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Russia Energy Min: Oil Output Cut Decision Dec 17

Russia Energy Min: Oil Output Cut Decision Dec 17

Russia will outline its decision on cutting oil production on Dec. 17, the Interfax news agency said Wednesday citing the country's Energy Minister Sergey Shmatko.

Russian Govt Would Back Lukoil Bid For Repsol

Russian Govt Would Back Lukoil Bid For Repsol

The Russian government is ready to offer oil producer OAO Lukoil (LKOH.RS) political support if it decides to bid for Spanish oil firm Repsol YPF SA (REP), the Interfax news agency reported Wednesday citing the country's Energy Minister Sergey Shmatko.

Iberdrola: To Finance Investments Only With Internal Cashflow

Iberdrola: To Finance Investments Only With Internal Cashflow

Spanish electricity company Iberdrola SA (IBE.MC), in response to the global financial crisis, will limit its investments only to those financed by its own cash generation, Chief Executive Ignacio Galan told staff at a year-end meeting Wednesday.

Kazakhstan To Pump 5 BCM A Yr Of Gas Into China Pipeline

Kazakhstan To Pump 5 BCM A Yr Of Gas Into China Pipeline

Kazakhastan will pump 5 billion cubic meters a year of natural gas into the Central Asian gas pipeline linking China from 2014, Duisenbay Turganov, vice-minister of Kazakhstan's Ministry of Energy and Mineral Resources, said Tuesday.

Azeri Oil Flow Through BTC Pipeline Seen Lower In Jan

Azeri Oil Flow Through BTC Pipeline Seen Lower In Jan

Volumes of Azeri crude oil pumped from Azerbaijan to Turkey through the Baku-Tbilisi-Ceyhan pipeline, or BTC, will be much lower in January, traders of Mediterranean crude said Monday.

Uzbekneftegaz Exec: To Up Gas Sales To Gazprom From Next Yr

Uzbekneftegaz Exec: To Up Gas Sales To Gazprom From Next Yr

Uzbekistan's Uzbekneftegaz plans to increase its natural gas supplies to Gazprom starting next year to 14 billion cubic meters per year from 12 billion cubic meters now, a senior company executive said Wednesday.

Credit Crisis May Delay Shtokman Project

Credit Crisis May Delay Shtokman Project

The credit crisis could delay the launch of Russia's giant Shtokman gas field, the head of the project's operator said Monday.

EU Reaches Preliminary Deal On Rules For Renewables

EU Reaches Preliminary Deal On Rules For Renewables

The European Union has reached a preliminary deal on a plan to increase the use of renewable energy by 2020, the European Parliament's lead negotiator Claude Turmes said Tuesday.

Q-Cells Shares Fall As Co Cuts 2008 Goals On Fincl Crisis

Q-Cells Shares Fall As Co Cuts 2008 Goals On Fincl Crisis

Shares in German solar cell maker Q-Cells AG (QCE.XE) fell sharply Tuesday after the company said it won't reach its production, sales and profit targets in 2008 due to the financial crisis.

Enel Close To Selling Pwr Lines To Terna For EUR1.2B

Enel Close To Selling Pwr Lines To Terna For EUR1.2B

Enel SpA (ENEL.MI) is close to selling for about EUR1.2 billion its Italian high-voltage power lines to Terna SpA (TRN.MI), with the deal expected to be announced at the start of January, writes daily Il Sole 24 Ore Tuesday without citing its source.

Alstom, PGE Elektrownia In CO2 Reduction Venture

Alstom, PGE Elektrownia In CO2 Reduction Venture

French power and rail engineering group Alstom SA (1022047.FR) said Monday it has signed a memorandum of understanding with Polish utility group PGE Elekrownia Belchatow SA to develop and implement carbon capture and storage technology.

Russian Nov Oil Exports Via CPC 512,943 Tons

Russian Nov Oil Exports Via CPC 512,943 Tons

Russian oil exports via the Caspian Pipeline Consortium pipeline amounted to 512,943 metric tons in November, TsDU-TEK, which provides data and analysis to the Industry and Trade Ministry, said in a report obtained by Prime-Tass news agency Friday.

EDF Energies Nouvelles Acquires 50% Of Turkeys Polat Enerji

EDF Energies Nouvelles Acquires 50% Of Turkey's Polat Enerji

EDF Energies Nouvelles (EEN.FR) said Monday that it acquired 50% of Turkey's Polat Enerji shares. This Turkish company owns two wind farms in service with 50 MW in total capacity, plus a 80 MW facility under construction, as well as four projects at advanced stages in their development, representing capacity in excess of 200 MW. All these assets are 50%-owned in partnership with another Turkish company.

Iraqs Oil-Rich Basra Province Seeks Autonomy

Iraq's Oil-Rich Basra Province Seeks Autonomy

Iraq's independent electoral commission announced plans on Sunday to collect signatures in support of a referendum to transform the oil-rich province of Basra into an autonomous region.