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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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KRG minister: Iraqi Kurd oil to Turkey OK
Published: Nov. 27, 2007 at 12:35 PM
WASHINGTON, Nov. 27 (UPI) -- Iraqi Kurds will be able to export oil to Turkey, the region's oil minister said, despite concerns from Baghdad and Ankara over the moves by Kurds.
The Kurdistan Regional Government has made waves by signing oil deals without Baghdad and says it is five years from producing 1 million barrels per day.
That's more than Iraq can refine, which means it most likely will be sent to market. Turkey, which receives Iraq oil via a pipeline from Kirkuk, just outside of the KRG, has refused.
Iraq's national government, upset with the KRG, maintains only it has the right to export oil and says it has contacted Turkey, Iran and Syria in a Kurdish oil boycott.
Ashti Hawrami, the KRG's natural resources minister, told United Press International there should be no controversy.
"Firstly we are part of Iraq. We are Iraqis. Secondly, we have a pipeline infrastructure through Kurdistan, it is called the Kirkuk pipeline," he said. "The last 30 kilometers of the Kirkuk pipeline falls inside Duhok" -- a KRG province -- "before the Turkish border. All the metering controls are actually in that area. And that's where we're going to put it. As simple as that. So it is Iraqi oil, produced by Iraqis, exported by Iraqis, for the benefit of all the Iraqi people. I don't understand what the question is in that respect."
He said the money from the oil sales will be handled by the federal government, with a portion being shared with the KRG.
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Ben Lando, UPI Energy Editor
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(e-mail: blando@upi.com)
The Kurdistan Regional Government has made waves by signing oil deals without Baghdad and says it is five years from producing 1 million barrels per day.
That's more than Iraq can refine, which means it most likely will be sent to market. Turkey, which receives Iraq oil via a pipeline from Kirkuk, just outside of the KRG, has refused.
Iraq's national government, upset with the KRG, maintains only it has the right to export oil and says it has contacted Turkey, Iran and Syria in a Kurdish oil boycott.
Ashti Hawrami, the KRG's natural resources minister, told United Press International there should be no controversy.
"Firstly we are part of Iraq. We are Iraqis. Secondly, we have a pipeline infrastructure through Kurdistan, it is called the Kirkuk pipeline," he said. "The last 30 kilometers of the Kirkuk pipeline falls inside Duhok" -- a KRG province -- "before the Turkish border. All the metering controls are actually in that area. And that's where we're going to put it. As simple as that. So it is Iraqi oil, produced by Iraqis, exported by Iraqis, for the benefit of all the Iraqi people. I don't understand what the question is in that respect."
He said the money from the oil sales will be handled by the federal government, with a portion being shared with the KRG.
--
Ben Lando, UPI Energy Editor
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(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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