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EU Offers Closer Ties With Former-Soviet States

EU Offers Closer Ties With Former-Soviet States

The European Commission Wednesday proposed closer ties with Ukraine, Georgia and other ex-Soviet states, but denied it was seeking a "sphere of influence" in former Soviet countries.

Slovakian Energy Co SPP Signs 20-year Gas Deal With Gazprom

Slovakian Energy Co SPP Signs 20-year Gas Deal With Gazprom

The largest Slovak gas company Slovensky plynarensky priemysel, or SPP, said Wednesday it had signed contracts for natural gas supplies for 2009-2028 with giant Russian gas producer OAO Gazprom (GAZP.RS).

Ukraines Gas Payments Hit By Hryvna Devaluation

Ukraine's Gas Payments Hit By Hryvna Devaluation

A sharp fall in Ukraine's currency has added $82 million to the country's bill for natural gas, imported from Russia, Ukraine's national gas company Naftogaz said Wednesday.

Cyprus Says Oil Row With Turkey Could Derail Peace Talks

Cyprus Says Oil Row With Turkey Could Derail Peace Talks

U.N.-led talks to reunify the Mediterranean island of Cyprus could be derailed by Turkey's obstruction of vessels searching for oil offshore, Cypriot President Demetris Christofias said in a letter made public on Wednesday.

Gazprom Plans Total 2009 Investment Of RUB920 Bln

Gazprom Plans Total 2009 Investment Of RUB920 Bln

Russian gas monopoly OAO Gazprom (GAZP.RS) plans to invest a total of 920 billion rubles ($32.95 billion) in 2009, part of which may be provided by the state, Chief Executive Alexei Miller told reporters Wednesday.

Egypt Wants Gazprom To Join Natural Gas Projects

Egypt Wants Gazprom To Join Natural Gas Projects

Egyptian Natural Gas Holding Co. wants Russia's natural gas monopoly OAO Gazprom (GAZP.RS) to take part in projects to explore and develop natural gas deposits and produce liquefied natural gas in Egypt, Gazprom said Wednesday, Prime-Tass news agency reported.

Turkey Nuclear Plant Decision Due Dec 19/Dec 20

Turkey Nuclear Plant Decision Due Dec 19/Dec 20

Turkish Energy Minister Hilmi Guler said Wednesday the country's Atomic Authority, or TAEK, will announce its decision on the tender to build the first-ever nuclear power station in the country Dec. 19 or Dec. 20, Ihlas News Agency reported.

ONGC Videsh Likely To Sign Iraq Oil Block Deal Soon

ONGC Videsh Likely To Sign Iraq Oil Block Deal Soon

ONGC Videsh, the overseas unit of Oil & Natural Gas Corp. (500312.BY), is likely to sign an agreement for an oil block awarded to it by the former regime of Saddam Hussein in Iraq in the next two months, the Business Standard reported Wednesday, citing unnamed sources.

Eni:Force Majeure On 15,000-18,000B/D Nigeria Output

Eni:Force Majeure On 15,000-18,000B/D Nigeria Output

Italian oil major Eni SpA (E) has declared force majeure on 15,000 to 18,000 barrels a day of its share of Nigeria crude output, a spokesman for the company told Dow Jones Newswires Wednesday.

StatoilHydro: Delineation Of Oil, Gas Find In North Sea

StatoilHydro: Delineation Of Oil, Gas Find In North Sea

The Norwegian Petroleum Directorate said Wednesday that StatoilHydro, operator of production licences 120 and 120 B, has concluded the drilling of appraisal well 34/8-14 A on the 34/8-14 S ("Pan/Pandora") discovery, due south of the Visund field in the North Sea.

EDFs Flamanville Plant To Cost EUR4B Vs EUR3.3B

EDF's Flamanville Plant To Cost EUR4B Vs EUR3.3B

French state-controlled utility company Electricite de France SA (1024251.FR) will announce Thursday that the cost of the Flamanville nuclear plant it is building will increase to EUR4 billion from EUR3.3 billion, French daily Les Echos reports Wednesday, without citing its sources.

Qatar Oil Min: OPEC Will Cut Oil Output At Algeria Meet

Qatar Oil Min: OPEC Will Cut Oil Output At Algeria Meet

Qatar's energy minister Abdulla Bin Hamad Al Attiyah said Wednesday that the Organization of Petroleum Exporting Countries will cut production at the group's next meeting this month in Algeria to help revive declining prices.

Transneft: BP Stand On CPC Expansion Is Blackmail

Transneft: BP Stand On CPC Expansion Is Blackmail

Russian oil pipeline monopoly Transneft (TRNFP.RS) said Monday the conditions demanded by U.K. energy giant BP PLC (BP) in exchange for its approval of the expansion of the Caspian Pipeline Consortium pipeline amount to "blackmail," the Prime-Tass news agency reports.

Zhaikmunais 3Q Revenues From Oil Sales Up 41% On Year

Zhaikmunai's 3Q Revenues From Oil Sales Up 41% On Year

Zhaikmunai LP (ZKM.LN), an oil and gas company based in northwestern Kazakhstan, said Tuesday its revenues from oil sales rose 41% on the year to $44.9 million in the third quarter of this year, compared with same period in 2007.