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Iran, New UN Nuclear Plan Will Complicate Matters

Iran, New UN Nuclear Plan Will Complicate Matters

Iran warned Monday that a new U.N. Security Council resolution against Tehran over its nuclear activities would only complicate the standoff with the West, the official IRNA news agency reported.

Ukraine Warns Of Gas War As Russia Cuts Supplies

Ukraine Warns Of 'Gas War' As Russia Cuts Supplies

Russia Monday cut gas supplies to neighboring Ukraine by a quarter after debt talks failed, prompting Ukrainian President Viktor Yushchenko to warn of a possible new "gas war" with Moscow.

PPC Loses Another Battle

PPC Loses Another Battle

The clash between the Public Power Corporation (PPC) and Aluminium of Greece (AoG) is showing no sign of abatement. On Thursday an Athens court deferred an injunction case filed by AoG against PPC until June 2009, which effectively perpetuates the transitional status of electricity supply by Aluminium of Greece.

Talks Between Gazprom, Ukraines Naftogaz Underway

Talks Between Gazprom, Ukraine's Naftogaz Underway

Ukraine's state-owned oil and gas monopoly Naftogaz Ukrainy and Russian gas monopoly OAO Gazprom (GAZP.RS) are in talks to resolve the payment dispute, which caused Gazprom to reduce the gas supply to Ukraine, a person familiar with the matter said Monday.

Irans New National Oil Co Head Presents 19-Point Plan

Iran's New National Oil Co Head Presents 19-Point Plan

The new head of National Iranian Oil Co., or NIOC, has presented a 19-point action plan to improve Iran's oil and gas industry, the oil ministry's official Shana Web site reported Monday.

Russia Feb Oil Output 9.796 Million B/D, +0.2% On Mo

Russia Feb Oil Output 9.796 Million B/D, +0.2% On Mo

Russia produced an average of 9.8 million barrels a day of crude oil and condensate in February, the news agency Interfax reported Monday, citing Ministry of Industry and Energy statistics.

UK Min: Nuclear Fuel Plant Producing Almost Nothing

UK Min: Nuclear Fuel Plant Producing Almost Nothing

The mixed oxide or Mox nuclear fuel plant in Sellafield, U.K., which was built to supply atomic fuel to foreign nuclear power plants, has produced almost nothing since it was opened six years ago, the Guardian daily reports Monday citing U.K. Energy Minister Malcolm Wicks

OPEC Pres: Could Keep Or Cut Output To Stabilize Mkt

OPEC Pres: Could Keep Or Cut Output To Stabilize Mkt

The Organization of Petroleum Exporting Countries' President Chakib Khelil said the group could keep the current output ceiling or reduce it in order to reestablish a balanced and stable market, the official Kuwaiti news agency Kuna reported Monday.

EU Energy Unbundling Gains Momentum On E.ON Grid Sale

EU Energy Unbundling Gains Momentum On E.ON Grid Sale

The European Commission's drive to separate gas and electricity grids from large utilities gained new momentum Thursday after German utility E.ON AG (EONGY) reversed its position on the matter.

E.ON, Gazprom To Build 1.2GW Gas-Fired Power Plant In Germany

E.ON, Gazprom To Build 1.2GW Gas-Fired Power Plant In Germany

E.ON AG (EONGY), the world's largest investor-owned utility by market value, Friday said it plans to jointly build and operate a gas-fired power plant with Russian natural gas monopoly Gazprom OAO (GAZP.RS) in Lubmin, northeastern Germany.

Libya:OPEC Unlikely To Change Output At Current Oil Price

Libya:OPEC Unlikely To Change Output At Current Oil Price

The Organization Of Petroleum Exporting Countries is unlikely to change its production level at a meeting on Wednesday if the oil price stays at about 100 dollars a barrel, acting Libyan Oil Minister Shokri Ghanem told AFP on Friday.