Via the always insightful The Oil & The Glory, interesting thoughts on Russia’s recent overtures to some of the original Seven Sisters to participate in major exploration projects. As the article notes: “…With cash reserves running down and insufficient economic relief in sight, Prime Minister Vladimir Putin, his growl turned into a purr, is welcoming […]
Read more »Via Stratfor (subscription required & recommended), interesting analysis of the deal signed between Russia and Azerbaijan on June 29, under which Russia will pay Azerbaijan $350 per thousand cubic meters of natural gas — the highest price Russia has paid for natural gas from the Caucasus or Central Asia. As the article notes, Moscow hopes […]
Read more »Via The New York Times, an interesting article on China’s keen interest in Iraqi petroleum opportunities. As the report notes: “…Chinese oil companies are expected to bid for the rights to develop Iraq’s oil fields in auctions that are set to start Tuesday, although Sinopec, the China National Petroleum Corporation and the China National Offshore […]
Read more »Via Energy Daily, a report that China has granted Turkmenistan a four- billion-dollar (2.9-billion-euro) loan for its gas sector and will receive additional supplies of Turkmen gas. As the article notes: “…Turkmenistan and China have signed a deal on a credit of four bilion dollars as part of a meeting between Chinese Vice Premier Li […]
Read more »Via Stratfor (subscription required), interesting analysis of Turkmenistan’s increasingly desperate efforts to diversify its energy partnerships beyond Russia which recently cut off its imports of Turkmen natural gas, halving Turkmenistan’s income. As the article notes: “…Turkmenistan is the only Central Asian state that is self-sufficient in both energy supplies and electricity production. The country currently […]
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