Nicosia, Dec 30 : Dana Gas country Director for Egypt Hany Elsharkawi has announced a new important gas and condensate discovery at the El Basant-2 well, in the West El Manzala Concession in the Nile Delta.

Dana Gas is the sixth biggest natural gas producer in Egypt and the first regional private sector natural gas company in the Middle East.

Elsharkawi said Dana Gas was by quite satisfied with the new discovery, which combined with other recent discoveries, showed that the company''s plans were well conceived.

Nagpur - based Confidence Petroleum has informed that it has acquired 80% equity stake in Garg Distilleries, for an undisclosed amount.

Garg Distilleries Pvt. Ltd, is an unlisted, closely-held ethanol manufacturing unit, located near Dhule, Shirpur (Maharashtra State) having an installed capacity of 32400 KL per annum and crude oil distillation of 12000 KL per annum.

The union government gave nod to an integrated energy policy to ensure the energy security and adequate economic growth in a recent meeting of the union cabinet. The meeting was held under the chairmanship of PM Dr. Manmohan Singh.

Taipei - Three Taiwanese coastal villages voted to reject a proposal by a German firm to build a wind farm Saturday.

More than 300 people from the three villages in Xinwu, Taoyuan County, north Taiwan, took part in the referendum on the wind farm plan by German's InfraVest GmbH

"All the participants are opposed to building the wind farm, unless InfraVest offers better proposals," Yeh Si-kuai, a member of the "Self Help Group," told Deutsche Presse-Agentur dpa by phone.

"All the local officials support our opposition to the wind farm. InfraVest people handed out leaflets explaining the wind farm, but we gave them our material detailing the harm of the wind farm." he said.

Moscow  - Russian gas export monopoly Gazprom said Friday that its dispute with Ukraine over payments could cause disruptions in deliveries to Western Europe, a news agency reported.

Gazprom spokesman Sergei Kupriyanov said that Gazprom head Alexei Miller had notified Europe's largest clients that it could not rule out the possibility of a cut off, according to Itar-Tass.

At issue is the lack of progress in reaching agreement with Ukraine's Naftogaz over 2 billion dollars in non-payments for imports by Kiev, with a New Year's deadline looming with threatened cut-offs by Gazprom.

Gazprom supplies about one-quarter of the European Union's gas needs, 80 per cent of which is shipped through Ukraine.

A subsidiary of Mukesh Ambani owned Reliance group, Reliance Petroleum Ltd has commissioned an export specific refinery near the existing unit in Jamnagar, Gujarat. Both units have the capacity to refine 1.24 million barrels of crude per day. US Company, Chevron has a 5% stake in the refinery and it would produce high quality Euro-IV and Euro-V grade fuels.