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ONGC Videsh May Bid For Halfaya Oil Field In Iraq

ONGC Videsh May Bid For Halfaya Oil Field In Iraq

A consortium comprising India's Oil & Natural Gas Corp. (500312.BY), Oil India Ltd. (533106.BY) and Turkish Petroleum Corp. is likely to bid for exploration the Halfaya oil field in Iraq, under the country's second round of licensing this week, the Press Trust of India reported Wednesday, citing sources.

Turkey Petrol Ofisi Begins Court Case Over TRY42.8M Fine

Turkey Petrol Ofisi Begins Court Case Over TRY42.8M Fine

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS) said Wednesday it has begun court proceedings over a 42.8 million Turkish lira ($28.5 million) fine imposed last December after an audit of its 2003 accounts, the Ihlas News Agency, or IHA, reported.

EDF To Lead French Consortium Bidding For UAE Contract

EDF To Lead French Consortium Bidding For UAE Contract

French state-controlled power giant Electricite de France (EDF.FR) is considering leading a consortium of French companies to bid for a nuclear contract in the United Arab Emirates, French business daily Les Echos reports Wednesday, without citing sources.

Turkish Prime Minister Balks At New Sanctions Against Iran

Turkish Prime Minister Balks At New Sanctions Against Iran

Turkish Prime Minister Recep Tayyip Erdogan balked at supporting new economic sanctions against Iran after a White House meeting with President Barack Obama Monday, arguing diplomacy aimed at ending Tehran's nuclear program needed more time.

BTC Oil Pipeline Scheduled To Pump 22.6M Barrels In Jan

BTC Oil Pipeline Scheduled To Pump 22.6M Barrels In Jan

The Baku-Tbilisi-Ceyhan oil pipeline is expected to pump 22.6 million barrels of crude oil in January, 4.75 million barrels less than the November program, a crude oil trader who received the loading program said.

Lithuania Invites Bids For New Nuclear Plant

Lithuania Invites Bids For New Nuclear Plant

Lithuania formally began the hunt Tuesday for investors to build and run a new nuclear power station in the Baltic state that would replace a crucial Soviet-era plant due to close within weeks.

Climate Center in Peloponnese

Climate Center in Peloponnese

The Academy of Athens, Greece’s most respected research institution, and the University of Stockholm in Sweden have signed an agreement to create a climate change observatory in the Peloponnese, it was revealed yesterday.

Energy Capital

Energy Capital

The European Union chose Slovenia’s capital Ljubljana as the headquarters of an energy agency that will help spur competition in the EU electricity and natural gas markets, highlighting growing Eastern demand for such rewards.

Uniting to Stop Climate Change

Uniting to Stop Climate Change

A climate change demonstrator protests in London on Saturday. Tens of thousands of protesters demonstrated ahead of the United Nations Climate Change Conference that starts today in Copenhagen.

Fiscal Solutions Lean On Crucial Residential Housing Industry

Fiscal Solutions Lean On Crucial Residential Housing Industry

The residential real estate market has experienced a milder recession in Greece than in other EU countries, such as the UK, Ireland or Spain, but it risks entering into a protracted downward cycle. The Greek economy cannot expect much of a boost from a key sector in the months ahead, increasing the likelihood it will shrink for a second consecutive year.

Measures to cut red tape in RES projects

Measures to cut red tape in RES projects

Environment and Energy Minister Tina Birbili announced yesterday new measures to reduce the bureaucratic procedures for the licensing of renewable energy source (RES) projects.