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Argentine firm eyes Falklands oil dealBuenos Aires (UPI) Dec 24, 2009 The Argentine subsidiary of Spanish oil major Repsol is set to begin exploration for oil and gas in the Falkland Islands, business representatives said. Argentina is not the Falklands' preferred partner for expanding oil exploration and development projects because of lingering distrust after the 1982 Falklands conflict between Argentina and Britain. However, both the Falklands government and Britain have indicated they want the islands' oil and gas resources developed at a fast pace and are open to ideas for overseas investors. ... read more |
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Luanda (AFP) Dec 23, 2009A surge from Iraq's oilfields will occupy OPEC crude producers in coming years as the recovering country's output challenges that of Saudi Arabia, observers said as the cartel held its latest meeting. Iraq has signed several contracts this month with foreign oil companies and said it could raise production to 12 million barrels a day by 2016 -- a level to rival Saudi Arabia, the world's bigg ... more  
Washington (AFP) Dec 22, 2009US defense manufacturer Lockheed Martin is being awarded an 841.9 million dollar contract to produce 24 F-16 aircraft for Morocco, which ordered the jets in 2008, the Pentagon said Tuesday. Lockheed also won contracts to supply the Pentagon with "advanced counter measure system electronic warfare system, along with associated support equipment, alternate mission equipment and support element ... more  
Beijing (AFP) Dec 25, 2009China announced on Friday that the country's economy grew by 9.6 percent in 2008, up from a previously announced figure of nine percent. The latest national economic census found the economy was worth 31.4 trillion yuan in 2008, head of the National Bureau of Statistics (NBS) Ma Jiantang said at a briefing, or around 4.6 billion dollars based on the current exchange rate. That meant grow ... more |
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  China adopts law to boost renewable energy industry   China to impose tariffs on chemical imports: govt   Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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Seoul (AFP) Dec 25, 2009South Korea's weather service Friday issued a warning against airborne pollution known as "yellow dust", advising residents in western areas to avoid outdoor activities. "Yellow dust which originated in Mongolia reached South Korea, blanketing most of the western parts of the country," the National Meteorological Administration said in a statement. "As the effect of the dust storm can s ... more  
Sofia (AFP) Dec 23, 2009Bulgaria has finally passed its revised 2008-2012 carbon plan, Environment Minister Nona Karadzova said Wednesday. The government allocated carbon emissions permits to some 132 industrial installations, which they can now trade with other businesses. "The adoption of the plan is extremely important to the industry, which would now join the European trade in carbon emissions permits," Kar ... more  
Beijing (AFP) Dec 23, 2009The Geely group, which US auto giant Ford said Wednesday had agreed to terms for buying its Swedish brand Volvo, began as a refrigerator parts supplier but, in just two decades, has grown into one of China's largest private carmakers. The Zhejiang Geely Holding Group -- based in Hangzhou, in the eastern province of Zhejiang -- launched its auto manufacturing business only in 1997. Chairm ... more |
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 Mild winter weakens oil prices: think tank  Toyota to recall 43,000 cars in China Venezuelan discontent over power cuts |
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