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Turkey's Foreign Minister Ahmet Davutoglu, seen here in ...

(AFP/File) — Fri, 03 Jul 2009 19:30:33 GMT

(AFP/File) - Turkey's Foreign Minister Ahmet Davutoglu, seen here in June 2009, addresses a press conference in Berlin. Russian Gazprom's recent deal to buy natural gas from Azerbaijan will not endanger Europe's flagship pipeline project Nabucco, Davutoglu said.(AFP/File/John Macdougall)

Turkey's Prime Minister Tayyip Erdogan, seen here on June ...

(AFP/file) — Fri, 03 Jul 2009 19:30:33 GMT

(AFP/file) - Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13.(AFP/file/Dominique Faget)

Algeria's Minister of Energy Chakib Khelil is pictured in ...

(AFP/File) — Fri, 03 Jul 2009 16:48:27 GMT

(AFP/File) - Algeria's Minister of Energy Chakib Khelil is pictured in May 2009. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Samuel Kubani)

A woman carries tapioca seeds next to a gas flare fire near ...

(AFP/File) — Fri, 03 Jul 2009 16:48:27 GMT

(AFP/File) - A woman carries tapioca seeds next to a gas flare fire near Warri, 2007. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Lionel Healing)

A woman carries tapioca seeds next to a gas flare fire near ...

(AFP/File) — Fri, 03 Jul 2009 14:51:49 GMT

(AFP/File) - A woman carries tapioca seeds next to a gas flare fire near Warri, 2007. Three African countries signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Lionel Healing)

A gas leak at a pipeline owned by EnCana in Canada's western ...

(AFP/File) — Thu, 02 Jul 2009 21:56:09 GMT

(AFP/File) - A gas leak at a pipeline owned by EnCana in Canada's western British Columbia province was caused by a blast that police said Thursday is the fifth act of sabotage in the region since October 2008.(AFP/File)

The aftermath of an oil pipeline leak and subsequent fire in ...

(AFP/File) — Tue, 30 Jun 2009 17:21:10 GMT

(AFP/File) - The aftermath of an oil pipeline leak and subsequent fire in the southern Nigerian village of Goi, in the Niger delta region, 2004. The pollution caused by half a century of oil extraction in Nigeria is one of the world's most disturbing examples of the curse of natural resources, a global rights lobby group said Tuesday.(AFP/File)

Workers walk through Al-Shiaaba oil refinery and the pipeline ...

(AP) — Tue, 30 Jun 2009 17:14:43 GMT

(AP) - Workers walk through Al-Shiaaba oil refinery and the pipeline near the southern Iraqi city of Basra, Iraq's second largest city 550 kilometer (340 miles) southeast of Baghdad, Iraq, Tuesday, June 30, 2009. International oil companies were submitting bids for six oil and two gas fields more than 30 years after Saddam Hussein nationalized the oil sector and expelled foreign firms. (AP Photo/Nabil Al-Jurani)

Iraqi workers operate the valves at the Al-Shiaaba oil refinery ...

(AP) — Tue, 30 Jun 2009 17:14:23 GMT

(AP) - Iraqi workers operate the valves at the Al-Shiaaba oil refinery and the pipeline near the southern Iraqi city of Basra, Iraq's second largest city 550 kilometer (340 miles) southeast of Baghdad, Iraq, Tuesday, June 30, 2009. International oil companies were submitting bids for six oil and two gas fields more than 30 years after Saddam Hussein nationalized the oil sector and expelled foreign firms. (AP Photo/Nabil Al-Jurani)

A worker operates the valves at the Al-Shiaaba oil refinery ...

(AP) — Tue, 30 Jun 2009 17:12:50 GMT

(AP) - A worker operates the valves at the Al-Shiaaba oil refinery and the pipeline near the southern Iraqi city of Basra, Iraq's second largest city 550 kilometer (340 miles) southeast of Baghdad, Iraq, Tuesday, June 30, 2009. International oil companies were submitting bids for six oil and two gas fields more than 30 years after Saddam Hussein nationalized the oil sector and expelled foreign firms. (AP Photo/Nabil Al-Jurani)

A general view of an oil refinery in the southern Rumaila area. ...

(AFP/File) — Tue, 30 Jun 2009 16:57:28 GMT

(AFP/File) - A general view of an oil refinery in the southern Rumaila area. Foreign energy companies snubbed Iraq on Tuesday by rejecting all but one deal to develop the country's oil and gas sector, in what had been the first such opportunity in nearly four decades.(AFP/File/Essam al-Sudani)

Iraqi Oil Minister Hussein al-Shahristani (L) speaks with Chinese ...

