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IEA More Optimistic On 2010 World Oil Demand

IEA More Optimistic On 2010 World Oil Demand

The International Energy Agency Friday slightly revised up its 2010 world oil demand forecast but cautioned that consumer and industrial appetite for petrol this year remains feeble as recessionary effects linger.

EU To Propose New Rules On Gas Security As Crisis Looms

EU To Propose New Rules On Gas Security As Crisis Looms

BRUSSELS (Dow Jones)--The European Commission will Thursday propose new rules to increase the European Union's preparedness for natural gas shortages, as a potential new crisis between Ukraine and Russia risks affecting European supplies in the winter.

Turkey Expects 60% Of Nabucco Tax Revenues - Official

Turkey Expects 60% Of Nabucco Tax Revenues - Official

ANKARA (AFP)--Turkey expects to receive 60% of tax revenues from Europe's flagship Nabucco gas pipeline under a key agreement to be signed next week on the planned project, a foreign ministry official said Friday.

Iraq Seeking Japan Invest For New Reconstruction Phase -Kyodo

Iraq Seeking Japan Invest For New Reconstruction Phase -Kyodo

TOKYO (Dow Jones)--The Iraqi government on Friday called for more assistance from Japan in the areas of trade and investment as Iraq has entered a new phase of reconstruction, while praising Japan's involvement in global efforts to rebuild the war-torn country, Kyodo News reported Japanese officials as saying.

Iran Protests At Italian Statement of G8 Summit

Iran Protests At Italian Statement of G8 Summit

LONDON (Dow Jones)--Iran has summoned the Italian ambassador to Tehran to protest against what it called the "violent suppression" of protests at the Group of Eight leading nations meeting in L'Aquila, Italy, Iranian state-funded PressTV reports on its Web site Friday.

Lukoil Says Still Interested In 2nd Iraq Oilfield Round

Lukoil Says Still Interested In 2nd Iraq Oilfield Round

DUBAI(Zawya Dow Jones)--Russia's OAO Lukoil Holding (LUKOY) is still interested in the second licensing round to award long-term development contracts for Iraq's untapped oil and gas fields and is prepared to change its conditions, a spokesman for the company said Thursday.

Khamenei Aide Blasts UK, France Over

Khamenei Aide Blasts UK, France Over

TEHRAN (AFP)--A top aide to Iran's supreme leader Ayatollah Ali Khamenei said Thursday that the U.K. and France were "worse" than the U.S. when it comes to interfering in Iran's internal issues.

Centrica: UK Needs Long-Term LNG Supply Contracts

Centrica: UK Needs Long-Term LNG Supply Contracts

The U.K. energy market must move away from its reliance on spot liquefied natural gas cargoes and negotiate long-term supply contracts to maintain future security of supply, a senior executive at Centrica PLC said Thursday.

EDF CEO: Co May Strengthen Mining Ties With Areva - Report

EDF CEO: Co May Strengthen Mining Ties With Areva - Report

PARIS (Dow Jones)--Utility Electricite de France SA (EDF.FR) may strengthen its partnership with nuclear group Areva SA (CEI.FR) in uranium mining, Chief Executive Pierre Gadonneix tells La Tribune newspaper in an interview published Thursday.

French CGT Union: GDF Suezs Gas Mkt Offer Is «Capitulation»

French CGT Union: GDF Suez's Gas Mkt Offer Is «Capitulation»

PARIS (Dow Jones)--France's CGT union Thursday expressed its concern over GDF Suez SA's (GSZ.FR) offer to loosen its grip on gas import infrastructure in response to European Union regulators' calls for more competition.

Romanian Oltchim To Buy Petrom s Petrochem Ops For EUR62M -Mediafax

Romanian Oltchim To Buy Petrom s Petrochem Ops For EUR62M -Mediafax

Romanian state-owned chemical plant Oltchim (OLT.RO) will take over the petrochemical arm of Arpechim refinery by the end of August, in a EUR62 million transaction, which doesn't include Oltchim's debts to the refinery's owner, oil company Petrom (SNP.RO), news agency Mediafax reported.

Baku-Tbilisi-Ceyhan Pipe Jan-Jun Oil Throughput 17.7M Tons

Baku-Tbilisi-Ceyhan Pipe Jan-Jun Oil Throughput 17.7M Tons

The BP PLC (BP)-led Baku-Tbilisi-Ceyhan pipeline exported 17.7 million metric tons of Azeri and Kazakh oil in the first six months of 2009, up 1.1% from the same period last year, Azerbaijan's state oil company Socar said Thursday

Japan Hopes For Stakes In Iraq Nassiriya Oil Field -Official

Japan Hopes For Stakes In Iraq Nassiriya Oil Field -Official

Japan's Minister of Economy, Trade and Industry Toshihiro Nikai, who met with Iraqi Oil Minister Hussain al-Shahristani in Tokyo Thursday, requested special consideration of stakes sought by Japanese companies at Nassiriya and other oil and gas fields, said a senior METI official who also attended the meeting.

Clinton Calls For Stricter Sanctions Against Iran

Clinton Calls For Stricter Sanctions Against Iran

Washington will call for "even stricter sanctions on Iran to try to change the behavior of the regime," U.S. Secretary of State Hillary Clinton said in a TV interview broadcast in Venezuela.

Sibir Energy Office Searched By Police

Sibir Energy Office Searched By Police

Russian law enforcement agencies Wednesday conducted a search at a subsidiary of London-listed oil firm Sibir Energy PLC's (SBE.LN), the company said in a statement.