Via Energy Daily, a report on the impact that the continuing political turmoil sweeping Iran will have upon its pressing need to develop its natural gas sector, which is widely perceived as the country’s answer to its worsening economic problems. As the article notes: “…Iran, whose oil is declining and whose energy industry is so […]
Read more »Via Stratfor (subscription required), a detailed analysis of Indonesia’s transition from being a major oil exporter to leaving the Organization of Petroleum Exporting Countries to seeing its natural gas prospects expand. As the article notes, the question now is whether the government — which received a strong mandate in recent elections — will be able […]
Read more »Via Terra Daily, a report that foreign investment soared in Myanmar in 2008, despite ongoing international sanctions. As the article notes: “…foreign investment n Myanmar increased more than fivefold to reach almost one billion dollars last year, as neighboring China pumped money into its mining sector, official statistics showed Friday. Total foreign investment in the […]
Read more »Via Tom’s Dispatch.com, Michael Klare’s interesting look at whether Iraq will simply become a new petro-state servicing the global economy: “…Iraq is, of course, one of the world’s great hydrocarbon preserves. According to oil giant BP, it harbors proven oil reserves of 115 billion barrels — more than any country except Saudi Arabia (with 264 […]
Read more »Via RigZone, more pessimistic news on Pemex. As the report notes: “…Mexican oil giant Petroleos Mexicanos is struggling to meet an ambitious $20 billion investment plan for this year after it nearly quadrupled capital expenditures over the past decade. Pemex, as the state-run company is known, needs to find new pools of oil to replace […]
Read more »Via Stratfor (subscription required), fresh analysis of Nabucco in light of the recent transit agreement signed by Turkey, Bulgaria, Romania, Hungary and Austria. As the article notes, the pipeline project – which is one way Europe is attempting to diversify its energy needs away from Russia – still does not have the participation of potential […]
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