(AFP) — Tue, 30 Jun 2009 16:57:28 GMT

(AFP) - Iraqi Oil Minister Hussein al-Shahristani (L) speaks with Chinese Ambassador Chang Yi during the unveiling of the names of the foreign firms vying for contracts to develop key Iraqi oil and gas fields, in Baghdad. Foreign energy companies snubbed Iraq by rejecting all but one deal to develop the country's oil and gas sector, in what had been the first such opportunity in nearly four decades.(AFP/Sabah Arar)

Map of Iraq showing oil and gas fields and pipelines covered ...

(AFP/Graphic) — Tue, 30 Jun 2009 16:57:28 GMT

(AFP/Graphic) - Map of Iraq showing oil and gas fields and pipelines covered by the first bidding round. Foreign energy companies snubbed Iraq on Tuesday by rejecting all but one deal to develop the country's oil and gas sector, in what had been the first such opportunity in nearly four decades.(AFP/Graphic)

Iraqi Oil Minister Hussein al-Shahristani looks over during ...

(AFP) — Tue, 30 Jun 2009 16:57:28 GMT

(AFP) - Iraqi Oil Minister Hussein al-Shahristani looks over during the bidding process to unveiling of the names of the foreign firms that have won contracts to develop key oil and gas fields in central Baghdad. Foreign energy companies snubbed Iraq on Tuesday by rejecting all but one deal to develop the country's oil and gas sector, in what had been the first such opportunity in nearly four decades.(AFP/Sabah Arar)

An Iraqi policeman provides security at the Al-Shiaaba oil refinery ...

(AP) — Tue, 30 Jun 2009 16:46:48 GMT

(AP) - An Iraqi policeman provides security at the Al-Shiaaba oil refinery and the pipeline near the southern Iraqi city of Basra, Iraq's second largest city 550 kilometer (340 miles) southeast of Baghdad, Iraq, Tuesday, June 30, 2009. International oil companies were submitting bids for six oil and two gas fields more than 30 years after Saddam Hussein nationalized the oil sector and expelled foreign firms. (AP Photo/Nabil Al-Jurani)

An Iraqi worker opens a pipeline at the Shuaiba oil refinery ...

(AFP) — Sun, 28 Jun 2009 11:40:36 GMT

(AFP) - An Iraqi worker opens a pipeline at the Shuaiba oil refinery near Basra. Iraq's oil ministry said an event to announce the names of foreign and large state-owned firms awarded major contracts has been delayed by a day because of sandstorms in Baghdad.(AFP/Ahmad al-Rubaye)

FILE - In ths May 31, 2009 file photo, an employee works at ...

(AP) — Fri, 26 Jun 2009 20:22:15 GMT

(AP) - FILE - In ths May 31, 2009 file photo, an employee works at Tawke oil fields in the semiautonomous Kurdish region in northern Iraq. When Iraq on Monday, June 29, begins auctioning off the rights for foreign companies to help revive its oil industry, the prize isn't what the companies would like: 20-year service contracts that will pay them fixed fees — up to $16 billion in total — for helping the country boost output. (AP Photo/Hadi Mizban, File)

Turkey's Prime Minister Tayyip Erdogan and European Union ...

(Reuters) — Fri, 26 Jun 2009 12:54:54 GMT

(Reuters) - Turkey's Prime Minister Tayyip Erdogan and European Union Enlargement Commissioner Olli Rehn (R) pose for photographers during the Crans Montana economic forum in Brussels June 26, 2009. Turkish and European Union officials said on Friday they were optimistic agreement could be reached soon on bringing Turkey into the planned Nabucco gas pipeline project. REUTERS/Francois Lenoir (BELGIUM POLITICS BUSINESS ENERGY)

Turkey's Prime Minister Tayyip Erdogan and European Union ...

(Reuters) — Fri, 26 Jun 2009 12:42:20 GMT

Vehicles travel along a highway in Korla, an oil town on the ...

(AFP/File) — Fri, 26 Jun 2009 06:52:54 GMT

(AFP/File) - Vehicles travel along a highway in Korla, an oil town on the edge of the Tarim Basin and the Taklamakan Desert in China's far west Xinjiang Region. China is planning a fourth gas pipeline linking its resource-rich western region and the energy-hungry industrial belt in the south and east, state media reported.(AFP/File/Frederic J. Brown)

The Pengrowth Saddledome stands as one of the icons of the Calgary, ...

