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Archive for May 10th, 2008Shell pulls out of Iran gas dealPosted by UK Economy News
In UK financial news
10May 08 Oil major Royal Dutch Shell has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran's nuclear programme.
Read full story Iran official says dollar causes record oilPosted by UK Economy News
In UK financial news
10May 08 The weak U.S. dollar is the main reason behind oil prices rising to record levels, not demand or supply factors, an Iranian Oil Ministry official was quoted as saying on Saturday.
Read full story Comments Off Vietnam starts construction on 6 billion dollar oil-refineryPosted by UK Economy News
In UK financial news
10May 08 Energy-hungry Vietnam started building its second oil refinery on Saturday, a 6.2 billion dollar complex, in a bid to feed the nation's booming economy, the State Oil company announced.
Read full story Comments Off Nissan to make lithium-ion batteries with NEC: reportPosted by UK Economy News
In UK financial news
10May 08 Nissan Motor Co and NEC Corp will join forces in the world's first mass production of lithium-ion batteries for hybrid and electric vehicles, a newspaper said Saturday.
Read full story Comments Off Virgin Mobile and Korea’s SK in talksPosted by UK Economy News
In UK financial news
10May 08 Richard Branson's Virgin Mobile USA and South Korea's SK Telecom , which controls U.S. mobile service Helio, are in early talks on a deal, a person familiar with the discussions said on Friday.
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