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Turkey, Exxon To Sign Black Sea Oil Exploration Deal Wed

Turkey, Exxon To Sign Black Sea Oil Exploration Deal Wed

Turkish state oil company TPAO and U.S. company Exxon Mobil Corp. (XOM) will hold a signing ceremony Wednesday for the TPAO-ExxonMobil Partnership for oil exploration in the Black Sea, TPAO said Monday.

Turkish Prime Minister Vows To Work With Obama

Turkish Prime Minister Vows To Work With Obama

On the eve before the Group of 20 nations meet to come up with a global solution to the financial crisis, Turkish Prime Minister Recep Tayyid Erdogan pledged to work with President-elect Barack Obama to achieve peace and stem the world's economic woes.

Iran And Turkey Sign Deal To Transfer Gas To Europe

Iran And Turkey Sign Deal To Transfer Gas To Europe

Turkey and Iran signed a memorandum of understanding late Monday on the development of three phases of Iran's South Pars gas field and to transfer gas to Europe, Turkish Energy Minister Hilmi Guler said, the Ihlas News Agency, or IHA, reported Tuesday.

Russian Stocks Slide Further On Oil

Russian Stocks Slide Further On Oil

Russian stock indexes fell further Monday as oil prices dropped and equity markets around the world posted losses.

Gazprom Blames Georgia For Interrupted S Ossetia Gas Deliveries

Gazprom Blames Georgia For Interrupted S Ossetia Gas Deliveries

Russian state-controlled gas giant Gazprom (GAZP.RS) accused Georgia Monday of interrupting gas deliveries to South Ossetia and said the rebel Georgian region would be supplied directly from Russia next year.

Italy, Germany To Discuss Energy, Climate Package

Italy, Germany To Discuss Energy, Climate Package

Italian Prime Minister Silvio Berlusconi and German Chancellor Angela Merkel meeting at a bilateral summit in Trieste Tuesday will focus on energy policy and the European Union's greenhouse gas control package, Il Sole-24 Ore reports Tuesday.

OMV In Talks With Turkmenistan, Shell In Iraq For Nabucco

OMV In Talks With Turkmenistan, Shell In Iraq For Nabucco

OMV AG (OMV.VI) and its partners in the Nabucco gas pipeline are in talks with Turkmenistan and Royal Dutch Shell PLC's (RDSB.LN) Iraqi operation to secure gas supply, the company's executives said Friday.

EU Wants To Work With Obama On Iraq, Other Key Issues

EU Wants To Work With Obama On Iraq, Other Key Issues

The European Union plans to propose working with U.S. President-elect Barack Obama on key issues including Iraq and to pledge participation in foreign military operations, German media reported.

Iran Wants OPEC Cut Of 1.0-1.5 Mln B/D

Iran Wants OPEC Cut Of 1.0-1.5 Mln B/D

Iran, OPEC's No. 2 oil producer, favors a cut in crude production of 1.0 million to 1.5 million barrels a day when the oil cartel meets in Cairo later this month, state television reported Saturday.

OPEC May Take Two Separate Actions In Nov,Dec

OPEC May Take Two Separate Actions In Nov,Dec

OPEC's Iran governor said Sunday the organization may take two separate actions in the coming month and that he hopes non-OPEC oil producers will help the organization's efforts as early as a Nov. 29 meeting.

E.ON Considering More Investment In Renewable Energy

E.ON Considering More Investment In Renewable Energy

German utility E.ON AG (EOAN.XE) is considering increasing the amount it plans to invest in renewable energy, Berliner Zeitung quotes Frank Mastiaux, head of the company's Climate & Renewables division, as saying Monday.

Saudi King:Plan Public,Oil Invest Over $400B Next 5 Yrs

Saudi King:Plan Public,Oil Invest Over $400B Next 5 Yrs

Saudi Arabia's King Abdullah said that the investment program of the Saudi public and oil sectors for the next five years will exceed $400 billion, Riyadh-based Al Jazirah daily reported Monday.

Kazakhstan, Azerbaijan State Oil Cos Agree To Ship Kazakh Oil

Kazakhstan, Azerbaijan State Oil Cos Agree To Ship Kazakh Oil

Kazakh state oil and gas company KazMunaiGas said Friday it has signed an agreement with Azerbaijan's state oil company on the main terms of shipping Kazakh crude oil to international markets via Azerbaijan.