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EU Gas Policy Rethink Could Counter Russian Might -Think Tank

Πεμ, 18 Σεπτεμβρίου 2008 - 15:05

A more integrated energy policy among key European Union member states Germany, France and the U.K. could act as a counterbalance to the influence of Russia, but a radically different approach is needed, said a report from London-based think tank Chatham House published Thursday.

2nd Azeri Oil Platform Shut As Precaution After Gas Leak

Πεμ, 18 Σεπτεμβρίου 2008 - 14:58

LONDON (Dow Jones)--A second platform on the Azeri-Chirag-Gunashli oil and gas fields in Azerbaijan was shut down Wednesday as a precaution after a gas leak on a nearby platform earlier in the day, said a spokeswoman for field operator BP PLC (BP).

Energy Reserves Dominate EU-Central Asia Talks - Official

Πεμ, 18 Σεπτεμβρίου 2008 - 14:53

PARIS (AFP)--The European Union wants to look at ways of tapping into Central Asia's vast energy reserves, an official said Thursday at the opening of a foreign ministers' meeting in Paris.

Turkey To Extend By 1 Year Mandate For Military Ops Into Iraq

Πεμ, 18 Σεπτεμβρίου 2008 - 14:50

ANKARA (AFP)--The Turkish government will ask parliament to extend by one year its mandate to order military strikes against separatist Kurdish rebels based in northern Iraq, the deputy prime minister said Wednesday.

Iran Refining Capacity To Hit 3.3 Mln B/D By 2012 - Report

Τετ, 17 Σεπτεμβρίου 2008 - 13:19

TEHRAN (Dow Jones)--Iran plans to raise its refining capacity to 3.3 million barrels a day by 2012 to become the largest oil refiner in the Persian Gulf region, the state Irna news agency reports Tuesday.

Russian Watchdog Fines Gazprom, Lukoil Units Over Fuel Prices

Τετ, 17 Σεπτεμβρίου 2008 - 13:14

MOSCOW (Dow Jones)--Russia's antimonopoly watchdog has fined units of OAO Gazprom (GAZP.RS) and OAO Lukoil (LKOH.RS) for abusing their dominant market positions to increase fuel prices in southern Russia, the service said Wednesday.

Citic Resources Cuts 08-10 Kazakh Oil Output Targets By 4%-9%

Τετ, 17 Σεπτεμβρίου 2008 - 13:09

HONG KONG (Dow Jones)--Citic Resources Holdings Ltd. (1205.HK), a Chinese energy and base-metals producer, has cut output targets for its Kazakhstan oil field for 2008-2010 by 4% to 9%, company Chairman Sun Xinguo said Wednesday.

Total To Maintain Existing Iran Projects - Report

Τετ, 17 Σεπτεμβρίου 2008 - 13:02

PARIS (Dow Jones)--French oil major Total SA (TOT) wants to continue existing projects in Iran but can't take the risk right now, amid the threat of further sanctions, of investing "massively" in the country, Chief Executive Christophe de Margerie confirms in an interview published Tuesday in Le Figaro.

Turkmenistan Stability Questioned After Weekend Gunfight

Τρι, 16 Σεπτεμβρίου 2008 - 12:59

ASHGABAT, Turkmenistan (AFP)--Newspapers in Turkmenistan on Monday kept a shroud of silence over a weekend gun battle that analysts say has cast doubt on the stability of one of the world's most isolated and authoritarian states.

Additional Pipeline Projects No Danger To Nabucco - Barroso

Τρι, 16 Σεπτεμβρίου 2008 - 12:56

BUDAPEST (AFP)--Alternative projects pose no threat to the European Union's flagship Nabucco gas pipeline, European Commission President Jose Manuel Barroso said in Budapest Monday.

Iran Interior Min: Crescent Deal Not In Natl Interest -Report

Τρι, 16 Σεπτεμβρίου 2008 - 12:52

Iran's Interior Minister Ali Kordan said Sunday the agreement to export natural gas to Sharjah-based Crescent Petroleum is not in the country's national interest, the Iran Daily newspaper reported Monday.

Russia-Algeria Talks Not Necessarily About Gas Cartel

Τρι, 16 Σεπτεμβρίου 2008 - 12:49

ALGIERS (AFP)--Talks between Algeria and Russia are "not necessarily" aimed at creating an Organization of Petroleum Exporting Countries-style gas cartel, though it is their right to form such a bloc, Russia's ambassador to Algeria was quoted as saying Monday.