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Monthly Archives: October 2011
Libyan oil road riddled with treacheries
Gaddafi’s death has ended a decade of violence but has left Libya with a handicapped economy. It is one of the richest source of oil in Africa, but Gaddafi’s reign of corruption and civil war did little to benefit Libya. … Continue reading
Posted in News
Tagged Civil war in Libya, Death of Gaddafi, Gaddafi, Libya, Libyan oil crisis, Libyan war, Oil economy, Oil Industry
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Time’s Ticking Away for Rena Oil Container Ship
The operating to salvage Rena oil ship has been halted as Maritime New Zealand (MNZ) workers are repeatedly hit with problems resulting from bad weather. Stranded dangerously on the Astrolabe Reef, Rena continues to discharge more oil into the sea … Continue reading
Posted in News
Tagged Astrolabe Reef, Maritime New Zealand, MNZ, New Zealand, oil spill, Rena
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Saudi Arabia denies excess supply of oil
The oil minister of Saudi Arabia, ‘Ali Al- Naimi ‘ denied excess production of oil and stated that they have only been trying to match the demand for oil in the market. Saudi Arabia is one of the biggest producers … Continue reading
Posted in News
Tagged Ali Al- Naimi, Libya, Libyan oil, Oil, oil demand, Oil production, oil supply, OPEC, Saudi Arabia
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