Energy Update

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BEIJING, March 7 (Reuters) - China's carbon emissions, by far the world's highest, may have peaked in 2014, according to a study published on Monday, potentially putting Beijing under pressure to toughen its climate pledges.

Ecopetrol reports that its Board of Directors have approved a 2016-2020 road map for the Barrancabermeja Refinery, with the objective of maximizing its long-term competitiveness and sustainability, as established in Ecopetrol's strategic plan announced in May 2015.

* UK, French governments said Hinkley Point is crucial (Adds source comment, details on EDF finances)

MILAN, March 6 (Reuters) - Russia's Gazprom is counting on its deep natural gas ties with Italy to revive plans aimed at bypassing Ukraine as a transit state for politically sensitive gas shipments to Europe.

PARIS, March 6 (Reuters) - French utility EDF's Finance Director Thomas Piquemal has resigned over the company's plan to build two nuclear reactors in Hinkley Point, Britain, a source familiar with the situation said on Sunday.

* Renzi denies suggestions Rome could deploy up to 5,000 troops

LONDON, March 6 (Reuters) - RWE's British business npower plans to cut about 2,500 jobs as it seeks to improve its financial performance, a source close to the matter said on Sunday.

LONDON, March 6 (Reuters) - RWE's British unit npower plans to cut around 2,500 jobs as it seeks to improve its financial performance, Sky News reported on Sunday, citing unidentified sources.

DUBAI, March 6 (Reuters) - A court in Iran has sentenced to death Iranian businessman Babak Zanjani and two accomplices for embezzlement, the judiciary said on Sunday, in a case widely watched due to the billionaire's prominent role in helping the government evade oil sanctions.

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