Via Energy Daily, details on Cuba’s recent efforts to negotiate oil exploration and production deals with Russia, China and Angola, with its focus on Moscow shaping up as the partnership that could make the communist island nation energy self-sufficient. As the article notes: “…The Cuban oil industry’s venturing out into deep sea waters in the […]
Read more »Courtesy of The International Herald Tribune, a report detailing the plans for Venezuela and Russia to form a joint company to work together on oil projects. As the article notes: “…Venezuelan President Hugo Chavez called the formation of a Russian-Venezuelan energy company an important step. He said it will “open operations not only in Venezuela, […]
Read more »Via Bloomberg, a report that PetroChina Co. and Venezuela will build a refinery in Guangdong province that will rival the biggest Chinese oil-processing plant by capacity as the two nations reinforce their energy ties. As the article notes: “…PetroChina, the country’s largest oil company, will “further realize” the agreements with Venezuela on the 400,000 barrel-a-day […]
Read more »Via Newsweek, an interesting look at the impact that plunging oil prices have had upon what many consider to be “unfriendly” regimes such as Iran and Venezuela. As the article notes “…What a difference a half a year makes. Last summer, when oil prices hit an all-time high of $147 a barrel, so did the […]
Read more »Via The International Herald Tribune, a report that Venezuelan President Hugo Chávez, who initially reveled in describing the crash as proof of capitalism’s flaws, is now quietly courting Western oil companies once again. As the article notes: “…Until recently, buoyed by the surging price of oil, Chávez had pushed foreign oil companies here into a […]
Read more »Via The International Herald Tribune, an interesting look at the recent (mis)fortunes of Russia, Iran, and Venezuela in their bids to challenge United States hegemony in the aftermath of falling oil prices. As the article notes: “…For all three nations, oil money was a means to an ideological end. President Hugo Chávez of Venezuela used […]
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