(Reuters) — Thu, 25 Jun 2009 18:01:14 GMT

(Reuters) - The Pengrowth Saddledome stands as one of the icons of the Calgary, Alberta skyline June 25, 2009. Calgary is home to the headquarters of Canada's oil industry. REUTERS/Todd Korol (CANADA CITYSCAPE TRAVEL SOCIETY)

The Pengrowth Saddledome stands as one of the icons of the Calgary, ...

(Reuters) — Thu, 25 Jun 2009 17:57:43 GMT

FILE - In this Nov. 24, 2008 file photo, Iraqi Oil Minister ...

(AP) — Thu, 25 Jun 2009 17:17:10 GMT

(AP) - FILE - In this Nov. 24, 2008 file photo, Iraqi Oil Minister Hussain al-Sharistani speaks to reporters after a meeting with Kurdish government officials in Irbil, a city in the Kurdish controlled north 350 kilometers (217 miles) north of Baghdad, Iraq. Three decades after being booted out of the country following Saddam Hussein's 1972 nationalization of the oil industry, international oil companies are poised make their Iraqi debut next week in a milestone bidding round for a slice of the country's vast crude reserves.(AP Photo/Yahya Ahmed, File)

FILE - In this July 3, 2008 file photo, a worker controls a ...

(AP) — Thu, 25 Jun 2009 17:17:00 GMT

(AP) - FILE - In this July 3, 2008 file photo, a worker controls a valve on a pipeline at the Zubair Moshrif oil field, 372 miles southeast of Baghdad, Iraq. Three decades after being booted out of the country following Saddam Hussein's 1972 nationalization of the oil industry, international oil companies are poised to make their Iraqi debut next week in a milestone bidding round for a slice of the country's vast crude reserves. (AP Photo/Nabil al-Jurani, File)

Shell's oil and gas terminal on Bonny Island in southern ...

(AFP/File) — Thu, 25 Jun 2009 14:28:17 GMT

(AFP/File) - Shell's oil and gas terminal on Bonny Island in southern Nigeria's Niger Delta. Nigerian rebels say they have carried out a pre-dawn attack against Royal Dutch Shell facilities in a warning to Russia not to invest in the country's oil and gas industry.(AFP/File/Pius Utomi Ekpei)

A file phot shows rebels from MEND (Movement for the Emancipation ...

(AFP/File) — Thu, 25 Jun 2009 10:17:54 GMT

(AFP/File) - A file phot shows rebels from MEND (Movement for the Emancipation of the Niger Delta) on a boat in the Niger Delta in 2008. Nigerian rebels said they carried out a pre-dawn attack against Royal Dutch Shell facilities as part of a drive to cripple their country's multi-billion-dollar oil industry(AFP/File/Dave Clark)

Map of the Niger Delta showing oil fields and main operators, ...

(AFP/Graphic) — Thu, 25 Jun 2009 10:17:54 GMT

(AFP/Graphic) - Map of the Niger Delta showing oil fields and main operators, including Shell. Nigerian rebels said Thursday they carried out a pre-dawn attack against Royal Dutch Shell facilities in a warning to Russia not to invest in the country's oil and gas industry.(AFP/Graphic)

File photo shows a boatman riding past a oil station belonging ...

(AFP/File) — Thu, 25 Jun 2009 10:17:54 GMT

(AFP/File) - File photo shows a boatman riding past a oil station belonging to energy giant Shellin the Niger Delta, Nigeria. Nigerian rebels said they carried out a pre-dawn attack against Royal Dutch Shell facilities in a warning to Russia not to invest in the country's oil and gas industry.(AFP/File/Dave Clark)

Russian President Dmitry Medvedev visits a monument to those ...

(AFP/Ria Novosti/Pool) — Thu, 25 Jun 2009 10:17:54 GMT

(AFP/Ria Novosti/Pool) - Russian President Dmitry Medvedev visits a monument to those who died for Nigeria's independence in Abuja. Nigerian rebels said that they carried out a pre-dawn attack against Royal Dutch Shell facilities as part of a drive to cripple their country's multi-billion-dollar oil industry.(AFP/Ria Novosti/Pool/Dmitry Astakhov)

Nigerian rebels said they carried out a pre-dawn attack against ...

(AFP/File) — Thu, 25 Jun 2009 10:16:36 GMT

(AFP/File) - Nigerian rebels said they carried out a pre-dawn attack against Royal Dutch Shell facilities as part of a drive to cripple their country's multi-billion-dollar oil industry(AFP/File/Dave Clark)

Map of the Niger Delta showing oil fields and main operators, ...

