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European Carmakers Face Perfect Storm

European Carmakers Face Perfect Storm

Much stricter emission caps, high…

Iran Has Perfected The Art Of Hiding Its Oil Tankers

Iran Has Perfected The Art Of Hiding Its Oil Tankers

Despite sanctions and mounting geopolitical…

News

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…

Burma, China Ignoring Environmental Warnings for Dam

Burma, China Ignoring Environmental Warnings for Dam

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…

India to Increase Investments in South African Energy Assets

India to Increase Investments in South African Energy Assets

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…

Iran’s Six Months of Targeted Fuel Subsidies Deemed Successful

Iran’s Six Months of Targeted Fuel Subsidies Deemed Successful

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.

Kenya’s Oilibya Stops Paying Libyan Government

Kenya’s Oilibya Stops Paying Libyan Government

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.  

New Thai Government to Scrap Country’s Oil Fund?

New Thai Government to Scrap Country’s Oil Fund?

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…


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