Latest news
Iraqi cabinet approved raw gas agreement
Recently, the Iraqi Government confirmed an agreement with Mitsubishi Corporation and Royal Dutch Shell creating a joint venture, called Basrah Gas Company (BGC) for gathering raw gas from three large oil fields, Rumaila, Zubair, West Qurna 1 and Majnoon situated in the southern part of the country. This is an important move toward reducing greenhouse-gas emissions, building a reliable energy supply and attracting more investments in the country.
read more... 17/11/2011
Germany to invest 100 Billion Euros in renewables
Germany’s federally-owned KfW banking group announced its investment bid for renewable energy worth 100 billion Euros over the next five years. Forasmuch as Germany is the largest photovoltaic market and leads the wind energy industry, this move will consolidate the investments’ outlook and give more attractiveness to green energy in the local businesses.
read more... 21/10/2011
Syria: EU imposes embargo on oil export
EU government banned EU companies from new investments in Syrian oil industry on Wednesday, adding some entities and two individuals on the black list. The sanctions are also prohibiting Syrian oil exports to the United States and European Union.
read more... 22/09/2011
UK needs more gas storages to prevent a volatile future
The major industrial gas users in the UK addressed to energy minister Charles Hendry, asking for more investments in UK gas storage facilities to prevent a volatile future and to ensure the integrity of supply.
read more... 14/09/2011
Lukoil reveals major investments in oil refining and petrochimical
Russian energy major, Lukoil announced its plans to invest $25 billion in oil refining and petrochemistry both in Russia and abroad in the next 10 years, said Lukoil head Vagit Alekperov .
read more... 13/09/2011