(AFP/Graphic) — Thu, 25 Jun 2009 10:16:36 GMT

(AFP/Graphic) - Map of the Niger Delta showing oil fields and main operators, including Shell(AFP/Graphic/Gil)

File photo shows security officers on the rooftop of the headquarters ...

(AFP) — Wed, 24 Jun 2009 06:39:08 GMT

(AFP) - File photo shows security officers on the rooftop of the headquarters of the oil cartel, OPEC, in Vienna, Austria. After Saudi Arabia, Iran is the second largest member of the 12-nation OPEC group, which accounts for 40 percent of all world crude supplies.(AFP/Joe Klamar)

Czech Republic's Industry Minister Vladimir Tosovsky (L) ...

(Reuters) — Tue, 23 Jun 2009 12:55:54 GMT

(Reuters) - Czech Republic's Industry Minister Vladimir Tosovsky (L) and OPEC President Jose Maria Botelho de Vasconcelos address a news conference after a "EU-OPEC energy dialogue" conference in Vienna June 23, 2009. Oil markets risk another price bubble if the global financial sector is not reformed and transparency increased, the European Union said on Tuesday. REUTERS/Heinz-Peter Bader (AUSTRIA)

Czech Republic's Industry Minister Vladimir Tosovsky listens ...

(Reuters) — Tue, 23 Jun 2009 12:54:43 GMT

(Reuters) - Czech Republic's Industry Minister Vladimir Tosovsky listens during a news conference after a "EU-OPEC energy dialogue" conference in Vienna June 23, 2009. Oil markets risk another price bubble if the global financial sector is not reformed and transparency increased, the European Union said on Tuesday. REUTERS/Heinz-Peter Bader (AUSTRIA POLITICS ENERGY)

Oil Minister of Equador Germanico Pinto addresses a news conference ...

(Reuters) — Tue, 23 Jun 2009 12:51:17 GMT

(Reuters) - Oil Minister of Equador Germanico Pinto addresses a news conference after a "EU-OPEC energy dialogue" conference in Vienna June 23, 2009. Oil markets risk another price bubble if the global financial sector is not reformed and transparency increased, the European Union said on Tuesday. REUTERS/Heinz-Peter Bader (AUSTRIA POLITICS ENERGY HEADSHOT)

Oil Minister of Equador Germanico Pinto addresses a news conference ...

(Reuters) — Tue, 23 Jun 2009 12:48:46 GMT

European Union Energy Commissioner Andris Piebalgs of Latvia ...

(Reuters) — Tue, 23 Jun 2009 12:48:39 GMT

(Reuters) - European Union Energy Commissioner Andris Piebalgs of Latvia sits behind a flag with the OPEC logo during a news conference after a "EU-OPEC energy dialogue" conference in Vienna June 23, 2009. Oil markets risk another price bubble if the global financial sector is not reformed and transparency increased, the European Union said on Tuesday. REUTERS/Heinz-Peter Bader (AUSTRIA POLITICS ENERGY)

OPEC President Jose Maria Botelho de Vasconcelos listens during ...

(Reuters) — Tue, 23 Jun 2009 12:42:33 GMT

(Reuters) - OPEC President Jose Maria Botelho de Vasconcelos listens during a news conference after a "EU-OPEC energy dialogue" conference in Vienna June 23, 2009. Oil markets risk another price bubble if the global financial sector is not reformed and transparency increased, the European Union said on Tuesday. REUTERS/Heinz-Peter Bader (AUSTRIA POLITICS ENERGY HEADSHOT IMAGES OF THE DAY)

OPEC Secretary General Abdullah al-Badri, Czech Republic's ...

(Reuters) — Tue, 23 Jun 2009 12:39:12 GMT

(Reuters) - OPEC Secretary General Abdullah al-Badri, Czech Republic's Industry Minister Vladimir Tosovsky and OPEC President Jose Maria Botelho de Vasconcelos (L-R) prepare for a news conference after a "EU-OPEC energy dialogue" conference in Vienna June 23, 2009. REUTERS/Heinz-Peter Bader (AUSTRIA POLITICS ENERGY BUSINESS)

Vladimir Tosovsky, left, President of the EU Energy Council ...

(AP) — Tue, 23 Jun 2009 12:32:46 GMT

(AP) - Vladimir Tosovsky, left, President of the EU Energy Council and Minister of Industry and Trade of the Czech Republic and Jose Maria Botelho de Vasconcelos, right, President of the of the Organization of the Petroleum Exporting Countries, OPEC, conference and Minister of Petroleum from Angola speak at a news conference after a meeting of the EU-OPEC energy dialogue at the OPEC's headquarters in Vienna, Austria, on Tuesday, June 23, 2009. (AP Photo/Ronald Zak)

EU Commissioner for Energy Andris Piebalgs speaks at a news ...

