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The Chinese IT spending is anticipated to reach US$ 216.7 Billion in 2010, representing significant growth opportunities for technology and service providers. According to Gartner, IT spending by enterprises and consumers in China is projected to reach the figure of US$ 216.7 Billion in 2010, exhibiting good opportunities for technology and service providers. This represents an increase of 5.9% from US$ 205 Billion in 2009, as reported by   ... Read more
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A New Biofuel Obligation For The Irish
15 May, 2007
The government of Ireland is expecting to raise its infiltration of biofuel market to 10 per cent by the year 2020. The government of Ireland expects to boost its biofuel market penetration to 10 percent by the year 2020. Contrary to Swedish situations, Ireland intents to only use biofuel at a ...Read more

Russian Oil Production Skyrockets
14 May, 2007
Fuelled by growing demand from China and India for oil exports from Russia, Russian oil and gas production reached new heights in the recent past. Interfax news carried a statement from the Fuel and Energy Sector Central Dispatch Service that in the initial four months of 2007, production of oil ...Read more

Iran Forges Ahead With Oil Production
13 May, 2007
Despite growing opposition by the US, Iran continues to increase its oil production levels considerably. However, major plans of the country to boost production are likely to be hampered by the need for foreign investment. In a statement Gholamhossein Nozari, managing director of the National ...Read more

Bolivia Gets Control Over Private Energy Firms
11 May, 2007
Bolivia & private energy firms operating in the country have signed contracts that will see the govt. getting larger share of profits of energy companies. Evo Morales, the Bolivian president, has signed law contracts giving the govt. control over overseas energy firms operating in the country, ...Read more

Brazil To Help Ghana in Producing Electricity
11 May, 2007
Brazil will setup a thermal power plant in Ghana to help the African country in addressing its energy woes. Unpredictability in Ghana's power supply is among the major hindrances to the economic growth of this African country. Seeing this, Brazil has put forward a helping hand to assist Ghana in ...Read more

Large Energy Consumers Come Together For Energy Conservation
11 May, 2007
Japan, India, China, US, and South Korea - five of the largest energy consumers in the world - have decided to come together to encourage efficient use of energy supplies and protect the environment. During one-day discussion with representatives from Japan, India, China, US, and South Korea on ...Read more

Indonesia Eyes Biofuel to Reduce Oil Dependence
11 May, 2007
To reduce over-dependence on oil & cut costs, PLN - the Indonesian govt. owned firm - will use biofuel to run power plants in the county. In efforts to reduce Indonesia's reliance on oil, PLN (Perusahaan Listrik Negara), state-owned energy firm will begin using biofuel from 2007 to fuel 114 ...Read more

Environmental Restrictions Blocking US Oil & Gas Supplies
11 May, 2007
As per BLM report, there are lots of untapped oil reserves in USA but environmental limitations are restricting the development in those regions. Around 50% of oil & over 25% of natural gas (that lies beneath the 99 million acres federal lands) is inaccessible, the US govt. said in the report ...Read more

Indonesia Offers Incentives To Encourage Gas Investment
11 May, 2007
In view of Indonesia being the world's 2nd largest producer of LNG, foreign investment is needed by Indonesia into this sector, as producing the gas is both expensive & incredibly technically complicated. To boost investment in exploration of Gas, Energy and Mineral resources, Minister Purnomo ...Read more

Russia-Poland Row Threatening EU Energy Pact
10 May, 2007
EU is urging Russia & other member states to commit to Russia energy pact but differences between Russia & Poland have put the agreement in serious jeopardy. EU (European Union) has urged Russia & other nations to make commitments for long-term energy agreements, which will ensure them ...Read more

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