According to The International Herald Tribune, Turkey and Iran will probably sign a natural gas deal during Iranian President Mahmoud Ahmadinejad’s expected visit to the Turkish capital, Ankara. As the report notes: “…Ahmad Noorani, in charge of economic affairs at the Iranian Embassy in Ankara, said the two countries agreed in May on the construction […]
Read more »From Stratfor, news that Brazilian state oil firm Petroleo Brasileiro (Petrobras) reportedly plans to start production at the Jubarte oil well in the Campos Basin on Aug. 12. While the well’s initial production is expected to be relatively small, the project marks a technological step forward for Petrobras. As the article notes: “…Though this production […]
Read more »As recently reported in The Wall Street Journal, China and India are facing off yet again in the race to secure energy resources to fuel their economic growth, this time in Russia’s Siberian oil fields. As the article notes: “…Sinopec, has joined the bidding for London-listed Imperial Energy Corp., which primarily produces oil in Russia, […]
Read more »Via Inhabitat, news that Camassive urban masterplan has been approved for Madinat al-Hareer, or City of Silk, in Subiya, Kuwait. With a budget of £66 billion ($132bn USD), the project is an ambitious endeavor that will provide a rail network between major Middle East cities and China. As the article notes: “…Kuwait, Damascus, Baghdad, and […]
Read more »As reported in The Wall Street Journal, Venezuelan President Hugo Chávez’s decision to take over a unit of Spanish giant Banco Santander SA carries a new set of risks, touching on local confidence in the banking system As the article notes: “…Banking affects Venezuelans more personally and immediately than oil, telecommunications and other strategic industries […]
Read more »As recently reported by The Wall Street Journal, the stock market in Pakistan continues to see year-long lows, dealing a sharp rebuke to a new government struggling to gain the confidence of foreign and domestic investors. As the article notes: “…Financial authorities recently unveiled a variety of measures intended to help steady both the economy […]
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