News

Aug 27, 2011 at 08:11 | Joao Peixe

The office of President Goodluck Jonathan's, summing up his first 100 days in office, declared that one of his administration’s achievements was Nigeria again retaining its position as Africa’s largest…

Aug 25, 2011 at 18:39 | Charles Kennedy

Mongolia’s rising mineral and fuel production is transforming the nation’s economy. The European Bank for Reconstruction and Development (EBRD) predicted last month that the economy will grow by 9 percent…

Aug 25, 2011 at 18:38 | Charles Kennedy

South Korean President Lee Myung-bak is currently visiting Kazakhstan. In one result of Lee’s visit, South Korea and Kazakhstan have signed agreements for two $4 billion projects to build a…

Aug 25, 2011 at 18:37 | Joao Peixe

Iran Petrochemical Industries Company executive director Abdel Hoseyn Bayat has criticized shortcomings in the country’s energy sector, telling journalists, "Currently the installed capacity at the petrochemical units has come close…

Aug 25, 2011 at 18:36 | Joao Peixe

Thailand’s Southern Border Provinces Administration Center (SBPAC) has uncovered massive fuel smuggling operations in the country’s southern provinces. SBPAC member Chaiyong Maneerungsakul said, "In the aggregate, each day, there is…

Aug 25, 2011 at 18:34 | Charles Kennedy

Azerbaijan’s State Customs Committee reported that during the period January-June 2011, crude oil made up 86.23 percent of Azerbaijan’s exports and oil products, 5.57 percent. Compared to January-July 2010, oil…

Aug 24, 2011 at 18:31 | Joao Peixe

According to China’s Ministry of Land and Resources, the government is preparing to declare shale gas a priority mineral. In the West, particularly the United States, the practice of extracting…

Aug 24, 2011 at 18:30 | Charles Kennedy

Iran’s Kish Island International Oil Bourse (IOB), which opened last month, has completed its first oil transaction after its official opening earlier this month. The IOB, the Persian Gulf region's…

Aug 24, 2011 at 18:13 | Charles Kennedy

Buoyed by record world prices for rare earth elements (RREs), North Korea has begun seeking deposits on its territory to help with its chronic international trade and budget deficits. 

Aug 24, 2011 at 18:12 | Joao Peixe

U.S. Ambassador to Nigeria, Mr. Terence McCulley has told the Nigerian government of Washington’s interest in the country’s energy sector. Following a meeting with Nigeria’s Minister of Power Bart Nnaji,…

Aug 24, 2011 at 18:11 | Charles Kennedy

Biofuels USA has opened its new biodiesel station at exit 175 in New Florence, Missouri. The new facility offers prospective drivers a variety of homegrown biofuel choices for diesel vehicle…

Aug 23, 2011 at 19:01 | Joao Peixe

Power auctions organized by Brazil’s government on 17 August have indicated the country’s growing interest in renewable power projects, particularly wind. Forty-four wind power projects with a total capacity of…

Aug 23, 2011 at 19:00 | Joao Peixe

Mozambican Energy Minister Salvador Namburete reports that over 2 million Mozambicans are now using renewable energy sources. Namburete said, "Currently, 30 percent of Mozambicans have access to electricity, being 20…

Aug 23, 2011 at 18:59 | Charles Kennedy

State-run Korea Electric Power Corp. subsidiary Korea East-West Power Co. Ltd. has signed an agreement with Sahara India Power Corp. Ltd. to collaborate in constructing and operating coal-fueled thermal plants…

Aug 23, 2011 at 18:57 | Joao Peixe

Last December Uzbekistan announced a program to attract $50 billion in direct foreign investment (FDI) into Uzbekistan within the next five years. Now Uzbekistan is seeking Chinese investment in the…

Aug 23, 2011 at 18:56 | Charles Kennedy

According to Ghana’s Alliance for Accountable Governance (AFAG), monopoly and nationalization in the country’s natural gas industry are responsible for the persistent shortages of liquefied petroleum gas in the country.…

Aug 18, 2011 at 19:02 | Joao Peixe

The Organization of Petroleum Exporting Countries, a notoriously conservative organization, has stated that Venezuela has world’s largest oil reserves, even exceeding those of OPEC’s top producer, Saudi Arabia. Oil production…

Aug 18, 2011 at 19:00 | Joao Peixe

In light of Pyongyang provisionally green-lighting the project, South Korea and Russia will discuss a natural gas pipeline transiting North Korea later this month. South Korean Foreign Ministry spokesman Cho…

Aug 18, 2011 at 18:27 | Charles Kennedy

A Chilean high-level government commission has given final approval to the first of five mines, Mina Invierno, at Isla Riesco in the extreme south of Chile. The $530 million Isla…

Aug 18, 2011 at 18:26 | Charles Kennedy

Vietnamese Prime Minister Nguyen Tan Dung has approved a new national Five-Year Plan emphasizing PetroVietnam increased production. The new governmental dictates provide for the state-owned Vietnam Oil and Gas Group…