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Gazprom, Libya To Create Oil Refinery Joint Venture

Italy Energy Regulator Urges Eni's Exit From Snam Rete Gas

Italy's Energy Regulator Alessandro Ortis said Thursday Eni SpA's (E) exit from Snam Rete Gas SpA (SRG.MI) would be the "best option" to boost competition in the country's gas market, still dominated by the former monopoly.

Russia Proposes New Independent Oil Refinery

Russia's Deputy Prime Minister Igor Sechin has proposed building a new oil refinery in Russia for small independent oil producers, saying such a move would stabilize fuel prices and create better access for minor producers to refining, the Kommersant daily said Thursday.

Pentagon Analyzing Iran's Latest Missile Launch

The Defense Department was analyzing intelligence on Wednesday's missile test by Iran to determine what it launched and what can be learned about the country's missile capabilities

EU Parliament Backs Strict Oversight For Cos Owning Gas Grids

BRUSSELS (Dow Jones)--The European Parliament voted Wednesday to allow energy giants to keep ownership of their gas grids, however under stricter supervision than European Union countries had agreed on.

Iran Ctrl Zagros Region May Hold 50 Bln Bbl Of Oil - Ministry

TEHRAN (Dow Jones)-Iran's Central Zagros region may contain up to 50 billion barrels of oil, the oil ministry's official Shana Web site reported Wednesday, citing a senior oil official.

Qatargas To See 1st Mega LNG Train Operational By End 08 -CEO

DOHA (Dow Jones)--Qatargas Operating Co. Ltd will see the startup of the first of its four mega liquified natural gas trains by the end of 2008, increasing the company's annual LNG production to 17.8 million tons, the company's chairman and chief executive officer said.

Miller Pledges To Make Gazprom Neft Russia's No 1 Oil Co

MOSCOW (Dow Jones)--Alexei Miller, the chief executive of Russia's state gas firm OAO Gazprom (GAZP.RS), Wednesday pledged to turn the company's oil subsidiary OAO Gazprom Neft (SIBN.RS) into the country's leading oil company and a large international player.

Iran To Drill 160 Oil Wells By March 2009 - Report

TEHRAN (Dow Jones)-Iran says it will drill roughly 160 wells by next March, the oil ministry's official Shana Web site reported Wednesday.

Hungarian PM Gyurcsany Calls For Nabucco Pipe Summit

BUDAPEST (Dow Jones)--Hungarian Prime Minister Ferenc Gyurcsany Tuesday called for a summit for countries involved in the Nabucco pipeline project and others who could potentially supply gas to Europe through the pipeline, state news agency MTI said.

GdF CEO Says Nabucco Pipeline In Europe's Interest

PARIS (Dow Jones)--The chief executive of French state-controlled gas giant Gaz de France (1020848.FR) Tuesday said the proposed Nabucco gas pipeline would be in Europe's interest if it comes to fruition but that gas from Azerbaijan won't be enough to make it profitable.

Wildcatters Plunge Into North Iraq

TAWKE, Iraq -- The Canadians are squeezing oil from sand. The Brazilians want to nurse it up through miles of seawater, sandstone and salt. But here in the far north of Iraq, oil is literally bubbling to the surface. Oil executives lament that the age of "easy oil" is over. It isn't over here

DJ Turkey Fin Min Sees Energy Imports Rising To $52B In '08 -IHA

ISTANBUL (Dow Jones)--Turkish Finance Minister Kemal Unakitan said Wednesday that the country's energy imports will amount to $52 billion in 2008, compared with $34 billion in 2007, the Ihlas News Agency, or IHA, reported.