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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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U.S. 'dissapointed' with Iraq oil law
Published: Oct. 26, 2007 at 6:02 PM
WASHINGTON, Oct. 26 (UPI) -- The United States is “disappointed” with Baghdad’s pace of passing legislation such as the oil law, a top State Department official for Iraq said.
“We agree that Iraq cannot be won by military means alone,” Lawrence Butler, deputy assistant secretary in the Bureau of Near Eastern Affairs, said during a speech at the National Council on U.S.-Arab Relations’ annual Arab-U.S. Policymakers Conference.
“Candidly, we have been disappointed with the reconciliation efforts at the national level and the lack of passage of legislation such as de-Baathification laws or the hydrocarbon law package,” he said. “And we continue to press that.”
The de-Baathification law would reverse a post-invasion law that banned nearly all of Iraqis who were members of Saddam Hussein’s Baath Party from obtaining good jobs. Only the top officials would continue to be excluded according to the proposed law.
The hydrocarbons law package is four laws that would govern the oil and natural gas sector, decide how revenue is allocated, and the operations of the Ministry of Oil and Iraqi National Oil Company.
The oil law is stuck in Parliament after a year prior in negotiations between the Kurdistan Regional Government and central government officials. The roadblocks remain the same: what control with the federal, regional and provincial governments play in the oil strategy and how much access will private and foreign oil companies have.
The U.S. government is pushing hard for progress on the law, which they claim will lead to national reconciliation.
Kurds and some Shiites in government want a decentralized governance of the oil. Many others, especially the Sunnis, think a central strategy for the vast reserves is better. And a combination, as well as the oil unions, are very leery of reversing the nationalized model for the oil.
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Ben Lando, UPI Energy Editor
--
(e-mail: blando@upi.com)
“We agree that Iraq cannot be won by military means alone,” Lawrence Butler, deputy assistant secretary in the Bureau of Near Eastern Affairs, said during a speech at the National Council on U.S.-Arab Relations’ annual Arab-U.S. Policymakers Conference.
“Candidly, we have been disappointed with the reconciliation efforts at the national level and the lack of passage of legislation such as de-Baathification laws or the hydrocarbon law package,” he said. “And we continue to press that.”
The de-Baathification law would reverse a post-invasion law that banned nearly all of Iraqis who were members of Saddam Hussein’s Baath Party from obtaining good jobs. Only the top officials would continue to be excluded according to the proposed law.
The hydrocarbons law package is four laws that would govern the oil and natural gas sector, decide how revenue is allocated, and the operations of the Ministry of Oil and Iraqi National Oil Company.
The oil law is stuck in Parliament after a year prior in negotiations between the Kurdistan Regional Government and central government officials. The roadblocks remain the same: what control with the federal, regional and provincial governments play in the oil strategy and how much access will private and foreign oil companies have.
The U.S. government is pushing hard for progress on the law, which they claim will lead to national reconciliation.
Kurds and some Shiites in government want a decentralized governance of the oil. Many others, especially the Sunnis, think a central strategy for the vast reserves is better. And a combination, as well as the oil unions, are very leery of reversing the nationalized model for the oil.
--
Ben Lando, UPI Energy Editor
--
(e-mail: blando@upi.com)
© 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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