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Poland, Russia Agree Wording Of Gas Accord - Ministry

Poland, Russia Agree Wording Of Gas Accord - Ministry

Poland and Russia have agreed on the wording of a long-awaited new natural gas supply deal, with signing now dependent on the two country's pipeline operators working out the detail of a contract of their own, a Polish Economy Ministry spokeswoman said Monday.

Enel Pitches Green Unit Dividend, Power, Country Mix, In IPO

Enel Pitches Green Unit Dividend, Power, Country Mix, In IPO

Enel SpA's (ENEL) chief executive Monday said he expects investors to snap up shares in the multibillion-euro initial public offering of its renewables unit thanks to its promised high dividend, good production and geographical mix, despite the sector having lost its shine.

Terna To Sell EUR670M Solar Unit To Terra Firma Fund

Terna To Sell EUR670M Solar Unit To Terra Firma Fund

Italian power grid operator Terna SpA (TRN.MI) said Monday its board has approved the sale of its solar-energy unit to an investment fund controlled by Terra Firma Capital Partners.

Boeing To Test Commercial-Jet Biofuel In China By Mid-2011

Boeing To Test Commercial-Jet Biofuel In China By Mid-2011

Boeing Co. (BA), in cooperation with Air China Ltd. (AIRYY, 0753.HK) and others, plans to test a commercial-jet biofuel in China produced from a locally grown plant by the middle of 2011-part of an effort to commercialize cleaner fuels world-wide and bolster China's potential as a biofuel provider.

Iraq To Up Basra Export Capacity To 4.5M B/D - Deputy Oil Minister

Iraq To Up Basra Export Capacity To 4.5M B/D - Deputy Oil Minister

Iraq has allocated $1.4 billion to build four floating oil export terminals and three sea pipelines in the southern oil hub of Basra in order to raise export capacity to 4.5 million barrels a day, the country's deputy oil minister said Monday.

BP To Up Iraq Rumaila Field Output By 100,000 B/D

BP To Up Iraq Rumaila Field Output By 100,000 B/D

U.K. oil major BP PLC (BP), along with its partner China National Petroleum Corp., plans to raise output from Iraq's supergiant Rumaila oil field by 100,000 barrels a day in November, Iraq's deputy oil minister said Monday.

India Seeks Bids For 34 Oil, Gas Exploration Blocks

India Seeks Bids For 34 Oil, Gas Exploration Blocks

India Friday launched its ninth round of oil and gas field auctions with a hope that recent easing of state control over pricing of gasoline and natural gas and the global economic recovery will help it attract more foreign companies to explore its vastly unexploited sedimentary basin.

Iran Welcomes New Nuclear Talks Offer

Iran Welcomes New Nuclear Talks Offer

Iran's Foreign Minister Manouchehr Mottaki on Friday said that a new offer to resume nuclear talks with world powers was "good news."

Russia To Build Venezuelas First Nuclear Plant: Accord

Russia To Build Venezuela's First Nuclear Plant: Accord

Russia and Venezuela signed on Friday an agreement during a visit by President Hugo Chavez to Moscow for Russia to build and operate Venezuela's first nuclear power plant, television pictures showed.

OPEC Secy Gen: Iraq Quota Wont Be Discussed For Few Years

OPEC Secy Gen: Iraq Quota Won't Be Discussed For Few Years

The Organization of Petroleum Exporting Countries won't need to discuss Iraq's quota for years, its Secretary General Abdalla Salem el-Badri said Friday, despite the country dramatically upgrading its reserves recently.

Gazprom Warns EU it Could Turn to China

Gazprom Warns EU it Could Turn to China

Gazprom warned the European Union yesterday (14 October) that proceeding with reforms of the bloc's gas industry would herald the end of stable supplies, as the Russian energy giant would send more gas to Asia.

Gazprom, Bulgaria to Sign South Stream Feasibility Study Deal Next Week

Gazprom, Bulgaria to Sign South Stream Feasibility Study Deal Next Week

Russia's state-controlled gas export monopoly Gazprom will sign an agreement with Bulgaria on a feasibility study of the Bulgarian part of the South Stream pipeline, Bulgarian news agency BGNES quoted Gazprom CEO Alexei Miller as saying on Friday following talks with the Bulgarian government.

Enels Green IPO Values Unit at as Much as $14.8 Billion

Enel's Green IPO Values Unit at as Much as $14.8 Billion

Enel SpAhas valued its renewable energy unit at as much as 10.5 billion euros ($14.8 billion) as it prepares Europe’s largest initial public offering since 2007 to pay down debt.

Iran May Increase Oil Reserves Again

Iran May Increase Oil Reserves Again

Iran may increase oil reserves again and sees international sanctions as an opportunity for local companies, the country's oil minister said Thursday.