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British Energy shares up on new bids
Published: May 16, 2008 at 9:17 PM
LONDON, May 16 (UPI) -- Shares in British Energy rose sharply after several more bid proposals. -
India's L&T signs deal with GE
Published: May 16, 2008 at 9:11 PM
MUMBAI, May 16 (UPI) -- India's Larsen and Toubro signed a deal with U.S.-based GE Energy. -
Jordan, GNEP plan for nuclear energy
Published: May 16, 2008 at 9:06 PM
AMMAN, Jordan, May 16 (UPI) -- Jordan and the Global Nuclear Energy Partnership will work to develop nuclear projects.
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UPI Energy Watch
Published: May 16, 2008 at 8:49 PM
Bush asks Saudi Arabia to increase oil output; Venezuela threatens a spike in oil prices if it's attacked; Indian oil workers in Sudan kidnapped by locals -
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.
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Ex-Iraq power minister bails out Rezko
Published: May 2, 2008 at 3:33 PM
CHICAGO, May 2 (UPI) -- Iraq's former electricity minister-turned-fugitive put up $2 million in property equity to get a Chicago political funder accused of state bribes out of jail.
Aiham Alsammarae, who was accused of corruption and escaped from jail in Iraq in 2006, helped pay for part of Tony Rezko's bail using the $1.9 million in equity from a home in Oak Brook and $840,000 from two condominiums in Chicago's South Loop, the Chicago Sun-Times reports.
The total bail amount was $8.5 million.
Alsammarae lived in Chicago until 2003 when he returned to Iraq. He has been accused by the Electrical Utility Workers Union of ignoring workers in exchange for foreign labor and purchasing equipment that was mothballed.
He was arrested and charged with corruption but escaped after four months in prison, with the help of U.S. contractors, he says, and now lives in Chicago.
Rezko has been charged with angling kickbacks from state contractors looking for deals with the state of Illinois. He also has raised funds for Illinois Gov. Rod Blagojevich and Sen. Barack Obama, D-Ill. The Democratic Party presidential hopeful has donated the funds to charity. A photo of Rezko and Sen. Hillary Clinton, D-.N.Y., also a presidential candidate, and her husband former President Bill Clinton has surfaced. Clinton says she doesn't know Rezko.
Rezko and Alsammarae were Illinois Institute of Technology classmates three decades ago and remained friends, the Sun-Times reports.
Rezko was accused by federal prosecutors in a private meeting with the Chicago case judge of paying a $1.5 million bribe for an Iraq electricity security deal and winning a $50 million deal in 2005 to train security officers at power stations in Iraq. He hasn't been charged for the alleged Iraq bribe.
He allegedly paid it through his new company called Companion Security while Alsammarae was minister.
Aiham Alsammarae, who was accused of corruption and escaped from jail in Iraq in 2006, helped pay for part of Tony Rezko's bail using the $1.9 million in equity from a home in Oak Brook and $840,000 from two condominiums in Chicago's South Loop, the Chicago Sun-Times reports.
The total bail amount was $8.5 million.
Alsammarae lived in Chicago until 2003 when he returned to Iraq. He has been accused by the Electrical Utility Workers Union of ignoring workers in exchange for foreign labor and purchasing equipment that was mothballed.
He was arrested and charged with corruption but escaped after four months in prison, with the help of U.S. contractors, he says, and now lives in Chicago.
Rezko has been charged with angling kickbacks from state contractors looking for deals with the state of Illinois. He also has raised funds for Illinois Gov. Rod Blagojevich and Sen. Barack Obama, D-Ill. The Democratic Party presidential hopeful has donated the funds to charity. A photo of Rezko and Sen. Hillary Clinton, D-.N.Y., also a presidential candidate, and her husband former President Bill Clinton has surfaced. Clinton says she doesn't know Rezko.
Rezko and Alsammarae were Illinois Institute of Technology classmates three decades ago and remained friends, the Sun-Times reports.
Rezko was accused by federal prosecutors in a private meeting with the Chicago case judge of paying a $1.5 million bribe for an Iraq electricity security deal and winning a $50 million deal in 2005 to train security officers at power stations in Iraq. He hasn't been charged for the alleged Iraq bribe.
He allegedly paid it through his new company called Companion Security while Alsammarae was minister.
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