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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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Kirkuk, other Iraq issues to be delayed
Published: Dec. 17, 2007 at 1:19 PM
BAGHDAD, Dec. 17 (UPI) -- Iraq's constitutional committee wants its mandate extended by a year as a Kurdish region leader OK's a six-month extension on the Kirkuk referendum.
The Committee on Constitutional Amendments said Saturday it needs more time to reach deals between rival political factions over controversial issues in the constitution, the Voices of Iraq news agency reports.
"We will demand a one-year extension of the committee's work to enable dialogue to take place free from time pressure," said parliamentarian and committee member Abbas al-Bayyati. "In 2008, the committee plans to reach political consensus on controversial issues, mainly article 140 on the status of Kirkuk, article 115 defining the relationship between the central government and regional authorities, article 41 (personal status), and the article pertaining to the president's powers."
Article 140 of the constitution gave a Dec. 31, 2007, deadline on a referendum over the future of disputed territories with some historical ties to the Kurdish region but segregated under Saddam Hussein.
Kirkuk, where a super giant oil field is located, is the hotbed for this. Kurds claim it, as do Turkey-backed Turkomen. Sunni Arabs, moved into the area by Hussein to displace Kurds and other residents, don't want the oil wealth to be taken away from Baghdad's control and put under the Kurdistan Regional Government.
But to have a referendum, a program to reverse the displacement program must be accomplished, as well as a census to decide who is eligible to vote. None of this is feasible by the end of the year.
The KRG has said that a limited delay for technical reasons would be allowed, but it is against any political delay.
The global intelligence firm Stratfor reports Nechirvan Barzani, the prime minister of the KRG, has agreed to a six-month extension.
The Committee on Constitutional Amendments said Saturday it needs more time to reach deals between rival political factions over controversial issues in the constitution, the Voices of Iraq news agency reports.
"We will demand a one-year extension of the committee's work to enable dialogue to take place free from time pressure," said parliamentarian and committee member Abbas al-Bayyati. "In 2008, the committee plans to reach political consensus on controversial issues, mainly article 140 on the status of Kirkuk, article 115 defining the relationship between the central government and regional authorities, article 41 (personal status), and the article pertaining to the president's powers."
Article 140 of the constitution gave a Dec. 31, 2007, deadline on a referendum over the future of disputed territories with some historical ties to the Kurdish region but segregated under Saddam Hussein.
Kirkuk, where a super giant oil field is located, is the hotbed for this. Kurds claim it, as do Turkey-backed Turkomen. Sunni Arabs, moved into the area by Hussein to displace Kurds and other residents, don't want the oil wealth to be taken away from Baghdad's control and put under the Kurdistan Regional Government.
But to have a referendum, a program to reverse the displacement program must be accomplished, as well as a census to decide who is eligible to vote. None of this is feasible by the end of the year.
The KRG has said that a limited delay for technical reasons would be allowed, but it is against any political delay.
The global intelligence firm Stratfor reports Nechirvan Barzani, the prime minister of the KRG, has agreed to a six-month extension.
© 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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Iraq, KRG leaders start oil talks