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 […]
Read more »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 […]
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