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International energy price Reporting Service Argus Extends Coverage of Electricity Markets to Include Turkey

International energy price Reporting Service Argus Extends Coverage of Electricity Markets to Include Turkey

International energy price reporting service Argus is extending its coverage of electricity markets to includeTurkeyfrom today. The expansion comes in response to growing demand for unbiased and independent information on wholesale prices, regulation and market developments inTurkeyas investment in power generation and involvement in spot trading gather pace in the country's liberalising energy sector.

Gadhafis Son Claims Pact With Rebel Libya Islamists

Gadhafi's Son Claims Pact With Rebel Libya Islamists

A high-profile son of Libyan leader Moammar Gadhafi said Wednesday his family had forged an alliance with Islamist rebels to drive out the secular opposition to his father's 40-year rule.

Iran Claims Progress Speeding Nuclear Program

Iran Claims Progress Speeding Nuclear Program

Moves by Iran to deploy more-advanced centrifuge machines for the production of nuclear fuel are raising new concerns that Tehran could significantly shorten the time it would need to produce nuclear bombs.

Iberdrola, EDF, EON Interested In Portugals EDP

Iberdrola, EDF, EON Interested In Portugal's EDP

Spain's Iberdrola SA (IBE.MC), Electricite de France SA (EDF.FR) and Germany's E.ON AG (EONGY) have expressed their interest in purchasing a 25.8% stake in Energias de Portugal SA (EDPFY) from the Portuguese government, reports Cinco Dias in its Thursday Internet edition, citing sector sources.

US Oil Giant Says China Spill Worse Than First Thought

US Oil Giant Says China Spill Worse Than First Thought

A massive oil spill off northeast China may be worse than first thought, the U.S. energy giant behind the leak said, after authorities ordered it to clean up the sea bed by Sunday.

Pendeli Monastery Investing in RES

Pendeli Monastery Investing in RES

With the support of the Church of Greece, Pendeli Monastery is planning an investment that is seen reaching as much as 1 billion euros in energy production through a photovoltaic park.

China Uranium Imports Down In 1st Half; Industry Awaits Nuclear Plan

China Uranium Imports Down In 1st Half; Industry Awaits Nuclear Plan

China's uranium imports fell 13% from a year earlier in the first half of the year after Beijing halted approvals of new nuclear-power plants in March following Japan's Fukushima nuclear crisis, the state-run China Daily reported Wednesday.

Tepco Compensation Support Plan Passes Japan Parliament

Tepco Compensation Support Plan Passes Japan Parliament

A bill to help utility Tokyo Electric Power Co. (9501.TO) meet expected massive claims over the Fukushima Daiichi nuclear accident became law Wednesday, with both ruling and opposition party support.

Gazprom Neft Posts Surge In Net Profit

Gazprom Neft Posts Surge In Net Profit

OAO Gazprom Neft (SIBN.RS), Russia's No. 5 oil producer, Wednesday said net profit for the second quarter totaled $1.17 billion, a 56% increase from a year earlier, driven by increased sales volumes and higher crude and petroleum prices.

China Set To Explore Indian Ocean Seabed

China Set To Explore Indian Ocean Seabed

China has won the right to explore for minerals in part of the Indian Ocean as the energy-hungry country scours the world for resources to fuel its fast-growing economy, state media said Wednesday.

Suzlon Energy Expects Robust Demand For Wind Projects In India

Suzlon Energy Expects Robust Demand For Wind Projects In India

Suzlon Energy Ltd. (532667.BY) expects robust demand for wind power projects in India for the next few years and is ramping up its project execution capabilities to meet the demand, its chairman said Wednesday.

DEPA Pretax Profits Soar 87 Percent

DEPA Pretax Profits Soar 87 Percent

DEPA, Greece’s natural gas supplier, said Monday first half pretax profit jumped 87% as sales increased amid higher demand. Pretax profit reached 129.3 million euros, from 69,2 million in the first six months of 2010, the Athens-based company reported.