Energy Resources

OPEC negotiations push oil prices down; Papua New Guinea works to maintain LNG; State Oil Co. of Azerbaijan received 1.7 million tons of oil.

CAIRO, Nov. 28 (UPI) -- OPEC's direction at its weekend meeting in Cairo will be muddied by secrecy and ineptitude, an analysis says.

NEW DELHI, Nov. 28 (UPI) -- In order to increase its wind power, India is considering a transmission tariff mechanism.

BEIJING, Nov. 28 (UPI) -- China and Japan have signed contracts to work together toward energy conservation.

VATICAN CITY, Nov. 28 (UPI) -- The Vatican recently inaugurated its new solar power energy system.

OPEC may delay production cuts; Greenland controls its own oil; Nigeria cuts its LNG output on violence

MOSCOW, Nov. 28 (UPI) -- The state-owned Russian oil company, Rosneft, has debt totaling roughly half of its market value, the president of the leading extraction firm said.

MOSCOW, Nov. 28 (UPI) -- Oil major TNK-BP filed a request with the Russian government to delay imposing strict fuel standards amid lagging refinery upgrades, officials said.

ISLAMABAD, Pakistan, Nov. 28 (UPI) -- The Turkmenistan-Afghanistan-Pakistan pipeline is a viable project despite full certifications of reserves from Turkmenistan, the Asian Development Bank said.

Nigeria has established a new "security panel" aimed at ridding the oil-rich Niger Delta of gunmen and militants in the next three months.

WASHINGTON, Nov. 26 (UPI) -- Nearly 30 years of U.S. sanctions have left Iran's energy industry in a parlous state. Speaking at the opening ceremony of the first National Stakeholder System Development Congress in Oil Industry, Iran's Deputy Oil Minister Hamdollah Mohammadnejad candidly stated that Iran needs foreign investment of $14 billion annually over the next decade to sustain and improve its energy infrastructure.

HELSINKI, Finland, Nov. 26 (UPI) -- The consortium managing the Nord Stream submarine gas pipeline through the Baltic Sea said it plans to detonate unexploded World War II ordnance underwater.

ANKARA, Turkey, Nov. 26 (UPI) -- Turkish officials acknowledged Wednesday they could create an energy link to India through the Mediterranean Sea and the Israeli port of Ashkelon.

LISBON, Portugal, Nov. 26 (UPI) -- Portugal's General Directorate for Energy and Geology said wind power will provide 15 percent of the nation's electricity by 2010.

MOSCOW, Nov. 26 (UPI) -- Russian gas monopoly Gazprom is expected to form a joint venture with the Serbian state-run oil firm to develop the South Stream gas pipeline, officials said.