Showing posts with label Asia. Show all posts
Showing posts with label Asia. Show all posts

Iraq Oil Minister rejects Kurdistan plan

Posted by Jorge Carballo at 2:41 PM . Tuesday, May 19, 2009
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IRAK - In a step seen as an escalation of the dispute between the central and Kurdish governments over the control of oil resources, Oil Minister Hussein Al Shahristani rejected Kurdistan oil export p...


Nepal, India agree to build 41-km oil pipeline between them

Posted by Jorge Carballo at 2:40 PM .
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NEPAL - Nepali Oil Corporation (NOC) and India Oil Corporation (IOC) have agreed to build a 41-km oil pipeline between Raxaul of India and Amlekhgunj of Nepal. ...


China starts construction of oil pipeline to Russia

Posted by Jorge Carballo at 2:39 PM .
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CHINA - China started the construction of a crude oil pipeline to Russia, following a loan-for-oil agreement between the two countries last month. ...


Kuwait political stalemate holds up projects

Posted by Jorge Carballo at 2:37 PM .
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KUWAIT – Many investment projects have been cancelled or delayed in Kuwait, the world's fourth largest oil exporter, because of a crisis between the Gulf Arab state's Islamist-dominated parliame...


Oil firms in crisis due to shortage of oil rigs

Posted by Jorge Carballo at 2:33 PM .
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INDIA - Shortage of rigs and skilled personnel in India will not only result in delay in hydrocarbon discovery by oil exploration and production companies but also lead to oil imports rising by 2...


Qatar rides out credit crisis with huge bet on LNG

Posted by Jorge Carballo at 2:27 PM .
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QATAR - On a March morning in Qatar's Ras Laffan Industrial City on the Persian Gulf, a red flame shoots into the haze from a 650-foot stack. The burst of fire is burning off excess fuel as worker...



Turkmenistan: an oasis in the crisis

Posted by Jorge Carballo at 2:26 PM .
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TURKMENISTAN - Turkmenistan has avoided the world economic crisis, according to the International Monetary Fund. The IMF reached its conclusion after evaluating the Turkmen economy during its annu...


Indian Oil secures 300.676$ loan for Paradip refinery

Posted by Jorge Carballo at 2:07 PM .
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INDIA - India's public sector oil refining and marketing giant, Indian Oil Corporation Ltd.(IOC) has arranged a term loan of Rs14,900 crore for its prestigious Paradip refinery project in Orissa f...


Chevron positions itself for post-crisis situation

Posted by Jorge Carballo at 2:06 PM .
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THAILAND - Chevron's Asia South subsidiary will proceed with all of its oil and gas projects and cost-efficiency improvements, so it can take advantage of the region's eventual economic recover...


Renaissance hopes to cash in on lucrative oil project

Posted by Jorge Carballo at 2:02 PM .
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OMAN - The extreme temperatures and shallow waters of the Caspian Sea combine to create a harsh operating environment. However, Kazakhstan's Kashagan oilfield is providing a bountiful source of...


PetroChina unit raises fuel storage capacity

Posted by Jorge Carballo at 1:59 PM .
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CHINA - PetroChina's northwest fuel sales unit has expanded its storage capacity for refined oil products by nearly 360% in less than four years. ...