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Bulgarian Economic Growth Seen as Gaining Ground in Q4 2007

Bulgarian Economic Growth Seen as Gaining Ground in Q4 2007

Bulgaria’s economic growth probably accelerated in the fourth quarter of 2007, following a slowdown in the previous three months, driven by industry, services and consumption in the first year of European Union membership.

E.ON, Turcas Get License

E.ON, Turcas Get License

E.ON AG, Germany’s biggest utility, and its Turkish partner Turcas Petrolculuk AS got a license to build a gas-fired power plant in the western Turkish city of Denizli.

PPC wins case

PPC wins case

Public Power Corporation (PPC), Greece’s biggest power producer, said it has been allowed to cancel a contract to sell electricity to aluminium smelter Aluminium of Greece at a reduced rate.

Oil Fuels Rise in Living Costs

Oil Fuels Rise in Living Costs

Skyrocketing oil prices are expected to cost household budgets an extra 800 million euros this year, at a time when higher-than-expected inflation has helped to depreciate the average income by -170.

TAQA Talking To Shell, ExxonMobil On N Sea Field Buy

TAQA Talking To Shell, ExxonMobil On N Sea Field Buy

The Abu Dhabi National Energy Co. PJSC (TAQA.AD) is in exclusive talks to buy stakes in several U.K. North Sea oil and gas fields from Royal Dutch Shell PLC (RDSB) and ExxonMobil Corp. (XOM), the company, known as TAQA, said in a statement Friday.

EDF Could Stop Fuel Delivery To Areva Recycling Plant

EDF Could Stop Fuel Delivery To Areva Recycling Plant

Electricite de France (1024251.FR) has threatened to stop delivering used nuclear fuel for reprocessing by Areva (CEI.FR) at its recycling plant in Marcoule, French weekly magazine Challenges reports Friday on its Web site.

DNO Intl Shares Surge On Kurdish Contracts, Well Test

DNO Intl Shares Surge On Kurdish Contracts, Well Test

Shares in Oslo-listed oil company DNO International (DNO.OS) surged more than 13% Friday as it announced it has finalized revised production agreements on its controversial Kurdish oil assets in northern Iraq, and has successfully tested for oil and gas at new well.

E.ON,Turcas Get OK To Build 840MW Plant In Turkey

E.ON,Turcas Get OK To Build 840MW Plant In Turkey

E.ON AG (EON) and Turkish energy firm Turcas Petrol AS (TRCAS.IS) have gained approval from the Turkish energy regulator to jointly build a power plant in Denizli, Turkey, Turcas said Friday, the Ihlas News Agency, or IHA, reported.

OPEC, CFTC, Cargill Seen At IEA Oil Price Mtg Mon

OPEC, CFTC, Cargill Seen At IEA Oil Price Mtg Mon

A long-planned International Energy Agency meeting Monday to discuss the factors behind the record oil price is set to hear from officials from the Commodity Futures Trading Commission, the Organization of Petroleum Exporting Countries and Cargill Inc. as well as from oil companies such as Norway's StatoilHydro ASA (STO), sources said Thursday.

Hellenic Petroleum Eyes Albanias ARMO Refiner

Hellenic Petroleum Eyes Albania's ARMO Refiner

Hellenic Petroleum SA (ELPE.AT) is interested in bidding for Albanian state-owned refiner ARMO, which is slated for privatization, financial daily Imerisia reported Friday.

Middelman Not Eliminated In Russia, Ukraine Gas Deal

Middelman Not Eliminated In Russia, Ukraine Gas Deal

Thursday's agreement between Russia's gas monopoly OAO Gazprom (GAZP.RS) and Ukraine's Naftogaz over supplies of natural gas does not eliminate the intermediary RosUkrEnergo, Vedomosti daily reported Friday, citing Naftogaz's spokesman Valentin Zemlyanichny.