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UPDATE 1-China probes senior power official for graft

BEIJING, March 30 (Reuters) - A top executive of state-run China Southern Power Grid is under investigation for "serious disciplinary violations", the graft watchdog of Guangdong province said on Monday, as the government presses home its fight against pervasive corruption.

UPDATE 1-Japan's Sharp won't exit solar business as part of bank bailout - executive

SAKAI, Japan, March 30 (Reuters) - Loss-making Japanese electronics firm Sharp Corp said it plans to keep making solar cell products at a high-tech factory in western Japan, dismissing talk it may sell or exit the unprofitable business as it seeks backing from lenders for plans to revive the company.

Amid Yemen chaos, China keeps oil shipments flowing

LONDON, March 30 (Reuters) - China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week.

Nigeria election results due to start trickling in

ABUJA, March 30 (Reuters) - Results from Nigeria's elections, potentially the closest contest since the end of military rule in 1999, were due to start trickling in on Monday after a weekend vote marred by confusion, arguments and sporadic violence.

Italy's Saipem says needs more money to finish Poland's LNG terminal

WARSAW, March 30 (Reuters) - Italian firm Saipem will complete the delayed construction of Poland's liquefied natural gas (LNG) terminal this summer, but only if it receives further payment, Polish daily Rzeczpospolita said, quoting Saipem's spokeswoman.<

Ukraine's Naftogaz backs extending gas supply deal with Gazprom

KIEV, March 30 (Reuters) - Ukrainian state-run energy firm Naftogaz said on Monday it had proposed to Russian gas producer Gazprom that its current gas supply agreement be extended until April 1, 2016, and that it was ready to discuss the proposal.

Australia shares slump on falling metals, oil prices

SYDNEY, March 30 (Reuters) - Australian shares fell sharply on Monday as resources stocks followed oil and metals prices lower, while Caltex Australia's stock slumped as U.S. energy giant Chevron Corp sold its entire stake at a discounted price.

COLUMN-Who took my gas? Australia's LNG boom hurts locals: Russell

LAUNCESTON, Australia, March 30 (Reuters) - It's somewhat ironic that as Australia ramps up to being the world's biggest exporter of liquefied natural gas (LNG), domestic industries are under threat from not being able to source the fuel.

Clashes with Taliban halt supply of power in south Afghanistan

KABUL, March 30 (Reuters) - Clashes between Afghan forces and the Taliban have cut off the main supply of power to Afghanistan's Helmand and Kandahar provinces, according to residents and the chief of the national power company.

Dubai's national oil company considers expanding upstream presence: Petrodollars

During periods of low oil prices, opportunities to acquire exploration and production assets at bargain prices often present a silver lining for well-capitalized companies.

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