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Daily energy Overview, Monday, August 08, 2011
U.S. and ICE Brent crude oil futures increased on Friday after three days of consecutive looses backed by a higher than expected increase in U.S. jobs data for July and a pipeline fire in Iran.
read more... 08/08/2011
Iran to keep opposing any rise in OPEC production quotas
Iran, OPEC's second biggest crude producer continues opposing an increase in oil production and favoring high oil prices, according to Iranian oil minister statements on Sunday.
read more... 27/06/2011
Iran and Armenia to boost energy cooperation
The Iranian newspaper Teheran Times reported that Iran and Armenia will start the construction of a third electricity transmission line between the two countries within two weeks. The project is estimated to cost about $110 million and will have a capacity of 800-900MW between the two countries.
read more... 01/06/2011
A blast hits Iranian oil refinery during president Ahmadinejad’s visit
Iranian state media agency has reported that an explosion rocked at Abadan Refinery on Tuesday during the visit of Iran’s president Mahmoud Ahmadinejad, even at the moment he was holding a speech at the plant inauguration ceremony.
read more... 25/05/2011
EU intensifies sanctions against Iran following nuclear program
The European Union tightened its restrictive measures against Iran, following the concerns about its nuclear program, after Iran refused to enter constructive talks with the United States and E.U.
read more... 24/05/2011