Courtesy of Reuters, news that Iran, Ecuador, and Venezuela have agreed to build a refinery and a petrochemical unit in Ecuador. As the article reports: “An agreement was signed between Iran and Ecuador on cooperation in the oil industry and showed the will of the two countries’ presidents to increase cooperation in economy and politics,” […]
Read more »Via Stratfor, an interesting look at the possibility that Turkey, Armenia, and Azerbaijan will enter into an energy relationship to counter the effects of Russia’s gains in the region after its intervention in Georgia. As the article notes: “…Stratfor sources in Azerbaijan have said that Turkey plans to forge an energy relationship with Armenia — […]
Read more »Via BusinessWeek, an interesting analysis of Kazakhstan’s position in the overall race for Central Asia hydrocarbons, particularly the likelihood that future production from the massive Tengiz field may end up going to China vs. other export lines. As the article notes: “…getting the oil out of the landlocked country [Kazakhstan] has always been a tricky […]
Read more »A most interesting analysis from the blog “On Political Risk, detailing Russia’s recent steps to move closer to its goal of dominating the North African gas market, a potential alternative supplier to Europe. As the report notes: “…Gazprom signed a Memorandum of Understanding with Nigeria to develop gas and oil projects there. Gazprom is already in talks […]
Read more »As reported by Energy Daily, China may build a third west-east gas pipeline in a bid to meet strong demand along its economically vibrant eastern seaboard. As the reports states: The pipeline will start from the western Xinjiang region and is likely to end in Fujian province in the southeast, supplying natural gas to the […]
Read more »Via The Financial Times, an article noting that Brazil’s recent offshore oil find is set to pit one of the world’s most important emerging economies against both foreign equity investors and international oil companies, and may also lead to the creation of a new state owned entity at the expense of Petrobras. As the article […]
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