• 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.
» view more...
  • 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.
» view more...

Iraqi ministers called out on non-spending


Published: Oct. 31, 2007 at 3:21 PM
Print story
Email to a friend
Font size:
BAGHDAD, Oct. 31 (UPI) -- Much of Iraq’s 2007 capital budget went unspent, so Parliament’s chief of integrity is calling for the heads of the oil and electricity ministers.

The country faces a daunting task, however, spending reconstruction funds in a war zone, with the accusation of corruption looming, preventing action.

Sabah al-Saadi, chief of the Parliament Integrity Committee, said the $18 billion expected budget surplus is too much.

He said the ministers of oil, electricity and trade should be held responsible for not doling out funds dedicated to reconstruction.

“Any Ministry which spent less than 25 percent of its budgeted funds shows a failure of that Ministry,” Saadi told the al-Mowaten newspaper.

The Oil and Electricity ministries face an additional hardship, since their industries' infrastructures are often targets of insurgents and looters.

Pipelines are regularly attacked and transmission lines brought down.

© 2007 United Press International. All Rights Reserved.
This material may not be reproduced, redistributed, or manipulated in any form.
Print story
Order reprints
Email to a friend
Post comment