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Turks hike energy stake in Iraqi Kurdistan
Turkey, its eyes on becoming the pivotal energy hub between East and West, is set to increase its presence in Iraq's semiautonomous Kurdish enclave by taking a majority stake with a British partner in a block containing an estimated 10.5 trillion cubic feet of natural gas. ... more
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Exxon warns on Nigerian production after oil spill
US oil giant ExxonMobil's Nigerian subsidiary warned on Wednesday it may not meet production expectations following the shutdown of a pipeline after an oil spill off southern Akwa Ibom state. ... more
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Repsol will drag Argentina through courts
Frustrated by several months of fruitless fighting for a compromise, Spanish energy major Repsol warned Argentina it will drag its government through international courts to secure fair compensation for the loss of YPF. ... more
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China car market to grow 8% annually: McKinsey
Growth in China's auto market, the world's largest, is forecast to slow to an average eight percent annually from now until 2020 as consumers' tastes change, consultancy McKinsey said Wednesday. ... more
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