Energy Sector

Pakistan warns water dispute with India may threaten peace talks

Pakistani President Asif Ali ZardariIslamabad - Pakistani President Asif Ali Zardari warned that any breach of a river water-sharing treaty by India will be detrimental to the peace process between the nuclear-armed neighbours, media reports said on Monday.

The statement came two days after Indian Prime Minister Manmohan Singh inaugurated the controversial 450-megawatt Baglihar hydroelectric project over the Chenab River that flows from Indian-administered Kashmir into Pakistan.

OPEC to meet in November as crude price stays below 80 dollars

Organization of the Petroleum Exporting CountriesVienna - The Organization of the Petroleum Exporting Countries (OPEC) scheduled a special meeting in November, as the cartel's crude price remained below 80 dollars for the second day in a row on Thursday.

One barrel (159 litres) of OPEC crude stood at 78.25 dollars Thursday, rising 0.87 dollars from 77.38 dollars on the previous day, according to figures released by the cartel on Friday.

Global forum in South Korea aims to accelerate green-energy use

Gyongju, South Korea - More than 1,000 experts, business leaders and scholars from 20 nations gathered Thursday in an eastern South Korean city to draw up strategies on how to accelerate the development of ecologically friendly energy sources.

The three-day World Global Energy Forum opened amid growing concerns about climate change and the threat it poses to people, especially those living at or near sea level.

India's RK Pachauri, chairman of the UN's Nobel Peace Prize-winning climate-change panel, warned that global warming would raise average sea levels.

Schott Solar cancels stock offering in Germany

Mainz, Germany - Schott Solar, a German manufacturer of solar modules, cancelled Wednesday plans for a public offering of its shares the next day.

Myanmar runs short of gas for Bangladesh

Myanmar runs short of gas for BangladeshDhaka - Military-ruled Myanmar on Wednesday informed Bangladesh that it did not have enough reserve of natural gas to offer Bangladesh to run fertilizer plants at present.

In response to Dhaka's proposal for gas import from Yangon, visiting Myanmar Energy Minister, Lun Thi, told his counterpart M Tamim that Bangladesh will have to compete with other regional players like Thailand and China if it wants gas import in future.

ONGC to implement its Uranium project soon

The Oil & Natural Gas Corporation (ONGC) celebrated its golden jubilee for ONGC to implement its Uranium project soonits very first breakthrough in the field of oil 50 years back in Lunej, Cambay Basin off the Gulf of Cambay, Gujarat. Alongside the event another proposed plan of the firm was disclosed as the company readies itself for exploration in Uranium.

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