In partnership with Japan, South Korea and Singapore, India must explore options for joint storage of oil reserves and setting up a financial reserve for borrowing and lending to tide over the volatility of oil prices, according to HS Puri, secretary (ER) in the Ministry of External Affairs (MEA).

Airport expansion: A German court rejected an emergency appeal to stop construction work on a new runway and terminal at Frankfurt Airport, close to Kelsterbach Forest. Environmentalists and 13 towns had sued the state of Hesse to halt the expansion project for reasons ranging from nighttime noise to threat to wildlife. The US $5.18 million (

china land reform Policy to double rural earnings China

Pune, September 24 In what could prove to be a path-breaking discovery for the Oil exploration and production business, scientists at Agharkar Research Institute (ARI), Pune have identified environment friendly bacteria that allows extraction of oil at temperatures more than 90 degrees Celsius.

the Bangladesh government is mulling over not giving out new gas connections as a measure to check the depleting supply in the country. The measure comes at a time when the demand of gas is increasing everyday in the country.

Andrew England & Carola Hoyos Saudi Arabia says it will increase production by around 200,000 barrels per day in July. Saudi Arabia's decision to pump more oil than it has in nearly 30 years risks being completely negated by the sharp drop in output caused by attacks on production facilities in Nigeria. Nigeria now pumps less than 1.5 million barrels a day, rather than the 2.5 million b/d it has the ability to produce, the lowest level in 25 years, according to officials attending Sunday's high-level meeting in Jeddah.

What are oil reserves?