. Earth Science News .
ENERGY TECH
Iran To Build Oil Refinery In Venezuela

File photo: An Oil refinery at night.
by John C.K. Daly
UPI International Correspondent
 Washington (UPI) Jun 06, 2006
 Iran and Venezuela, both at political loggerheads with the Bush administration, are deepening their economic ties. Iran will build an oil refinery in Faga, in Venezuela's oil-rich Orinoco province. IRNA news agency reported on June 1 that the refinery will refine heavy oil into gasoline and other oil derivatives.

Energy Minister and head of Petroleos de Venezuela Rafael Ramirez said the agreement would benefit both countries, adding that after the refinery comes online Iran will import gasoline from Venezuela. Iranian Oil Minister Kazem Vaziri Hamaneh is in Caracas to attend the 140th extraordinary meeting of the Organization of Petroleum Exporting Countries, which opened June 1.

Ramirez said that geopolitical tensions are the primary reason oil prices are currently above $70 a barrel. OPEC has kept its production ceiling at 28 million barrels per day since July 2005. Ramirez stated that Venezuela plans to increase its production to 5.8 million bpd in 2012.

Source: United Press International

Related Links
 -

ENERGY TECH
UW-Madison Professor To Coordinate US Fusion Science Effort
 Madison WI (SPX) Jun 06, 2006
 A University of Wisconsin-Madison professor will be the liaison between United States plasma and fusion science researchers and a group that is building the U.S. share of ITER, an international fusion experiment that eventually could lead to an abundant, economical and environmentally benign energy source.






DISASTER MANAGEMENT
  • Sinking Levees
  • Future Hurricane Disasters May Become More Costly
  • Indonesia to make community grants for quake reconstruction
  • Tough start for Indonesia's quake babies

    • CLIMATE SCIENCE
  • Researcher Offers Insights On Development Of Arid Semiarid Landscapes
  • Global Greenhouse Cooked Up A Hot Stew Of Life
  • Climate change could fuel fiercer hurricane cycles: researchers
  • Climate change: Arctic went from greenhouse to icehouse

    • EARTH OBSERVATION
  • Free as a Bird Or Under Surveillance
  • Turkey Signs Up For Asia-Pacific Space Program
  • Ancient City Reveals Life In Desert 2,200 Years Ago
  • Commercial Remote Sensing Satellite Market Stabilizing

    • ENERGY TECH
  • Iran To Build Oil Refinery In Venezuela
  • UW-Madison Professor To Coordinate US Fusion Science Effort
  • Turning Corn Fiber Into Ethanol
  • China looks to harness wind power

    • EPIDEMICS
  • UN Reports AIDS Progress, But
  • Deaths Mount In Indonesia
  • Malaria, Potato Famine Pathogen Share Surprising Trait
  • Microbe Labs Proposed For California

    • FLORA AND FAUNA
  • How Does A Lowly Member Of The Bacterium World Sense Its Environment
  • Fourth Slovenian bear released in Pyrenees
  • Electric Fish May Be A Species Diverging
  • Hebrew University Researchers Uncover Eight Previously Unknown Species

    • FROTH AND BUBBLE
  • Decades Of Acid Rain Is Causing Loss Of Valuable Northeast Sugar Maples
  • Air pollution rife in India's villages: report
  • Pollution turning China's Yangtze river "cancerous"
  • 'Mercury Sponge' Technology Goes From Lab To Market

    • ABOUT US
  • Does Hepatitis B Affect Human Gender Ratios
  • Ancient Etruscans Unlikely Ancestors Of Modern Tuscans
  • MIT Poet Develops 'Seeing Machine'
  • Robotic Joystick Reveals How Brain Controls Movement

    • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement