• Sabotage plans against Swedish nuke plant?
    Published: May 22, 2008 at 11:20 AM
    OSKARSHAMN, Sweden, May 22 (UPI) -- Two men have been arrested in connection with a sabotage plot against a Swedish nuclear power plant.
  • Time to finish Nabucco, official says
    Published: May 21, 2008 at 7:14 PM
    ANKARA, Turkey, May 21 (UPI) -- Turkish and Austrian officials agreed that construction of the 2,000-mile Nabucco natural gas pipeline project should begin as soon as possible.
  • Middle East's Dana Gas expands operations
    Published: May 21, 2008 at 7:13 PM
    SHARJAH, United Arab Emirates, May 21 (UPI) -- Dana Gas, the Middle East's first private-sector natural gas company, will invest more than $500 million in regional upstream and downstream activities.
  • Biofuels win big bucks from new farm bill
    Published: May 22, 2008 at 11:01 AM
    By ROSALIE WESTENSKOW
    UPI Correspondent
    WASHINGTON, May 22 (UPI) -- The farm bill passed last week by Congress, and promised a veto this week by President Bush, gives a big boost to the renewable fuels industry.
  • Nigeria to employ militants to guard oil
    Published: May 22, 2008 at 10:57 AM
    By CARMEN GENTILE
    UPI Energy Correspondent
    The Nigerian government announced it intends to employ the very same militants often blamed for attacks on oil installations in the Niger Delta to guard the region's oil pipelines.
  • Iran develops Caspian port
    Published: May 21, 2008 at 5:49 PM
    By JOHN C.K. DALY
    UPI International Correspondent
    WASHINGTON, May 21 (UPI) -- For the last decade the U.S. administration has brandished the 1996 Iran-Libya Sanctions Act to isolate Iran and punish naughty Western companies seeking a foothold in Iran's hydrocarbon sector.
  • UPI Energy Watch
    Published: May 21, 2008 at 1:08 PM
    OPEC still insists its supply is not the cause of record oil prices; Ever-increasing profits from rising oil prices could help reopen oil fields in Canada; Azerbaijan and Turkmenistan have agreed to energy cooperation
  • Venezuela warns of hyper oil inflation
    Published: May 21, 2008 at 11:29 AM
    By CARMEN GENTILE
    UPI Energy Correspondent
    MIAMI, May 21 (UPI) -- Following the discovery of a U.S. Navy fighter in Venezuelan airspace, President Hugo Chavez warned that oil prices could reach $500 a barrel were the United States to attack Venezuela.
  • UPI Energy Watch
    Published: May 20, 2008 at 11:31 AM
    China's CNPC said it has lost more than $250 million since the earthquake; India's Oil and Natural Gas Corp. is likely to see a drop in oil and gas production; Italy's Eni announced it is investing in oil in Congo.

EU official in Iraq on energy talks


Published: Feb. 21, 2008 at 6:40 PM
BAGHDAD, Feb. 21 (UPI) -- A top European Commission energy adviser is in Baghdad to discuss an Iraq-EU "strategic partnership," which the two sides announced earlier this month.

Faouzi Bensarsa is building on joint energy cooperation plans, which include developing Iraqi natural gas for the Arab gas pipeline to feed European consumers.

Bansarsa's meetings in Iraq will "examine the possibility of setting up a strategic partnership in energy between Iraq and the European Union," according to an EU statement, Voices of Iraq news agency reports. "Energy is a fundamental element for the development of the Iraqi economy."

"It's a promising new supplier," said Ferran Tarradellas, spokesman for EU Commissioner for Energy Andris Piebalgs, following the commissioner's meeting with Iraq Oil Minister Hussain al-Shahristani earlier this month. Citing Iraq's 10th-largest gas and third-largest oil reserves, Tarradellas added, "It's not that far from the European Union."

UPI was told by a member of the U.S.-led Energy Fusion Cell in Iraq "the (Iraqi) central government has directed the European Commission and accepted the European Commission's offer to rewrite the electricity law and establish a modern electricity framework along the lines of that which has been adopted and is functioning in Jordan."

Turkey is also working with the United States to develop gas in Iraq's north, which could run in a future gas pipeline along the current oil pipelines, feeding Turkish demand as well as Europe, looking to diversify from its heavy Russian reliance.

The EU statement also referred to Iraq's "huge potential for renewable energy, particularly solar energy."


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