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ENERGY TECH
Iraq seeks drones to protect oil facilities
by Staff Writers
Baghdad (AFP) May 21, 2012


Iraq is seeking to acquire surveillance drones to help protect its oil pipelines and platforms, which are key to the country's economy, Iraqi and US officials said.

An Iraqi oil ministry spokesman said authorities were in contact with Chinese and US firms to provide the drones, which he said may or may not be armed, but a US official said Baghdad had already agreed to buy American aircraft.

"There is collaboration with the interior ministry to update monitoring systems in contact with Chinese and American companies that specialise in this area, to provide the energy police with modern drones," ministry spokesman Assem Jihad said.

Jihad said the drones would be "equipped with high-tech monitoring equipment to protect platforms and pipelines."

"It has not been decided yet if the drones will be armed or not," he added.

An official from the US Office of Security Cooperation-Iraq (OSC-I) said, however, that "Iraq's navy has purchased US drones to protect the country's oil platforms in the south, from where most of Iraq's oil is shipped."

The official, who spoke on condition of anonymity, declined to provide further details on the purchase.

OSC-I is composed of about 157 US military personnel under embassy authority and some 600 contractors, who are assisting Iraq in fielding military equipment and in training.

Oil sales account for 95 percent of Iraq's government income, and the majority of the country's crude is exported via its platforms in the Gulf, while its pipelines are frequently targeted by saboteurs.

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Iran concerns lift oil prices in Asia
Singapore (AFP) May 22, 2012 - Oil prices rose in Asian trade Tuesday as concerns over Iran came to the fore on the eve of talks between Tehran and Western countries on its nuclear ambitions, analysts said.

New York's main contract, light sweet crude for delivery in June, advanced 14 cents to $92.71 a barrel on its last trading day, and Brent North Sea crude for July gained seven cents to $108.88.

Traders were buying crude ahead of Iran's meeting with diplomats of the so-called P5+1 in Baghdad where sanctions against Tehran will likely be discussed, said Nick Trevethan, senior commodities strategist for ANZ Research in Singapore.

"Iran is front and centre in the market right now," Trevethan told AFP.

The P5+1 group comprises the five permanent UN Security Council members Britain, China, France, Russia and the United States, plus Germany.

The meeting is the second between Iran and the group, with the first held on April 14 in Istanbul after a 15-month impasse.

Iran faces a raft of sanctions from the United Nations, the United States and the European Union over suspicions that its nuclear programme masks a push to develop atomic weapons.

However, Tehran insists that the programme is for peaceful uses, and has pressed Western nations to lift the sanctions.

Several major customers of Iranian crude including India, Japan and Turkey have said they would reduce imports on Iranian oil, while a European Union crude embargo on Tehran is due to be fully implemented from July 1.



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ENERGY TECH
ASEAN, US talk security amid China stand-off
Manila (AFP) May 20, 2012
The US and Southeast Asian nations embarked on three days of talks Sunday that would include security cooperation, shortly after a Pentagon report raised concerns about China's military build-up. The Philippines, hosts of the discussions and an Association of Southeast Asian Nations (ASEAN) member, is engaged in a month-long maritime stand-off with China over a disputed shoal in the South Ch ... read more


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