Latest news
Japan to cut volumes of Iranian crude oil imports after April
Japan, the world's third largest oil consumer, announced that it is going to cut sharply its Iranian crude imports under new contracts to be concluded soon, following US and European sanctions over Tehran's nuclear programme.
read more... 09/04/2012
Italy: Eni allowed to import Iranian oil despite EU oil embargo
Eni, Italy’s oil and gas giant, has received a special exemption from the sanctions which would allow the company receiving Iran’s crude despite EU embargo on Iranian oil, the company’s CEO Paolo Scaroni told the reporters on Friday.
read more... 26/03/2012
Poland’s PGNiG to minimize the volume of natural gas purchases from Gazprom
Poland’s state-owned natural gas giant PGNiG has announced that it will reduce gas imports from Gazprom via the Yamal pipeline to around 85% of the contracted volume and will replace the missing volume with alternative resources from western European firms.
read more... 21/03/2012
Brazil to expand solar power with new regulations
Brazil, the country which has long been a leader in the production of ethanol and strived to become an international force in wind energy, has decided to make an important investment in solar energy.
read more... 20/03/2012
EU ban on Iranian oil
EU foreign ministers decided on 23 January 2012 to ban new contracts to import petroleum and petroleum products from Iran and to end existing contracts by 1 July 2012. On 17 March 2012, the SWIFT electronic banking network, the world hub of electronic financial transactions, ordered to disconnect all Iranian banks from its international network that had been identified as institutions in breach of current EU sanctions.
read more... 20/03/2012