Iraq's Oil Ministry made good on a pledge last month to turn around a four-month decline in oil exports as Iraqi oil starts fetching less than $60 a barrel.
Two companies developing oil fields in Iraq's Kurdistan region received approval from Baghdad to tie in to the northern Iraq pipeline, a company official said.
MOSCOW, Nov. 24 (UPI) -- The Russian shareholders behind the integrated oil firm TNK-BP may seize control of the firm amid the departure of scores of foreign staffers, officials said.
WASHINGTON, Nov. 24 (UPI) -- The super oil tanker Sirius Star is quite a haul for a small number of pirates in a few grungy fishing boats with a "mother ship" that was likely a reconfigured rust-bucket former trawler.
WASHINGTON, Nov. 21 (UPI) -- Kyrgyzstan, which produces more than 90 percent of its electricity from hydro-power, is facing an imminent energy crisis. A perfect storm of aging equipment, cash shortages, corruption and low water levels already have led to rolling blackouts throughout the country, and the United Nations' Office for the Coordination of Humanitarian Affairs has launched an urgent appeal for funds to ward off a humanitarian disaster.
ISLAMABAD, Pakistan, Nov. 21 (UPI) -- Pakistani oil officials said Friday they notified oil companies they may import over 100,000 tons of fuel oil to stave off a national shortage.
KAZAN, Russia, Nov. 21 (UPI) -- Oil firms in the Russian Republic of Tatarstan said their production will end next month because the sector is no longer profitable, officials said Friday.
MOSCOW, Nov. 21 (UPI) -- Russian gas giant Gazprom said it would at least double the gas export price to Ukraine if its state-owned Naftogaz does not settle its debts, officials said.
MADRID, Nov. 21 (UPI) -- Spanish bank La Caixa confirmed Friday it was in discussions with Russian oil major LUKoil to sell its 12.5 percent stake in the Repsol oil company.
BAKU, Azerbaijan, Nov. 21 (UPI) -- Tbilisi signed a five-year contract with Baku to receive 80 percent its natural gas supplies from the State Oil Co. of Azerbaijan Republic, officials said.
MOSCOW, Nov. 21 (UPI) -- The 22nd European Union-Russia summit in Nice was largely symbolic, because its outcome was expected and predetermined long before the meeting.
NEW DELHI, Nov. 20 (UPI) -- The faltering global economy and an excess of liquefied natural gas for India will overcome the collapse of gas deals with Iran and Pakistan, officials say.
NIZHNEVARTOVSK, Russia, Nov. 20 (UPI) -- Crude oil production at the Siberian Samotlor field was disrupted following a minor fire and a 1,600-square-foot spill, Russian officials said Thursday.
DAMASCUS, Syria, Nov. 20 (UPI) -- Syria is struggling to meet its domestic energy demands amid the slumping global economy, prompting the isolated country to consider opening its doors.
MOSCOW, Nov. 20 (UPI) -- Russian gas monopoly Gazprom and other firms may revise their export strategies for Europe and plans for pipeline arteries following an EU energy plan.
Canada's Prime Minister Stephen Harper and his wife Laureen decide who should control their umbrella as they wait for the arrival of Prince Charles and his wife Camilla the Duchess of Cornwall for the Government of Canada concert and reception at the RCMP Depot in Regina, Saskatchewan on May 23, 2012 during the third leg of the 2012 Royal Tour to Canada part of Queen Elizabeth's Diamond Jubilee celebrations. UPI Photo /Heinz Ruckemann
