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Russia Hydropower Accident Blamed On Safety Failures

Russia Hydropower Accident Blamed On Safety Failures

Russia's industrial safety watchdog, Rostekhbadzor, said Monday that last month's accident at a Siberian hydroelectric power station was caused by failures in safety and working procedures, Russian news agency RIA Novosti reports on its Web site.

Gazprom: GDF Suez To Take 9% Stake In Nord Stream By October

Gazprom: GDF Suez To Take 9% Stake In Nord Stream By October

French energy company GDF Suez SA (GSZ.FR) will become a shareholder in the OAO Gazprom (GAZP.RS)-led Nord Stream gas pipeline project by October, Gazprom's Deputy Chief Executive Alexander Medvedev said Monday.

Iran, World Powers To Talk On October 1

Iran, World Powers To Talk On October 1

Iran and six world powers have agreed to hold talks on the Islamic republic's latest package of proposals concerning its nuclear programme Oct. 1, both sides said Monday.

Russias Putin Wants To Repeat Opel-Style Deals

Russia's Putin Wants To Repeat Opel-Style Deals

Russian Prime Minister Vladimir Putin wants his country's engagement in the rescue of automaker Adam Opel GmbH to be the first of many large-scale cooperation projects with Europe, the newspaper Handelsblatt reported Monday.

Russia Pays $1B For Oil Exploration In Venezuela

Russia Pays $1B For Oil Exploration In Venezuela

A Russian consortium has paid $1 billion to Venezuela to assure participation in exploiting the Orinoco oil fields, among the world's largest, officials said Sunday.

Poland May Ask For EU Help In Gas Talks With Russia

Poland May Ask For EU Help In Gas Talks With Russia

The Polish government may ask the European Commission to help negotiate additional natural gas deliveries with Russia, Polish daily Rzeczpospolita reported Monday.

Russian Delegation Comes to Sofia Over Energy Projects, at Sept 17

Russian Delegation Comes to Sofia Over Energy Projects, at Sept 17

A high-ranking Russian delegation is going to arrive in Sofia for discussions of the three large-scale joint Bulgarian-Russian energy projects. The delegation will include Energy Minister, Sergey Shmatko, and the head of the state-owned nuclear energy corporation Rossatom, Sergei Kiriyenko, the Bulgarian National Television reported

Banks NordStream Loan Pitches Due Early Oct

Banks' NordStream Loan Pitches Due Early Oct

Banks have been given until early October to submit their proposals to participate in the EUR3.9 billion financing for the Nord Stream gas pipeline project out of Russia, said people familiar with the situation Friday.

Russias Medvedev Heads To Energy-rich Caspian Region

Russia's Medvedev Heads To Energy-rich Caspian Region

Russian President Dmitry Medvedev met his counterpart from Kazakhstan on Friday ahead of a tour of the Caspian Sea region, with the fate of its rich gas reserves high on Moscow's agenda.

Russian, Turkmenistan Leaders Plan Gas Talks Sun;Pact Unlikely

Russian, Turkmenistan Leaders Plan Gas Talks Sun;Pact Unlikely

Russian President Dmitry Medvedev will visit Turkmenistan Sunday to mend fences after a blast virtually halted gas supplies from the reclusive Central Asian state but the talks are unlikely to bring a breakthrough, analysts said.

French Government: Iran Has Not Answered Nuclear Questions

French Government: Iran Has Not Answered Nuclear Questions

Iran has not responded to requests for talks on its nuclear program, France said Friday in a statement calling for Tehran to attend a multilateral meeting before the U.N. General Assembly.

Iraq Asked Nippon For Revised Nassiriyah Oil Bid

Iraq Asked Nippon For Revised Nassiriyah Oil Bid

Iraq has asked Japan’s Nippon Oil Corp. (5001.TO) to submit a revised offer to develop the Nassiriyah oil field in southern Iraq, a step seen as the last before signing an $8 billion to $10 billion contract.

IEA Oil Demand Forecast Rises On Stronger Recovery

IEA Oil Demand Forecast Rises On Stronger Recovery

The International Energy Agency Thursday revised up its forecast for world oil demand for the third consecutive month, citing stronger-than-expected economic growth in developing Asian economies and North America.