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News

Panama Has an Estimated 900 Million Barrels of Oil in Two Basins

Panama Has an Estimated 900 Million Barrels of Oil in Two Basins

Sep 03, 2011 at 10:50 | Joao Peixe

Panama’s National Energy Secretariat has announced that 900 million barrels of oil have been detected at two basins in eastern Panama, representing a potential contribution to the Panamanian Treasury of…

India's Atomic Fuel Reprocessing Capacity to be Upgraded

India's Atomic Fuel Reprocessing Capacity to be Upgraded

Sep 01, 2011 at 19:27 | Joao Peixe

India's Atomic Energy Commission reported that the country’s nuclear fuel reprocessing capacity will be greatly upgraded in order to provide for the nation’s indigenously designed Fast Breeder Reactors (FBRs), which…

Mongolia Seeking to Float Coking-Coal IPO in Three Financial Centers

Mongolia Seeking to Float Coking-Coal IPO in Three Financial Centers

Sep 01, 2011 at 19:26 | Joao Peixe

Mongolian government officials, speaking on condition of anonymity, have said that the government is preparing to issue an initial public offering or initial purchase offer (IPO) for the country’s Tavan…

California Governor Jerry Brown Urges Action on Clean Energy

California Governor Jerry Brown Urges Action on Clean Energy

Sep 01, 2011 at 19:24 | Charles Kennedy

Speaking at the fourth annual National Clean Energy Summit in Las Vegas, California Governor Jerry Brown urged attendees to boost efforts to promote clean, renewable energy sources. Brown said, "Climate…

$1.3 billion Indian Wind Power Plan to Power 225,000 Australian Homes

$1.3 billion Indian Wind Power Plan to Power 225,000 Australian Homes

Sep 01, 2011 at 19:23 | Charles Kennedy

India’s wind-power company Suzlon Energy, one of the world’s largest, is planning a $1.3 billion project in regional South Australia. The wind farm, if built, will generate enough electricity to…

Iranian Tax Official Says VAT for Oil Products Did Not Materialize in 2010

Iranian Tax Official Says VAT for Oil Products Did Not Materialize in 2010

Sep 01, 2011 at 19:21 | Joao Peixe

Taxation Affairs Organization for Value-Added Tax (VAT) deputy head Mohammad-Qasem Panahi has lamented his organization’s ability to collect revenue. Panahi said during an interview, "The total VAT revenue, including tax…

WikiLeaks Cable Suggests USA Supported Removing Gas Trader

WikiLeaks Cable Suggests USA Supported Removing Gas Trader

Aug 31, 2011 at 19:08 | Joao Peixe

On 8 January 2008 the U.S. ambassador to Ukraine William Taylor wrote in a dispatch published on the WikiLeaks website, "(Former Prime Minister Yulia) Tymoshenko has declared her intention to…

Iran's Oil, LPG Exports to China Soar 49 Percent in Last 6 Months

Iran's Oil, LPG Exports to China Soar 49 Percent in Last 6 Months

Aug 31, 2011 at 19:07 | Charles Kennedy

China’s Customs Organization has announced, "This country's level of oil imports from Iran during the first half of 2011 reached 134.7 million tons, a growth of 49 percent in comparison…

Kim Jong Il Woos Russia as Potential Investor in North Korea

Kim Jong Il Woos Russia as Potential Investor in North Korea

Aug 31, 2011 at 19:05 | Charles Kennedy

Kim’s visit to Russia was shrouded in secrecy – as one Russian specialist on North Korea explained, "Judging by all indications, the whole thing is due to North Korea's habit…

Nigeria’s Power Sector Harshly Criticized

Nigeria’s Power Sector Harshly Criticized

Aug 31, 2011 at 19:04 | Charles Kennedy

Last month the U.S. ambassador to Nigeria, Terence McCulley bluntly told Nigeria’s Minister of Power Barth Nnaji that the United States would only invest in the nation's power sector if…

South Korea's Petroleum Products Exports Rise in July

South Korea's Petroleum Products Exports Rise in July

Aug 31, 2011 at 19:03 | Joao Peixe

According to the South Korean government, last month South Korea's exports of petroleum products, such as gasoline and diesel, surged 95.7 percent from a year ago. The exports were…

Iran Rejects International Mediators Uranium Exchange Proposal

Iran Rejects International Mediators Uranium Exchange Proposal

Aug 30, 2011 at 19:50 | Joao Peixe

Iran has refused to take part in international discussions on a proposal to freeze its civilian nuclear power uranium enrichment program and in turn to receive enriched uranium from abroad.…

American Elements Says That U.S. Needs a Strategic Metals Reserve

American Elements Says That U.S. Needs a Strategic Metals Reserve

Aug 30, 2011 at 19:48 | Charles Kennedy

American Elements president and chairman of the board Michael Silver is advocating that the Obama administration establish a U.S. Strategic Metals Reserve. As Silver envisages the repository, it would…

Brazilian Government to Reduce Ethanol Content of Gasoline

Brazilian Government to Reduce Ethanol Content of Gasoline

Aug 30, 2011 at 19:01 | Charles Kennedy

Brazilian Mines and Energy Minister Edison Lobao stated that the government will reduce the admixture of alcohol with gasoline provided to service stations from 25 to 20 beginning 1 October.

Baltic Nations to Work Together on Infrastructure Projects?

Baltic Nations to Work Together on Infrastructure Projects?

Aug 30, 2011 at 19:00 | Joao Peixe

Lithuania's Prime Minister Andrius Kubilius believes that the three former Soviet Baltic republics should coordinate their infrastructure development projects, telling reporters, "It is very good that electricity companies of countries…

Thailand's Former Finance Minister Urges Governmental Energy Review

Thailand's Former Finance Minister Urges Governmental Energy Review

Aug 30, 2011 at 18:59 | Charles Kennedy

Thailand’s former Finance Minister Korn Chatikavanij is urging that the new Pheu Thai-led coalition government to review its energy policy before motorists stop using the ethanol-gasoline blend currently in use…

Oil-Rich Mexico Now Imports 50 Percent of its Gasoline

Oil-Rich Mexico Now Imports 50 Percent of its Gasoline

Aug 29, 2011 at 19:14 | Charles Kennedy

According to the Petroleum Indicator of the Petroleos Mexicanos state oil monopoly, more familiarly known as Pemex, between January and July 2011, foreign gasoline purchases averaged 397,300 barrels per day,…

U.S. Pays Russia $7.2 billion for Separating Uranium from Warheads

U.S. Pays Russia $7.2 billion for Separating Uranium from Warheads

Aug 29, 2011 at 19:13 | Joao Peixe

Under terms of the U.S.-Russian two-decade old “megatons-to-megawatts” agreement, the United States Enrichment Corporation (USEC) has reimbursed the Russian Federation more than $7.2 billion for its work in separating fissile…

North Korean Leader Supports Russian Natgas Pipeline to South Korea

North Korean Leader Supports Russian Natgas Pipeline to South Korea

Aug 29, 2011 at 19:12 | Joao Peixe

North Korean leader Kim Jong Il, following a summit meeting with Russian Federation President Dmitry Medvedev in the Siberian city of Khabarovsk, has expressed support for a proposed Russian project…

Sri Lanka’s Electricity Board 2011 Losses Estimated at $118 Million

Sri Lanka’s Electricity Board 2011 Losses Estimated at $118 Million

Aug 29, 2011 at 19:10 | Charles Kennedy

The Ceylon Electricity Board (CEB) General Manager Nihal Wickremasooriya said that the company could lose up to $118 million in 2011 from a number of factors, including inclement weather. 

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