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News

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Nigeria is Africa's Largest Oil Exporter

Aug 27, 2011 at 08:11 | Joao Peixe

The office of President Goodluck Jonathan's, summing up his first 100 days in office, declared that one of his administration’s achievements was Nigeria again retaining its position as Africa’s largest…

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Mongolia's Energy Sector Booming

Aug 25, 2011 at 18:39 | Charles Kennedy

Mongolia’s rising mineral and fuel production is transforming the nation’s economy. The European Bank for Reconstruction and Development (EBRD) predicted last month that the economy will grow by 9 percent…

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South Korea Investing in Kazakhstan Energy Projects

Aug 25, 2011 at 18:38 | Charles Kennedy

South Korean President Lee Myung-bak is currently visiting Kazakhstan. In one result of Lee’s visit, South Korea and Kazakhstan have signed agreements for two $4 billion projects to build a…

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Iran's Energy Sector Beset by Problems

Aug 25, 2011 at 18:37 | Joao Peixe

Iran Petrochemical Industries Company executive director Abdel Hoseyn Bayat has criticized shortcomings in the country’s energy sector, telling journalists, "Currently the installed capacity at the petrochemical units has come close…

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Thailand Uncovers Illegal Oil Trading in Southern Border Provinces

Aug 25, 2011 at 18:36 | Joao Peixe

Thailand’s Southern Border Provinces Administration Center (SBPAC) has uncovered massive fuel smuggling operations in the country’s southern provinces. SBPAC member Chaiyong Maneerungsakul said, "In the aggregate, each day, there is…

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Azeri Economy, More Dependent on Oil Exports than Ever

Aug 25, 2011 at 18:34 | Charles Kennedy

Azerbaijan’s State Customs Committee reported that during the period January-June 2011, crude oil made up 86.23 percent of Azerbaijan’s exports and oil products, 5.57 percent. Compared to January-July 2010, oil…

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Despite Controversy, China Embraces Shale Gas Extraction

Aug 24, 2011 at 18:31 | Joao Peixe

According to China’s Ministry of Land and Resources, the government is preparing to declare shale gas a priority mineral. In the West, particularly the United States, the practice of extracting…

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Iran’s Kish International Oil Bourse Completes First Oil Transaction

Aug 24, 2011 at 18:30 | Charles Kennedy

Iran’s Kish Island International Oil Bourse (IOB), which opened last month, has completed its first oil transaction after its official opening earlier this month. The IOB, the Persian Gulf region's…

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North Korea Exploring for Lucrative Rare Earth Elements

Aug 24, 2011 at 18:13 | Charles Kennedy

Buoyed by record world prices for rare earth elements (RREs), North Korea has begun seeking deposits on its territory to help with its chronic international trade and budget deficits. 

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U.S. Government Interested in Nigeria’s Energy Infrastructure

Aug 24, 2011 at 18:12 | Joao Peixe

U.S. Ambassador to Nigeria, Mr. Terence McCulley has told the Nigerian government of Washington’s interest in the country’s energy sector. Following a meeting with Nigeria’s Minister of Power Bart Nnaji,…

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