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Eni Signs Initial Pact To Develop Iraqs Zubair Field

Eni Signs Initial Pact To Develop Iraq's Zubair Field

A consortium led by Italian energy giant Eni SpA (E) Monday signed an initial 20-year agreement with Iraq to develop the giant Zubair oilfield in southern Iraq, an Iraqi oil ministry official said.

RWE: Iran Not A Possible Nabucco Partner, Supplier

RWE: Iran Not A Possible Nabucco Partner, Supplier

RWE AG (RWE.XE) doesn't consider Iran as a potential seventh partner in the Nabucco pipeline consortium nor as a possible supplier of natural gas, a company spokesman said Monday.

Nuclear Power

Nuclear Power

German utility RWE has abandoned Bulgaria’s planned Belene nuclear power plant due to funding problems and Sofia will redesign the project in the next year to attract new investors, officials said yesterday.

Baskent Gas Sale

Baskent Gas Sale

Turkey will launch a tender to sell the state-run natural-gas distributor Baskent Dogalgaz, in the capital Ankara, toward the end of this year, Finance Minister Mehmet Simsek said at a conference yesterday.

Ukraine May Again Face Gas Payment Problem

Ukraine May Again Face Gas Payment Problem

Ukraine could again have problems paying for Russian gas, Prime Minister Vladimir Putin said Friday, raising the specter of new supply interruptions to Europe this winter.

Areva, Atomstroyexport, Westinghouse Confirm CEZ Bid

Areva, Atomstroyexport, Westinghouse Confirm CEZ Bid

France's Areva SA (ARVCY), Russia's Atomstroyexport ASE and U.S.-based Westinghouse Electric Company LLC Friday confirmed they are participating in a tender to build five nuclear reactors in Europe for Czech power company CEZ AS (BAACEZ.PR).

Gazprom To Up Gas Exports To Poland To 11Bcm/Yr-Source

Gazprom To Up Gas Exports To Poland To 11Bcm/Yr-Source

Russian gas major OAO Gazprom (GAZP.RS) will increase gas supplies to Poland to 11 billion cubic meters of gas, from 7 bcm last year, a person familiar with the matter said Friday.

Bulgaria Seeking New Investors For Nuclear Plant

Bulgaria Seeking New Investors For Nuclear Plant

Bulgaria is seeking new investors for its nuclear plant project in Belene following the withdrawal of German utility RWE AG (RWE.XE), Economy and Energy Minister Traicho Traikov said in an interview Friday.

Turkish Foreign Minister Arrives In Iraqs Kurdistan

Turkish Foreign Minister Arrives In Iraq's Kurdistan

Turkish Foreign Minister Ahmed Davutoglu arrived in the autonomous Kurdish region of Iraq Friday, as part of efforts to end a conflict with Kurdish rebels based across Turkey's southern border.

Turkey To Privatize Baskent Gas Distributor Yr End

Turkey To Privatize Baskent Gas Distributor Yr End

Turkey expects to start a tender process for the privatization of Ankara-based natural gas distributor Baskent Dogalgaz towards the end of this year, Finance Minister Mehmet Simsek said Friday, the Ihlas News Agency, or IHA, reports.

RWE Prepares Construction Of New Power Plant In Turkey

RWE Prepares Construction Of New Power Plant In Turkey

Germany's RWE AG (RWE.XE) and its Turkish joint venture partner Turcas have signed the construction agreement for the planned 775-megawatt combined cycle gas turbine plant in Denizli in the west of Turkey, RWE said Friday.

Iran Signs Draft Turkish Deal To Export Gas To Europe

Iran Signs Draft Turkish Deal To Export Gas To Europe

Tehran said Wednesday it had signed a memorandum of understanding with Ankara to export Iranian natural gas to Europe through Turkey, a news agency said, after Turkey vowed to support an Iranian bid to join the Nabucco pipeline.

Gazprom Could Adopt Changes To Long-term Export Contracts

Gazprom Could Adopt Changes To Long-term Export Contracts

Russian gas giant OAO Gazprom (GAZP.RS) doesn't rule out the possibility of altering its long-term export contracts, but will retain the take-or-pay principle, the company said Wednesday.

Russia Antitrust Opens Case Against Gazprom Over Pipe Access

Russia Antitrust Opens Case Against Gazprom Over Pipe Access

Russia's antimonopoly watchdog has opened a case against gas company OAO Gazprom (GAZP.RS) after a complaint from oil producer OAO Rosneft (ROSN.RS) that it didn't allow access to its gas pipeline system, the agency said Wednesday.