Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Wednesday, July 19, 2017

Turkey Leaks Secret Locations of U.S. Troops in Syria

Ankara has long been angered by the alliance between Washington and Kurdish factions. But a new report exposing secret American bases is a dangerous way to strike back.

Roy Gutman
ROY GUTMAN
07.19.17 1:00 AM ET

The Daily Beast

ISTANBUL—In the latest display of Turkish anger at U.S. policy in Syria, the state news agency has divulged the locations of 10 U.S. military bases and outposts in northern Syria where the U.S. is leading an operation to destroy the so-called Islamic State in its self-styled capital of Raqqa.
The list published by the Anadolu news agency points to a U.S. presence from one end to the other of the Kurdish self-administration region—a distance of more than 200 miles. The Anadolu news agency even listed the number of U.S. troops in several locations and in two instances stipulated the presence of French special forces.

Countries That Broke Ties With Qatar Indicate Some Flexibility on Demands

By RICK GLADSTONEJULY 18, 2017

The New  York Times

Senior diplomats from the four Arab countries that have broken ties with Qatar indicated Tuesday that they were no longer insisting on 13 precise demands that the Qataris must satisfy, or on a specific deadline for them to comply.

The remarks by the diplomats from Bahrain, Egypt, Saudi Arabia and the United Arab Emirates seemed to indicate a slight easing in their position and a desire to make some progress in the bitter dispute, which began in early June.

Thursday, June 8, 2017

Trump offers to help resolve Gulf crisis, UAE tightens squeeze on Qatar

 Wed Jun 7, 2017 | 8:40pm EDT

Reuters

By William Maclean and Tom Finn | DUBAI/DOHA
U.S. President Donald Trump offered on Wednesday to help resolve a worsening diplomatic crisis between Qatar and other Arab powers as the United Arab Emirates invoked the possibility of an economic embargo on Doha over its alleged support of terrorism.

In his second intervention in the row in as many days, Trump urged action against terrorism in a call with Qatari Emir Sheikh Tamim bin Hamad al-Thani, a White House statement said.

Monday, February 6, 2017

Russia, Turkey, Iran discuss Syria ceasefire implementation in Astana

Mon Feb 6, 2017 | 12:42am EST

Ruters

Experts from Russia, Turkey, Iran and the United Nations have started a technical meeting in Kazakhstan's capital, Astana, to discuss in detail the implementation of the Syrian ceasefire agreement, Kazakhstan's Foreign Ministry said on Monday.

"Representatives of Jordan are expected to take part for the first time," a ministry spokesman said of the talks.

Thursday, October 27, 2016

UPDATE 1-Greece names Total-led consortium preferred bidder for offshore gas drilling

Wed Oct 26, 2016 | 1:05pm BST

Reuters

Oct 26 Greece named on Wednesday a consortium of France's Total, its biggest oil refiner Hellenic Petroleum and Italy's Edison as the preferred bidder for an offshore gas drilling block in the west of the country.

Greece, which signed up to a third bailout last summer, has made several fruitless attempts over the last 50 years to find big oil and gas reserves. Its debt crisis and important findings in neighbouring countries has prompted the country to step up those efforts.

Monday, October 17, 2016

Kurdish Troops Advance on ISIS-Held Villages East of Mosul


By MICHAEL R. GORDON and TIM ARANGOOCT. 17, 2016

The New York Times

BADANA PICHWK, Iraq — Kurdish forces on Monday morning began advancing on a string of villages east of Mosul, the start of a long-awaited campaign to reclaim Iraq’s second-largest city from the Islamic State, which seized it more than two years ago, officials said.

About 4,000 Kurdish pesh merga troops are involved in the operation to retake 10 villages, the opening phase of a battle that could take weeks or months and could involve nearly 30,000 Iraqi and Kurdish troops, with American warplanes providing air support. Iraqi counterterrorism forces, which work closely with American Special Operations commandos in Iraq, are also expected to join the Kurdish forces in the coming days.

Monday, August 1, 2016

Islamic State Strikes Oil, Gas Facilities in Iraq

Attacks at AB2 gas compressor station, Bai Hassan oil field kill at least five local workers

The Wall Street Journal

By SARAH KENT and  GHASSAN ADNAN
Updated July 31, 2016 2:01 p.m. ET

BAGHDAD—Islamic State claimed twin attacks on oil and gas facilities in northern Iraq on Sunday that killed at least five local employees, the latest in northern Iraq by the extremist group, which relies on oil for a significant portion of its revenue.

Four suicide bombers hit the Bai Hassan oil field, prompting an hourslong standoff with local forces, said a colonel with the Kurdish Peshmerga forces that control the area. The field is one of the largest in the region of Kirkuk, producing more than 175,000 barrels a day, according to oil officials.

Three of the attackers were dead, he said, and one remained at large.

