The controversial move means that customers will now only be able dip their bread or garnish their food using oil from non-refillable and labelled bottles.
bertb news feed
Envisioning cars that can go ‘coast to coast without using a drop of oil,’ President Barack Obama on Friday urged Congress to authorize spending billion over the next decade to expand research into electric cars and biofuels to wean automobiles off gasoline.
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Dimitris Cambis, president of Impire Shipping Ltd., will have his assets in the U.S. blocked, the Treasury said in a statement today. Cambis used Impire Shipping and other front companies to buy eight tankers capable of carrying 0 million-worth of oil per shipment and use them to load Iranian crude from the country’s own ships, the department said.
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Facing embargoes from the U.S. and the EU, Iran allows Russian oil companies into its market.
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Tanzania has told Malawi that it can go ahead with the exploration of oil and gas on Lake Malawi as long as it is within its borders on the north eastern part of the lake.
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The Kurds, who suffered terribly under Saddam Hussein, are determined to maintain their autonomy from Baghdad, not least by developing their own oil resources. The federal government insists that it alone has the authority to grant access to Iraq’s natural resources. But the Kurds are attracting some of the world’s top oil companies.
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This is a big deal. Most of the oil Iran isn’t able to sell is stored on oil tankers. China recently delivered the first of 12 new oil tankers to Iran. Uninsured they are floating time bombs waiting to blow up.
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Providence Resources Plc, an Irish and UK listed company, has confirmed that its Barryroe site 30 miles off the Cork coast, should yield 280m barrels of oil.
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Of the 10 biggest customers of Iranian oil, according to U.S. Energy Information Administration data for the first half of 2011, China is the only country that has yet to be granted a waiver by the Obama administration, ahead of new sanctions due to enter into force within days.
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Japan’s lower house of parliament has endorsed a bill which authorizes the Japanese government to insure shipments of Iranian crude oil imports, in an attempt to counter US-led EU insurance bans against Iran
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