Tupras Cuts Iranian Crude Imports 20%
Turkey's energy minister, Taner Yildiz, said Friday that the country continues to buy Iranian crude but that it has reduced imports to its main refiner Tupras (TUPRS.IS) by 20%.
A Geopolitical Challenge for China and India
Iran has commonly been labeled as a rogue state by Western powers with the country’s pursuit of nuclear power being deemed a threat to global society, and something that must be addressed immediately. While Tehran insists that the development of its nuclear capacity is only for peaceful purposes, the U.S. and its allies fear that Iran is developing nuclear weaponry.
Iran nuke talks continue in Moscow
Talks over Iran’s nuclear energy ambitions have resumed between Iran and the Group 5 +1, in Moscow, according to a source, after earlier reports suggested that they had ended, RIA Novosti reported.
Turkmenistan, Azerbaijan Trade Accusations Over Disputed Oil Field
Turkmenistan and Azerbaijan have traded accusations over a contested patch of oil field in the Caspian Sea.
Kyrgyz Parliament committee cancels decision on Russian-Kyrgyz oil products supplies
The Parliamentary Committee for International Affairs decided to cancel its decision as of February 27, 2012 to approve ratification of the agreement between Kyrgyzstan and Russia on cooperation in the sphere of oil and oil products supply, CA-NEWS reported.
China lifts Turkmen gas sales
Turkmenistan and China have signed a deal making good on Turkmenistan President Gurbanbuly Berdimuhamedow's earlier promise to increase his country's natural gas shipments to China to 65 billion cubic meters per year (bcm/y).
US could outproduce Russia, Saudi Arabia in oil and gas
The United States is seeing a dramatic surge in oil and gas production and could overtake the world's biggest producers, Russia and Saudi Arabia, in another decade, a US official said here Tuesday.
US offers fuel sop to wean India from Iran oil
The Barack Obama administration is likely to open North America's doors to India for its energy needs as it pushes New Delhi to reduce its energy dependence on "nuclear armed" Iran. This hydrocarbon sop for India - oil, cooking and shale gas - is scheduled to figure in the third round of Indo-US strategic dialogue in Washington on June 13.
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