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Iraqi VP To Discuss Total Oil Field Deal In Paris

Iraqi VP To Discuss Total Oil Field Deal In Paris

Iraqi Vice President Adel Abdel Mahdi will meet executives from the French energy giant Total SA (TOT) to discuss a multi-billion dollar oil deal during a working visit to France, he said Tuesday.

Iran OPEC Head:Current Oil Output Levels Support Mkt

Iran OPEC Head:Current Oil Output Levels Support Mkt

Iran's OPEC governor said Tuesday the organization's current crude oil production levels "support the market" due to members' high compliance but changes in the global economic outlook may warrant further group action.

German Grid Regulator OKs Around EUR415M In Pwr Grid Invest

German Grid Regulator OKs Around EUR415M In Pwr Grid Invest

Germany's network regulator, the Bundesnetzagentur, Tuesday said it has approved investment budgets of around EUR415 million that will allow the affected grid operators to expand their power networks.

Iran OPEC Head: Cut Possible If Demand Keeps Falling

Iran OPEC Head: Cut Possible If Demand Keeps Falling

Iran's governor to the Organization of Petroleum Exporting Countries, or OPEC, said that further declines in crude oil demand could warrant an output cut at the organization's next meeting, the daily Hamshahri paper reports Monday.

Transneft, Rosneft Agree On Oil Deliveries To China

Transneft, Rosneft Agree On Oil Deliveries To China

Russia's largest oil producer OAO Rosneft (ROSN.RS) has signed an agreement with state-controlled pipeline operator OAO Transneft (TRNFP.RS) to deliver oil to China, Interfax news agency reported Monday, citing a statement from Transneft.

Moscow Wont Sell Stake In Sibir Energy To TNK-BP

Moscow Won't Sell Stake In Sibir Energy To TNK-BP

City of Moscow, a shareholder in Sibir Energy PLC (SBE.LN), doesn't intend to sell its 18% stake in the London-listed oil producer to Anglo-Russian oil major TNK-BP Ltd., the Kommersant daily reported Monday citing a Moscow deputy mayor.

Russias Lukoil To Send Team To Iraq For Talks

Russia's Lukoil To Send Team To Iraq For Talks

A delegation from Russia's Lukoil Holdings (LKOH.RS) will soon visit Iraq to discuss reactivating a multibillion-dollar exploration contract, Iraqi Prime Minister Nuri al-Maliki said in an interview published Monday.

Iran Favors Oil Price Of $75 To $80

Iran Favors Oil Price Of $75 To $80

Iran, OPEC's second largest crude producer, said Sunday that it favors a global oil price of between $75 and $80 a barrel, the state television web site quoted the oil minister as saying.

Iran To Import Iraqs Oil; Export Kerosene, Gasoil

Iran To Import Iraq's Oil; Export Kerosene, Gasoil

Iran and Iraq have agreed for Iran to import 200,000 barrels of crude oil per day from Iraq and in exchange export 1.5 million tons of kerosene and 500,000 tons of gasoil to Iraq, the Moj News Agency reports Sunday, citing Iran's National Oil Refining and Distribution Co. chief.

Hellenic Petrol to shut refinery for maintenance

Hellenic Petrol to shut refinery for maintenance

Hellenic Petroleum SA plans to shut the largest of its three oil refineries in Greece later this year for maintenance, cutting supplies ahead of peak winter demand for heating fuels. Maintenance at the Aspropyrgos refinery will begin in early September, Evangelos Stranis, a company spokesman, said in a telephone interview on April 7.