Energy Update

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April 14 (Reuters) - The Organization of Petroleum Exporting Countries should cut its target daily production of oil by at least 5 percent, or approximately 1.5 million barrels, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Tuesday.

JOHANNESBURG, April 14 (Reuters) - South Africa has named preferred bidders for the fourth round of a series of renewable energy projects, that will add about 1,000 megawatts (MW) of power to its ailing grid, industry insiders said on Tuesday.

* Turkish Stream pipeline project still undecided (Adds detail, comments)

In Washington, the Environmental Protection Agency (EPA) released a proposed consent decree in litigation brought against EPA by, the American Petroleum Institute (API) and the American Fuel and Petrochemical Manufacturers (AFPM), that would establish the following schedule for issuing Renewable Fuel Standards for 2014 and 2015:

MADRID, April 14 (Reuters) - Spain's Criteria, the parent company of lender Caixabank, is considering the sale of 4 percent of energy firm Gas Natural, a source with direct knowledge of the matter told Reuters on Tuesday.

If you go far enough left or right on the American political spectrum, you end up in the same place: trashing utilities for trying to kill the solar-power revolution.

* French govt wants information on jobs, deal rationale (Adds market share, CEOs meeting with President, products)

KUALA LUMPUR, April 14 (Reuters) - Malaysian oil field services firm Bumi Armada Bhd has won contracts worth $300 million to provide a floating storage unit in Delimara, Malta, to ElectroGas Malta Limited, it said on Tuesday.

JAKARTA, April 14 (Reuters) - BP said it would be tough to proceed with financing for a planned third LNG train at its Tangguh project in West Papua, Indonesia, without buyers for the remaining 1.3 million tonnes of annual output from the production plant.

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