Posts Tagged ‘Oil’

Sudan oil-war spiral could split world powers

Thursday, April 19, 2012 Comments off

Laaska News Apr.19, 2012
Bashir says fighting the only way to resolve differences with South Sudan 

Over 2,300 Mujahideen pledge allegiance to President al-Bashir to defend Sudan 

A SPLA (South Sudan People’s Liberation Army) soldier sits next to a machine gun on a vehicle outside a SAF compound in Heglig, on April 17, 2012 (AFP Photo / Adriane O’Hanesian) – RT

Sudan’s president has threatened to topple the government to his south to “liberate” the South Sudanese. As a bloody battle over a disputed oil field heads towards full-scale war, it threatens to provoke conflict between the US and Russia-China. Read more…

Turkey stays loyal to Tehran, does not plan to cut oil imports

Thursday, February 16, 2012 Comments off

Laaska News  Feb. 16, 2012

Turkey has no plans to consider alternative oil suppliers, and will continue to import fuel from Iran. Ankara officials disapprove of the EU and US embargo against Tehran, which they see as ‘Western economic bullying.’ Read more…

IMF:Iran sanctions could lead to 30% hike in crude

Thursday, January 26, 2012 Comments off

The International Monetary Fund says global crude oil prices could jump 30 percent as a result of US and European sanctions against Iran.

In a report released on Wednesday, the IMF said a halt of Iran’s oil Read more…

Africa Oil spuds oil well in Kenya

Thursday, January 26, 2012 Comments off

Laaska News Jan 26, 2012

NAIROBI, Jan. 25 (Xinhua) — Canadian oil and gas exploration firm, Africa Oil said on Wednesday that it has started spudding the Ngamia-1 exploratory well on Block 10BB in Kenya.

The company said in a statement issued in Nairobi the Ngamia-1 well which is located in the Lokichar basin, a north-south trending rift basin that is part of the East African Rift System marks the start of a multiwell program on Block 10BB and adjacent blocks in the east African nation. Read more…

EU split over Iran oil embargo

Friday, January 6, 2012 Comments off

Photo: EPA   

At a ministerial meeting of the European Union on January 30th, the UK, Germany and France will be pressing for a total lockout of oil supplies from Iran within three months. Read more…

US navy crosses Strait of Hormuz after Iranian oil threats

Thursday, December 29, 2011 Comments off

Laaska news Dec. 29, 2011

Two new Iranian Ghadir-class submarines (AFP Photo / Vahid Rezz Alaei)
An Iranian warplane has spotted a US aircraft carrier during Tehran’s ongoing navy drill in the Persian Gulf, reports IRNA news agency. The US fleet’s maneuvers come after Iran threatened to block the oil flow through the Strait of Hormuz. Read more…

US criticizes Iran on Homuz statement

Thursday, December 29, 2011 Comments off

Laaska news  Dec. 29, 2011

The United States has criticized Iran’s warnings to block the Strait of Hormuz, calling it a direct threat.

State Department spokesperson Mark Toner said Tehran is trying to distract international attention away from the real issue of its continuing non-compliance on international nuclear obligations. Read more…

Iran threatens to block Strait of Hormuz

Thursday, December 29, 2011 Comments off

Laaska news  Dec. 29, 2011

Photo: EPA

Iran has threatened to block the Strait of Hormuz oil route in the event the West bans the former’s oil exports. Read more…

Iran threatens to close Hormuz Strait

Wednesday, December 28, 2011 Comments off

Laaska news Dec. 28, 2011
Iran threatens to close the Strait of Hormuz in the event its oil exports fall under international sanctions. IRNA news agency quoted Vice President Mohamed Reza Rahimi as saying on Tuesday that Tehran was prepared to respond in kind to any hostile actions against it. Read more…

UK censured over evil plans for Somalia

Tuesday, December 27, 2011 Comments off

Laaska news  Dec. 27, 2011

The British government has come under severe criticism from the country’s anti-war campaign groups expressing concerns over the hypocritical decisions made within the British establishment. Read more…