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Gas exporters form new organization not a cartel
After months of negotiations, main gas producing countries agreed to form an Organisation to protect their common energy interests. The initiative has been criticised by those fearing the formation of a... Leaderless Venezuelan Opposition damns Chavez vote bid
The following BBC article attempts to portray recent political events in Venezuela. Adopting the view of local opposition, it reports on the reaction to prospects of extending Chavez´s tenure in... Venezuela, Russia end VenRus 2008 naval exercises
In the first ever military presence in the region after the end of the Cold War, Russia participated with Venezuela in a joint naval exercise called VenRus 2008. This military cooperation heralds the beginning of... Ahmadinejad addresses nation on economy
President Mahmoud Ahmadinejad defended his reform plan to boost the Iranian economy. However, plans to introduce VAT and replace subsidies with cash payments to individuals have not been hailed at the...Venezuela: Chavez urges quick action to end term limits (Updated)
" UPDATES: Venezuelan President Hugo Chavez says he expects a referendum in February on a constitutional amendment which would let him seek indefinite re-election. Mr Chavez, who announced his intention to run... Fidel Castro urges Lat Am to tag Venezuela
Speaking from Havana, Fidel Castro urged other Latin American countries to follow the Venezuelan lead - under Hugo Chavez- in order to prosper. Castro "praised Venezuela for having 'absolute transparency' in... Kuwaiti govt resigns but elections in two months
The Kuwaiti cabinet "handed in its resignation on Tuesday to prevent the questioning in parliament of Sheikh Nasser Mohammed, the prime minister, concerning corruption allegations" In addition, the unauthorised... Venezuela calls for OPEC output cuts
Joining Lybian previous calls, Venezuela has also suggested a OPEC output cuts for stabilising world prices. This reduction -of an estimate one million barrels a day- would be proposed during the next OPEC... Opec 'lost $700bn on cheaper oil' cartel's president Chakib Khelil
OPEC president is worried that the CRUDE prices are still not US $ 147, it is a notional loss and it seems that OPEC wanted to make extraordinary profits for every. The cartel is also worried that due to recession their profits will still be reduced substantially and maybe... Iran: Mahsouli appointed Home Minister with small majority
After negotiations, Iranian President Ahmadinejad managed to gain a small majority to have his ally Sadeq Mahsouli appointed as Home Minister. "Out of 273 deputies who received ballots to take part in the... Chavez: Russia to build N-reactor in Venezuela
As the expectation of a Russian State visit of Dmitry Medvedev to Caracas increased, Venezuelan President Hugo Chavez stated Moscow would help his country build its first nuclear reactor. Venezuela and Russian...Ecuador to miss $30.6 million foreign debt payment
"QUITO, Ecuador (AP) - Ecuador will delay a $30.6 million interest payment on its foreign debt while it investigates signs of lawbreaking in the contracts, the finance minister said Friday, prompting a quick... Chavez: G20 summit a waste of time
"Sat, 15 Nov 2008 00:40:35 GMT Hugo Chavez says that G-20 summit in Washington is a waste of time, because it excluded the poor and is hosted by the... Growth in oil stumbles- Oman Crude- $46.98 barrel!
"On the Dubai Mercantile Exchange, Oman crude oil closed at US$46.98 a barrel yesterday, the first time it has settled below $50 since it started trading on the exchange last year. On the New York Mercantile...Iran urges OPEC to be more active
" Wed, 12 Nov 2008 07:11:23 GMT Iran has said OPEC needs to be more active in order to calm oil markets as the recent output cut was only enough to stop further price falls. "The decision by OPEC prevented a...Top Members Today
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