• Analysis: China faces tanker shortage
    Published: May 9, 2008 at 8:21 PM
    By JOHN C.K. DALY
    UPI International Correspondent
    WASHINGTON , May 9 (UPI) -- China's rising energy demands will require Beijing to either build or lease ships to carry the oil needed for its industry. As domestic tanker production has failed to keep pace with rising demand, some Chinese maritime specialists see a shortage in carrying capacity for Chinese oil imports developing by 2015.
  • Analysis: Russia squeezes Mongolia
    Published: May 9, 2008 at 8:16 PM
    By JOHN C.K. DALY
    UPI International Correspondent
    Record-high energy prices are increasingly dominating Russia's trade relations with Mongolia. As Mongolia imports nearly all of its oil from Russia, the country is feeling pressure from sharp Russian price increases, and the government is seeking legislative changes to ameliorate the effect of the price increases on the population.
  • OPEC Chief: U.S. economy to blame for high oil prices
    Published: May 8, 2008 at 6:09 PM
    By BEN LANDO
    UPI Energy Editor
    WASHINGTON, May 8 (UPI) -- Angry oil consumers taking aim at OPEC are looking at a "scapegoat" instead of a needed mirror, the head of the bloc of oil producers said during a visit to Washington Thursday.
  • UPI Energy Watch
    Published: May 8, 2008 at 4:44 PM
    Southern Sudan's oil revenues reach $3.2B in the last 3 years; Gazprom board orders creation of winter gas reserves; Russian oil exports to non-C.I.S. down
  • Analysis: Define 'renewable'
    Published: May 8, 2008 at 1:33 PM
    By ROSALIE WESTENSKOW
    UPI Correspondent
    THE DALLES, Ore., May 8 (UPI) -- Crucial options were left out of last year's energy bill, advocacy groups say, and policymakers are looking to remedy the exclusion.
  • Nigeria oil rebels eye U.S. presidential race
    Published: May 8, 2008 at 12:38 PM
    By CARMEN GENTILE
    UPI Energy Correspondent
    Nigerian militants are calling for former U.S. President Carter to mediate talks between rebels and the government to end hostilities in the oil-rich Niger Delta and are weighing a reported cease-fire appeal by Democratic presidential hopeful Barack Obama.

Iraq Electric Ministry wants more funds


Published: Feb. 21, 2008 at 6:41 PM
BAGHDAD, Feb. 21 (UPI) -- Iraq's Electricity Ministry is asking Baghdad to give it another $2.6 billion this year to repair and build new power stations.

"Baghdad is getting only 1,000 megawatts," Karim Wahid Hasan told a news conference in Baghdad, "instead of the 2,500 megawatts it needs as its power stations are not producing electricity because the eight oil and gas pipelines that supply them have been destroyed."

Wahid said the country is producing less than half of the 9,500 megawatts Iraqis need, the news service of the U.N. Humanitarian Office reports, largely because of regular attacks and other outages.

"We have asked the government to allocate $4 billion in the 2008 budget to our ministry to rebuild the power network, instead of $1.4 billion," he said.

An assessment of attacks between March 2003 and Nov. 17, 2007, made for United Press International by an expert in threats and vulnerabilities to the energy sector worldwide showed at least 1,211 workers in Iraq's power sector have been targeted. There have been 651 attacks on distribution and transmission lines and towers, 66 attacks on thermal power stations, five on hydroelectric power stations and 13 on power substations.

Iraq's oil sector faces similar sabotage and threats, which is causing a lack of supply of fuel for the power plants, which can't produce the electricity needed to run refineries or oil processing.


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