sector

"Greece has a huge potential, which however, has been left unexploited, especially in the energy sector," Prime Minister George Papandreou said on Friday during a visit to the Renewable Energy Sources Centre at the Athens suburb of Pikermi.

Greece Plans to Develop Some 20,000 Hectares of Solar Power Parks

Greece Plans to Develop Some 20,000 Hectares of Solar Power Parks

Greece plans to develop some 20,000 hectares of solar power parks in a bid to export renewable energy to Germany reports the AFP.Wracked by debt but blessed with abundant sunshine, Greece plans to develop some 20,000 hectares of solar power parks in a bid to export renewable energy to Germany, a report said on Saturday.

Transneft To Raise Tariffs 2.8% On Sep 1, 5% On Nov 1

Transneft To Raise Tariffs 2.8% On Sep 1, 5% On Nov 1

Russian state pipeline operator OAO Transneft (TRNFP.RS) plans to raise tariffs 2.8% on Sept. 1 and another 5% on Nov. 1, the country's Federal Tariff Service said Friday.

Italy Denies Battle With France Over Libyan Riches

Italy Denies Battle With France Over Libyan Riches

Italy and France aren't engaged in a colonial-style battle to seize Libya's riches, Italian Foreign Minister Franco Frattini said in an interview with Rai radio.

North Said To Pledge Land For Trans-Korea Pipeline

North Said To Pledge Land For Trans-Korea Pipeline

North Korean leader Kim Jong Il has promised to provide land for a Russian plan to build a trans-Korean gas pipeline to ship natural gas to South Korea if Moscow and Seoul agree to the gas pipeline deal, Kyodo News quoted a senior Russian official as saying Friday.

Iran Oil In Temporary Storage Or Shuttling Doubles -ICAP

Iran Oil In Temporary Storage Or Shuttling Doubles -ICAP

Oil in short-term storage or shuttling by the National Iranian Tanker Co. has doubled to six Very Large Crude Carriers containing 12 million barrels in the week ending Aug. 26, ICAP Shipping International Ltd. said in a note Friday.

Cyprus: 60 MW of Generators to be Installed in Dhekelia Power Plant

Cyprus: 60 MW of Generators to be Installed in Dhekelia Power Plant

Cypriot EAC Spokesman Costas Gavrielides said that the generators that arrived on Sunday with a total a capacity of 60MW and will be installed at the Dhekelia power plant, while other generators of a capacity of 35MW were already on their way and would be installed at the Moni power plant.

Kuwait Crude Oil Exports To China Drop 36.6% On Yr In July

Kuwait Crude Oil Exports To China Drop 36.6% On Yr In July

Kuwaiti crude oil exports to China fell 36.6% in July from a year earlier to 524,000 tons, equivalent to around 124,000 barrels a day, Kuwait's official Kuna news agency reports Thursday citing Chinese government data.