Via Yonhap, an interesting look at North Korea’s foreign trade. As the report notes: “…North Korean trade with the outside world, excluding South Korea, hit a record US$3.8 billion last year, a report said Monday, despite rising tensions on the Korean Peninsula. Trade jumped 29.7 percent compared with 2007, the Korea Trade-Investment Promotion Agency, a […]
Read more »Via The Financial Times, a detailed report on Brazil’s recent decision to invite iternational oil companies to bid for concessions in Brazil’s enormous “pre-salt” oil fields as early as next year. As the article notes: “…Brazil stopped selling concessions in the offshore pre-salt area, which oil industry executives say will rival the North Sea in […]
Read more »Via Stratfor (subscription required), interesting analysis of Gazprom and how the impact that falling demand for its natural gas supplies has led the Kremlin to target foreign and domestic natural gas suppliers for their market shares. As the report notes: “…Russia’s natural gas industry is continuing to suffer large setbacks, with production falling by 17 […]
Read more »Via Energy Daily, a report on Azerbaijan’s oil production and economic progress. As the article notes: “…Last year Azeri oil production totaled 44.5 million tons of crude, while the government’s original forecast was for 50 million tons. Speaking at a news conference in Baku on May 22, Industry and Energy Minister Natig Aliyev told journalists, […]
Read more »Via New Europe, an interesting look at Gazprom. As the article notes: “…European officials have accused Russian gas giant Gazpromof spending far too much time playing politics over gas and not enough time developing new resources. Russia, Gazprom, Vladimir Putin — I suppose it’s the same thing – have spent far too much time playing […]
Read more »Via China Knowledge, a report that PetroChina offered to purchase a 45.51% stake in Singapore Petroleum Company from Keppel Corporation for S$ 1.47 billion. PetroChina noted that a mandatory general offer for the remaining 54.49% stake will be made if approval for the initial bid is received on or before 24 July. Singapore Petroleum is […]
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