As adroitly analyzed in Stratfor (subscription required), Russian oil firm LUKoil’s plans to purchase a refinery in Cuba are on hold because of the difficulty of investing in crude production in Venezuela. As the article notes: “…Russian oil firm LUKoil’s plans to expand into Cuba have been put on hold. LUKoil wanted to buy a […]
Read more »As reported by The Financial Times, Gazprom recently set out a vaulting vision of its future status as the world’s most powerful energy company. As the article notes: “…Alexey Miller told the Financial Times that the world was undergoing “a great surge in oil and gas prices . . . which will end with prices at a radically new […]
Read more »As reported by New Eurasia.net, a new Silk Road seems to be in the offing. The article notes: “…[World Bank President] Bob Zoellick used his three-day trip to Kazakhstan to announce a $2.5 billion infrastructure project together with Prime Minister Massimov. A trade corridor linking China and Europe by road has long been in the […]
Read more »Via The Financial Times, an interesting look the future of the Russian gas market as the long-awaited natural gas price liberalization slowly begins to take hold in that country. As the article notes: “…With energy prices riding high you might expect investors would be lining up to invest in a fund that bets on Russia’s […]
Read more »Via Arabian Business, an interesting look at Iran’s petroleum and shipping sectors. As the article notes: “…According to most independent analysis, Iran has proven oil reserves of around 136 billion barrels, with 40 production sites – 27 of which are onshore and 13 offshore. In 2006 Iran produced 3.8 million bbl/d of crude oil, equal […]
Read more »Via The Washington Post, a detailed look at how China – intent on getting the resources needed to sustain its rapid growth – is taking its quest to lock down sources of oil and other necessary raw materials across the globe. As the article notes: “…China has turned to Africa, an oil-producing source whose risks […]
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