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Obama Nuclear Summit To Focus On Weapons Grade Threats

Obama Nuclear Summit To Focus On Weapons Grade Threats

President Barack Obama's nuclear security summit next week will target the "gravest danger to America" -- plutonium and uranium stocks which extremists could use for full-scale nuclear bombs, officials said Friday.

Energy Minister: Nationalisation of Power Utilities Will Not Prove Beneficial

Energy Minister: Nationalisation of Power Utilities Will Not Prove Beneficial

Nationalisation of the three power distribution companies in Bulgaria, owned by Austria's EVN, Czech CEZ and Germany's E.ON, was not a priority for the state and would not reap any dividend, Economy and Energy Minister Traicho Traikov told private national Nova Televisia on April 9 2010.

Carbon Cap Would Deny Iran Precious Petrodollars: Over $100 Million A Day

Carbon Cap Would Deny Iran Precious Petrodollars: Over $100 Million A Day

A strong cap on carbon would significantly cut the flow of petrodollars to Iran’s hostile regime, a Wonk Room analysis shows. The economic and political strength of Iran’s dictatorship is a threat to the national security of the United States and the world, and its nuclear ambitions threaten to destabilize the Middle East.

Greek Stocks, Bonds Rally on $61 Billion EU Aid Plan

Greek Stocks, Bonds Rally on $61 Billion EU Aid Plan

Greek stocks and bonds rallied and the euro gained after European governments offered the debt- plagued nation a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates.

Euro Zone Readies 30bn Euros to Rescue Greece

Euro Zone Readies 30bn Euros to Rescue Greece

Eurozone finance ministers approved a giant 30-billion-euro emergency aid mechanism for debt-plagued Greece on Sunday (11 April) but stressed Athens had not requested the plan be activated yet.

GDF Suez To Acquire 9% In Nord Stream In Weeks - CEO

GDF Suez To Acquire 9% In Nord Stream In Weeks - CEO

French energy company GDF Suez SA's (GSZ.FR) chief executive said Friday the company will acquire a 9% stake in the Nord Stream AG consortium "within the coming weeks."

Gazprom: First Phase Of Nord Stream Gas Contracted Or Agreed

Gazprom: First Phase Of Nord Stream Gas Contracted Or Agreed

OAO Gazprom's (GAZP.RS) deputy chief executive Friday said the entire volume of the Nord Stream AG natural gas pipeline project's first phase, or 27.5 billion cubic meters, has either been contracted or agreed with European companies.

Areva Signs Three Nuclear Pacts In Italy

Areva Signs Three Nuclear Pacts In Italy

French state-controlled nuclear group Areva (CEI.FR) Friday said it has signed several deals with Italian companies and universities to develop nuclear projects in Italy. This announcement was made on the sidelines of a Franco-Italian summit in Paris.

Gazprom Starts Construction on Nord Stream Gas Pipeline

Gazprom Starts Construction on Nord Stream Gas Pipeline

Russian energy monopoly Gazprom on Friday officially started the construction of Nord Stream, a pipeline to pump natural gas from Russia to Europe under the Baltic Sea. The first symbolic weld was made in the presence of Russian President Dmitry Medvedev, Gazprom CEO Alexei Miller, and Nord Stream board director Gerhard Schroeder.

France Takes Carbon Tariff Campaign to Washington

France Takes Carbon Tariff Campaign to Washington

France will seek an agreement with the US on a carbon border tax and is convinced that other EU states will come on board if Washington supports it, according to French Environment Minister Jean-Louis Borloo. EurActiv France reports.

Angola To Invest $50.6 Bln In Oil And Gas - I-Net

Angola To Invest $50.6 Bln In Oil And Gas - I-Net

Angola, expecting its oil production to rise to 2.2 million barrels a day by next year, is investing $50.6 billion in upstream and downstream projects between now and 2013. Just over two thirds of the money will come from foreign investors.

Eyes On OPEC With Oil Above $70-$80 Range

Eyes On OPEC With Oil Above $70-$80 Range

Crude oil prices continue to hold 17-month highs and exceed OPEC's comfort zone, raising expectations that the group soon may push more oil into the market. Shokri Ghanem, Libya's top oil official, told Zaywa Dow Jones said he expects crude to hit $90 a barrel--at least temporarily--as early as next week, as economic recovery increases demand and trims inventories.

Enel, Renault To Sign Electricity Deal For Cars

Enel, Renault To Sign Electricity Deal For Cars

Italy's Enel SpA (ENEL.MI) and France's Renault SA (RNO.FR) will sign a deal Friday for the supply of electricity to power cars, a person familiar with the matter said Thursday. The accord will be announced Friday as part of the Italy-France summit scheduled in Paris, the person said.

Brazils Petrobras To Expand Angola Exploration

Brazil's Petrobras To Expand Angola Exploration

Brazilian state-run energy giant Petroleo Brasileiro SA (PBR), or Petrobras, plans to expand its exploration activities in Angola, reported state news agency Angola Press.