News

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…

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…