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Report: Iran detains Greek national for smuggled oil tankers

oil tanker, Iran, smugglers

TEHRAN, Iran (AP) — An Iranian state-run daily is reporting that authorities in Tehran have detained a Greek national they accuse of embezzling money from smuggled oil and selling three oil tankers for $100 million. The report on Thursday in the IRAN newspaper suggests the Greek national was involved in smuggling Iranian crude oil while economic sanctions were imposed over ...

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7 people detained in Georgia in gas pipeline plot

Tbilisi Georgia

TBILISI, Georgia (AP) — Georgia’s intelligence agency says it has detained seven people suspected of plotting an attack on a gas pipeline that carries Russian gas to Armenia. The State Security Service said in a statement on Monday that it detained five people on Saturday who were planning to bomb a section of the pipeline south of the capital, Tbilisi. ...

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Key Energy Services to pay $5M to settle bribes case

Pemex gas station sign. (Image: Matthew Rutledge via Flickr)

HOUSTON (AP) — A Houston energy company will pay $5 million to settle U.S. allegations of bribing a contract worker for Mexico’s state-owned oil company, Pemex. The Securities and Exchange Commission reached the agreement with Key Energy Services Inc. The case involve $229,000 in payments by subsidiary Key Mexico from 2010 through 2013. Key Energy, in the settlement, does not ...

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China city suspends search for nuclear fuel facility

China, nuclear energy

BEIJING (AP) — A city in eastern China city on Wednesday suspended preliminary work on site selection for a nuclear fuel reprocessing facility following days of protests by area residents that underscored a growing willingness by the public to oppose projects seen as threatening lives and property. A one sentence notice posted Wednesday on the website of the Lianyungang city ...

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Militants: Ex-president is sponsor of Nigeria oil attacks

nigerian oil militants, nigeria pipeline attack

WARRI, Nigeria (AP) — A splinter group of Nigerian oil militants accuses former President Goodluck Jonathan and other politicians in the oil-rich Niger Delta of sponsoring attacks on oil installations that have slashed the West African nation’s petroleum production. Jonathan denied the allegations Monday and, through a spokesman, said the militants want to kill him. On Sunday, the Reformed Niger ...

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OPEC oil ministers to meet informally in September

OPEC

VIENNA (AP) — OPEC has announced that oil ministers of the 14-nation organization will meet in September, well ahead of their previously scheduled November meeting. Monday’s announcement notes that the meeting will be “informal.” Still, it is unusual for the Organization of the Petroleum Exporting Countries to come together at the ministerial level outside of their regularly set gatherings. OPEC ...

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Kuwait raises gasoline prices, following Gulf neighbors

Kuwait skyline. (Image: Khaleel Haidar via Flickr)

KUWAIT CITY (AP) — Kuwait will raise its subsidized gasoline prices by as much as 83 percent beginning in September, becoming the last Gulf nation to do so as low global oil prices continue to gnaw away at governments across the region. Kuwait’s Cabinet announced the decision on Monday, with the biggest price hike coming for its premium-grade gasoline. As ...

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