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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.

OPEC Jan Output Jumps On Iraq Revival, Saudi Boost

OPEC Jan Output Jumps On Iraq Revival, Saudi Boost

Production from the Organization of Petroleum Exporting Countries sharply rose in January, as buoyant Asian demand was largely met by a revival in Iraqi output and higher output from Saudi Arabia, according to a survey Friday by Dow Jones Newswires.

Decoding BPs Russian Power Struggle

Decoding BP's Russian Power Struggle

During the Cold War, the struggle to understand the opaque inner workings and power struggles of the Soviet government was a fully fledged field of academic study, known as Kremlinology.

South Africa Coal Export Limits Not On Table-Ministry

South Africa Coal Export Limits Not On Table-Ministry

The introduction of South African coal export limits isn't "on the table" right now, but how the country will secure future needs, coupled with strong export demand, is an issue that needs to be addressed, South Africa's Department of Mineral Resources said Friday.

Greece to Award Oil Search Licences

Greece to Award Oil Search Licences

Greece will invite bids by private operators to search for oil and natural gas in its west, aiming to cut its energy imports bill, an official told Reuters.

GDF Suez, International Power Complete Assets Merger

GDF Suez, International Power Complete Assets Merger

Power generators International Power PLC (IPR.LN) and GDF Suez SA (GSZ.FR) said the combination of assets around the globe completed Thursday, consolidating their position in the U.K. and U.S. while strengthening their business in fast-growing emerging markets.

Jordans Muslim Brotherhood, King Abdullah II To Meet Thurs

Jordan's Muslim Brotherhood, King Abdullah II To Meet Thurs

Jordan's King Abdullah II will meet later Thursday with members of the country's Muslim Brotherhood, the first such meeting in nearly a decade, according to a prominent member of the Islamist movement.

Shell Delays Plan To Drill Offshore Alaska

Shell Delays Plan To Drill Offshore Alaska

Royal Dutch Shell PLC said it is postponing a controversial plan to drill for oil in the arctic waters off Alaska's shores by a year, after failing to win the necessary permits from U.S. regulators.

Petrobras To Raise Up To $40B To Develop Pre-Salt Fields

Petrobras To Raise Up To $40B To Develop Pre-Salt Fields

Brazil's state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, plans to raise as much as $40 billion in debt by 2014 as it prepares to develop "pre-salt" oil fields, the Financial Times reported, citing Chief Executive Jose Sergio Gabrielli.

Lukoil Likely To Bid For Uganda Oil Exploration License-Executive

Lukoil Likely To Bid For Uganda Oil Exploration License-Executive

Russia-based integrated oil and gas company Lukoil Holdings (LUKOY) is likely to bid for an exploration license in Uganda when the country opens a licensing round later this year, a company executive told Dow Jones Newswires Thursday.

Azerbaijan to Sell Gas Direct to Greece

Azerbaijan to Sell Gas Direct to Greece

Azerbaijan plans to sell 700 mln cubic metres (bcm) of gas per year directly to Greece, bypassing Turkish intermediaries, the Azeri energy minister said on Wednesday.

BP Ordered To Fix Safety Lapses On North Sea Rigs

BP Ordered To Fix Safety Lapses On North Sea Rigs

The safety regulator of the U.K. offshore oil and gas industry has ordered BP PLC (BP) to fix significant safety lapses on three North Sea rigs, according to documents posted on the regulator's web site Wednesday.