(AP) — Tue, 23 Jun 2009 12:19:17 GMT

(AP) - EU Commissioner for Energy Andris Piebalgs speaks at a news conference after a meeting of the EU-OPEC energy dialogue at the OPEC's headquarters in Vienna, Austria, on Tuesday, June 23, 2009. (AP Photo/Ronald Zak)

Jose Maria Botelho de Vasconcelos, President of the of the Organization ...

(AP) — Tue, 23 Jun 2009 12:16:57 GMT

(AP) - Jose Maria Botelho de Vasconcelos, President of the of the Organization of the Petroleum Exporting Countries, OPEC, conference and Minister of Petroleum from Angola talks at a news conference after a meeting of the EU-OPEC energy dialogue at the OPEC's headquarters in Vienna, Austria, on Tuesday, June 23, 2009. (AP Photo/Ronald Zak)

Vladimir Tosovsky, left, President of the EU Energy Council ...

(AP) — Tue, 23 Jun 2009 12:16:27 GMT

(AP) - Vladimir Tosovsky, left, President of the EU Energy Council and Minister of Industry and Trade of the Czech Republic talks with Jose Maria Botelho de Vasconcelos, right, President of the of the Organization of the Petroleum Exporting Countries, OPEC, conference and Minister of Petroleum from Angola before a news conference after a meeting of the EU-OPEC energy dialogue at the OPEC's headquarters in Vienna, Austria, on Tuesday, June 23, 2009. (AP Photo/Ronald Zak)

Vladimir Tosovsky, left, President of the EU Energy Council ...

(AP) — Tue, 23 Jun 2009 12:15:15 GMT

Workers repair an exploded pipeline carrying Russian gas in ...

(AFP/File) — Tue, 23 Jun 2009 08:03:50 GMT

(AFP/File) - Workers repair an exploded pipeline carrying Russian gas in Moldova. South Korean and Russian officials have held talks on a huge natural gas deal, which could involve plans to build a pipeline across North Korea amid heightened regional tensions.(AFP/File/Vadim Denisov)

A transfer station in Belarus carrying Russian gas to the former ...

(AFP/File) — Tue, 23 Jun 2009 08:03:50 GMT

(AFP/File) - A transfer station in Belarus carrying Russian gas to the former Soviet republic. South Korean and Russian officials have held talks on a huge natural gas deal, which could involve plans to build a pipeline across North Korea amid heightened regional tensions.(AFP/File/Viktor Drachev)

A fighter from the Movement for the Emancipation of the Niger ...

(AFP/File) — Sun, 21 Jun 2009 15:59:06 GMT

(AFP/File) - A fighter from the Movement for the Emancipation of the Niger Delta (MEND) holds up his heavy machine-gun at the militia's creek camp in the Niger Delta, 2008. MEND claimed three attacks in one day against Royal Dutch Shell's facilities as part of a campaign to cripple Nigeria's multi-billion-dollar oil industry.(AFP/File/Pius Utomi Ekpei)

The Agip logo on the Nurburgring racetrack in Germany. Nigeria's ...

(AFP/File) — Fri, 19 Jun 2009 15:55:58 GMT

(AFP/File) - The Agip logo on the Nurburgring racetrack in Germany. Nigeria's main militant group says it has destroyed a major pipeline supplying crude oil to Italian oil group Agip's Brass exports terminal.(AFP/File/Pierre Verdy)

A fighter of the Movement for the Emancipation of the Niger ...

(AFP/File) — Fri, 19 Jun 2009 15:55:58 GMT

(AFP/File) - A fighter of the Movement for the Emancipation of the Niger Delta (MEND), poses with a heavy machine-gun at the militia's creek camp in the Niger Delta last year. Nigeria's main militant group says it has destroyed a major pipeline supplying crude oil to Italian oil group Agip's Brass exports terminal.(AFP/File/Pius Utomi Ekpei)

A motorist drives out of an Agip petrol station and depot in ...

(Reuters) — Fri, 19 Jun 2009 13:35:37 GMT

(Reuters) - A motorist drives out of an Agip petrol station and depot in Nigeria's capital Abuja, June 19, 2009. Nigeria's main militant group said on Friday it had attacked an oil pipeline operated by Italian energy firm Agip, widening a campaign which has so far targeted Chevron and Royal Dutch Shell. REUTERS/Afolabi Sotunde (NIGERIA CONFLICT ENERGY)