Latest news
U.S. imposes new tighter sanctions on Iran’s oil
Obama administration has unveiled new sanctions against foreign banks, as well as on firms that help Iran sell its oil, as Iran is refusing to answer international questions about its nuclear program.
read more... 02/08/2012
EU oil ban on Iran came into force
The UN Security Council, which comprises 5 permanent members and one non-permanent, has imposed a number of restrictions aimed to punish Iran over its nuclear program, being the most stringent and drastic oil embargo put ever on Iran’s oil industry.
read more... 03/07/2012
“Golden age for gas”- gas to be reclassified as a green source of energy
Energy from gas power stations has been reclassified as a green source of power by Horizon 2020, an €80bn European Union programme revealed last year, move which could have serious consequences for the renewable energy industry.
read more... 07/06/2012
BP to resume oil exploration program in Libya
The oil major BP announced it will resume its oil operations in Libya, suspended since 21 February 2011 because of civil war against the regime of Muammar Gadafy. The move came as the company feels the security situation inside Libya now makes it safe enough to return.
read more... 04/06/2012
Daily- British prompt gas prices decline on mild weather and lower demand
Brent crude oil jumped about $107 per barrel on Monday as fears of an eventual euro zone collapse eased, but Middle East oil supply worries emerged again as talks on Iran’s nuclear programme failed.
read more... 28/05/2012