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Teen solves centuries-old math problem
Venezuela, Colombia start natural gas plans
The presidents of Venezuela and Colombia have agreed to launch a new bilateral pipeline, which is being seen as the start to a possible South American project.
Hugo Chavez has long touted the South American pipeline plan as a way to feed the region on Venezuelan natural gas reserves. But the plan has been nearly scrapped for environmental, logistical and economic reasons.
Alvaro Uribe, Colombia’s president, however, has agreed to build a pipeline between the two countries, BBC reports.
Colombian natural gas will be sent to Venezuela, and then the line will be reversed when Colombia’s supply runs out.
Putin pledges Nord Stream action
Russian President Vladimir Putin told German Chancellor Angela Merkel the trans-Baltic natural gas pipeline will move forward on schedule.
During a visit to Germany, Putin told a news conference the Nord Stream gas pipeline project is a go.
“Its implementation is in the interests of Russia and its European partners,” Putin said, RIA Novosti reports.
The $12 billion project would send Russian natural gas to European customers, who already get a large portion of their gas from Russia.
Merkel told media, “The Nord Stream project enjoys political support,” rebuffing rumors Germany has considered pulling out.
Gazprom, the Russian gas monopoly, owns 51 percent of the project, while BASF and Eon, both German firms, share the remainder evenly.
The project is to be finished by 2012. A first pipeline, 750 miles long, will be ready in 2010, according to plans. The dual-pipeline system will have a 27.5 billion cubic meters per year capacity.
Iran starts expanding Bandar Abbas-Isfahan pipeline
Iran has started a project to boost the capacity of the Bandar Abbas-Isfahan oil products pipeline by 160,000 barrels per day.
The Tehran Times reports the project is “of high strategic importance,” especially as the country faces economic embargoes and a lack of oil products for its citizens.
The project began Aug. 27 and will be completed in two phases.
The first builds new installation near the existing pumping stations of Bandar Abbas, Qotbabad and Mehr-Aran, which will increase the capacity to send products from Bandar Abbas to Rafsanjan.
Then a new pipeline from Rafsnajan to Isfahan and the needed installations will be built, as well as an Isfahan terminal.
Tokarev made Russian pipelines chief
Nikolai Tokarev will move from the top post of the state-run Zarubezhneft oil company to preside over Transneft, Russia’s pipeline monopoly.
RIA Novosti reports Tokarev, who has a security services background, is now tasked with a number of Transneft projects that will further cement its oil and gas stronghold.
The firm's former president, Semyon Vainshtok, resigned last month and was named by President Vladimir Putin to oversee Russia’s preparations to host the 2014 Winter Olympic Games in the Black Sea resort city of Sochi.
Transneft plans a massive project to send oil and gas from East Siberia to countries in the Pacific Rim.
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