AFP Staff

Asian countries subsidizing fuel hit hard by higher oil prices

KUALA LUMPUR : Higher oil prices are creating major problems for Asian countries which subsidize fuel costs, threatening economic growth if the subsidies are kept in place and consumer outrage if they are not.

May 8, 2005

Society

Kill me and oil stops: Chavez

Venezuelan President Hugo Chavez has threatened to suspend oil exports to the US if someone tries to assassinate him, saying US President George W. Bush would be to blame.

February 20, 2005

Chinese VP in Caracas to sign deals

Venezuela has hailed the visit of Chinese Vice President Zeng Qinghong as a productive trip that will yield several multi-billion trade deals, mainly in the oil and gas sectors.

January 30, 2005

Japan vows to protect gas field from China

Japan says it will protect its offshore energy resources after its navy spotted two Chinese destroyers near a disputed gas field in the East China Sea.

January 29, 2005

War and cold have depleted Armenia’s only natural resource: trees

Its isolation and lack of hydrocarbon reserves has lead to some innovative ideas about alternative energy sources, in contrast to its two Caucasus neighbors, Georgia and Azerbaijan, whose policies have been dominated by a geopolitical tug-of-war for pipelines, electricity cables and global alliances.

December 21, 2004

China’s crude oil output to peak at 200 million tonnes in 2015

China’s crude oil output will peak at 200 million tonnes annually in a decade, but even that will be far from enough to cover the country’s voracious energy needs, state media said.

November 6, 2004

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