MINSK, Belarus, Dec. 24 (UPI) -- Belarus secured a deal with Russian officials to receive natural gas in 2009 at a cost that is two to three times less than current prices, officials said.
ISLAMABAD, Pakistan, Dec. 24 (UPI) -- Iran agreed to supply Pakistan with 30,000 barrels of crude per day on a three-month deferred payment as Islamabad eyes a major gas pipeline, officials said.
MIAMI, Dec. 24 (UPI) -- Brazil earned nearly $40 million from the first round of bidding for oil and gas exploration rights, with state-run Petrobras picking up 27 lots, a lackluster opening round of bids sum attributed to concerns about the global economic slowdown and falling oil prices.
WASHINGTON, Dec. 23 (UPI) -- Tajikistan is now the poorest of the nations to emerge from the former Soviet Union. Following independence, the country descended into a brutal 1992-1997 civil war between the former Communist leadership and Islamic militants. By its end 50,000 were dead and the country’s economy was in tatters. One of the few Soviet legacies left unscathed during the conflict was Tajikistan's massive Nurek hydroelectric facility on the Vakhsh River, which epitomizes the country’s heavy dependence on hydroelectric power. Tajikistan is now reaching out to foreign investors to exploit its natural gas resources in an attempt to lessen its dependence on hydroelectric power.
BAGHDAD, Dec. 23 (UPI) -- Iraq has signed contracts worth an estimated $80 million to repair fragile oil export infrastructure in the south and ready it for expansion.
MOSCOW, Dec. 23 (UPI) -- Russia kicked off the seventh meeting of the Gas Exporting Countries Forum Tuesday, with Prime Minister Vladimir Putin hailing the end of cheap gas.
PARIS, Dec. 23 (UPI) -- A delegation from Russian energy monopoly Gazprom visited French officials to discuss energy cooperation, including the Nord Stream gas pipeline.
LONDON, Dec. 23 (UPI) -- Announced production quotas from the OPEC cartel should do enough to bring prices up to generate a profit in the Iranian economy, energy officials said.
MOSCOW, Dec. 23 (UPI) -- A row over Ukrainian gas debts is affecting the Russian economy by making Ukrainian goods more attractive on foreign markets, Gazprom officials said.
YEREVAN, Armenia, Dec. 23 (UPI) -- The completion of a 186-mile oil pipeline from Iran to Armenia is expected to help diversify regional energy resources, Armenian energy officials said.
MOSCOW, Dec. 22 (UPI) -- Executives with Russian energy monopoly Gazprom said there should be no corollary between an international gas cartel and the international oil cartel.
ASTANA, Kazakhstan, Dec. 22 (UPI) -- The government in Kazakhstan said Monday it will cut export duties on crude oil by more than 31 percent and adopt new monthly adjustments.
Iraqi oil exports increased last month to 1.76 million barrels per day as the price for oil continued to fall, according to data from the Iraqi Oil Ministry.
Bilateral ties between Russia and Belarus over the South Stream gas pipeline and other energy deals will progress despite the economy, Russian officials said.
Police remove a tresspasser after runing on the field in the seventh inning during a game between the Philadelphia Phillies and the St. Louis Cardinals at Busch Stadium in St. Louis on May 24, 2012. UPI/Bill Greenblatt
