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Areva In Safety Systems Cooperation With Russias Rosatom

Areva In Safety Systems Cooperation With Russia's Rosatom

French nuclear engineering group Areva SA (CEI.FR) said Wednesday it plans to cooperate with Russian nuclear group Rosatom on safety instrumentation and control systems for the first four VVER-type reactors to be built in Russia.

Gazprom Eyes Role In Iran-Pakistan Pipeline

Gazprom Eyes Role In Iran-Pakistan Pipeline

Russian gas export monopoly Gazprom OAO (OGZPY) is keen to participate in a pipeline to carry Iranian gas to Pakistan, the Kommersant daily reported Wednesday, citing company and government officials.

Russia Gas Exports Fall By Half In January To April

Russia Gas Exports Fall By Half In January To April

Russian gas exports fell by 53% from January through April this year compared with the same period in 2008, Interfax news agency quoted the economic development ministry as saying Tuesday.

Libya, Ukraine Sign Nuclear Power Deal

Libya, Ukraine Sign Nuclear Power Deal

Libya and Ukraine have signed deals to cooperate in both peaceful civilian nuclear energy and in defense during a visit by Ukrainian Prime Minister Yulia Tymoshenko.

Iran To Issue Bonds To Fund South Pars Gas Field

Iran To Issue Bonds To Fund South Pars Gas Field

The Iranian government is to issue EUR1 billion worth of bonds to help fund the development of the South Pars gas field, the world's largest, Oil Minister Gholam-Hossein Nozari said Tuesday, Press TV reports on its Web site.

Gazprom To Invest RUB11.8B In Gas Pipe In 2009

Gazprom To Invest RUB11.8B In Gas Pipe In 2009

Russia's OAO Gazprom (GAZP.RS) plans to invest 11.8 billion rubles in the construction of a gas pipeline on the Kamchatka Peninsula in 2009, Gazprom said in a statement Tuesday.

Gazprom Neft Offers To Buy Out Sibir Minorities

Gazprom Neft Offers To Buy Out Sibir Minorities

Sibir Energy PLC (SBE.LN) Tuesday said Russia's OAO Gazprom Neft (SIBN.RS) had offered to buy out its minority shareholders in a deal that values the London-listed oil producer at GBP1.93 billion ($3 billion).

Gazprom: Ukraine Gas Payment Situation Very Serious

Gazprom: Ukraine Gas Payment Situation Very Serious

Russia's OAO Gazprom Tuesday said the situation relating to Ukrainian payments for natural gas in May is "very serious" in comments that echoed the cutoff in Russian energy supplies to Europe in January.

Lukoil Head To Visit Iraq For West Qurna-2 Oil Talks

Lukoil Head To Visit Iraq For West Qurna-2 Oil Talks

The head of Russia's largest independent oil producer Lukoil Holdings (LKOH.RS) said Tuesday he is due to visit Baghdad for talks on a contract to develop the West Qurna-2 oil field in southern Iraq, the RIA Novosti news agency reports.

France To Put Plans To G8 On Oil Price Stability

France To Put Plans To G8 On Oil Price Stability

France will submit plans to world leaders at the G8 summit in July to try to end oil price volatility, President Nicolas Sarkozy said Tuesday during a visit to the energy-rich United Arab Emirates.

Gazprom, Romgaz Plan Joint Gas Storage Venture

Gazprom, Romgaz Plan Joint Gas Storage Venture

Russian gas giant OAO Gazprom (GAZP.RS) and Romanian state company Romgaz are planning a joint venture to expand gas storage and generate electricity, Romania's Economy Minister Adriean Videanu said Tuesday.

Eni CEO Proposes New Energy Agency To Stabilize Oil Prices

Eni CEO Proposes New Energy Agency To Stabilize Oil Prices

Eni SpA (E) has urged the world's oil consumers and producers to set up a global energy agency to limit wide crude price swings that lead to "boom-and-bust" investment cycles, Chief Executive Paolo Scaroni said Monday.