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News

Chinese Imports of Iranian Petroleum Products Soar

Chinese Imports of Iranian Petroleum Products Soar

Jul 25, 2011 at 20:08 | Joao Peixe

Chinese imports of Iranian oil jumped 53 percent in June over the previous month, according to the General Administration of Customs of the People's Republic of China. China’s oil…

West African Nations Work to Resolve Energy Issues

West African Nations Work to Resolve Energy Issues

Jul 25, 2011 at 19:18 | Charles Kennedy

In order to resolve the region’s endemic energy shortages, the Mono River Union (MRU) countries are meeting to attempt to resolve their differences. The Mano River Union (MRU) is an…

Slovenia Disputes Italian Proposal for Offshore Gas Terminal

Slovenia Disputes Italian Proposal for Offshore Gas Terminal

Jul 25, 2011 at 18:20 | Charles Kennedy

A major dispute is brewing between Rome and Ljubljana over Italy's recent decision to approve plans for an offshore gas terminal near its border with Slovenia. Slovenian politicians are…

Tajikistan Begins Construction on their First Oil refinery

Tajikistan Begins Construction on their First Oil refinery

Jul 25, 2011 at 18:18 | Charles Kennedy

Tajik President Emomali Rahmon launched the construction of the country’s first oil refinery during a working trip to the town of Tursunzoda in the Shahrinav district. Energy-poor Tajikistan has…

Russia Says Iran’s Bushehr Nuclear Power Plant to Open Soon

Russia Says Iran’s Bushehr Nuclear Power Plant to Open Soon

Jul 24, 2011 at 00:25 | Charles Kennedy

Iran’s first nuclear power plant at Busheher, constructed by Russian specialists, is about to open in the near future. During an interview with Rossiya 24 television, Russian Federation Foreign Ministry…

Iran Opens 42 Kilowatt Solar Energy Plant in Mashhad

Iran Opens 42 Kilowatt Solar Energy Plant in Mashhad

Jul 24, 2011 at 00:24 | Charles Kennedy

Despite being OPEC’s third largest oil exporter, Iran has been exploring alternative forms of energy for indigenous use. While its Bushehr nuclear reactor, the country’s first, is soon to come…

Energy Shortages Cripple Businesses in Lagos

Energy Shortages Cripple Businesses in Lagos

Jul 23, 2011 at 11:33 | Charles Kennedy

Despite being Africa’s leader oil exporter, Nigeria’s shambolic indigenous energy infrastructure is negatively affecting the country’s businesses. Consequently, many Nigerian businesses are failing as a result of the high costs…

China Launches its First Fourth-Generation Nuclear Reactor

China Launches its First Fourth-Generation Nuclear Reactor

Jul 23, 2011 at 11:32 | Joao Peixe

China has brought its first fourth-generation nuclear reactor online. Located in the southwest suburbs of Beijing, fast neutron reactor has an electrical output of 20 megawatts and was connected to…

Russian Company Sues Bulgaria Over Nuclear Plant Project

Russian Company Sues Bulgaria Over Nuclear Plant Project

Jul 23, 2011 at 11:30 | Joao Peixe

Russia’s Atomstroiekhsport has filed a lawsuit against Bulgaria's National Electricity Company to recover funds it say that it is owed for its work in constructing the Belene nuclear power plant…

Iran and Lebanon Deepen Energy Ties

Iran and Lebanon Deepen Energy Ties

Jul 21, 2011 at 19:54 | Charles Kennedy

Lebanon’s Cabinet has approved a key Memorandum of Understanding between Lebanon's Energy and Water Resources Ministry and Iran's Petroleum Ministry for closer cooperation in the field of energy. Speaking on…

Russian Navy’s Nuclear Power Plant Repair Funding Stolen

Russian Navy’s Nuclear Power Plant Repair Funding Stolen

Jul 21, 2011 at 19:53 | Joao Peixe

During a recent meeting in Kazan in connection with the sinking of the Volga transport Bulgaria, which killed 129 people, Russian Prime Minister Vladimir Putin angrily stated, "How did the…

Striking Nigerian Oil Workers to Shut Oil and Gas Installations

Striking Nigerian Oil Workers to Shut Oil and Gas Installations

Jul 21, 2011 at 19:12 | Charles Kennedy

A three day warning strike called by Nigeria’s Trade Union Congress and the Nigeria Labor Congress is reverberating throughout the country’s energy sector, its primary source of foreign revenue. Responding…

South Korea Buys Share in Jamaican Electricity Company

South Korea Buys Share in Jamaican Electricity Company

Jul 21, 2011 at 18:49 | Joao Peixe

Underlining South Korea’s global energy interests, Seoul based Korea East-West Power Company Limited has negotiated a deal with the Jamaica government, which has given the green light to the decision…

Australian Coal of Africa Beginning South African Operations

Australian Coal of Africa Beginning South African Operations

Jul 21, 2011 at 18:47 | Charles Kennedy

Australian Coal of Africa, (CoAL), is due to resume production at its Vele Colliery project in Limpopo. Briefing journalists in Pretoria, South Africa’s Department of Environmental Affairs Department Deputy Director-General…

Paraguay, Argentina Dispute Over Shared Hydroelectric Facility

Paraguay, Argentina Dispute Over Shared Hydroelectric Facility

Jul 20, 2011 at 21:24 | Joao Peixe

Paraguay and Argentina share interests in the Yacyretá hydroelectric dam. The tariffs for the power generated by the facility have now become an issue of contention, with Alfonso González Nuñez,…

South Korea, Malaysia Discuss Nuclear Energy Cooperation

South Korea, Malaysia Discuss Nuclear Energy Cooperation

Jul 20, 2011 at 21:23 | Charles Kennedy

South Korea's presidential office said in a press release that South Korean President Lee Myung-bak during a two-day state visit by Malaysian King Mizan Zainal Abidin discussed enhancing cooperation between…

Iran’s Southern Regions Producing 3 million Barrels of Oil Per Day

Iran’s Southern Regions Producing 3 million Barrels of Oil Per Day

Jul 20, 2011 at 20:22 | Charles Kennedy

Iran is currently the second largest oil exporter in the Organization of Petroleum Exporting Countries (OPEC), exceeded only by Saudi Arabia. According to National Iranian South Oil Company executive director…

Iran’s Relations with China Allow Bypassing UN Sanctions

Iran’s Relations with China Allow Bypassing UN Sanctions

Jul 20, 2011 at 20:21 | Charles Kennedy

China’s deepening relationship with Iran has significant international repercussions. The two countries’ diplomats have recently signed a number of agreements on increasing trade turnover and investments, which include expanding Iranian…

Oil Industry Workers See Foreign Influence Over Failure of Oil Bill

Oil Industry Workers See Foreign Influence Over Failure of Oil Bill

Jul 20, 2011 at 20:20 | Joao Peixe

Nigeria’s National Union of Petroleum and Natural Gas Workers (NUPENG) has blamed the influence of multinational oil companies for the failure of the Petroleum Industry Bill (PIB) in the National…

Uganda’s Oil Potential Arouses International Interest

Uganda’s Oil Potential Arouses International Interest

Jul 19, 2011 at 21:03 | Charles Kennedy

The French Ambassador to Uganda has said that the exploration for oil in the country is a key opportunity for Uganda’s government to press ahead with its development agendas. Speaking…

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