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Russia,Georgia Regions To Discuss Military Cooperation

Russia,Georgia Regions To Discuss Military Cooperation

Russian President Dmitry Medvedev has issued instructions for military cooperation deals to be negotiated with the breakaway Georgian regions of Abkhazia and South Ossetia, the RIA Novosti news agency reports Tuesday, citing a statement on the Kremlin's Web site.

Gazprom Says Ukraine Not Pumping Gas Into Underground Storage

Gazprom Says Ukraine Not Pumping Gas Into Underground Storage

Ukraine is currently not pumping Russian gas into its storage facilities to supply European markets next winter, Alexander Ananenkov, deputy chief executive of Russia's state-controlled gas firm OAO Gazprom (GAZP.RS), said Tuesday.

Ahmadinejad Arrives In Russia For Security Summit

Ahmadinejad Arrives In Russia For Security Summit

Iran's President Mahmoud Ahmadinejad arrived in Russia on Tuesday to attend a regional security summit, in his first trip abroad following his disputed election victory, an official in the Iranian delegation said.

Gazprom Says European Demand Picked Up In Second Quarter

Gazprom Says European Demand Picked Up In Second Quarter

Russian gas giant OAO Gazprom (GAZP.RS) experienced a pickup in demand for natural gas in Western Europe during the second quarter, the company's Deputy Chief Executive Alexander Ananenkov said Tuesday.

Edison SpA Looking at DEPA Stake

Edison SpA Looking at DEPA Stake

Italian utility Edison SpA is interested in taking part in the privatization of Greek natural gas company DEPA, said its Chief Executive Umberto Quadrino yesterday. In an interview with Reuters, Quadrino said Edison’s priority with regard to its foreign interests was Greece, where the company is already a power operator through its joint venture with Hellenic Petroleum

Russian Sea Ports January-May Throughput Up 5.3%

Russian Sea Ports January-May Throughput Up 5.3%

Russia's sea ports handled a total of 193.4 million metric tons of cargo in the first five months of the year, an increase of 5.3% compared with January-May 2008, according to the figures released Monday by the national association of sea ports.

Iran Pres Delays Russia Summit Visit To Tue

Iran Pres Delays Russia Summit Visit To Tue

Iran's President Mahmoud Ahmadinejad has put off a planned visit Monday to a summit in Russia until Tuesday after his disputed election victory, an Iranian delegation source said.

Russias Medvedev: Global Econ Crisis Not Yet Over

Russia's Medvedev: Global Econ Crisis Not Yet Over

The global economic crisis hasn't been resolved, Russian president Dmitry Medvedev said, but it has prompted Russia to work harder to diversify its economy, the RIA Novosti news service reported Monday.

Italys Eni To Boost Gas Imports From Libya

Italy's Eni To Boost Gas Imports From Libya

Italian oil and gas company Eni SpA (E) will soon boost its natural gas imports from Libya to at least 10 billion cubic meters a year from the current 8 billion, business daily Il Sole-24 Ore reports Sunday.

Sinopec Pursues Addax, In Bid For Oil Resources

Sinopec Pursues Addax, In Bid For Oil Resources

Sinopec, the Chinese state oil company, is in talks to acquire Addax Petroleum, a small explorer with oilfields in Iraqi Kurdistan and West Africa, according to a person familiar with the matter.

IAEA Meets To Discuss Iran, Syria Nuclear Investigations

IAEA Meets To Discuss Iran, Syria Nuclear Investigations

The U.N. atomic watchdog convened its regular June board meeting here Monday, with Iran's nuclear program expected to dominate following the country's disputed presidential election.

Italys Eni Poised To Sell North Sea Oil Assets

Italy's Eni Poised To Sell North Sea Oil Assets

Italian oil company Eni SpA (E) has hired Rothschild to sell most of its iNorth Sea oil assets for more than $1 billion, the U.K.'s Sunday Times newspaper reports.

World Awaits Recovery As G8 Finance Chiefs Meet

World Awaits Recovery As G8 Finance Chiefs Meet

Finance ministers from the G8 leading world powers meet for talks in Italy on Friday as populations hit by the worst economic crisis in decades wait for firm evidence of an upcoming recovery.