EU takes swipe at Russia in proposed energy policy

Article Abstract:

A proposal by the European Union would prevent foreign energy firms from purchasing energy transmission assets if they also generate or supply energy. The proposal aims to prevent single-entity dominance of both supply and transmission functions, improving competition. It would also restrict Russian gas firm OAO Gazprom's plans to purchase transmission networks in Europe.

Legal issues & crime, Government regulation (cont), Government domestic functions, Government regulation, Russia, Legal/Government Regulation, Oil and Gas Field Services, Laws, regulations and rules, Energy policy, Petroleum services industry

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Iran, flush with oil cash, seems to cool to foreign investments

Article Abstract:

Iran seems to have cooled to foreign investment, although there are retainers (mostly European) in the oil industry. The European Union is hoping diplomatic engagement will aid in preventing the development of nuclear arms. A deal with the Turkish mobile telephone operator, Turkcell Iletism Hizmetleri A.S. was stopped by the Iranian parliament.

Contracts & orders received, Economic Programs, Administration of Economic Programs, International politics, Iran, Contracts & orders let, Industry Overview, Europe, Economic aspects, Contracts, International relations, Contract agreement

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U.K. could be first in West to lift rates

Article Abstract:

The United Kingdom could be the first major economy in the West to tighten its monetary policy. The Bank of England may increase interest rates from their current level.

United Kingdom, Strategy & planning, Financial management, Interest Rates, Planning, Finance, Monetary policy, Powers and duties, Company business planning, Company financing, United Kingdom. Bank of England

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