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Nabucco Consortium:Still Need Formal Approvals Of 6th Partner

Nabucco Consortium:Still Need Formal Approvals Of 6th Partner

VIENNA (Dow Jones)--The consortium behind the planned Nabucco pipeline Wednesday said the choice of the sixth company to join the consortium still needs to be signed off by some of the current partner companies.

Motor Oil hires Technip to Βuild Νew Refinery

Motor Oil hires Technip to Βuild Νew Refinery

Motor Oil, Greece’s second-largest refiner, hired Technip Italy, a unit of Paris-based Technip, to build a second crude oil distillation processor at its Aghioi Theodoroi refinery.

OPEC Advisory Ctee Wont Meet Ahead Of Ministers Meeting Fri

OPEC Advisory Ctee Won't Meet Ahead Of Ministers Meeting Fri

An OPEC advisory committee won't meet ahead of the gathering of ministers from the Organization of Petroleum Exporting Countries Friday, underscoring expectations that the group will hold production steady at its first meeting of the year.

Russias UES To Sell 48% In OGK-1

Russia's UES To Sell 48% In OGK-1

Former electricity monopoly RAO Unified Energy System of Russia, or UES, said Wednesday it plans to sell a 48% stake in wholesale generation company OAO OGK-1 (OGKA.RS).

: Turkey: RWE 6th Nabucco Gas Pipe Proj Partner

: Turkey: RWE 6th Nabucco Gas Pipe Proj Partner

Turkish Energy Minister Hilmi Guler said late Tuesday that German utility RWE AG (RWE.XE) has been chosen as the sixth partner in the Nabucco natural gas pipeline project, planned to carry Caspian gas to Central Europe through Turkey and the Balkans.

Iranian Pres Urges West To Help Build Nuclear Power Plants

Iranian Pres Urges West To Help Build Nuclear Power Plants

President Mahmoud Ahmadinejad Wednesday urged the Western powers to help build nuclear power plants in his country saying it will be too late if they do not decide to do so immediately, state television reported.

Eni To Bid For Oil License In Russias Krasnoyarsk

Eni To Bid For Oil License In Russia's Krasnoyarsk

Italy's Eni SpA (E) is seeking to participate in an auction for an oil license in Russia's Krasnoyarsk region in Siberia, the Kommersant daily reported Wednesday, citing a regional official.

EU Clears Chemical Co Ineos To Buy Norsk Hydro Polymers Unit

EU Clears Chemical Co Ineos To Buy Norsk Hydro Polymers Unit

The European Commission Wednesday cleared U.K. chemicals company Ineos Group Ltd. to buyNorwegian polymers producer Kerling ASA, belonging to Norsk Hydro ASA (NHY.OS), in a deal worth 5.5 billion kroner (EUR680 million).

Hellenic Shipyards Obtains Specialty Platform Contract

Hellenic Shipyards Obtains Specialty Platform Contract

Hellenic Shipyards SA, a unit of German industrial conglomerate ThyssenKrupp AG (TKA.XE), said Tuesday it has obtained a multimillion-euro contract to build a specialty platform for German engineering giant Hochtief Construction AG (HOT.XE).