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New Code of Conduct for Power Firms

New Code of Conduct for Power Firms

Private companies involved in the retailing of electricity are making an overture to private consumers by offering discounts of 20 percent on the rates of the Public Power Corporation (PPC), while the Environment and Energy Ministry works on measures to protect consumers.

Seoul Envoy To Visit China For North Korea Nuclear Talks

Seoul Envoy To Visit China For North Korea Nuclear Talks

South Korea's chief nuclear envoy Wi Sung-lac will visit Beijing this week for talks with his Chinese counterpart on North Korea's atomic programs, the foreign ministry said Tuesday.

Shell May Offer Gazprom Assets For Plant Expansion

Shell May Offer Gazprom Assets For Plant Expansion

Royal Dutch Shell PLC (RDSA.LN, RDSB.LN) might offer OAO Gazprom (GAZP.RS) assets in Asia in exchange for a deal to expand a liquefied gas export plant, Bloomberg News reported Tuesday, citing unnamed people with knowledge of the negotiations.

Jordan To Seek Partner This Mo For $5B Nuclear Proj -Report

Jordan To Seek Partner This Mo For $5B Nuclear Proj -Report

Jordan Atomic Energy Commission, or JAEC, will seek this month, via a request for proposal, a strategic partner for its planned nuclear plant that is expected to cost between $4 billion and $5 billion, Doha-based Asharq daily reports Tuesday citing an executive.

BPs Russian Joint Venture Postpones Sale Of Kovykta Field

BP's Russian Joint Venture Postpones Sale Of Kovykta Field

An auction of the huge Siberian Kovykta gas condensate field, majority-owned by BP PLC's (BP) Russian joint venture TNK-BP Ltd., has been postponed by two weeks to March 1, the administrator of the sale said Tuesday.

Rosatom Unit To Drop Bulgarian Belene Project

Rosatom Unit To Drop Bulgarian Belene Project

AtomStroyExport, a unit of Russian nuclear group Rosatom Nuclear Energy State Corporation, will cancel a project to build a nuclear reactor in the town of Belene in Northern Bulgaria due to delays caused by the Bulgarian government's financing issues, French business daily La Tribune reported Monday, citing an internal document that AtomStroyExport sent to its parent company.

BP Looking Further Afield For Investments-Trader

BP Looking Further Afield For Investments-Trader

BP (BP.LN) is reportedly in talks with Indian energy major Reliance Industries (500325.BY) to buy a 30% to 45% stake in the D6 hydrocarbon block in a basin off India's east coast, according to press reports. This deal, if it happens, will allow BP to start looking further afield for investment, says Atif Latif, trader at Guardian Stockbrokers.

Iran Oil Spill Pollutes Vast Patches Of Coast, Farmland - Report

Iran Oil Spill Pollutes Vast Patches Of Coast, Farmland - Report

Oil spill from a ruptured pipeline in Southwestern Iran is contaminating large areas of coastal waters and farmland, local officials were quoted as saying by an official agency Monday, the latest incident in an oil industry suffering from years of underinvestment.

Iran, Turkey Aim To Triple Trade To $30 Bln

Iran, Turkey Aim To Triple Trade To $30 Bln

Iran and Turkey plan to triple two-way annual trade to $30 billion by 2015, officials of the neighboring states said Monday ahead of a visit by Turkish President Abdullah Gul to the Islamic republic.

Brazils Petrobras Ends Talks To Buy Galp StakePBR

Brazil's Petrobras Ends Talks To Buy Galp Stake>PBR

Brazilian state-run oil company Brazilian state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, backed out of the bidding for a stake in Portugal's Galp Energia (GALP.LB), saying Monday that talks with Italy's Eni SpA (E, ENI.MI) had ended.

Wingas, E.ON Get 1st OK To Build Nord Stream Connection Pipeline

Wingas, E.ON Get 1st OK To Build Nord Stream Connection Pipeline

German natural gas companies Wingas GmbH and E.ON Ruhrgas have received the first of two required approvals to build a northern German gas pipeline project that aims to link the Baltic Sea transit pipeline Nord Stream to the German grid.

Egyptian Gas to Israel, Jordan May Halt for Two Weeks

Egyptian Gas to Israel, Jordan May Halt for Two Weeks

Egyptian natural gas exports to Israel and Jordan may be halted for as long as two weeks after an explosion damaged a pipeline in the Sinai Desert yesterday, Egyptian Oil Minister Sameh Fahmytold state television.

Mideast, Solar Deals Attractive for Ellaktor

Mideast, Solar Deals Attractive for Ellaktor

Ellaktor, Greece’s largest construction group, said on Wednesday that the Middle East is an ‘attractive and big’ market with the potential for many contracts, according to a presentation by the company. Key challenges ahead include the materialization of Ellaktor’s 2.6-billion-euro backlog and improving operating profit margins, it said

EU May Propose Binding Energy Saving Targets Next Year

EU May Propose Binding Energy Saving Targets Next Year

The European Commission may propose next year binding energy saving targets for 2020, if a review shows that the European Union plans are unlikely to see it reach the goal of being 20% more efficient by then, a draft document seen by Dow Jones Newswires showed Friday.

Iran Supreme Leader Calls For Islamic Regime In Egypt

Iran Supreme Leader Calls For Islamic Regime In Egypt

Iran's supreme leader Ayatollah Ali Khamenei Friday urged Egyptians to set up an Islamic regime in their country as he lashed out at Egyptian President Hosni Mubarak.