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News

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. 

Iran States Uranium Enrichment Program for Medical Research

Iran States Uranium Enrichment Program for Medical Research

Aug 29, 2011 at 19:09 | Charles Kennedy

Seeking to quell international concern about Iran’s nuclear enrichment program, Iran's Atomic Energy Organization Director Fereydoon Abbassi stated that the country’s 20 percent uranium enrichment program is designed solely to…

Tajikistan to Proceed with Rogun Hydroelectric Dam

Tajikistan to Proceed with Rogun Hydroelectric Dam

Aug 28, 2011 at 09:41 | Joao Peixe

According to Tajikistan’s Finance Ministry, next year the government will assign more than $223 million of budgetary funds to continue construction of the Rogun hydroelectric facility. In a statement the…

South African Renewable Energy Projects to help Women

South African Renewable Energy Projects to help Women

Aug 28, 2011 at 09:39 | Joao Peixe

During a workshop for women organized by South African’s Department of Energy, Deputy Minister of Energy, Barbara Thomson said that government initiatives in renewable energy resources will assist women both…

Canada to Refurbish and Expand Argentinean Nuclear Power Plant

Canada to Refurbish and Expand Argentinean Nuclear Power Plant

Aug 27, 2011 at 08:13 | Charles Kennedy

Argentina has signed a $444 million contract with Canada’s SNC-Lavalin Group to renovate its Embalse Río Tercero nuclear plant. The SNC-Lavalin Group is Canada's top engineering firm. The Embalse Río…

SK Global Chemical Co. Building Petrochemical Plant in Singapore

SK Global Chemical Co. Building Petrochemical Plant in Singapore

Aug 27, 2011 at 08:12 | Charles Kennedy

South Korean chemicals maker SK Global Chemical Co. is to begin construction of a $2.4 billion petrochemical plant on Singapore's Jurong Island. The new facility is intended to serve as…

Nigeria is Africa's Largest Oil Exporter

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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