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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…

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