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Japans Amano Starts Work As New IAEA Chief

Japan's Amano Starts Work As New IAEA Chief

Japanese diplomat Yukiya Amano officially took over as the head of the United Nations' atomic watchdog here Tuesday, describing the current situation as "stormy" for the agency.

Iranian Minister Doesnt Expect OPEC To Agree Output Hike

Iranian Minister Doesn't Expect OPEC To Agree Output Hike

Iran, the second largest oil producer in the Organization of Petroleum Exporting Countries, said Tuesday it does not expect any decision to hike crude output at the cartel's meeting later this month.

KazMunaiGas EP 3Q Net Profit Down 27% On Lower Oil

KazMunaiGas EP 3Q Net Profit Down 27% On Lower Oil

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production, or KMG EP, (RDGZ.KZ) said Monday its third-quarter net profit declined 27% on the year to 51.81 billion tenge ($348.5 million), mainly due to lower oil prices, but pointed to an improvement in market conditions.

Iraqi Gas From Pearl May Supply Nabucco By 2014

Iraqi Gas From Pearl May Supply Nabucco By 2014

Northern Iraqi gas production from the Pearl Production Co. could be available in five years to feed into the Nabucco gas pipeline and supply Europe, Austrian oil company OMV AG (OMV.VI) said Friday.

Greece Eyes Involvement In Russian Oil, Gas Pipelines

Greece Eyes Involvement In Russian Oil, Gas Pipelines

Greece is seeking to become a European energy hub by securing gas and oil agreements with Russia, its deputy foreign minister told the RIA Novosti news agency Monday.

TNK-BP Plans First Crude Cargo From Kozmino In Mid

TNK-BP Plans First Crude Cargo From Kozmino In Mid

Anglo-Russian oil producer TNK-BP Ltd. expects to sell its first crude oil cargo at Russia's new oil port in Kozmino on the Pacific Coast in mid-January, the company's vice-president for sales and logistics Jonathan Kollek said Monday.

Russia Vows To Complete Iran Nuclear Plant Soon

Russia Vows To Complete Iran Nuclear Plant Soon

Russia intends to complete and launch the Bushehr nuclear reactor in southeastern Iran "without any further delay," Iran's government-controlled news network Press TV reports Monday, citing Russian Energy Minister Sergei Shmatko.

Rosneft Sees 2010 Output Growth Rate Higher Than 2009

Rosneft Sees 2010 Output Growth Rate Higher Than 2009

Russia's biggest oil producer OAO Rosneft (ROSN.RS) says production growth will be "materially" higher in 2010 than this year, due to new volumes from its Vankor field, the company's Chief Financial Officer Peter O'Brien said Monday.

Motor Oil and Mytilineos Team up in Gas Market

Motor Oil and Mytilineos Team up in Gas Market

Motor Oil Hellas, Greece’s second-biggest refiner, and Mytilineos Holdings have set up a joint company to import and sell natural gas in Greece and abroad.

US, Russia Will Miss Deadline For Nuclear Treaty

US, Russia Will Miss Deadline For Nuclear Treaty

The U.S. and Russia will fail to reach a deal on a key nuclear arms treaty before it expires early next month, the Interfax news agency reported Friday, citing a source familiar with the talks.

Russia Scraps Export Duty On East Siberia Oil Dec 1

Russia Scraps Export Duty On East Siberia Oil Dec 1

Russia's government has scrapped export duty for crude oil produced at 13 East Siberian fields starting Dec. 1, in a move designed to stimulate production and investment in the region, the government said on its Web site Friday.

EU Seeks Ambitious Verifying Of Pledged CO2 Cuts

EU Seeks Ambitious Verifying Of Pledged CO2 Cuts

The European Union will press for ambitious reporting and monitoring of nations' pledged cuts in their greenhouse gas emissions, a lead EU negotiator told Dow Jones Newswires this week.

IAEA Resolution Theatrical And Useless - Iran

IAEA Resolution Theatrical And Useless - Iran

Iran's foreign ministry Friday dismissed as "theatrical and useless" a United Nations atomic watchdog resolution that censured Iran over its nuclear program, state news agency IRNA reported.