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2017-07-10 12:10:00

RUSSIA FINANCES U.S.

RUSSIA FINANCES U.S.

OGJTwo senior Republicans on the US House Science, Space, and Technology Committee asked Treasury Sec. Steven T. Mnuchin to investigate allegations that Russian state-sponsored entities funneled money to US environmental organizations opposed to fossil fuels in an effort to disrupt domestic energy markets.

"If you connect the dots, it is clear that Russia is funding US environmental groups in an effort to suppress our domestic oil and gas industry, specifically hydraulic fracturing," Committee Chairman LaMar Smith (Tex.) said on July 7 as he released a letter he and Energy Subcommittee Chairman Randy Weber (Tex.) sent to Mnuchin.

"They have established an elaborate scheme that funnels money through shell companies in Bermuda. This scheme may violate federal law and certainly distorts the US energy market," Smith asserted.

Publicly available reports reveal that the Russian government and complicit parties funneled money from that country through Bermuda-based shell companies to environmental groups in the US with the aim of disrupting the US energy industry and influencing public opinion of the oil and gas industry, he and Weber said in their June 29 letter.

Such a scheme potentially violates federal statutes pertaining to agents of foreign governments or those lobbying on behalf of domestic and foreign interests, they said.

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Earlier:

 

 RUSSIA:        

 

 USA:                                            

RUSSIAN GAS FOR CHINA 

AGAINST RUSSIA SANCTIONS 

RUSSIA - TURKEY RECONCILIATION 

GAZPROM: RUSSIAN GAS FOR EUROPE 

RUSSIA - IRAN OIL TALKS 

OPEC & NON-OPEC AGREEMENT 

RUSSIAN STRUCTURAL REFORMS

 

U.S. DEFICIT $46.5 BLN 

U.S. LNG FOR BRITAIN 

U.S. GAS UPDOWN 

U.S. GDP UP 1.4% 

U.S. - S.KOREA BUSINESS 

U.S. OIL DEMAND UP 4.9% 

U.S. RENEWABLE ENERGY

 

 

 

 

Tags: RUSSIA, USA, OIL, GAS,

Chronicle:

RUSSIA FINANCES U.S.
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

RUSSIA FINANCES U.S.
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

RUSSIA FINANCES U.S.
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

RUSSIA FINANCES U.S.
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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