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Iranian oil output at the lowest level in 20 years, hit by sanctions
Iran’s oil output has dipped to the lowest level in 20 years, as the international sanctions imposed on Teheran started to show their impact, according to independent data released on Wednesday.
read more... 03/05/2012
China: natural gas imports set to jump
China, the world’s second-largest oil consumer will continue to be dependent on natural gas imports, which account for more than half of the Chinese total consumption.
read more... 28/12/2011
Gulf Keystone makes the second significant oil discovery in Iraq
Gulf Keystone Petroleum Ltd., an AIM listed independent oil and gas exploration company announced a significant discovery at the Shaikan-1 exploration well, in the Kurdistan region of Iraq.
read more... 12/08/2011
Nabucco’s future dependent on Azerbaijan
In the article entitled “Nabucco Pipeline’s Fate Hinges on Azerbaijan”, published by The Wall Street Journal, the author relates that the fate of the Nabuccco pipeline, which will be able to carry 31 billion cubic feet per year of gas linking the Caspian to Austria by traversing the heart of Turkey proposed in 2002, may depend on Azerbaijan.
read more... 03/08/2011
Russia files a lawsuit against Bulgaria over delayed nuclear plant
Russia filed a lawsuit against Bulgaria’s National Electric Company (NEK) in order to accelerate the construction of the Belene nuclear power plant, the first in the EU that is totally dependent on Russian technology.
read more... 25/07/2011