Via Energy Daily, a report on the evolving reorganization of Nigeria’s national oil company. As the article notes: “…Nigerian President Umaru Yar’Adua has replaced six of the top officers at the country’s state-run petroleum company in an effort to prepare the Nigerian National Petroleum Corp. for proposed reforms to the sector.”The ongoing changes are in […]
Read more »Via Bloomberg, a report that China, the world’s second-biggest energy consumer, may agree next week on lending $10 billion to Kazakhstan in return for the right to take a stake in an oil producer in the Central Asian country. As the article notes: “…China National Petroleum Corp. plans to buy a minority holding in AO […]
Read more »Via Robert Amsterdam, an interesting look at Venezuela’s continuing efforts to reach out to global firms to help finance its oil sector. As the article notes, the most recent initiative involved Japan: “…Hugo Chavez and Japan’s Prime Minister Taro Aso today agreed to cooperate on oil and gas developments in the Latin American nation, according […]
Read more »Via Gregor.us, an interesting examination of Iran’s recent announcements of new oil discoveries. As the article notes: “…People are usually shocked to learn Iran imports 50% of its gasoline. This effectively destroys a good portion of their export earnings from oil. Obviously, therefore, it would make sense for Iran to expand its domestic refining capacity. […]
Read more »According to Marc Faber, the publisher of the Gloom, Boom & Doom report, said Mongolia is “torn between two lovers – China and Russia,” and is a country with huge potential. As he notes: “The country is incredibly resource rich, another Saudi Arabia, next to the largest population in the world”
Read more »Via The Foreign Policy Association, a report that Iran and Kazakhstan are working towards improved economic ties. As the article notes: “…The Iranian and Kazakh presidents met Monday in the Kazakh capital of Astana and signed a series of mutually beneficial deals that will also pay dividends to other countries. President Nazarbayev said he supports […]
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