English
China’s CNPC seals $3bn Iraq deal
China’s state-owned oil firm CNPC has agreed a $3bn (£1.63bn) oil services contract with the government of Iraq. The two parties renegotiated a 1997 deal to pump oil from the Ahdab oilfield, the Iraqi oil minister said. Under the new deal, output from the oilfield will be 110,000 barrels per day, up from the 90,000 barrels forecast in the original deal. The deal is the first major oil contract with a foreign firm since the US-led war in Iraq, reports say. As security improves, Iraq - which has some of the biggest oil reserves in the Middle East - is trying to bring in foreign oil companies to boost crude output. It needs billions of dollars of investment after years of war and sanctions. Other foreign oil companies, such as Royal Dutch Shell and Exxon Mobil, are also negotiating |
|
Hollywood heavyweights Robert De Niro and Al Pacino reunited on the red carpet in New York Wednesday night for the premiere of their new crime thriller “Righteous Kill” — their first film together since making 1995’s “Heat.”
The movie also stars
The Pakistani Army has been given orders to retaliate against any unilateral strike by the Afghanistan-based US troops inside the country.
Army Spokesman Maj Gen Athar Abbas confirmed the orders in a brief interview with Geo News on late Thursday night.
The
Russian President Dmitry Medvedev says he will not accept military action or new sanctions against Iran over its nuclear activities.
“We should not take any unilateral steps. It is not acceptable to opt for a military scenario. It would be dangerous,”
As the world marks the seventh anniversary of 9/11, some European experts say security improvements in the US have been undercut by fairly basic mistakes. Among the remedies is more trust in America’s laws and allies.
Seven years after the attacks
David Miliband has allegedly come in for a rather undiplomatic tongue-lashing from his Russian counterpart.
The Foreign Secretary was apparently given a furious dressing down by Sergei Lavrov over the telephone.
Mr Miliband’s criticism of Russia’s recent incursion into Georgia is believed
PIETERMARITZBURG, South Africa - A South African judge ruled Friday that prosecutors were wrong to charge ANC President Jacob Zuma with corruption, effectively clearing way for the 66-year-old former freedom fighter to become the country’s next president.
Judge Chris Nicholson’s ruling
Thailand’s political turmoil deepened Friday when the ruling coalition failed to turn up to parliament to reelect leader Samak Sundaravej as prime minister.
Lawmakers from the six-party coalition did not attend an emergency session of parliament called to choose a prime minister, three days after a court stripped Samak of power for accepting payments for hosting
Feeds