China interested in IPI, India can rejoin: Iranian envoySeptember 15th, 2009 NEW DELHI - With India going slow on the tri-nation gas pipeline, Iranian ambassador to India Seyed Mehdi Nabizadeh Tuesday said China is interested in the proposed multi-billion project but left the door open for New Delhi to rejoin the peace pipeline. The Iranian envoy, however, remained quiet on whether Iran is holding talks with China over the tri-nation pipeline involving Iran, India and Pakistan.
Honda Siel to export engine parts to JapanSeptember 8th, 2009 NEW DELHI - Car manufacturer Honda Siel Tuesday said it would export engine components to Japan from October. "This export programme is due to a shortage of Japanese supply, Honda Siel president and chief executive Masahiro Takedagawa told reporters on the sidelines of a conference.
Atlas Pipeline announces Eric Kalamaras as new CFOSeptember 3rd, 2009 Atlas Pipeline fills key postPHILADELPHIA — Atlas Pipeline Partners LP said Thursday that Eric Kalamaras will fill two key positions for the company. Kalamaras was appointed as chief financial officer for both Atlas Pipeline Partners GP LLC, the company's general partner, and Atlas Pipeline Holdings GP LLC, which is the general partner of Atlas Pipeline Holdings LP.
News Corp boosts stake in German pay TV company Sky Deutschland to nearly 40 percentAugust 5th, 2009 News Corp boosts stake in Sky DeutschlandNEW YORK — News Corp., the media conglomerate controlled by Rupert Murdoch, has boosted its stake in German pay TV company Sky Deutschland AG to 39.96 percent. Sky Deutschland was formerly known as Premiere AG.
A by-the-numbers look at Europe's planned Nabucco gas pipeline projectJuly 13th, 2009 Nabucco gas pipeline at a glanceHere are basic facts about the Nabucco gas pipeline agreed Monday among Turkey, Bulgaria, Romania, Hungary, and Austria. —WHERE: Across the five signatory countries — from Ankara, Turkey, to Baumgarten, Austria — carrying gas from Central Asia to Western Europe.
Nigeria militants claim to destroy recently repaired pipeline that leads to export terminalJuly 10th, 2009 Nigeria militants claim to destroy pipelineABUJA, Nigeria — Nigeria's main militant group says its has destroyed a recently repaired Chevron oil pipeline. The Movement for the Emancipation of the Niger Delta said in an e-mail statement late Friday that it destroyed the pipeline that leads to Chevron's export terminal.
GAIL to invest Rs.7,500 crore to build two pipelinesJune 26th, 2009 NEW DELHI - State-run gas major GAIL India will invest Rs.7,500 crore ($1.5 billion) to develop two major pipelines in southern India, the company said Friday. Of this investment, Rs.4,500 crore would be spent on the 1,389-km Dabhol-Bangalore pipeline, which would have a capacity of 16 million standard cubic metres a day (mmscmd), a company statement said.
TransCanada issues $1.41 billion worth of common shares to help fund pipeline acquisitionJune 16th, 2009 TransCanada issues $1.41 billion common sharesNEW YORK — TransCanada Corp. says it will issue common shares worth 1.6 billion Canadian dollars ($1.41 billion) to help fund its acquisition of an oil pipeline.
Pakistan to be supplied with 8 billion cubic metres of Iranian gas annuallyMay 29th, 2009 NICOSIA - Iran and Pakistan on Thursday signed in Tehran a deal for the supply of eight billion cubic meters of natural gas annually under an agreed price formula which has not been disclosed. Representatives of the two countries also signed an initial agreement for the construction of the Iran-Pakistan-India (IPI) gas pipeline, which is expected to cost more than 7.5 billion dollars and has been dubbed "The Peace Pipeline."
It is expected that gas deliveries will start in three to four years.
China continues energy shopping spree with joint purchase of Kazakh oil producerApril 24th, 2009 China buys half interest in Kazakh energy companyALMATY, Kazakhstan — The rivalry between Russia and the West for Central Asia's energy resources has generated headlines. But it's Chinese companies that have been snapping up assets in the region.
US diplomat urges energy-rich Central Asia to diversify its export routesApril 24th, 2009 US urges Central Asia to boost gas export routesASHGABAT, Turkmenistan — A recent crippling gas pipeline blast in Turkmenistan, which the government blamed on Russia's gas monopoly Gazprom, is proof that energy-rich Central Asian nations need to diversify their export routes, a senior U.S. diplomat said Friday.
Iran says it will get Iraqi crude via new pipelineApril 23rd, 2009 Iran says pipeline agreement reached with IraqTEHRAN, Iran — Iran's official news agency says Tehran has reached an agreement with Iraq to build a pipeline that will feed Iraqi crude to an Iranian refinery. The agreement marks another step in strengthening relations between two majority Shiite countries that fought a deadly eight-year war in the 1980s.
Polymer export target cut down to $4.1 bnJanuary 26th, 2009 KOLKATA - With a drop in India's polymer exports due to the ongoing global slowdown, the industry has now reduced the target for 2008-09 from $4.3 billion to $4.1 billion. 'We are now projecting an export figure of $4.1 billion for this year,' PlastIndia Foundation president Arvind M.
ONGC may get 40 percent stake in Kazakh blockJanuary 11th, 2009 NEW DELHI - India's ONGC Videsh may buy a stake of up to 40 percent in an oil block in Kazakhstan, an oil ministry official said Monday. ONGC Videsh, the overseas arm of state-run explorer Oil and Natural Gas Corp., may get a share of 30-40 percent in the Satpayev block in the oil and mineral resources rich Central Asian country, the official official said.
ONGC chairman defends acquisition of Imperial EnergyJanuary 2nd, 2009 NEW DELHI - Defending the acquisition of Imperial Energy, the state-run oil producer Oil and Natural Gas Corp (ONGC) has said the British energy major's potential was 'very good'. ONGC recently managed to get approval from 97 percent of the shareholders of Imperial Energy for its offer for acquisition at $1.89 billion (or 12.50 pounds per share).
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