Via Energy Daily, a report that oil from Kazakhstan’s Tengiz field will be delivered by tankers across the Caspian Sea to the BP-led consortium’s Sangachal Terminal on Azerbaijan’s Absheron Peninsula for pumping into the1,094-mile, $3.6 billion Baku-Tbilisi-Ceyhan (BTC) pipeline for transmission to Ceyhan. As the article notes: “…The August Russian-Georgian military conflict highlighted the vulnerability […]
Read more »From Money Morning, a report detailing how – in the author’s eyes -China is Beating the United States in the global oil “game.” As the article notes: “…According to reports from Baghdad, the 22-year deal between the Iraqi government and the China National Petroleum Co. involves $55 billion, or 87% of Iraq’s current total revenue […]
Read more »Via Stratfor (subscription required), an interesting analysis of China and Pakistan’s recent discussions regarding greater economic cooperation and a strengthened strategic partnership. Because the relationship now is concerned more with access to, and protection of, natural resources, Beijing is undertaking a serious reassessment of its ties with Islamabad, with an eye on Pakistani-U.S. relations. As […]
Read more »As reported by The Energy Tribune, Brazil now outshines a number of other Latin American countries in new regional petroleum reserve rankings. As the article notes: “…For the first time, Brazil has surpassed Mexico in terms of proved oil reserves, according to the country’s hydrocarbons regulator, A.N.P. Brazil boasted 12.6 billion barrels at the end […]
Read more »While not an advocate of unsolicited email blasts, I did find the latest from The Global Guru to be of interest. Focused on Africa, the article notes: “…over the past decade or so, it looks like Africa is finally getting its economic act together. Just prior to the global financial meltdown, the IMF estimated GDP […]
Read more »Via Reuters, an interesting report on some doubt which is arising over Libya’s ability to achieve its goal of almost doubling output within four years. As the article notes: “…Tripoli wants to increase output to 3 million barrels of crude oil per day by about 2012 from 1.7 million now, raising extra revenues to help […]
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