WASHINGTON (Reuters) – Legislation introduced by a bipartisan group of U.S. senators on Wednesday would block Iran’s access to billions of dollars worth of foreign currency reserves in the latest congressional effort to slow development of the Islamic Republic’s disputed nuclear program.
Lawmakers in Washington say the government in Tehran taps the reserves held in banks around the world, mostly in euros, to get around U.S. and EU sanctions on oil sales that have damaged Iran’s economy.
WASHINGTON, April 30 (Reuters) – The oil minister of Saudi
Arabia, the world’s top crude oil exporter, welcomed the U.S.
energy renaissance on Tuesday but added that the boom in new
global output may hold the kingdom’s production at current
levels until the next decade.
“This is good news,” Ali al-Naimi said about the U.S. oil
and gas production boom at the Center for Strategic and
International Studies in Washington, in a speech billed as his
first on energy in the United States in four years.
WASHINGTON (Reuters) – Experts say Asia and Iran are the keys to maintaining a strong – but evolving – U.S.-Saudi Arabia energy relationship.
Saudi Oil Minister Ali al-Naimi is expected to share his optimistic view on the future of Asian oil demand on Tuesday when he gives a major energy speech, billed as the first in the United States in four years.
WASHINGTON, April 22 (Reuters) – The U.S. environment
regulator on Monday said the State Department must take a harder
look at climate and other impacts of the Canada-to-Texas
Keystone XL oil sands pipeline before the Obama administration
issues a final decision on the project.
The Environmental Protection Agency rated the State
Department’s 2,000-page March 1 draft review of the TransCanada
Corp pipeline project as “insufficient,” in a letter to
department officials as a public comment period ended on Monday.
WASHINGTON (Reuters) – The United States on Thursday slapped financial penalties on an Iranian businessman, a Malaysian bank and a network of companies it accused of attempting to evade international sanctions on Iran’s nuclear program through money laundering.
The Treasury Department blacklisted Babak Zanjani and First Islamic Investment Bank for providing financial and other support to the National Iranian Oil Company.
WASHINGTON (Reuters) – The U.S. Treasury Department said on Thursday it has imposed sanctions on an Iranian businessman, a Malaysian bank and a network of companies it accused of attempting to evade international sanctions on Iran through money laundering.
The department blacklisted Babak Zanjani, the businessman, and First Islamic Investment Bank for providing financial and other support to the National Iranian Oil Company.
WASHINGTON (Reuters) – A pair of recent accidents that spilled Canadian crude oil in the United States is part of doing business in the energy industry and should not prevent the Keystone XL pipeline from moving forward, Alberta’s premier said on Tuesday.
“We have to be honest about the fact that if we do have energy development, there is the risk of really unfortunate incidents,” Alison Redford, whose province is home to Canada’s oil sands, said during a panel at the Brookings Institution.
WASHINGTON, April 8 (Reuters) – Environmental groups on
Monday asked the Obama administration to extend the approval
process of the Keystone XL pipeline, using last month’s spill of
heavy Canadian crude oil in Arkansas as their latest reason to
delay the project.
The Obama administration is deciding whether to approve the
Canada-to-Nebraska leg of TransCanada Corp’s proposed
pipeline, which would link Canada’s oil sands, the world’s third
richest crude oil deposit, to refineries in Texas.
WASHINGTON, April 3 (Reuters) – The Obama administration is
inching ahead with a plan that would allow wastewater from
fracking to be shipped on barges, fueling a debate whether it is
safer than other transportation modes or risks polluting
The Coast Guard last month quietly sent to the White House’s
Office of Management and Budget a proposal to allow the barging
of fracking wastewater. If the plan is pushed forward, it would
become a proposed rule open for public comment and could be
finalized sometime in the near future.
WASHINGTON (Reuters) – The Obama administration will propose on Friday long-awaited rules to slash smog-forming emissions from gasoline that have been linked to lung and heart ailments, health groups and an environmental regulator source said on Thursday.
The Environmental Protection Agency will propose the so-called Tier 3 rules that will require refiners to reduce the sulfur content of gasoline to 10 parts per million by 2017 from the current standard of 30 ppm, an agency source said on condition of anonymity.