Kiev  - Masked government agents broke into the headquarters of Ukraine national natural gas company Naftogaz Ukrainy on Wednesday to search the premises, with the country's national intelligence agency SBU saying the raid was part of an anti-corruption action.

The armed men wore black combat uniforms commonly used by Ukrainian special force police and military units, witnesses said.

The SBU assault teams totalling 20-30 troopers were moving through Naftogaz offices searching for unidentified documents, they said.

Vienna - The price for cru

The Tulsi Tanti-controlled wind turbine maker Suzlon Energy and China based Inner Mongolia North Longyuan Wind Power Corporation have formed a joint venture on Tuesday. The JV aims to supply wind turbines of 100 megawatt for a World Bank funded project in China. The company recently bagged order for 80 turbines from Inner Mongolia North Longyuan Wind Power Corporation.

The JV, signed by Chinese Subsidiary of Suzlon Energy, Suzlon Energy Tianjin, would ensure delivery of 80 units of Suzlon's 1.25 megawatt turbines in two lots in the financial years 2010 and 2011.

State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) has revealed that the company is presently setting up a manufacturing unit at Tirumayam in Tamil Nadu at an investment of Rs 250 crore.

The project, to be funded through internal accruals, is part of the company’s manufacturing capacity expansion programme, a company official said.

The new plant would initially produce about 25,000 metric tonne of boiler components.

State-run fuel retailers on Saturday slashed jet fuel or ATF rates by a further 7 per cent.

The latest cut is the eleventh reduction in aviation turbine fuel (ATF) since September 2008, helping prices slide by about 61% since August last.

It should be noted that ATF prices peaked to Rs 71,028.26 per kilolitre in Delhi in August 2008 when international crude prices touched $147 a barrel. ATF makes up nearly
40% of airlines' operating costs.

Peshawar, Feb. 27: Iranian Consul General Muhammad Iqbal Asghari has said that talks on the Pakistan-Iran gas pipeline are in their final stages.

Asghari said the Iranian government was aware of Pakistan's requirement of gas, had preferred to supply gas to Pakistan, rejecting Swiss and Bulgarian proposals, the Daily Times reports.

Iran boasts of having world''s second-largest gas reserves after Russia but poor management, politics and construction delays are blocking it from becoming a major exporter.