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News

National Iranian Oil Company Assets Worth Nearly $200 billion

National Iranian Oil Company Assets Worth Nearly $200 billion

Jul 06, 2011 at 20:17 | Charles Kennedy

State energy statistics in the Islamic Republic of Iran are closely guarded state secrets.Deputy Oil Minister Mohsen Khojasteh-Mehr has told the Iranian media that "Currently, the total value of…

China Moves to Acquire Stake in Mongolia’s Biggest Coal Project

China Moves to Acquire Stake in Mongolia’s Biggest Coal Project

Jul 06, 2011 at 19:54 | Joao Peixe

Mongolia has historically remained within Russia’s sphere of influence, except for it southern regions, now incorporated into the People’s Republic of China as “Inner Mongolia.” Now Beijing’s cash is allowing…

Energy Issues Help Propel Belarus Economy to Verge of Collapse

Energy Issues Help Propel Belarus Economy to Verge of Collapse

Jul 06, 2011 at 19:20 | Joao Peixe

The dependence of the Belarus economy on Russian imports of oil and natural gas, combined with a negative foreign trade balance and unreconstructed Soviet-era economy emphasizing heavy industry are slowly…

Russian Privatization Policies Intrigue Investors

Russian Privatization Policies Intrigue Investors

Jul 06, 2011 at 18:38 | Charles Kennedy

Russian Federation president Dmitrii Medvedev's aide Arkadi Dvorkovich stated at the annual investors' conference at the St. Petersburg Economic Forum, "Russia will no longer be building state capitalism, and relying…

Iran Threatens India Over Unpaid Energy Bills

Iran Threatens India Over Unpaid Energy Bills

Jul 05, 2011 at 21:29 | Charles Kennedy

India may be a rising economy but it is laggard in paying its energy bills and the Iran National Oil Company has given New Delhi a one month ultimatum to…

Saudi Journalist Says That Oil Shortages Will Topple Gaddafi

Saudi Journalist Says That Oil Shortages Will Topple Gaddafi

Jul 05, 2011 at 20:52 | Joao Peixe

The ongoing struggle between Libya’s beleaguered regime and its opponents may eventually be decided by the issue of the country’s petroleum reserves. Nearly all of Gaddafi's key allies have abandoned…

Uruguay Upset with Argentinean Energy Policy

Uruguay Upset with Argentinean Energy Policy

Jul 05, 2011 at 20:15 | Charles Kennedy

The Uruguayan government is upset with the administration of Argentinean President Cristina Fernandez because it has delayed authorization for Paraguayan electricity to transit Argentinean territory to energy-poor Uruguay. Montevideo will…

Greenpeace Battles Slovakian Government over Nuclear Power Plant

Greenpeace Battles Slovakian Government over Nuclear Power Plant

Jul 05, 2011 at 19:53 | Charles Kennedy

A major battle between Slovakia’s environmentalists and the government is emerging as Greenpeace charges that the country’s recently completed nuclear power plant at Mochovce in Nitra has in fact violated…

Pakistani Energy Shortages Creates Unemployment

Pakistani Energy Shortages Creates Unemployment

Jul 05, 2011 at 19:29 | Joao Peixe

Pakistan’s ongoing energy crisis is impacting the labor market, causing hundreds of thousands of people to lose their jobs. According to Samar Mubarakmand, a Science and Technology, Planning Commission member,…

Jordan Presses on to Build First Nuclear Power Plant

Jordan Presses on to Build First Nuclear Power Plant

Jul 04, 2011 at 20:35 | Charles Kennedy

Jordan’s economy has been heavily impacted by its need to import 96 percent of its energy needs, and so is pressing forward with a project to build the kingdom’s first…

France Expands Nuclear Capabilities by Opening a Nuclear Institute

France Expands Nuclear Capabilities by Opening a Nuclear Institute

Jul 04, 2011 at 20:06 | Charles Kennedy

Instead of abandoning nuclear power, France has opened a nuclear energy institute. France currently generates 78 percent of its electricity from nuclear power plants, the highest percentage in the world.…

Energy Issues Further Dividing Russian and U.S. Foreign Policy

Energy Issues Further Dividing Russian and U.S. Foreign Policy

Jul 04, 2011 at 18:46 | Joao Peixe

During “frank and candid” discussions in Moscow between Duma members and a visiting U.S. congressional delegation, the rifts between U.S. and Russian foreign policy perceptions were too evident to ignore.…

Energy Companies Run Afoul of India’s Official Auditor

Energy Companies Run Afoul of India’s Official Auditor

Jul 04, 2011 at 17:59 | Joao Peixe

India’s Controller and Auditor General insists that his mandate includes “unfettered access” to investigate the fiscal accounts of private companies, including India’s Reliance Industries conglomerate and foreign operators such as…

Costs of Shuttering Germany’s Nuclear Plants Deemed High

Costs of Shuttering Germany’s Nuclear Plants Deemed High

Jul 04, 2011 at 17:33 | Charles Kennedy

In the wake of the 11 March Fukushima nuclear meltdown, Germany’s Bundestag handed its green movement its biggest victory yet, passing a resolution to close virtually all 17 of the…

Iran To Increase Gas Exports To Pakistan

Iran To Increase Gas Exports To Pakistan

Jun 30, 2011 at 08:15 | Charles Kennedy

Iran's deputy oil minister and managing director of National Iranian Gas Company, Javad Owji, said that new round of talks between Iran and Pakistan on gas cooperation was held on…

Chinese Provinces Suspend Nuclear Power Plant Projects

Chinese Provinces Suspend Nuclear Power Plant Projects

Jun 29, 2011 at 19:18 | Joao Peixe

The implications of the Fukushima catastrophe are reverberating through China, as a number of provinces have suspended new nuclear power projects. This in turn has added pressure to the government’s…

China’s CNPC Delivers biofuel for Air China flights

China’s CNPC Delivers biofuel for Air China flights

Jun 29, 2011 at 17:40 | Joao Peixe

China National Petroleum Corp, Asia's largest oil producer, has delivered 15 tons of jatropha oil to help Air China schedule the country's maiden biofuel-powered test flight for later this year.…

Indo-Burmese Dam Project Raises Concerns

Indo-Burmese Dam Project Raises Concerns

Jun 29, 2011 at 17:24 | Charles Kennedy

Groups monitoring Arakan natural resources have criticized India’s $110 million Kaladan dam project for its potential negative consequences for the local populace. Arakan Rivers Network executive director Ko Tun Zaw…

Iranian Deputy Oil Minister - Era of Cheap Oil is Over

Iranian Deputy Oil Minister - Era of Cheap Oil is Over

Jun 29, 2011 at 00:16 | Joao Peixe

Iran’s deputy Oil Minister Ghazaleh Taifeh stated bluntly, "The era of cheap and low-cost oil production in Iran, which was always considered the most important advantage of Iran's oil industry,…

Troubling Questions Arise About Russian Nuclear Specialists Killed in Crash

Troubling Questions Arise About Russian Nuclear Specialists Killed in Crash

Jun 27, 2011 at 21:28 | Charles Kennedy

Five Russian nuclear specialists were among the 44 passengers who died when a Tu-134 airliner crashed near Petrozavodsk, Russia on 20 June. The quartet had all worked on Iran’s Bushehr…

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