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Sonangol Signs Initial Pacts For Two Iraq Oil Fields

Sonangol Signs Initial Pacts For Two Iraq Oil Fields

Τετ, 30 Δεκεμβρίου 2009 - 15:05

Sociedade Nacional de Combustiveis de Angola, better known as Sonangol, signed Wednesday in Baghdad two initial deals to develop Qaiyarah and Najmah oil fields in northern Iraq, officials said.

Canada Approves PetroChina Investment In 2 Oil-Sands Projects

Canada Approves PetroChina Investment In 2 Oil-Sands Projects

Τετ, 30 Δεκεμβρίου 2009 - 15:05

Canadian Industry Minister Tony Clement has approved PetroChina International Investment Co.'s application under the Investment Canada Act to acquire control of the MacKay and Dover oil-sands projects in Alberta, saying he's satisfied the investment is likely to be of net benefit to Canada.

Iran Urges Supporters To Take To The Streets Wednesday

Iran Urges Supporters To Take To The Streets Wednesday

Τετ, 30 Δεκεμβρίου 2009 - 15:04

The Iranian authorities urged supporters out onto the streets of major cities Wednesday in a show of force against the opposition which it accuses of being "pawns of the enemies."

Foreign Consortium Wins $10 Bln Turkmen Gas Contracts

Foreign Consortium Wins $10 Bln Turkmen Gas Contracts

Τετ, 30 Δεκεμβρίου 2009 - 15:04

A consortium of U.A.E.-based, Chinese and South Korean companies have won a tender worth a total of $10 billion to develop Turkmenistan's South Yolotan gas field, the state information agency reported late Tuesday.

Kazakhstan Top Global Uranium Producer In 2009

Kazakhstan Top Global Uranium Producer In 2009

Τετ, 30 Δεκεμβρίου 2009 - 15:03

Kazakhstan surpassed Canada to become the world's leading uranium producer after raising production by 63% to 13,500 metric tons in 2009, state nuclear fuel company Kazatomprom said Wednesday.

Tehrans Biggest Fear

Tehran's Biggest Fear

Τρι, 29 Δεκεμβρίου 2009 - 15:50

The biggest threat to the ruling ayatollahs and generals in multi-ethnic Iran does not come from the embattled democratic opposition movement struggling to reform the Islamic Republic. It comes from increasingly aggressive separatist groups in Kurdish, Baluch, Azeri and Arab ethnic minority regions that collectively make up some 44 percent of Persian-dominated Iran’s population.

UAE Splits The Atom Club

UAE Splits The Atom Club

Τρι, 29 Δεκεμβρίου 2009 - 14:46

It is hard to imagine a more politically sensitive new energy project than the Arab world's first nuclear power plants. But by awarding the $20.4 billion contract to a group of South Korean companies, the United Arab Emirates has shrugged off lobbying from Washington and Paris and gone for the cheapest and simplest industrial option.

Lukoil-Statoil Signs Initial Pact For Iraq Oil Field

Lukoil-Statoil Signs Initial Pact For Iraq Oil Field

Τρι, 29 Δεκεμβρίου 2009 - 14:45

Russia's Lukoil Holdings (LUKOY, LKOH.RS) and Norway's Statoil ASA (STO) Tuesday signed an initial deal to develop the Iraqi supergiant West Qurna Phase 2 oil field, 16 days after the closure of the country's second post-war licensing auction, Iraqi oil ministry officials said.

Munich Re:Widening Climate-Related Losses Call For New Deal

Munich Re:Widening Climate-Related Losses Call For New Deal

Τρι, 29 Δεκεμβρίου 2009 - 14:43

Germany's Munich Re AG (MUV2.XE), one of the world's largest reinsurers, Tuesday said economic and insured losses caused by climate change will continue to widen in the future, calling for a near-term deal to ensure a substantial reduction in global greenhouse gas emissions.

European Commission Gives Oil Supplies Guarantees to 3 countries

European Commission Gives Oil Supplies Guarantees to 3 countries

Τρι, 29 Δεκεμβρίου 2009 - 09:18

European Commission on Monday issued guarantees to East-European countries – Slovakia, Hungary and the Czech Republic, in the first place – that it will secure the necessary amounts of crude oil for them if problems emerge with the transits of crude from Russia’s Siberian oilfields via the Ukrainian territory.

Dark Days at the Center of Europe

Dark Days at the Center of Europe

Τρι, 29 Δεκεμβρίου 2009 - 09:16

Surrounded by forest, a white granite pillar topped by a ring of golden stars near the village of Purnuskes marks "the geographical center of Europe." Things are looking bleak. The Baltic state of Lithuania -- sandwiched between Latvia and the Russian exclave Kalingrad -- faces an economic contraction of 18 percent for 2009.

Heard On The St: Exxons Chemical Romance

Heard On The St: Exxon's Chemical Romance

Δευ, 28 Δεκεμβρίου 2009 - 14:40

For fans of the fuel, Exxon Mobil's takeover of XTO Energy, announced recently, signals the dawn of the age of natural gas. That is good news for the U.S. chemicals industry. Some 70% of America's production capacity for ethylene, the most common basic building block of chemicals manufacturing, uses gas as a feedstock.