IRJ – January 12 – Efforts made by the U.S. to further planned sanctions on Iranian oil received a vital boost, Thursday, when Japan vowed to take steps towards cutting crude imports from the country. Japanese Finance Minister Jun Azumi, speaking after a meeting with U.S. Treasury Secretary Timothy Geithner in Japan, affirmed that the nation will “take action ...
IRJ – January 11 – Namibia’s powers-that-be granted state-owned China Guangdong Nuclear Power Holding Company (CGNPC) subsidiary Taurus Minerals the rights to take over an Australian mining group which holds exploration rights over the world's fourth-largest uranium deposit, Wednesday. Extract Resources ("Extract"), owner of the Husab uranium deposit in west-central Namibia through its wholly-owned local subsidiary Swakop Uranium, sees ...
IRJ – January 11 – Seven individuals were detained under bribery allegations surrounding the granting of shale gas exploration licenses in Poland, Tuesday, according to Polish security agency ABW. The detainees, ABW states, include three Environment Ministry officials, one employee of the Polish Geological Institute and three businessmen who each represent companies holding shale gas exploration licenses. According ...
IRJ – January 10 – Ministers of the European Union (EU) are scheduled to stage talks about implementing an oil embargo on Iran on January 23, reports state Tuesday. The meeting, originally planned to take place on January 30, has been brought forward to avoid a clash with another EU leader summit scheduled to take place that day, official ...
IRJ – January 10 – Perth-headquartered copper and gold explorer/producer Exco Resources Ltd. (ASX: EXS) (“Exco”) and joint venture partner, mine developer/producer Polymetals Mining Ltd. (ASX: PLY) (“Polymetals”), announced plans to develop the Vertigo Gold Project in Drew Hill, South Australia, Tuesday. Announcements from the companies—who also partner on the White Dam Gold Production Joint Venture west of Broken ...
IRJ – January 10 – Turkish oil group Genel Energy Plc announced that it will lift production at the Tawke field in Kurdistan from current output at around 60,000 barrels per day (bpd) to around 100,000 bpd during 2012, Tuesday. Genel’s confidence in the production increase is backed by an independent report which reveals that Tawke houses 78 per ...
IRJ – January 9 – Venezuelan President Hugo Chavez will host Iran’s President Mahmud Ahmadineyad during a five-day South American state visit which starts today and has been dubbed by U.S. sources as a desperate move by Iran to rally allies as tensions with the West mount. The visit began as Iran state radio announced that a former U.S. Marine ...
IRJ – January 9 – Dubai announced a 12 billion dirham (Dh) (US$3.27 billion) solar energy park, Monday, planned to provide a capacity of up to 1,000 megawatts upon completion. The 48 square kilometre Shaikh Mohammed bin Rashid Al Maktoum Solar Park—named after His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...
IRJ – January 9 – A new oil pipeline cutting out key Iranian export channel the Strait of Hormuz is on track to be complete and ready to export crude from east coast terminals come “May or June,” energy minister Mohammad bin Dhaen al-Hameli of the United Arab Emirates stated Monday. Once finished, the 360-kilometre Habshan-Fujairah pipeline known as ...
IRJ – January 9 – Norwegian oil group Statoil ASA has announced a second "substantial" find at its acreage in the Barents Sea less than one year after announcing a first discovery and states hopes for more to come, Monday. The newly discovered Havis find may house between 200 million and 300 million barrels of oil equivalent (boe). It ...
IRJ – January 6 – Shareholders in mining multinational Anglo American (“Anglo”) have backed US$5.1 billion acquisition plans to purchase 40 per cent of diamond giant De Beers, Friday. Voting on the proposed deal—originally made public in November 2011—took place at a London-held shareholder meeting today. The verdict returned 99.94 per cent backing for the purchase; a pivotal move ...
IRJ – January 6 – China is planning for an all-out cabinet clean-up in 2013, and latest reports state that this may include a “super ministry” dedicated to energy matters in place of current regulator the National Energy Administration (NEA), Friday. Energy matters are currently handled by a litany of different government groups, says the source revealing this latest ...
