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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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Hyundai to enter hybrid market
Published: March 26, 2008 at 8:27 PM
SEOUL, March 26 (UPI) -- South Korea's Hyundai Motor Co. said it will enter the hybrid market.
The South Korean car maker and India's third-largest producer of passenger cars said it is planning to launch its first liquid petroleum gas and electric hybrid car by 2010, the Hindustan Times reported.
Hyundai is expected to begin its first mass production with the compact-sized LPG model, the Avante, or Elantra Liquefied Petroleum Injection hybrid as increasing oil and gas prices are driving the market up for more fuel-efficient vehicles worldwide.
By 2010, Hyundai said it plans to introduce mid-sized hybrids that use gasoline and LPG.
"The importance of developing futuristic, environmentally-friendly cars is increasing for sustainable growth," said Hyundai-Kia Chairman Chung Mong Koo. "Therefore, technology for advanced cars, like the hybrid, is imperative. We also plan to produce a small fleet of fuel cell electric vehicles from 2012."
Currently, Hyundai provides hybrid models to government agencies performing pilot projects.
To meet its 2009 mass production target, Hyundai will develop technology, create a mass production system and expand its model lineup in that order.
The South Korean car maker and India's third-largest producer of passenger cars said it is planning to launch its first liquid petroleum gas and electric hybrid car by 2010, the Hindustan Times reported.
Hyundai is expected to begin its first mass production with the compact-sized LPG model, the Avante, or Elantra Liquefied Petroleum Injection hybrid as increasing oil and gas prices are driving the market up for more fuel-efficient vehicles worldwide.
By 2010, Hyundai said it plans to introduce mid-sized hybrids that use gasoline and LPG.
"The importance of developing futuristic, environmentally-friendly cars is increasing for sustainable growth," said Hyundai-Kia Chairman Chung Mong Koo. "Therefore, technology for advanced cars, like the hybrid, is imperative. We also plan to produce a small fleet of fuel cell electric vehicles from 2012."
Currently, Hyundai provides hybrid models to government agencies performing pilot projects.
To meet its 2009 mass production target, Hyundai will develop technology, create a mass production system and expand its model lineup in that order.
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This material may not be reproduced, redistributed, or manipulated in any form.
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