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Venezuela Pres Chavez Wants Union With Ally Belarus

Venezuela Pres Chavez Wants Union With Ally Belarus

Venezuelan President Hugo Chavez Wednesday boasted of his country's good ties with fellow U.S. foe Belarus, even suggesting the two countries could become part of a Soviet-style union.

EBRD Approves Loan To Lukoil To Modernize Power Station

EBRD Approves Loan To Lukoil To Modernize Power Station

The European Bank for Reconstruction and Development's board of governors has approved a loan to Russia's largest private oil producer OAO Lukoil (LKOH.RS), an EBRD spokesman said Wednesday.

Gazprom To Increase Investments In Far East By 49% Next Year

Gazprom To Increase Investments In Far East By 49% Next Year

Russian state-controlled gas firm OAO Gazprom (GAZP.RS) said Tuesday it will increase spending in eastern Russia by 49% next year to 100 billion rubles ($3.18 billion) next year from RUB67 billion this year.

Iraq May Delay Shell Gas Deal Until 10 -

Iraq May Delay Shell Gas Deal Until '10 -

A multibillion dollar deal between Royal Dutch Shell PLC (RDSA) and the Iraqi government to jointly develop domestic gas infrastructure in Iraq's south could be delayed until after the country's elections in January, a senior Iraqi oil official said Tuesday.

Italian Prosecutors Probe Eni On Bribery In Nigeria

Italian Prosecutors Probe Eni On Bribery In Nigeria

Italian prosecutors have launched an investigation into the country's energy company, Eni SpA (E), over alleged bribery in Nigeria and have requested the suspension of contracts between Eni and Nigerian National Petroleum Corporation, reports La Repubblica in its Tuesday Internet edition.

GDF Suez Signs MOU With Eletrobras, Eletronuclear

GDF Suez Signs MOU With Eletrobras, Eletronuclear

French utility GDF Suez (GSZ.FR) has signed a cooperation agreement with Brazilian power companies Eletrobras (LIPR3.BR) and Eletronuclear to exchange information and develop Brazil's nuclear power sector, the French company said in a statement Monday.

Ukraine To Stop Pumping Russian Gas Into Storage Tanks

Ukraine To Stop Pumping Russian Gas Into Storage Tanks

Ukraine is ready to stop pumping Russian natural gas into its underground storage facilities because a sufficient amount of gas has already been pumped, Prime Minister Yulia Tymoshenko said Monday, Russia news agency RIA Novosti reports.

Total, Lukoil In Talks To Develop Foreign Projects

Total, Lukoil In Talks To Develop Foreign Projects

French oil major Total SA (TOT) and Russia's biggest private oil producer Lukoil Holdings (LKOH.RS) are considering joint exploration projects in Kazakhstan, Colombia and western Africa, Lukoil said Monday.

Chavez Urges Turkmenistan To Join Natural Gas Cartel

Chavez Urges Turkmenistan To Join Natural Gas Cartel

Venezuela's President Hugo Chavez on Monday urged energy-rich Turkmenistan to join a fledgling gas forum of natural gas exporters that has drawn comparisons with the Organization of Petroleum Exporting Countries.