Energy Blast – July 16, 2010

President Medvedev has upped the pressure on Iran, urging Tehran to clarify the ‘military components’ of its nuclear program, despite this week’s collaborative energy ‘road map’ plans.  Among its many recent deals with Russia, German engineer Siemens will supply Russia with 250 to 500 megawatt wind turbines over the next five years.  Foreign companies involved in exploration in Uzbekistan, among them Lukoil and Gazprom, plan to invest over $1.9 billion between 2010 and 2015, ITAR-TASS reports.  Canada’s Uranium One has reportedly approved the sale of a controlling stake in the company to Russian state-owned miner ARMZ in exchange for stakes in two mines in southern Kazakhstan.  Bloomberg offers a reason why buying from the BP asset sale could prove inadvisable.  Kazakhstan has taken its fight with Chevron up a notch, by opening an economic crimes unit investigation into the US major’s activities in the country.