Michele Kearney's Nuclear Wire: Business and Economy

Showing posts with label Business and Economy. Show all posts

Friday, October 29, 2010

India Deal Puts China in GE's League

China is breaking into the top ranks of global power-equipment exporters with a $10 billion deal signed with India on Thursday.
By nabbing the deal with India, which is on an infrastructure spending spree, China poses a new competitive threat to established suppliers of technology such as General Electric Co., Siemens AG and Alstom SA.
China's new position is also evidence of a growing trend of emerging markets doing business among themselves, after years of focusing on trade with partners in developed nations. More at:

http://online.wsj.com/article/SB10001424052702304173704575579261842597870.html?KEYWORDS=%22power+plant%22+OR+%22megawatt%22

Tuesday, October 19, 2010

After Oil Deals, Iraq Turns Its Attention to Natural Gas Matt Stone

On Oct. 20, Iraq will embark on the next phase of development of its hydrocarbon sector by auctioning rights to three natural gas fields to private investors. For Baghdad, the success of this bid round, the third in the last two years, will go some way toward determining its ability to address Iraqi citizens' concerns over power shortages. For outsiders, including many in European capitals and Washington, the comprehensive development of the Iraqi gas sector offers hope that in the medium term, Iraqi gas could begin to compete directly with Russian gas in the European market.

Monday, October 18, 2010

Russian LNG - The Future Geopolitical Battleground

The global natural gas industry is undergoing a historical shift away from overland pipeline deliveries of gas and gradually towards Liquefied Natural Gas (LNG), shipped by seaborne tankers designed to supply distant markets which cannot otherwise be supplied by traditional pipelines.

This is a premium report. To order, go to:

http://www.jamestown.org/programs/books/single/?tx_ttnews[tt_news]=35189&tx_ttnews[backPid]=16&cHash=e6f4c09924

Wednesday, October 13, 2010

Iraq Oil Is 'Game Changer' By: Guy Chazan | The Wall Street Journal

The revival in Iraqi oil production will be a "game-changer" for global oil supplies and a challenge for other big oil producers like Saudi Arabia, the International Energy Agency said Tuesday.http://online.wsj.com/article/SB10001424052748704164004575548272964363414.html?mod=WSJ_World_LEFTSecondNews

Monday, October 11, 2010

US ‘Angry’ at Pakistan’s Nuke Expansion Moves

Pakistan Rushing to Increase Supply of Weapons-Grade Fissile Material

by Jason Ditz

Thursday, October 7, 2010

South Korea Plans to Lend $10 Billion for U.A.E. Nuclear Plants

U.A.E. nuclear project may get $10B loan from South Korea
Korea Electric Power may secure a $10 billion loan from Export-Import Bank of Korea for the construction of four 1,400-megawatt nuclear facilities in the United Arab Emirates, said Heung-Sik Min, the bank's main representative in Dubai. "The U.A.E. nuclear project will be the bank's first for such a huge amount," he said during an interview. Bloomberg

Tuesday, October 5, 2010

Saudi Arabia Holds Talks With Companies on Building Nuclear Energy City

Saudi Arabia seeks foreign expertise in nuclear, renewable project
Saudi Arabia has spoken with North American, European and Asian companies in its plan to develop a nuclear and green-energy city, said Khalid al-Sulaiman, vice president for renewable energy. "We have engaged the expertise and thinking of 14 of the best architectural and design houses," he said in Jeddah, Saudi Arabia. Bloomberg (10/4) http://www.bloomberg.com/news/2010-10-04/saudi-arabia-holds-talks-with-companies-on-building-nuclear-energy-city.html

Sunday, September 19, 2010

Self-sufficient Iran has stopped importing petrol: minister

by Staff Writers Tehran (AFP) Sept 18, 2010 Oil Minister Masoud Mirkazemi said on Saturday that Iran had now stopped importing petrol, a commodity targeted by world powers in new sanctions against Tehran's controversial nuclear drive. "No purchase has been made of petrol since last month," Mirkazemi was quoted by Mehr news agency as saying.
It reported him as saying Iran's daily petrol production had reached 66.5 million litres per day, more than the national requirement of 64 million litres.
On September 7, Mirkazemi said that Iran had now reached "self-sufficiency" in petrol production, adding that previously it produced 44 million litres a day and imported 20 million litres in order to meet domestic need.
On Saturday, Mirkazemi said any new imports of petrol would help to boost the country's domestic reserves.
Iran recently launched an emergency plan aimed at achieving self-sufficiency in petrol production by the end of the current Iranian year to March 20, 2011.
Prior to that, Tehran said its target was to meet its own refined fuel needs by 2012.