Tuesday, May 17, 2016

Tsipras inaugurates TAP gas pipeline in Greece

By Nasos Koukakis, special to CNBC
17-5-2016
CNBC.com

ATHENS- Greek Prime Minister Alexis Tsipras will inaugurate the start of construction for the TransAdriatic Pipeline (TAP) in Thessaloniki, Northern Greece on Tuesday. Official representatives of the European Union and U.S. State Department as well as high ranking officials from Greece, Turkey, Albania, Italy and Bulgaria will attend the ceremony.

TAP will transport Azerbaijani gas from Shah Deniz-2, extracted in the Azeri sector of the Caspian, to western Europe through Greece and Albania. It is part of the Southern Gas Corridor, one of the most complex gas value chains ever developed stretching over 2,174 miles. The first delivery of Azerbaijani gas is scheduled for early 2020.

The $45 billion project represents the biggest foreign investment that has ever taken place in Greece. The shareholders of the project are: Socar (20 percent), BP (20 percent), Snam (20 percent), Fluxys (19 percent), Enagas (16 percent) and Axpo (5 percent).

This project opens broad opportunities for transportation of Azerbaijani gas to such European markets as Italy, Germany, Great Britain, Switzerland and Austria. It also will help Europe diversify its sources of natural gas. Currently Russia is the major gas supplier for the continent.
At the same time, construction of the pipeline will help the anemic economies of Albania and Greece. It is expected that construction of the pipeline will employ 150 Greek companies as contractors, subcontractors or track support, and about 8,000 workers.

On Monday, Greek Minister of Environment and Energy Panos Skourletis told the Athens News Agency, "We are entering into a new phase for the economy. The TAP project will offer a strong boost to move forward."

TAP's initial capacity of 10 billion cubic meters (bcm) of gas per year is equivalent to the energy consumption of approximately seven million households in Europe. In future, the addition of two extra compressor stations could double throughput to more than 20 bcm as additional energy supplies come on stream in the wider Caspian region.

Russia is trying to bolster pipeline links with the continent through southern Europe. Gazprom tried and failed to gain strategic entry through Bulgaria and Turkey. Recently it announced new plans with Italian utility Edison and Greece's DEPA to supply natural gas along the seabed of the Black Sea into Greece and Italy, from where it could be sold in Europe.

The so-called Interconnector Turkey Greece Italy (ITGI) Poseidon pipeline scheme — unable to get off the ground for years — was shelved in 2012 after it lost out to TAP. Gazprom is now trying to get this project revived. It would consist of an offshore pipeline that will connect the Greek and Italian natural gas transportation systems. The capacity of the pipeline would be 8 billion cubic meters of natural gas a year.

It is expected that during his visit to Athens on May 28 Russian President Vladimir Putin will seek to gain support for the Poseidon pipeline.

Follow CNBC International on Twitter and Facebook.

—By Nasos Koukakis, special to CNBC.com

Monday, February 8, 2016

Exclusive: Iran wants euro payment for new and outstanding oil sales - source

Fri Feb 5, 2016 5:15pm EST
NEW DELHI | BY NIDHI VERMA

Reuters

Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief.

A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia's Lukoil.

Monday, January 25, 2016

China Deepens Its Footprint in Iran After Lifting of Sanctions


By THOMAS ERDBRINKJAN. 24, 2016

The New  York Times

ZARRINABAD, Iran — Rising from the yellowish, treeless plains so typical for central Iran stands a square labyrinth of pipes and conveyor belts, topped by a silver chimney that glitters in the summer sun.

Sanctions against Iran failed to halt the construction of the complex, a steel mill that went into operation in September and now churns out ingots and billets. The sanctions also did not stop Sheng Kuan Li, a Chinese businessman, from pouring $200 million into the project.

Thursday, June 27, 2013

UPDATE 3-TAP to carry Azeri gas via Greece as Austria loses out

Wed Jun 26, 2013 11:49am EDT
* BP, Statoil lead development of Shah Deniz II gas field

* Plans call for flows to Europe from 2019

* Nabucco West pipeline not chosen, OMV says

* Official announcement awarding project to TAP expected Friday

* TAP project will cross Greece, Albania

By Georgina Prodhan and Karolin Schaps

VIENNA/LONDON, June 26 (Reuters) - The group developing Azerbaijan's vast gas reserves has chosen the Trans Adriatic Pipeline (TAP) via Greece to link to Europe, officials said on Wednesday, defeating the Nabucco West consortium which had backed a route to Austria.

Wednesday, May 1, 2013

UPDATE 9-Oil tumbles on weak U.S., euro zone economic reports


Tue, Apr 30 2013
* Brent-WTI spread settles below $9 for first time since 2011
* Brent oil down over 7 pct, biggest monthly fall since May 2012
* Coming Up: EIA data, Wednesday 10:30 a.m. EDT (1530 GMT
By Anna Louie Sussman and Jonathan Leff