Via The Times of Central Asia, a report on Gazprom’s interest in Turkmenistan: Alexey Miller, Board Chairman of Russian natural-gas giant Gazprom, confirmed the interest of the Russian company in cooperation with Turkmenistan and implementation of joint projects during the meeting with Turkmen President Gurbanguly Berdymuhamedov in Ashgabat on November 28, State News Agency of […]
Read more »Via Ozy, a look at how Turkmenistan is seeking new friends for its gas economy: The chill of winter is traditionally when Turkmenistan’s ties with China turn warmest. That’s when Beijing’s dependence on the Central Asian nation, its biggest supplier of natural gas, is at its peak. But when Turkmenistan’s struggling economy failed to supply the […]
Read more »Courtesy of Foreign Policy, a sobering look at the tragic — and totally avoidable — self-destruction of one of the world’s richest oil economies: In the spring of 1959, at a secretive meeting at a yacht club in Cairo, Venezuela’s then-minister of mines and hydrocarbons, Juan Pablo Pérez Alfonso, hatched a plan to give big […]
Read more »Via The Financial Tribune, an article on the dire condition of Venezuela’s PDVSA: The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 barrels per day each year amid lack of […]
Read more »Via Eurasianet, a report on the 400km route which will become the fourth strand of the Chinese-Turkmen pipeline network: Work has resumed in Tajikistan on construction work on a natural gas pipeline running from Turkmenistan to China. Deputy Energy and Water Resources Minister Jamshed Shoimzoda said at a press conference on January 30 that funding […]
Read more »Courtesy of the New York Times, a detailed report on the demise of Venezuela’s PDVSA: A general with no energy experience has been installed as the head of the state oil company. Arrests, firings and desperate emigration have gutted top talent. Oil facilities are crumbling, while production is plummeting. As the rest of the oil-producing world recovers on the […]
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