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Gazprom Neft Looked At TNK-BP Stake Buy

Gazprom Neft Looked At TNK-BP Stake Buy

Gazprom Neft (SIBN.RS), the crude oil arm of Russia's state-owned OAO Gazprom (GAZP.RS), has looked at the possibility of acquiring a stake in BP PLC's (BP) TNK-BP Holding (TNBP.RS) joint venture, people familiar with the matter said this week.

Siberian Coal Energy Co Mandates Banks For IPO

Siberian Coal Energy Co Mandates Banks For IPO

Russia's biggest coal producer, Siberian Coal Energy Co., or SUEK, is mandating banks ahead of a possible initial public offering, Interfax news agency reported Monday citing an unnamed investment banker.

Egypt Plans $7B Foreign Invest In Oil, Gas Exploration

Egypt Plans $7B Foreign Invest In Oil, Gas Exploration

Egypt plans to implement a program for oil and gas exploration and development in fiscal year 2008-2009 with total foreign investments of $7 billion, Cairo-based Al Ahram daily reported Monday citing Abdul Aleem Taha, executive president of the Egyptian General Petroleum Authority.

Iberdrola Plans To Block ACS Foray In Company

Iberdrola Plans To Block ACS Foray In Company

Iberdrola SA (IBE.MC) is planning to take the winding path of law to block Actividades de Construccion y Servicios SA's (ACS.MC) foray into the Spanish utility and prevent the construction company from raising its stake further in Iberdrola and accessing its board, reports Expansion in its Monday Internet edition.

Mytilineos, Glencore in $2 bln deal

Mytilineos, Glencore in $2 bln deal

Shares in Greek metallurgy group Mytilineos jumped more than 2 percent yesterday after news it’s subsidiary had signed a 2 billion dollar deal to supply Switzerland’s Glencore with alumina for the next 10 years.

Areva To Supply Nuclear Fuel Assemblies For Taiwan Power

Areva To Supply Nuclear Fuel Assemblies For Taiwan Power

French nuclear operator Areva (CEI.FR) Friday said it signed a contract with Taiwan Power Company (Taipower) to supply boiling water reactor fuel assemblies for units 1 and 2 of the Chinshan and Kuosheng nuclear power plants.

OPEC July Output Hits 2008 High On Saudi, Iraq

OPEC July Output Hits 2008 High On Saudi, Iraq

OPEC production reached its highest level so far this year in July on increased barrels from Saudi Arabia and Iraq and a recovery in Nigerian output, a Dow Jones Newswires survey released Friday said.

EdF Asking Government For Power Tariff Rise

EdF Asking Government For Power Tariff Rise

French state-controlled power giant Electricite de France SA (1024251.FR) has asked the government to raise regulated power tariffs, Chief Executive Pierre Gadonneix said Friday.

Enel CEO: Sees 2008, 2009 Ebitda Above Expectations

Enel CEO: Sees 2008, 2009 Ebitda Above Expectations

Enel SpA (ENEL.MI), Italy's biggest utility by revenue, expects 2008 and 2009 earnings before interest, taxes, depreciation and amortization, or Ebitda, to top expectations, Chief Executive Fulvio Conti said Friday, adding that the company's outlook is better than announced in March.

Greek Min Urges Faster Pace On Russian-Run Pipe Projs

Greek Min Urges Faster Pace On Russian-Run Pipe Projs

Greek Development Minister Christos Folias called Thursday for the Russian-controlled South Stream and Burgas-Alexandroupolis pipeline projects to be speeded up, Prime Tass reported.