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EDF Is Nearing Accord To Buy British Energy

EDF Is Nearing Accord To Buy British Energy

Electricite de France SA Thursday was nearing an agreement to acquire U.K. nuclear-power generator British Energy Group PLC, in a deal that could exceed GBP 12 billion ($23.99 billion) and end a months-long takeover saga, people familiar with the matter said.

TNK-BP CEO Leaves Russia; BP Warns Of Suit

TNK-BP CEO Leaves Russia; BP Warns Of Suit

BP PLC (BP.LN) said Thursday that TNK-BP Ltd. Chief Executive Robert Dudley has temporarily left Russia, saying he was subjected to "harassment" by Russian authorities, prompting the oil giant to threaten legal action against its Russian partners.

Frances Areva 1H Rev +15% On Reactor, Services Sales

France's Areva 1H Rev +15% On Reactor, Services Sales

Areva (CEI.FR), the world's largest maker of nuclear reactors, Thursday reported a 15% rise in first-half revenue, helped by a surge in sales in its reactors and services division.

TNK-BP Exec Says Most Expats Visas To Expire Late Jul

TNK-BP Exec Says Most Expats' Visas To Expire Late Jul

The Russian visas of most expatriate TNK-BP Holding (TNBP.RS) employees are scheduled to expire in late July, TNK-BP Chief Operating Officer Tim Summers said at a news briefing Thursday, Prime-Tass news agency reported.

Iran To Shut Isfahan Refinerys Unit In Oct For Maintenance

Iran To Shut Isfahan Refinery's Unit In Oct For Maintenance

Iran will shut down a 120,000 barrel- a-day distillation unit for maintenance at its refinery in Isfahan for 22 days beginning in early October, the managing director of the Isfahan Oil Refining Company said Thursday.

Swiss Aiming For Rapid End To Libyan Fuel Stand-Off

Swiss Aiming For Rapid End To Libyan Fuel Stand-Off

Switzerland is seeking a rapid resolution to a diplomatic crisis with Libya, a spokeswoman for its economy ministry said Thursday, stressing that there is no risk of fuel shortages.

Russian Deal To Buy 7% Stake In CPC Could Fall Apart

Russian Deal To Buy 7% Stake In CPC Could Fall Apart

A deal in which Russia would buy Oman's stake in the Caspian Pipeline Consortium (CPC) could fall apart, the Kommersant daily reported Thursday citing unnamed sources close to the deal.

Ukraine Secures Framework Deal On Russian Gas Prices

Ukraine Secures Framework Deal On Russian Gas Prices

Ukrainian Prime Minister Yulia Tymoshenko said Wednesday she had reached a framework agreement with Russian gas giant OAO Gazprom (GAZP.RS) on the politically sensitive issue of boosting the price of gas deliveries.

IAEA Head, Iran Nuclear Chief To Meet Thursday

IAEA Head, Iran Nuclear Chief To Meet Thursday

The head of the International Atomic Energy Agency and the chief of Iran's nuclear program plan to meet Thursday in Vienna, the IAEA said Wednesday.

Venezuela, Belarus To Double Joint 20,000 B/D Ouput

Venezuela, Belarus To Double Joint 20,000 B/D Ouput

Venezuela's President Hugo Chavez said that Petroleos de Venezuela, or PdVSA, and Belarus' Belorusneft plan to double their joint production which now stands at 20,000 barrels of crude a day.

Iberdrola 1H Net Pft EUR1.96B Vs Pft EUR1.1B

Iberdrola 1H Net Pft EUR1.96B Vs Pft EUR1.1B

Spanish electricity company Iberdrola SA (IBE.MC) Thursday said its net profit rose 78% in the first half, boosted by power generation and healthy electricity pool prices.

Edf: Another Leak At Nuclear Plant In France

Edf: Another Leak At Nuclear Plant In France

Seventy staff at Tricastin nuclear plant in southern France have been "slightly contaminated" by a low dose of radiation that escaped from a pipe, power firm Electricite de France SA, or EdF, (1024251.FR) said, The BBC reports on its Web site Thursday.

Russian Shr Hlders In TNK-BP May Seek Damages From CEO

Russian Shr Hlders In TNK-BP May Seek Damages From CEO

Russian shareholders in TNK-BP (TNBP.RS) may seek hundreds of millions of U.K. pounds sterling in damage from the company's Chief Executive Robert Dudley, who they accuse of breaching his duties, the Daily Telegraph said Thursday citing a letter sent from the Russian shareholders to Dudley.