Tag: Energy
Iraq says OPEC has no intention to adversely affect the global economy
Iraqi Oil Minister Abdul-Kareem Luaibi Bahedh said today in Vienna that the world oil market is “in stable condition” and that OPEC does not “adversely affect the global economy.” These statements to a group of reporters on the eve of the meeting tomorrow in Vienna celebrating the Organization of Petroleum Exporting Countries (OPEC) to agree [...]
Obama proposes 2,000 million fund for clean energy research
U.S. President Barack Obama today proposed the creation of an Energy Security Fund in the amount of 2,000 million dollars over the next 10 years to fund research into cleaner and more efficient technologies. “This is economic security. When fuel prices soar, is more complicated to plan investments and create new jobs,” Obama said in [...]
Iraq exported 71 million barrels of crude in March, its highest since 1980
The Iraqi Oil Ministry announced today that its oil exports during last March surpassed 70 million barrels, representing its highest level since 1980. Oil exports from Iraq rose in March to 71.8 million barrels and a gain of 8,400 million dollars, according to a statement released by the Ministry. During this period, more than 1.9 [...]
Obama urges Congress to remove oil subsidies with benefits
U.S. President Barack Obama today urged Congress to pass a bill to eliminate tax breaks for oil companies that have earnings “record” by rising oil and “could sustain themselves.” In addition to “record profits”, these companies receive “billions in taxpayer subsidies, a subsidy enjoyed year after year in the last century,” Obama stressed in an [...]
Chile and Japan agree more cooperation on energy and disaster prevention
The presidents of Chile, Sebastián Piñera, and Japan, Yoshihiko Noda, Tokyo agreed today to strengthen cooperation in renewable energy and disaster prevention, in a match that ended the political agenda of Chilean President their Asian tour. At a summit held at the home of Koizumi, he conveyed to Piñera Japan available to provide assistance to [...]
Soria said that finding oil in the Canary Islands would be the best energy news in 50 years
Minister of Industry, Energy and Tourism, José Manuel Soria, said today that if confirmed estimates of oil reserves in the waters of the Canary Islands would be the best energy news the past 50 years, both for the economy of the islands to the of Spain. Speaking at the House of Congress and in response [...]
Southeast Asia is moving towards nuclear energy despite Fukushima
The major economies of Southeast Asia, a region prone to earthquakes, continue the race to nuclear energy despite the fear caused by the disaster in central Fukushima Japan for over a year. The leaders of Thailand, Indonesia and Vietnam, among other prominent representatives of the countries of Southeast Asia, are in Seoul to participate today [...]
U.S. working with South Korea to reduce the purchase of Iranian oil
Secretary of State Hillary Clinton acknowledged today that pressure on countries like South Korea to increase its sanctions and reduce its dependence on Iranian oil are difficult, but added that progress has been made. At a meeting in Washington today with South Korean Foreign Minister Kim Sung-hwan, Secretary of State acknowledged “the hard choices and [...]
Bill Clinton announces new projects to supply solar power in Haiti
Former President Bill Clinton today announced four new commitments to supply solar power in Haiti through its Foundation members, after a three-day trip to the country to verify the work of installation of photovoltaic panels that are already underway. “These projects demonstrate the power of solar energy to transform the lives of thousands of Haitians, [...]
