News

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…

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…

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…

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…

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…

Jul 19, 2011 at 21:00 | Joao Peixe

The hugely controversial Myitsone dam in northern Burma, currently under construction by the China Power Investment Corporation, was the subject of a 2009 internal report by the company, which called…

Jul 19, 2011 at 20:56 | Charles Kennedy

India, which already imports massive amounts of coal from South Africa, is seeking to deepen its trading ties with Africa’s most advanced economy. India’s interest is not limited to massive…

Jul 19, 2011 at 20:30 | Charles Kennedy

On 19 December 2010 Iran introduced targeted subsidies in an effort to control inflation. Iran was urged to do so by international organizations such as the International Monetary Fund.

Jul 19, 2011 at 20:29 | Joao Peixe

Kenya’s oil marketing company Oilibya says it has suspended payments to the Libyan government. The announcement comes in the wake of sanctions issued by U.S. President Barack Obama.  

Jul 18, 2011 at 21:12 | Charles Kennedy

During a 1 July election rally, Pheu Thai party candidate Yingluck Shinawatra, expected to be first female Prime Minister when the Election Commission validates the recent poll’s results, said that…

Jul 18, 2011 at 19:45 | Joao Peixe

In 2008 the Nuclear Suppliers Group (NSG), the apex body that controls global nuclear commerce, granted India a waiver on the transferal of sensitive nuclear technologies despite the fact that…