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Bulgaria gives green light to oil, gas exploration in Black Sea
The Bulgarian government gave the green light yesterday to a public tender for a permit for deepwater oil and gas prospecting and exploration at Block 1-22 Teres in Black Sea.
read more... 11/10/2012
Iraq could overtake Russia as the world second largest oil exporter by 2030
Iraq has the potential to become the world’s second-largest oil exporter by 2030 and double its output by 2020, according to a study released by the International Energy Agency, overtaking even Russia in terms of exports.
read more... 10/10/2012
British oil and gas production is set to increase
UK energy minister Charles Hendry said that it is expected that UK’s decline in oil and gas production to be less marked this year. British oil and gas production may increase after the worst annual decline in output since the 1960.
read more... 05/09/2012
French fuel tax to be cut temporarily
The French Prime Minister announced on Wednesday that the government will take fiscal measures to lower the cost of fuels as it seeks a longer-term plan to curb prices after President Francois Hollande proposed a three-month freeze during elections in May.
read more... 23/08/2012
OPEC: World oil demand is likely to stabilize in 2012, downsizing risks for 2013
The Organization of Petroleum Exporting Countries (OPEC) has recently announced a slight boost to its global oil demand forecast for 2012 and 2013.
read more... 13/08/2012