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India's PFC inks pact with Exim Bank
Published: May 16, 2008 at 12:31 PM
NEW DELHI, May 16 (UPI) -- India's Power Finance Corp. has signed an agreement with U.S. Exim Bank to receive an $800 million loan. -
India Oil to shelve refinery proposal
Published: May 16, 2008 at 12:09 PM
NEW DELHI, May 16 (UPI) -- State-run Indian Oil Corp. is contemplating shelving its 15 million-ton greenfield refinery in southern Tamil Nadu state. -
India won't cut duty on oil imports
Published: May 15, 2008 at 9:40 PM
NEW DELHI, May 15 (UPI) -- Indian Finance Minister P. Chidambaram said there will be no reduction in the duty charged on imported oil, despite soaring energy prices.
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Fall River fights five-year battle against LNG facility
Published: May 16, 2008 at 10:18 AM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON, May 16 (UPI) -- A five-year struggle continues between Fall River, Mass., residents and Weaver's Cove Energy LLC over a proposed LNG facility. While the Federal Energy Regulatory Commission approved the project, the Coast Guard opposes it as an unacceptable safety risk. -
UPI Energy Watch
Published: May 15, 2008 at 12:19 PM
OPEC cuts estimate of growth in world oil demand for 2008; The United Arab Emirates' crude oil output increased last month; Philippine government may cut taxes on oil and gas -
Nigerian militants attack oil vessel
Published: May 15, 2008 at 11:10 AM
By CARMEN GENTILE
UPI Energy Correspondent
Jimmy Carter and Barack Obama have called for a resolution to the conflict between rebels intent on crippling Nigeria's petroleum industry and government officials. -
Mongolia, coal and inflation
Published: May 14, 2008 at 7:56 PM
By JOHN C.K. DALY
UPI International Correspondent
WASHINGTON, May 14 (UPI) -- Rising fuel and food costs are hitting Mongolia hard, with foreign investors exploiting the situation to pressure the country to open up its economy. Given the country's political isolation, sandwiched between China and Russia, its two major trading partners, Ulaanbaatar is being held over the proverbial barrel in negotiations with its giant neighbors, leaving its population of 2.9 million nervously awaiting further aftershocks from rising inflation. -
Congress blocks administration from stockpiling oil
Published: May 14, 2008 at 7:28 PM
By ROSALIE WESTENSKOW
UPI Correspondent
WASHINGTON, May 14 (UPI) -- Faced with growing pressure to decrease gas prices, U.S. senators voted to stop stockpiling oil in the national reserve yesterday, but they rejected a plan to increase domestic production. -
UPI Energy Watch
Published: May 14, 2008 at 3:47 PM
IEA: Developing nations cause high oil prices; New oil, gas fields will add to Indonesia supply; Australia says oil, gas tax breaks to go
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PKK yet to attack pipelines as threatened
Published: Oct. 24, 2007 at 3:55 PM
WASHINGTON, Oct. 24 (UPI) -- Iraq’s pipelines and oil infrastructure await a promised attack by Kurdish separatists in response to Turkish attacks on the rebel mountain bases.
The Turkish media is reporting an airstrike on suspected bases of the Kurdistan Workers’ Party, or PKK, though exact details of anything beyond a Turkish troop buildup along the Iraqi border is not confirmed.
The PKK, which uses violent tactics in its aim for Kurdish independence, is considered a terrorist organization by the United States and Turkey.
Its bases in the Qandil Mountain area, however, are not near Iraq’s oil infrastructure.
But a PKK leader has said it will target Iraqi pipelines flowing to Turkey as response to any Turkish attack. Abd-al-Rahman Chadarchi told Al-Sharq al-Awsat that oil tankers heading to Turkey may also be hit "since they bring huge amounts of money to Turkey."
"The military regime in the country will use this to develop its war machine to utilize it against the Kurdish people in Turkish Kurdistan,” he added.
While oil prices jumped as the Turkish-PKK bluster heightened since last week, it is unlikely that the oil sector will be affected.
“It looks like the institutional investors are looking for almost any event to emphasize with people who may not be as familiar with Middle East geography or politics as they ought to be to help push up the price of oil,” said Bulent Aliriza, an energy expert and director of the Center for Strategic & International Studies’ Turkey Project.
The Turkish media is reporting an airstrike on suspected bases of the Kurdistan Workers’ Party, or PKK, though exact details of anything beyond a Turkish troop buildup along the Iraqi border is not confirmed.
The PKK, which uses violent tactics in its aim for Kurdish independence, is considered a terrorist organization by the United States and Turkey.
Its bases in the Qandil Mountain area, however, are not near Iraq’s oil infrastructure.
But a PKK leader has said it will target Iraqi pipelines flowing to Turkey as response to any Turkish attack. Abd-al-Rahman Chadarchi told Al-Sharq al-Awsat that oil tankers heading to Turkey may also be hit "since they bring huge amounts of money to Turkey."
"The military regime in the country will use this to develop its war machine to utilize it against the Kurdish people in Turkish Kurdistan,” he added.
While oil prices jumped as the Turkish-PKK bluster heightened since last week, it is unlikely that the oil sector will be affected.
“It looks like the institutional investors are looking for almost any event to emphasize with people who may not be as familiar with Middle East geography or politics as they ought to be to help push up the price of oil,” said Bulent Aliriza, an energy expert and director of the Center for Strategic & International Studies’ Turkey Project.
© 2007 United Press International. All Rights Reserved.
This material may not be reproduced, redistributed, or manipulated in any form.
This material may not be reproduced, redistributed, or manipulated in any form.
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