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Fuel Consumption Falls After Subsidy Cuts: Iran

Fuel Consumption Falls After Subsidy Cuts: Iran

Δευ, 27 Δεκεμβρίου 2010 - 17:51

Fuel consumption across Iran has fallen since the government began scrapping subsidies on energy goods, a top official said on Monday, adding the economic restructuring has been generally well received. "In the first nine days of the launch of the subsidy removal plan, the energy consumption has fallen," Deputy Economy Minister Mohammad Reza Farzin told AFP in an interview

Irans Blurry Energy Problems

Iran's Blurry Energy Problems

Δευ, 27 Δεκεμβρίου 2010 - 13:32

One of Tehran’s signature landscapes — the imposing, rugged line of the Alborz Mountains at the city’s northern boundary — has suddenly become an elusive one. Instead, Tehranis’ eyes, and complaints, have turned toward a dense and noxious wall of smog that has only rarely lifted during the past two months

Exxon Bulks Up On Natural-gas Assets

Exxon Bulks Up On Natural-gas Assets

Παρ, 24 Δεκεμβρίου 2010 - 14:20

Exxon Mobil Corp. continued a year-long buying spree for U.S. natural-gas assets, paying $575 million for wells and reserves in Arkansas.

Qatar Oil Minister: OPEC Not Worried About Current Oil Prices

Qatar Oil Minister: OPEC Not Worried About Current Oil Prices

Παρ, 24 Δεκεμβρίου 2010 - 14:18

The Organization of Petroleum Exporting Countries isn't worried about oil prices rising above $90 a barrel as they are largely driven by seasonal forces, Qatar Oil Minister Abdullah bin Hamad Al Attiyah said Friday.

Austria and Montenegro to Build 2 Albanian Hydroelectric Power Plants

Austria and Montenegro to Build 2 Albanian Hydroelectric Power Plants

Παρ, 24 Δεκεμβρίου 2010 - 12:21

Montenegro newspapers report that Austria's "Por" and "Bemax" from Podgorica, and cooperate on the first export deal Montenegrin builders (since the 1990s. In) to build two hydroelectric power plants on Drim in Albania. Regional Director of the Austrian company "Por" for Southeast Europe Raičković Budimir said the victory that they were satisfied with what "Bemax shows.

DryShips Announces Entry Into the Tanker Segment

DryShips Announces Entry Into the Tanker Segment

Παρ, 24 Δεκεμβρίου 2010 - 12:17

DryShips Inc, a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has entered into agreements with a first class Korean shipyard to purchase twelve high specification newbuilding tankers at a total purchase price of about $770 million, including over $3 million per vessel in extra items.

Cnooc, Sinopec Seek HK Bank Loans To Fund Acquisitions

Cnooc, Sinopec Seek HK Bank Loans To Fund Acquisitions

Πεμ, 23 Δεκεμβρίου 2010 - 17:28

Two Chinese oil giants Cnooc Ltd. (CEO) and China Petrochemical Corp., known as Sinopec Group, are seeking bank loans of around US$4.5 billion from the Hong Kong market to fund their announced overseas acquisitions, turning to the offshore loan market amid tightening liquidity at home, people familiar with the situation said Thursday.

Turkey, Iran, Azerbaijan Seek Closer Ties

Turkey, Iran, Azerbaijan Seek Closer Ties

Πεμ, 23 Δεκεμβρίου 2010 - 17:27

Turkey, Iran and Azerbaijan pledged closer co-operation Thursday in efforts to resolve regional conflicts and combat terrorism and organized crime, a joint statement said.