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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. -
Lundin Petroleum announces oil find
Published: May 15, 2008 at 9:10 PM
STOCKHOLM, Sweden, May 15 (UPI) -- Swedish independent oil and gas company Lundin Petroleum AB announced a new find of oil and gas in the North Sea. -
Google, BP, invest in BrightSource Energy
Published: May 15, 2008 at 6:13 PM
OAKLAND, Calif., May 15 (UPI) -- Google is one of a number of companies that have invested $115 million in solar energy projects.
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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 -
Climate change may upset oil supplies
Published: May 14, 2008 at 3:43 PM
By ROSALIE WESTENSKOW
UPI Correspondent
WASHINGTON, May 14 (UPI) -- Climate change could disrupt U.S. energy supplies by seriously damaging key infrastructure in the country, experts testified Tuesday before Congress.
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Security for Basra handover in December
Published: Oct. 30, 2007 at 1:42 PM
KARBALA, Iraq, Oct. 30 (UPI) -- Iraq’s prime minister says security for the country’s oil capital, Basra, which is seeing an increase in violence, will be handed over to Iraqi security forces.
“The Iraqi forces will receive the security mission in Basra city from the British forces in mid-December,” Prime Minister Nouri al-Maliki said during a ceremony marking the security file handover from U.S. to Iraqi forces in Karbala.
Karbala is the eighth of Iraq’s 18 provinces to take over its own security detail.
In Basra, however, matters are much more complicated.
At the top is the province’s role in Iraq’s oil sector. Nearly all of the 1.6 million barrels of Iraq’s daily oil exports flow to market from Basra. The proceeds of the sales fund more than 90 percent of the federal budget.
Basra is arguably Iraq’s most important city.
It’s also where militias and gangs angle for control of the lucrative oil and fuels black market. And political parties, all Shiite, are trying to fill the power vacuum left by the British troops’ dwindling presence.
The militias of the parties -- the Badr Corps of the Supreme Iraqi Islamic Council, which is part of the government coalition and backed by the United States; the Sadr Movement’s Mahdi Army; and the Fadhila Party’s armed forces -- have jockeyed for control using bullets in the past.
The trend appears to be re-emerging. A leading member of the Basra electoral commission was assassinated over the weekend, and a car carrying members of the Sunni Islamic Party was attacked, with one killed.
“The Iraqi forces will receive the security mission in Basra city from the British forces in mid-December,” Prime Minister Nouri al-Maliki said during a ceremony marking the security file handover from U.S. to Iraqi forces in Karbala.
Karbala is the eighth of Iraq’s 18 provinces to take over its own security detail.
In Basra, however, matters are much more complicated.
At the top is the province’s role in Iraq’s oil sector. Nearly all of the 1.6 million barrels of Iraq’s daily oil exports flow to market from Basra. The proceeds of the sales fund more than 90 percent of the federal budget.
Basra is arguably Iraq’s most important city.
It’s also where militias and gangs angle for control of the lucrative oil and fuels black market. And political parties, all Shiite, are trying to fill the power vacuum left by the British troops’ dwindling presence.
The militias of the parties -- the Badr Corps of the Supreme Iraqi Islamic Council, which is part of the government coalition and backed by the United States; the Sadr Movement’s Mahdi Army; and the Fadhila Party’s armed forces -- have jockeyed for control using bullets in the past.
The trend appears to be re-emerging. A leading member of the Basra electoral commission was assassinated over the weekend, and a car carrying members of the Sunni Islamic Party was attacked, with one killed.
© 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.
