News

Jul 18, 2011 at 19:43 | Joao Peixe

The World Bank is providing a $99 million grant for implementing the Nepal-India Electricity Transmission and Trade Project. World Bank country director for Nepal, and Bangladesh Ellen Goldstein said,…

Jul 18, 2011 at 18:24 | Joao Peixe

National Iranian Oil Company Managing-Director Ahmad Qalebani said that his company will issue $15 billion oil bonds in 2011. According to Qalebani, during March 2010-March 2011, there was a…

Jul 18, 2011 at 18:22 | Charles Kennedy

Pakistani President Asif Ali Zardari has proposed that Pakistan and Iran agree on currency swaps in order to strengthen relations. Zardari made the proposal during his meeting in Tehran…

Jul 16, 2011 at 19:21 | Charles Kennedy

Germany's Greens, buoyant following Berlin’s decision to shutter the country’s nuclear power plants in the wake of the March Fukushima nuclear catastrophe in Japan, are sharply critical of the government’s…

Jul 16, 2011 at 19:20 | Charles Kennedy

The Sri Lankan government has rejected Iran’s offer to assist in expanding the island’s Sapugaskanda oil refinery capacity from 50,000 to 100,000 barrels per day over a dispute on the…

Jul 16, 2011 at 13:12 | Joao Peixe

The handwriting on the wall of the parlous state of the Belarus economy, which in the past two decades has signally failed to reform itself, has become evident in Minsk’s…

Jul 15, 2011 at 20:05 | Joao Peixe

Seeking to quell fears among its trading partners, Beijing has announced that it will keep its 2011 rare earths export quota at 2010 levels. China currently supplies 97 percent…

Jul 15, 2011 at 20:04 | Charles Kennedy

Nigeria's total trade investments with China for 2011 now total $8.2 billion, compared to their 2010 level of $7.7 billion, according to China’s Economic and Commercial Counselor at its embassy…

Jul 14, 2011 at 21:37 | Charles Kennedy

Kuwait is seeking to construct the Great Mubarak Port on its Bubyan Island on the Khor Abdullah inlet at the mouth of the Persian Gulf, with the new facility incorporating…

Jul 14, 2011 at 21:36 | Joao Peixe

Argentina’s Yacimientos Petrolíferos Fiscales, the country’s largest oil company, is investing in Colombia. YPF SA has agreed to partner for exploring for oil in Colombia with Canada’s Alange Energy Corp.,…

Jul 14, 2011 at 19:36 | Charles Kennedy

Chinese fiscal assistance is allowing Pakistan to begin rebuilding its energy infrastructure in its portion of the contested Himalayan state, which it labels “Azad Kashmir,” heavily damaged during last year’s…

Jul 14, 2011 at 19:29 | Joao Peixe

BP-Azerbaijan, operating the Azeri export pipeline from the Azerbaijan’s Caspian oil export terminal at Baku westwards to the Georgian Black Sea oil terminus at Supsa, has announced that it has…

Jul 14, 2011 at 19:27 | Charles Kennedy

Vietnam’s Petrolimex Joint Stock Insurance Co., the insurance entity of Vietnam's leading oil product importer, Vietnam National Petroleum Corporation, or Petrolimex, will shortly float a initial public offering stock option…

Jul 13, 2011 at 21:23 | Joao Peixe

Colombia’s Cano Limon Coveñas oil pipeline has been attacked yet again, disrupting shipments and causing an oil spill in the Catatumbo river. The leftist Fuerza Armadas Revolucionarias de Colombia, or…

Jul 13, 2011 at 21:21 | Charles Kennedy

Despite the crippling effect of foreign sanctions, the Iranian government has decided to invest $18 billion in the country’s southern oilfields to boost production. Iran's Deputy Oil Minister for Planning…

Jul 13, 2011 at 19:54 | Charles Kennedy

Thailand’s new Prime Minister-elect Yingluck Shinawatra is being urged to review the country’s energy policies. Thailand’s current energy sources are a mixture of everything from hydroelectric facilities to coal-fired thermal…

Jul 13, 2011 at 19:17 | Charles Kennedy

North Korea remains one of the world’s most isolated regimes, not least because of its rogue nuclear program. The country remains desperately short of everything from food to energy, and…

Jul 13, 2011 at 19:16 | Joao Peixe

Latvian President Andris Berzins has reaffirmed Latvia's interest in buying electric power generated by Lithuania’s Visaginas nuclear power plant, but asserted that because of the country’s fiscal situation, Latvia would…

Jul 12, 2011 at 20:38 | Joao Peixe

Energy-poor Poland is about to embark upon using hydraulic fracturing to develop the country’s natural gas reserves. The practice is controversial in many countries, including the U.S., because of its…

Jul 12, 2011 at 20:35 | Charles Kennedy

In a show of bravado to Western countries imposing sanctions, Iran has announced that it is ready to export jet fuel to neighboring countries. National Iranian Oil Refining and…