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DJ CEZ May Take Only 7% Stake In MOL In Share Deal - Newspaper

DJ CEZ May Take Only 7% Stake In MOL In Share Deal - Newspaper

PRAGUE (Dow Jones)--Czech power company CEZ AS (BAACEZ.PR) may buy a 7% stake in Hungarian gas and oil company MOL Nyrt. (MOL.BU), down from earlier plans to buy up to 10%, newspaper Hospodarske Noviny reports Tuesday.

DJ UPDATE: US Secy Of State Rice Makes Unannounced Kirkuk Visit

DJ UPDATE: US Secy Of State Rice Makes Unannounced Kirkuk Visit

KIRKUK, Iraq (AP)--U.S. Secretary of State Condoleezza Rice made an unannounced visit Tuesday to the city that Iraq's Kurds call their Jerusalem, an oil-rich territory claimed by many where the U.S. says it sees new signs of cooperation and progress.

Gasunie,Vopak Each Take 25% Stake, Essent 50% In LNG Deal

Gasunie,Vopak Each Take 25% Stake, Essent 50% In LNG Deal

AMSTERDAM (Dow Jones Newswires)--N.V. Nederlandse Gasunie (NEG.YY) and Koninklijke Vopak N.V. (39300.AE) have agreed with Essent N.V. (ESS.YY) to further develop the Eemshaven LNG project, the companies said Tuesday in a press release

Turkey OIB:Prequalified Cos In Elec Grid Sale Still Valid-IHA

Turkey OIB:Prequalified Cos In Elec Grid Sale Still Valid-IHA

The chairman of Turkey's Privatization Agency, or OIB, said Monday that the companies to have prequalified to bid in the country's delayed privatization tender for the right to operate a series of electricity distribution grids are still entitled to participate in the process, the Ihlas News Agency, or IHA, reported.

E.ON,Gazprom Have Breakthrough, Questions Remain

E.ON,Gazprom Have Breakthrough, Questions Remain

Dow Jones E.ON's (EOA.XE) announcement it has reached an agreement with Gazprom (GAZP.RS) over an asset swap, that will grant it a stake in giant gas field Yuzhno Russkoye, is a breakthrough, says Sal.

Its too late for later

It's too late for later

The negotiators at the UN climate conference here in Bali came from almost 200 countries and spoke almost as many languages, but driving them all to find a better way to address climate change was one widely shared, if unspoken, sentiment: that "later" is over for our generation.

Russia lays out view of Benefits of Interdependence on Energy Networks

Russia lays out view of Benefits of Interdependence on Energy Networks

Prime Minister Costas Karamanlis arrives in Moscow today for talks with President Vladimir Putin focusing on energy issues, particularly progress in the construction of the long-delayed Burgas-Alexandroupolis oil pipeline, and Greece’s participation in the South Stream natural gas pipeline, which is a joint Russian-Italian initiative.

Bombings, Threats Shake Algeria Energy Outlook

Bombings, Threats Shake Algeria Energy Outlook

IN AMENAS, Algeria -- Here in the Sahara, it isn't the sandstorms, swarms of locusts and 125-degree summers that bother Norwegian Sigbjorn Ohnstad. It is the kidnapping threats he can't stand.

Iran Says First Nuclear Fuel Arrives From Russia - AFP

Iran Says First Nuclear Fuel Arrives From Russia - AFP

TEHRAN (AFP)--The first consignment of nuclear fuel from Russia for Iran's first atomic power station has arrived in the country, the head of its atomic energy organization Gholam Reza Aghazadeh said Monday

Iran Needs 82 Tons Fuel For Nuclear Plants 1st Year - AFP

Iran Needs 82 Tons Fuel For Nuclear Plant's 1st Year - AFP

TEHRAN (AFP)--Iran requires 82 metric tons of nuclear fuel for the first year of operations at its first nuclear power station in the southern city of Bushehr, the ISNA news agency quoted an official as saying Monday.

Japans JBIC To Sign $3B Loan With Adnoc Within 2 Days

Japan's JBIC To Sign $3B Loan With Adnoc Within 2 Days

DUBAI (Zawya Dow Jones)--Japan will this week extend a $3 billion loan for energy projects in the United Arab Emirates to help secure long-term crude supplies, people familiar with the deal said Monday.

Greeces PPC Eyes EUR1.95B Investment In Renewables By 2014

Greece's PPC Eyes EUR1.95B Investment In Renewables By 2014

ATHENS (Dow Jones)--Greece's dominant electricity company, Public Power Corp. SA (PPC.AT), or PPC, said it will invest EUR1.95 billion in renewables between 2008 and 2014 to gain a 22% market share.

Iraq Complains Over Turkish Bombing Of Rebel Targets In Iraq

Iraq Complains Over Turkish Bombing Of Rebel Targets In Iraq

ANKARA (AP)--Iraq complained Monday that Turkey hadn't coordinated with Baghdad before sending dozens of warplanes to bomb Kurdish rebel targets in northern Iraq - the largest aerial attack in years against the outlawed separatist group.

OMV, NAFTA Launch Joint E&P Activities In Slovakia

OMV, NAFTA Launch Joint E&P Activities In Slovakia

FRANKFURT (Dow Jones)--Austrian oil and gas company OMV AG (OMV.VI) and the Slovakian peer NAFTA a.s. signed agreements on a long-term partnership, with the goal to jointly explore the Slovakian part of the Vienna basin, covering an exploration license area of approximately 1,400 square kilometers, OMV said Friday.

Hellenic Petroleum says CEO has resigned, been replaced

Hellenic Petroleum says CEO has resigned, been replaced

Greece’s largest refiner, Hellenic Petroleum (HELPE), announced early this week its chief executive officer Panos Cavoulacos resigned and was replaced by former Petrola CEO Ioannis Costopoulos.