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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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Iraq oil production down, capacity up
Published: Oct. 30, 2007 at 3:49 PM
WASHINGTON, Oct. 30 (UPI) -- A U.S. review of Iraq reconstruction finds Iraq oil production down compared with this time last year, though capacity is up.
Electricity production has hit record wartime levels, but both sectors need to work together and both must combat insurgent attacks, according to the Office of the Special Inspector General for Iraq Reconstruction’s quarterly report, released Tuesday.
Iraq oil production averaged 2.16 million barrels per day in third-quarter 2007, as the northern pipeline was fixed and better guarded than before.
“It is important to note, however, that this quarter’s production lags slightly behind the same period last year,” the report said. It also pegged production capacity at 3 million bpd.
And there is poor coordination between the Oil and Electricity ministries, which rely on each other to function properly and give Iraqis some of their most basic needs.
“The circular dilemma of fuel demand at power plants and power shortages at oil facilities remains a major challenge for the electricity and oil sectors,” the report said. Iraqis have access to neither the power nor the fuel supply they need; the power plants aren’t getting their needed fuel and the oil refineries their electricity.
Electricity production did average 4,550 megawatts per day in third-quarter 2007, its highest since the war began. Power capacity hit 5,530 megawatts on Sept. 11, a peak, and averaged 5,200 megawatts a day from early August through September, the report said, adding it supplied 60 percent of Iraqis’ demand on Sept. 16.
Production may dip as the ministry tackles scheduled maintenance, though it is looking to redirect fuel to other power plants in order to produce electricity.
The report noted an increase in household appliances has bolstered demand while U.S. reconstruction efforts, done in isolation of the status of Iraq’s electricity sector and its problems, have hurt the sector by stocking plants with too many generators of differing make, capacity and technology.
Also, some provinces are producing more power than they consume but aren’t sharing, as the ministry attempts to set caps and ration production. In a snapshot of the power sector on Oct. 9, all but four of Iraq’s 18 provinces used more power than allocated.
A major challenge the report noted for both sectors was how the infrastructure remains a target for insurgents and looters.
Eight regional 400 kilovolt transmission lines were out of service this month because of attacks on the grid and towers. The northern oil pipeline, which accounts for the uptick in oil production, has barely functioned since 2003 because of attacks, and has been hit numerous times in the past three months.
--
Ben Lando, UPI Energy Editor
--
(e-mail: blando@upi.com)
Electricity production has hit record wartime levels, but both sectors need to work together and both must combat insurgent attacks, according to the Office of the Special Inspector General for Iraq Reconstruction’s quarterly report, released Tuesday.
Iraq oil production averaged 2.16 million barrels per day in third-quarter 2007, as the northern pipeline was fixed and better guarded than before.
“It is important to note, however, that this quarter’s production lags slightly behind the same period last year,” the report said. It also pegged production capacity at 3 million bpd.
And there is poor coordination between the Oil and Electricity ministries, which rely on each other to function properly and give Iraqis some of their most basic needs.
“The circular dilemma of fuel demand at power plants and power shortages at oil facilities remains a major challenge for the electricity and oil sectors,” the report said. Iraqis have access to neither the power nor the fuel supply they need; the power plants aren’t getting their needed fuel and the oil refineries their electricity.
Electricity production did average 4,550 megawatts per day in third-quarter 2007, its highest since the war began. Power capacity hit 5,530 megawatts on Sept. 11, a peak, and averaged 5,200 megawatts a day from early August through September, the report said, adding it supplied 60 percent of Iraqis’ demand on Sept. 16.
Production may dip as the ministry tackles scheduled maintenance, though it is looking to redirect fuel to other power plants in order to produce electricity.
The report noted an increase in household appliances has bolstered demand while U.S. reconstruction efforts, done in isolation of the status of Iraq’s electricity sector and its problems, have hurt the sector by stocking plants with too many generators of differing make, capacity and technology.
Also, some provinces are producing more power than they consume but aren’t sharing, as the ministry attempts to set caps and ration production. In a snapshot of the power sector on Oct. 9, all but four of Iraq’s 18 provinces used more power than allocated.
A major challenge the report noted for both sectors was how the infrastructure remains a target for insurgents and looters.
Eight regional 400 kilovolt transmission lines were out of service this month because of attacks on the grid and towers. The northern oil pipeline, which accounts for the uptick in oil production, has barely functioned since 2003 because of attacks, and has been hit numerous times in the past three months.
--
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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