Oil and gas

This tag is associated with 203 posts

IEA Cheif ‘Sounds Alarm’ On Oil Industry As Further Investment Cuts Seen

The Executive Director of the International Energy Agency (IEA) says he is sounding the “alarm bells” on the oil industry amid turmoil that is set to drive further investment cuts. Fatih Birol, Executive Director of the Paris-based IEA, says that the oil industry is set to further reduce spending in 2016 as oil prices remain low, signaling more pain ahead … Continue reading

Middle East: Oman’s Subsidies To Exceed $7 Billion This Year According To IMF Study

Oman’s total subsidies will touch $7.27 billion this year, the International Monetary Fund (IMF) reports in a study. This is against a subsidy estimate at $4.64 billion for 2015 in the state budget and an actual subsidy of $4.36 billion in 2014, which indicated a fall of 17.11 per cent over the previous year due … Continue reading

Oman May Invest $7 Billion In Indonesia’s Oil And Gas Industry

Indonesia’s Energy and Mineral Resources Minister Sudirman Said said that Omani investors may invest up to $7 billion in oil and gas projects in the country, the Jakarta Globe reports. According to the report, the minister says that a number of investors from Oman have expressed interests in developing oil and gas tanks, a refinery, … Continue reading

Russia Considering Granting Chinese Investors Over 50% Share In Strategic Oil And Gas Fields

Russia is considering the idea of granting Chinese Investors over 50 percent share in strategic oil and gas fields, except for offshore, Russian Deputy Prime Minister Arkady Dvorkovich said on Friday, according to a report from TASS. “If there is a request from China, we will seriously consider it. And I see no political obstacles at the moment,” … Continue reading

The Sanctions Of Mass Destruction – Fueled By Petrodollars – OpEd

By Garikai Chengu Under the late King Abdullah, Saudi Arabia played a role most treacherous in world affairs: its oil fueled U.S. militarism and its money funded Islamic extremists. Saudi Arabia is perhaps the greatest inherent contradiction of U.S. foreign policy. Prior to the 20th century, the value of money was tied to gold. When … Continue reading

China-Latin America Relations And The Fall Of Oil Prices

By Yagmur Ersan The first ministerial meeting of the Forum of China and the Community of Latin American and Caribbean States (CELAC) was held from January 8-9, 2015 in Beijing. Three presidents, President Luis Guillermo Solís of Costa Rica, President Rafael Correa of Ecuador and President Nicolás Maduro of Venezuela, as well as Prime Minister Perry … Continue reading

Foreigners Investors Bullish On Vietnam, But Want Economic Reforms

By Lien Hoang Foreign investors are optimistic about Vietnam’s economy, along with others in Asia, but have asked the government to complete its promised overhaul of banks and state firms. Investment is pouring into the country as everything from inflation to currency stabilizes, while strong trade is set for an even better outlook. January 1 … Continue reading

The Slow Death Of The Petrodollar

By Daily Kos Blog It’s hard to figure out the state of the dollar these days. On one hand it is strengthening so quickly that it threatens to hurt exports, and there is even talk of a bubble. The market is so hungry for the safety and liquidity of Treasuries that interest rates are being crushed to … Continue reading

What Does A Slowdown In China Mean For Latin America?

By The World Bank Growth in Latin America and the Caribbean (LAC) has become increasingly dependent on activity in China, partly as a result of heavy reliance on commodity exports. A 1 percentage point deceleration of growth in China has been associated with a 0.6 percentage point slowing of growth in the LAC region. Growth … Continue reading

Iran: Opposition To Western Sanctions In The Banking Sector

By Oleg Reschikov The Islamic Republic of Iran has for many years suffered from significant multifaceted pressure from the West. Persistence and resourcefulness has allowed Iranian businesses and Iran as a whole to skillfully overcome the barriers erected by US and European sanctions. With the resumption of Iran’s nuclear program in 2005, the ring of sanctions … Continue reading

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