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OIL AND GAS
Exports of Kurdish oil helped Iraq, Turkish energy minister says
by Daniel J. Graeber
Ankara, Turkey (UPI) Jun 3, 2013


Iran says Oil Ministry on alert for cybersecurity threats
Tehran (UPI) Jun 3, 2013 - Any threats regarding cyberattacks are kept at bay because of close monitoring by security officials, a defense official at Iran's Oil Ministry said Tuesday.

Vahid Reza Zeidifar, a civil defense administrator at Iran's Oil Ministry, said cyberthreats are under close scrutiny.

"Our colleagues in all sections of the Oil Ministry are obligated to safeguard the security of systems against cyber threats," he said.

A cyberattack dubbed "Viper" hit the Iranian energy sector in 2012. The government in response to the attack was forced to disconnect key oil facilities, including control systems at the terminal on Kharg Island in the northern Persian Gulf that handles 90 percent of Iran's oil exports.

A report last year from U.S. technology consulting firm Booz Allen Hamilton said as much as 90 percent of computers worldwide with intellectual, monetary or strategic value are infected with undetected malicious software, or malware.

"We face no problem with regards to cyber threats and all these affairs are being monitored at the Oil Ministry," Zeidifar said.

Turkey is doing its neighbors in Iraq a favor by hosting the first shipment of oil from the semiautonomous Kurdish north, the Turkish energy minister said.

The semiautonomous Kurdistan Regional Government in May announced its first delivery of more than 1 million barrels of oil from the Turkish sea port at Ceyhan. Iraq said the shipment violates the nation's constitution and blames Ankara for making internal rows over oil worse.

Turkish Energy Minister Taner Yildiz said he opposed to Baghdad's objections as income from the oil sales would be distributed among the Iraqis themselves.

"Would it be better for Iraq if Turkey wasn't letting Iraqi oil to flow through it? It wouldn't," he said Monday. "We are a neighbor, friend and fraternal country that is laying the basis for the transmission of Iraqi oil to world markets."

The central Iraqi government in Baghdad said it's the State Oil Marketing Organization that has the sole right to handle exports, accusing Ankara of facilitating illegal activity.

KRG said it's operating according to the rules spelled out in the Iraqi Constitution.

Though the Kurdish oil has left port, it's unclear if it's been actually sold.

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IEA report says right policies needed as much as right investments
Paris (UPI) Jun 3, 2013
It will require $48 trillion in investments through 2035 to meet the world's growing energy needs, the International Energy Agency said Tuesday from Paris. IEA Executive Director Maria van der Hoeven said in a statement the reliability and sustainability of future energy supplies depends on a high level of investment. "But this won't materialize unless there are credible policy f ... read more


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