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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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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-KRG oil row, Baghdad talks continue
Published: Dec. 18, 2007 at 12:58 PM
WASHINGTON, Dec. 18 (UPI) -- Iraqi Kurdish oil contracts are unconstitutional, the Iraq government spokesman said, as both sides meet in Baghdad over oil disputes and other issues.
"We stand on the same situation that all the oil contracts need to be approved by the central government," Ali al-Dabbagh, speaking by phone from Baghdad, told United Press International. "Without such approval it is not operative."
A delegation from Iraq's semiautonomous Kurdistan Regional Government have been in Baghdad discussing the controversial oil deals signed by the KRG, as well as issues surrounding the KRG's budget and security forces, and a timeline for a contentious referendum on the fate of the oil city of Kirkuk.
The KRG, which has little proven oil reserves but geological formations suggesting oil wealth, has passed its own regional oil law in August and signed more than 20 contracts with foreign oil firms. It blames the national government for stalling a draft oil law.
The national government counters the same and has called the deals illegal.
"Unless the central government knows details about this contract and the initiative should come from the central government," Dabbagh said, "and approval as well, in order to be workable and acceptable by the central government."
The KRG hasn't signed any new deals in recent weeks, but work is progressing in the exploration blocks it has signed production-sharing contracts for, which Dabbagh said "is not a constitutional step."
The central government, which relies on the Kurdistan Alliance in Baghdad to maintain a governing coalition, has mostly stayed away from addressing the looming oil deals confrontation.
Now, however, the KRG prime minister, oil minister and finance ministers are meeting with their counterparts in the national government, as well as the national defense minister, to iron out differences.
Meetings continue "in order to find out a settlement to this dispute," Dabbagh said, though no deals have been reached yet.
"We treat this dispute as usual," he said, "because we are at the early stage of federalism in Iraq and we do need to define the power and the authorities of the regional and central governments."
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Ben Lando, UPI Energy Editor
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(e-mail: blando@upi.com)
"We stand on the same situation that all the oil contracts need to be approved by the central government," Ali al-Dabbagh, speaking by phone from Baghdad, told United Press International. "Without such approval it is not operative."
A delegation from Iraq's semiautonomous Kurdistan Regional Government have been in Baghdad discussing the controversial oil deals signed by the KRG, as well as issues surrounding the KRG's budget and security forces, and a timeline for a contentious referendum on the fate of the oil city of Kirkuk.
The KRG, which has little proven oil reserves but geological formations suggesting oil wealth, has passed its own regional oil law in August and signed more than 20 contracts with foreign oil firms. It blames the national government for stalling a draft oil law.
The national government counters the same and has called the deals illegal.
"Unless the central government knows details about this contract and the initiative should come from the central government," Dabbagh said, "and approval as well, in order to be workable and acceptable by the central government."
The KRG hasn't signed any new deals in recent weeks, but work is progressing in the exploration blocks it has signed production-sharing contracts for, which Dabbagh said "is not a constitutional step."
The central government, which relies on the Kurdistan Alliance in Baghdad to maintain a governing coalition, has mostly stayed away from addressing the looming oil deals confrontation.
Now, however, the KRG prime minister, oil minister and finance ministers are meeting with their counterparts in the national government, as well as the national defense minister, to iron out differences.
Meetings continue "in order to find out a settlement to this dispute," Dabbagh said, though no deals have been reached yet.
"We treat this dispute as usual," he said, "because we are at the early stage of federalism in Iraq and we do need to define the power and the authorities of the regional and central governments."
--
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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