Police Quiz Total CEO in Corruption Probe

March 21, 2007By Andy RowellBlog Post

The head of France’s biggest listed company, oil group Total SA , is being questioned by police in a probe into alleged corruption in Iran, reports Reuters. Christophe de Margerie, who only moved up to the chief executive’s post at Total last month, has been under investigation for several months by French judges probing corruption … Read More

Congressional Committee to Examine Iranian Gas Deal

January 3, 2007By Andy RowellBlog Post

A US congressional committee is to look at a gasfield development deal between the China National Offshore Oil Corp (CNOOC) and Iran to determine if US sanctions are called for against the Chinese company, Congressman Tom Lantos has said. Iran and CNOOC signed a preliminary 16 billion US deal to develop a giant natural gas … Read More

PetroChina to Buy Iranian LNG

December 21, 2006By Andy RowellBlog Post

PetroChina, the country’s largest oil company, has signed a 25-year agreement to buy three million tons of liquefied natural gas a year from Iran to supply terminals it plans to build on China‘s northern coast. Gas deliveries will start in 2011. The company is expanding gas production and sales as demand for cleaner-burning fuels increases … Read More

Bush: Actually, it IS about oil

November 5, 2006By Steve KretzmannBlog Post 1 Comment

While talking to Rush Limbaugh last week, and in his last minute campaign barnstorming for Republican candidates, George Bush confirmed his fear of Islamic extremists who “control oil resources” – and then immediately talked about “a country that doesn’t like us with a nuclear weapon”. You think maybe he’s thinking about Iran? “Give me a … Read More