The Libyan government has threatened to bomb a North Korean tanker if it does not leave an oil terminal in Sidra. Libyan rebels have bypassed the government and are allegedly trying to export oil to Pyongyan themselves.
The UAE, Saudi Arabia and Bahrain have withdrawn their ambassadors from Qatar because Doha has not implemented an agreement among Gulf Arab countries not to interfere with each others’ internal affairs. But Qatar has called the move ‘a big mistake’.
Oil has become a major issue in the upcoming referendum on Scottish independence. British prime minister David Cameron has traveled to northern Scotland to meet oil workers ahead of the vote which could see Scotland break away from the rest of Great Britain.
Pakistan is planning to generate 6,000 megawatts of electricity from coal based power plants by improving its decades-old methods of extraction. Limited investment, poor infrastructure and unsafe working conditions mean up to 70 percent of the country’s coal-rich areas remain untapped.
At least fifteen people have been killed and 130 injured after fire engulfed a packed hotel in Islam’s second holiest city, Medina. All those who died were from Egypt, and it is thought the blaze was started by an electrical short circuit. Rescue teams took more than two hours to put the out the fire.
Indian and Japan have agreed to fast-track negotiations for a possible deal on nuclear energy. A nuclear pact would open up the Indian market to Japan’s nuclear technology, raising concerns among India’s coastal communities.
Oil demand across the world will rise more quickly this year than previously forecast as economic growth in industrialized countries accelerates. This is according to the International Energy Agency, which claims the majority of leading economies are now largely out of recession.
This raw footage shows the moment a Saudi Arabian Airlines Boeing aircraft was forced to make an emergency landing at Madinah airport. Reports say 29 passengers were injured when the plane suffered a technical malfunction, stemming from a problem with the rear wheel.
The Syrian government has signed a deal with Russian company Soyuzneftegaz to search for offshore oil and gas in Syrian waters. Many pipelines have been destroyed during the conflict between the government and armed rebels.