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Belgian Authorities: Suez Illegally Spied On Electrabel - AFP

BRUSSELS (AFP)--Belgian authorities found Tuesday that French utilities group Suez (SZEZY) illegally eavesdropped on its Belgian unit Electrabel in 2004, but decided there were no grounds for a criminal trial, a lawyer for Suez said.

Analysts:Hormuz Incident Likely Timed For Bush Mideast Visit

The harassment of U.S. Navy ships by Iranian boats in the Straits of Hormuz - through which nearly a fifth of the world's crude is shipped - was likely timed to occur just ahead of President George W. Bush's upcoming trip to the Middle East, analysts said.

Spain Won't Lift Endesa Takeover Conditions -Source

MADRID (Dow Jones)--Spain's government plans to maintain the conditions it imposed on the takeover of electricity utility Endesa SA (ELE.MC) by Italy's Enel SpA (EN) and Spain's Acciona SA (ANA.MC), a person close to the situation said Tuesday.

FOCUS: EnergyMixx Plans Sukuk As Islamic Finance Goes Green

SINGAPORE (Dow Jones)--Switzerland-based EnergyMixx AG (EM2.XE)is working on what it says will be the first Islamic bond from a renewable energy firm, a move that highlights the overlap between Shariah-compliant and socially responsible investing.

Suez To Sell Belgian Nuclear Capacity To SPE - Newspaper

BRUSSELS (Dow Jones)--French energy company Suez (SZE) is close to a deal to sell nuclear energy to Belgium's second-biggest energy company SPE, de Tijd reports, citing sources at the cabinet of Belgian Prime Minister Guy Verhofstadt.

Greek Government Approves PPC's Deal With RWE - Newspaper

RWE PPC Cooperation Approved

Kashagan Accord Seen In Next Days, $3.5B Compensation -Report

ROME (Dow Jones)--The Eni SpA (E)-led consortium developing the Kashagan field is expected to reach an accord settling the dispute over delays and the build-up of costs with the Kazakh government in the coming days, Italian daily MF reported Tuesday, without citing sources.

Suez Workers Reject GdF Merger Plan - Report

White House Warns Iran Against 'Provocative Actions' - AFP

WASHINGTON (AFP)--The White House on Monday sternly warned Iran against "provocative actions that could lead to a dangerous incident," after a stand-off between U.S. and Iranian ships in the Strait of Hormuz.

Romania Files Lawsuit Against EU Ruling On CO2 Cap - Report

Libya Inks $2B Refinery Upgrade Deal With UAE Consortium -AFP

TRIPOLI, Libya (AFP)--Libya's National Oil Corp., or NOC, Monday signed a $2 billion deal with a consortium from the United Arab Emirates to upgrade a major oil refinery.

Iran Boats Threatened US Warships In Hormuz Strait

WASHINGTON (AP)--In what is being called a serious provocation, Iranian Revolutionary Guard boats harassed and provoked three U.S. Navy ships in the strategic Strait of Hormuz, officials said Monday.

$100 OIL: Ethanol Equities Still Not A Sure Thing

Ethanol stocks have rallied impressively in recent weeks amid the latest surge in oil prices and the enactment of a new federal law mandating ever-greater use of the fuel.