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Some In Nabucco Group See Trouble In Iraq Supply Talk-Sources

Some In Nabucco Group See Trouble In Iraq Supply Talk-Sources

Παρ, 22 Οκτωβρίου 2010 - 18:53

The Nabucco consortium is facing growing "doubts" and "uncertainty" from some consortium members over how to secure reliable supplies for its planned EUR7.9 billion natural gas pipeline, particularly as the project increasingly targets conflict-riven Iraq as the principal supplier, said two people familiar with the situation.

PPC to Invest 2 bln Euros a Year to Cut CO2

PPC to Invest 2 bln Euros a Year to Cut CO2

Παρ, 22 Οκτωβρίου 2010 - 18:24

Power Power Corporation (PPC) will spend about 2 billion euros a year by 2015 to cut carbon emissions and will seek to expand into Southeast Europe as the Greek market becomes more ‘challenging,’ Arthouros Zervos, the power company’s chief executive, said yesterday. The target will be included in an updated business plan that will be presented early next year, Zervos said.

Turkey: Ambitions to Become a Gas Hub

Turkey: Ambitions to Become a Gas Hub

Παρ, 22 Οκτωβρίου 2010 - 17:08

Turkish state oil company TPAO won contracts to develop two gas fields in Iraq, aiding Ankara's ambitions to become an energy bridge between Europe and the Middle East. Turkey will invest some $3.2 billion to develop the Mansuriyah field near the Iranian border alongside Kuwait Energy Company and South Korea's Kogas, and the southern Siba field with Kuwait Energy, Turkey's energy minister said.

U.S. Offers $1.5 billion Aid for Biofuel Production

U.S. Offers $1.5 billion Aid for Biofuel Production

Παρ, 22 Οκτωβρίου 2010 - 14:54

The government is offering more than $1.5 billion in assistance, from field to filling station, to bring next-generation biofuels to market, Agriculture Secretary Tom Vilsack said on Thursday.

Vattenfall Enters EUR1B German Wind Farm Project

Vattenfall Enters EUR1B German Wind Farm Project

Πεμ, 21 Οκτωβρίου 2010 - 18:38

Swedish power company Vattenfall Group Thursday said it has entered a joint venture with Stadtwerke Munchen for the construction of an offshore wind farm in the North Sea.

Russia to Sell Rosneft Stock in $59 Billion Plan to Cut Deficit

Russia to Sell Rosneft Stock in $59 Billion Plan to Cut Deficit

Πεμ, 21 Οκτωβρίου 2010 - 18:36

Russia plans to sell as much as 15 percent ofOAO Rosneft, its biggest oil producer, as the government seeks to raise 1.8 trillion rubles ($59 billion) in asset sales in the next five years to help balance the budget.

E.ON Pulls Out Of UK CO2 Capture Competition

E.ON Pulls Out Of UK CO2 Capture Competition

Τετ, 20 Οκτωβρίου 2010 - 18:58

German utility E.ON AG (EOAN.XE) Wednesday said it won't proceed to the next stage of the U.K. government's competition to fund a commercial-scale carbon capture and storage project on a fossil fuel-fired power station, leaving an Iberdrola SA (IBE.MC)-led project as the only one remaining.

Marathon Acquires Position in Four Exploration Blocks in the Kurdistan Region of Iraq

Marathon Acquires Position in Four Exploration Blocks in the Kurdistan Region of Iraq

Τετ, 20 Οκτωβρίου 2010 - 18:58

Marathon Oil Corporation (NYSE: MRO) announced today that it has acquired a position in four exploration blocks in the KurdistanRegion of Iraq. The Company has signed production sharing contracts (PSCs) for operatorship and an 80 percent ownership in two open blocks northeast of Erbil - Harir and Safen.

Turkeys Deputy PM: Doubt Iran Sanctions Will Work

Turkey's Deputy PM: Doubt Iran Sanctions Will Work

Τετ, 20 Οκτωβρίου 2010 - 18:57

Turkey's Deputy Prime Minister Ali Babacan said Wednesday he doubts whether recent sanctions will resolve the international standoff over Iran's nuclear program, though noted "hesitation" among Turkish banks in doing business with the country.

Iran Has 30 Kg Of High Level Uranium - Atomic Chief

Iran Has 30 Kg Of High Level Uranium - Atomic Chief

Τετ, 20 Οκτωβρίου 2010 - 18:57

Iran said Wednesday it has produced around 30 kilograms of 20%-enriched uranium, in defiance of United Nations sanctions imposed on Tehran to suspend the contentious nuclear work.

Czech To Tax Photovoltaic Profits, CO2 Credits

Czech To Tax Photovoltaic Profits, CO2 Credits

Τετ, 20 Οκτωβρίου 2010 - 18:57

The Czech government agreed Wednesday on a new 26% tax on solar power generation profits, taxes and, at a later date, auctions of carbon emissions credits, and a hike in the fee to use public land for solar power generation, Prime Minister Petr Necas said at a press conference.

Iraq Lauds Natural Gas Auction After Awarding All Three Fields

Iraq Lauds Natural Gas Auction After Awarding All Three Fields

Τετ, 20 Οκτωβρίου 2010 - 18:56

The Iraq Oil Ministry Wednesday touted the results of its natural gas licensing round, after it named winning bidders for all three projects offered and garnered competitive contests for two of the three projects.