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Turkey Foreign Min Welcomes Azerbaijan, Armenia Talks

Turkey Foreign Min Welcomes Azerbaijan, Armenia Talks

Turkey's foreign minister said Friday he was pleased about the progress the presidents of Armenia and Azerbaijan made during discussions aimed at resolving their long-standing dispute over the Nagorno-Karabakh region, Turkish newspaper Hurriyet reports on its Web site.

Armenia, Turkey Agree To Work Toward Better Relations

Armenia, Turkey Agree To Work Toward Better Relations

The presidents of Armenia and Turkey have agreed to try to rebuild relations within a reasonable timeframe, Russian news agency RIA Novosti reports Friday, citing the Armenian leader's office.

OMV CEO: Targets Production Increase In 2009

OMV CEO: Targets Production Increase In 2009

Austrian oil and gas company OMV AG expects to grow production volume in 2009, mainly through new fields in Kazakhstan and New Zealand, its chief executive said Friday.

EU,Turkey To Work For Accord On Nabucco By June

EU,Turkey To Work For Accord On Nabucco By June

The European Union and Turkey aim to sign an agreement on the transit of gas from central Asia by June, in a move aimed at easing the way for the EUR7.9 billion Nabucco pipeline, a draft of the conclusions to be adopted at a summit Friday shows.

Turkey: UN Report On Kirkuk Broadly Compatible

Turkey: UN Report On Kirkuk Broadly Compatible

A U.N. report on the status of a number of disputed Iraqi areas, including the oil-rich Kirkuk province, is broadly compatible with the Turkish government's views, daily Hurriyet reports on its Web site Thursday.

Bulgaria Seeks Financing For New Nuclear Plant

Bulgaria Seeks Financing For New Nuclear Plant

Bulgaria is counting on loans from Russia, Germany and France to build a new EUR4-billion nuclear power plant on the Danube, Deputy Economy and Energy Minister Yavor Kuyumdjiev said Thursday.

Iraq To Ask Cos To Develop Baghdad Oil Field

Iraq To Ask Cos To Develop Baghdad Oil Field

Iraq is expected to invite certain international companies to compete for developing the southern portion of East Baghdad oil field near the Iraqi capital, a senior Iraqi oil official said Thursday.

Former TNK-BP Employee Convicted For Spying On Gazprom

Former TNK-BP Employee Convicted For Spying On Gazprom

A former employee of U.K. oil major BP PLC's (BP) Russian joint venture has been convicted for attempting to steal "commercial secrets" from gas giant OAO Gazprom (GAZP.RS), Russian authorities said Thursday.

Edison Sees About EUR1B Turkey, Greece,Balkans Invest

Edison Sees About EUR1B Turkey, Greece,Balkans Invest

Edison SpA (EDN.MI), a leading Italian energy company, plans about EUR1 billion of investment in Turkey, Greece and the Balkans through 2014 as part of its plan to expand in the southeastern Mediterranean area.

French Govt Asks EDF To Support French EPR Bid In UAE

French Govt Asks EDF To Support French EPR Bid In UAE

The French government has asked Electricite de France SA (EDF.FR) to support a consortium led by Areva SA (CEI.FR) in its bid to build a nuclear reactor in the United Arab Emirate of Abu Dhabi, Les Echos reports Wednesday, citing an unidentified source.

Iberdrola Unit Wins EUR330M Contract To Build Lithuania Plant

Iberdrola Unit Wins EUR330M Contract To Build Lithuania Plant

Iberdrola Ingenieria, a unit of Spanish electricity company Iberdrola SA (IBE.MC), said Wednesday it has been awarded a contract worth about EUR330 million to build a 440-megawatt combined cycle plant in Lithuania.

Algeria Oil Min Sees No OPEC Cut If Price,Econ Keep Momentum

Algeria Oil Min Sees No OPEC Cut If Price,Econ Keep Momentum

Algerian Energy Minister Chakib Khelil said Wednesday the Organization of Petroleum Exporting Countries is unlikely to cut its output when it meets May 28 if oil prices maintain their rise and the economy its signs of recovery.