Iran stops oil exports to Britain, France
Tweet Tehran: Iran’s oil ministry announced Sunday that it has stopped oil exports to Britain and France. The announcement comes after the oil minister said earlier that Iran might halt its oil exports to some European Union (EU) countries. “We have our own oil customers and the replacements for these companies have already been considered [...]
Tweet Quito: Ecuador has signed contracts for $1.7 billion in investment – the biggest to date in the country’s oil sector – to boost output at a pair of mature Amazon fields. Non-Renewable Natural Resources Minister Wilson Pastor, speaking at a signing ceremony at the presidential palace in Quito, described the fields as Ecuador’s “crown [...]
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Tweet Kuwait City: Investment in the petrochemical sector in the Gulf region would go up to $160 billion in the next five years, an energy report has revealed. The report issued by the Diplomatic Centre for Strategic Studies said the new investments would increase the petrochemicals output of member-states of the Gulf Cooperation Council (GCC) [...]
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Tweet La Paz; Repsol CEO Antonio Brufau told Bolivian President Evo Morales that the Spanish energy giant plans to invest $640 million in operations in this Andean nation for the 2010-14 period, the company said in a statement. Brufau and Morales visited the Margarita natural gas field in the southern province of Tarija, where a [...]
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Tweet Washington: British oil giant BP has agreed to sell its Pompano and Mica oil fields in the Gulf of Mexico to Stone Energy Offshore, a subsidiary of Stone Energy Corp, for $204 million in cash, the British company said. The agreement includes the sale of BP's 75 percent operated working interest in the Pompano [...]
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Tweet Rio De Janeiro: Brazil would invest 214 billion reals ($122 billion) to build hydroelectric, solar and wind power projects in the next decade. "The hydroelectric energy is of great importance to Brazil, and yet, the country uses only a third of its potential," Brazilian Mines and Energy Minister Edison Lobao said Tuesday during a [...]
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Tweet Veracruz (Mexico): Petroleo Brasileiro, or Petrobras, plans to invest $11 billion in oil exploration, production and refining projects in Mexico between now and 2015, an official said. Veracruz Gov. Javier Duarte learned about the Brazilian state-controlled oil giant's plans during his ongoing tour of Brazil, state government spokeswoman Gina Dominguez said. Most of the [...]
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Tweet Vermaland, Arizona’s principal solar land holders has announced that the company will develop a large, contiguous 3,600-acre solan energy site in the highest solar resource area in Maricopa County, AZ. The property, which is rated 7.5 kwh on the National Renewable Energy Laboratory (NREL) solar resource map is expected to go to auction in [...]
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