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Iran Says It Will Send 2 Warships Through Suez Canal: PRESS TV

Iran Says It Will Send 2 Warships Through Suez Canal: PRESS TV

Two Iranian warships are on their way to pass through the Suez Canal and the Iranian government is in contact with Egyptian officials to arrange passage, Iran's Press TV reported Thursday on its website, citing an unidentified Iranian naval official.

Iraq Exports 2.163 Million B/D Of Oil In Feb -SOMO Chief

Iraq Exports 2.163 Million B/D Of Oil In Feb -SOMO Chief

Iraq has exported 2.163 million barrels a day of crude oil this month to Feb. 17, the same rate as the previous month, head of the state oil marketing company, or SOMO, said Thursday.

Russias Gazprom, Slovenia to Create South Stream Gas Pipe JV in March 2011

Russia's Gazprom, Slovenia to Create South Stream Gas Pipe JV in March 2011

Russia's gas giant Gazprom plans to establish a joint venture with Slovenia's gas transport company Geoplin Plinovodi in March 2011 to oversee construction of the Slovenian part of the South Stream pipeline project intended to bring Russian gas to Europe across the Black Sea, Igor Schyogolev, co-chairman of the Russian-Slovenian intergovernmental commission, said on Wednesday.

EdF Has Until Feb 20 To Submit Final Bid For Polish Enea -Report

EdF Has Until Feb 20 To Submit Final Bid For Polish Enea -Report

Electricite de France SA (EDF.FR) has until Feb. 20 to submit a final offer for the Polish Treasury Ministry's 51% stake in Polish utility Enea SA (ENA.WA), daily Dziennik Gazeta Prawna reports Tuesday, citing an unnamed source.

Cnooc To Spend CNY350 Bln On Exploration Next 5 Years -Report

Cnooc To Spend CNY350 Bln On Exploration Next 5 Years -Report

China National Offshore Oil Corp. will spend CNY350 billion ($53 billion) on oil and gas exploration in China over the next five years, state television reported Tuesday, without citing a source.

Iraq To Hold New Oil, Gas Exploration Bid Round 4Q

Iraq To Hold New Oil, Gas Exploration Bid Round 4Q

The Iraqi government plans to hold a new oil and gas licensing auction later this year as it seeks a major push to increase oil output and to capture natural gas for electricity generation, a senior Iraqi oil official said.

Exxon Mobil Corporation Announces 2010 Reserves Replacement

Exxon Mobil Corporation Announces 2010 Reserves Replacement

Exxon Mobil Corporation announced today that additions to its proved reserves in 2010 totaled 3.5 billion oil-equivalent barrels, replacing 209 percent of production. Excluding the impact of asset sales, reserves additions replaced 211 percent of production.

Siemens To Invest Millions Of Dollars In Saudi Arabia

Siemens To Invest Millions Of Dollars In Saudi Arabia

German industrial conglomerate Siemens AG (SI) said Tuesday it plans to invest hundreds of millions of dollars in building a gas turbine manufacturing and repair facility in Saudi Arabia.

Noble Energy $750 Mln 30-Year Bond On Tap

Noble Energy $750 Mln 30-Year Bond On Tap

Noble Energy Inc. (NBL) said Tuesday it would be offering a new 30-year bond. The $750 million senior unsecured issue is expected to be sold later this session via active bookrunners Barclays and Bank of America Merrill Lynch (BAC). It will include a make-whole call option, with final maturity slated for March 1, 2041.

Chinas Coal Imports Set Records in Month, Year

Chinas Coal Imports Set Records in Month, Year

China's coal imports hit a record 17.3mn metric tonnes in December, up 25pc from November on higher volumes from Vietnam, Australia and Indonesia.

Azerbaijan Looks to Double Gas Output

Azerbaijan Looks to Double Gas Output

Azerbaijan may double its current gas output to up to 52 billion cubic metres by 2020 after finding a major new gas deposit last year, Deputy Energy Minister Natik Abbasov was reported as saying today.

Iran And Turkey Determined To Strengthen Ties - Ahmadinejad

Iran And Turkey Determined To Strengthen Ties - Ahmadinejad

Iran and Turkey are determined to boost their political and economic ties, Iranian President Mahmoud Ahmadinejad told a joint press conference Monday with his visiting Turkish counterpart, Abdullah Gul.

Rosneft Discovers Two New Oil Fields In Siberia

Rosneft Discovers Two New Oil Fields In Siberia

Russian oil producer OAO Rosneft (ROSN.RS) has discovered two new oil and gas fields in Siberia with recoverable reserves of around 80 million metric tons each, the company said Monday.

Iraq To Sign Akkas Gas Field Deal Feb 22-24

Iraq To Sign Akkas Gas Field Deal Feb 22-24

Iraq expects to sign an agreement for the Akkas natural gas field next week after clearing some demands that led to the deal being postponed at the last minute in November, a senior Iraqi Oil Ministry official said Monday.