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CTG Continues Activity in Brazil’s Hydropower Market and Plans for More Development in South America

Wang Shaofeng, executive vice-president of China Three Gorges International Corp., a Beijing-based subsidiary of China Three Gorges Corp., reports the company will bid to build and operate the planned 8,000-MW Tapajos hydroelectric facility on the Tapajos River in Brazil.

EDF chief's gambit suggests will get backing for Hinkley Point

PARIS, March 16 (Reuters) - An apparent ultimatum from the chief executive of EDF suggests he is confident that the French government will provide the additional financial support he wants for a plan to build nuclear reactors in Britain.

Nigeria's state oil company denies claim it failed to remit $16 bln in 2014

LAGOS, March 16 (Reuters) - Nigeria's state oil company on Wednesday said a report by the auditor-general which made allegations that it had failed to remit 3.2 trillion naira ($16 billion) in revenues to the government in 2014 were wrong.

UPDATE 2-Britain to cut taxes for North Sea oil producers by $1.4 bln

* BP, Shell shares rise, outperform index (Updates with company, analyst comments, share price, details)

UPDATE 1-U.S. crude oil inventories hit record high for fifth week - EIA

NEW YORK, March 16 (Reuters) - U.S. crude oil stocks rose last week rose to record highs for a fifth straight week while gasoline inventories fell amid strong demand for the motor fuel, data from the Energy Information Administration showed on Wednesday.

UPDATE 2-India signs energy deals with Russia's Rosneft

* Rosneft aims to finalise Indian refinery deal by end-June (Recasts, adds detail)

Nigeria and Equatorial Guinea sign maritime security agreement

ABUJA, March 16 (Reuters) - Nigeria and Equatorial Guinea signed an agreement to establish combined patrols to bolster security in the Gulf of Guinea, which has been plagued by piracy in the last few years, a spokesman for Nigeria's president said on Wednesday.

EU leaders sign letter objecting to Nord Stream-2 gas link

VILNIUS, March 16 (Reuters) - Eight EU governments have signed a letter objecting to the Nord Stream-2 project that would double the amount of gas shipped directly from Russia to Germany, according to a document seen by Reuters.

MIDEAST STOCKS-Oil rise boosts Saudi, Egypt continues post-devaluation rally

DUBAI, March 16 (Reuters) - Saudi Arabia's stock market rose on Wednesday in response to a surge in oil prices but most of the Gulf was sluggish because of profit-taking.

Brazil's Rousseff resumes talks with Lula on Cabinet post

BRASILIA, March 16 (Reuters) - Brazilian President Dilma Rousseff resumed talks on Wednesday morning with her predecessor Luiz Inacio Lula da Silva on him taking up a Cabinet post following inconclusive discussions late on Tuesday.

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