The financial sanctions did not mention cutting off U.S. imports of Venezuelan oil. which could be critical to Venezuela'.s economy as well as U.S. oil refiners.
Read More »Washington Congratulates Lithuania for Receiving First LNG Shipment from US
Lithuania follows Poland in receiving its first LNG delivery from the US. reducing Russian energy dependence &. increasing Baltic security.
Read More »EU More Likely to `Ally with Russia Than US` Over Gas Pipeline Projects
Gazprom and its European partners are currently working on two pipeline projects. Nord Stream 2 and Turkish Stream.
Read More »Inpex Eyes Bid for Iran’s Azadegan Oil Project
NIOC will soon provide all necessary data about the Azadegan oil field to interested firms.
Read More »Russian Watchdog Says Schlumberger-Eurasia Drilling Deal ‘Has Big Problems’
In 2015 Schlumberger agreed to buy 45.65% of EDC for $1.7 billion but the deal fell through after FAS repeatedly postponed its approval.
Read More »Iran Air to Make Initial Decision on Plane Financiers in a Month
The state-run airline has received seven of its ordered planes so far. including three Airbus and four ATR. The delivery of the rest hinges on provision of financing for the purchases.
Read More »Senators Urge Trump to Avoid Blockade of Venezuela Oil Shipments
A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.
Read More »US Sanctions Impact Gazprom’s Position in Ukraine Gas Transit Talks
US President Donald Trump in early August signed a law that envisions the expansion of a number of sectoral sanctions against the Russian economy.
Read More »Reappointment of OPEC Veteran Zanganeh as Oil Minister Echoed in the World Media
Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.
Read More »New US Sanctions on Russia Increase Uncertainty on European Gas Markets
The U.S.'. latest law imposing new sanctions on Russia materially increases uncertainty in European gas markets.
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