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Fuel Rules ‘Are not Enough to Protect Consumers’

Fuel Rules ‘Are not Enough to Protect Consumers’

Illegal trading and adulteration remain two of the biggest problems plaguing the domestic fuel sector, according to the findings of a survey conducted by the Foundation for Economic and Industrial Research (IOBE).

Premier’s Trip Holds no Big Expectations

Premier’s Trip Holds no Big Expectations

The Greek administration is keeping its eyes wide open ahead of Prime Minister Costas Karamanlis’s official visit to Ankara on Wednesday – from which no major developments are expected – in order to ensure it does not turn into a complete disaster.

OPEC Governors Chmn:Oil Output Hike Possible,Others Disagree

OPEC Governors Chmn:Oil Output Hike Possible,Others Disagree

AMMAN (Dow Jones)--The chairman of OPEC's board of governors Monday said some in the group could press for an increase in output of as much as a million barrels a day at its Feb. 1 meeting, a view that contrasts sharply with oil ministers and other officials who have rejected any notion of a hike.

Saudi Sabic Gets Regulator OK To Raise Cap 20% Via Bonus Shrs

Saudi Sabic Gets Regulator OK To Raise Cap 20% Via Bonus Shrs

Saudi Basic Industries Corp. (2010.SA), the world's largest petrochemicals maker by market value, Monday received the market regulator's approval to raise its capital by 20% to 30 billion Saudi riyals ($8 billion) from SAR25 billion.

Iraq Suspends North Oil Exports On Pipeline Repair - Official

Iraq Suspends North Oil Exports On Pipeline Repair - Official

Iraq has suspended crude oil exports from its northern oil fields due to a fault on the pipeline that carries crude from the Kirkuk oil fields to Turkey's Ceyhan port, an Iraqi oil official said Monday.

StatoilHydro Seeks Right For Extended Snohvit Start-Up Period

StatoilHydro Seeks Right For Extended Snohvit Start-Up Period

StatoilHydro has Monday submitted an application to the Norwegian Pollution Control Authority (SFT) for an extended start-up period, and given an account of increased carbon emissions from the LNG plant at Melkoya near Hammerfest.

Greek Power Workers Union To Strike Over PPCs Deal With RWE

Greek Power Workers' Union To Strike Over PPC's Deal With RWE

Workers at Greece's 51% state-controlled Public Power Corporation SA (PPC.AT) will stage a 24-hour strike Jan. 29, to protest against management plans to jointly build two new power plants in conjunction with Germany's RWE AG (RWE.XE).

UK Govt Report Calls For Halt On Biofuels Targets

UK Govt Report Calls For Halt On Biofuels Targets

Production of the most commonly used biofuels should cease until the environmental impact of alternative fuels improves, said the U.K. government's Environmental Audit Committee Monday.

CEZ Bids In Romanian Tender To Build Thermal Power Plant

CEZ Bids In Romanian Tender To Build Thermal Power Plant

Czech power utility CEZ AS (BAACEZ.PR) said Monday it has placed a bid in a tender of state-run Romanian utility Termoelectrica to build a new thermal power plant in this Balkan country.

BP, Rio Tinto, Abu Dhabi Target First Hydrogen Power By 2012

BP, Rio Tinto, Abu Dhabi Target First Hydrogen Power By 2012

Hydrogen Energy, a joint venture of BP PLC (BP) and Rio Tinto PLC (RTP), and Abu Dhabi plan to produce first electricity from a $2-billion hydrogen power plant in the U.A.E.'s largest emirate by 2012, the partners said in a joint statement Monday.

PPC Plan for New Plan Faces Local Opposition

PPC Plan for New Plan Faces Local Opposition

The Public Power Corporation (PPC), Greece’s biggest electricity producer, is facing local resistance to its plans to build a plan in the town of Elefsina, west of Athens. Elefsina “states its opposition to the construction of a giant electricity production plant”, the municipal council said today in an e-mailed statement, citing a citizens’ group. Christos Christakis, a spokesman for the group and a local councilor, confirmed the statement in a telephone interview.

Greece to Face UN on Emissions

Greece to Face UN on Emissions

Greece will next month have to explain its poor record in measuring carbon dioxide (CO2) emissions to the United Nations compliance committee for the Kyoto Protocol, European Environment Commissioner Stavros Dimas said.

Putin Seals Balkan Energy Deals to Boost EU Supplies

Putin Seals Balkan Energy Deals to Boost EU Supplies

Russian President Vladimir Putin, on his last planned foreign trip as Kremlin leader, sealed pipeline and nuclear power accords with Bulgaria, strengthening Russia’s role as an energy supplier to the European Union.