2014-05-01 18:53:00
KURDS INVITES OIL
A senior official of the Kurdistan region of Iraq has said the authorities will auction off 1.5m barrels of crude oil held at a storage point in Turkey on Friday in defiance of threats from Baghdad.
The Kurdistan Regional Government (KRG) has clashed with Baghdad after being instructed to accept severe budget cuts. It has shipped its oil production to Turkey despite a ban on exports imposed by Baghdad, which claims its oil ministry must approve all sales and exports.
Iraq is holding its third post-invasion election and Kurdish officials have said they would move quickly to shore up the region's fiscal position in light of the short fall.
"Oil sales will start on Friday," said Bayan Sami Abdul Rahman, high representative of the KRG to the UK. "We have 1.5m barrels of oil in Turkey that we will put on the market and sell. Baghdad is using the budget to control and punish the Kurdish region."
Kurdistan currently produces approximately 200,000 barrels per day (bpd) but analysts at Bernstein believe its output can rise to 2m bpd by 2020, and reach total exports of 1m bpd.
telegraph.co.uk
Chronicle:
2021, December, 8, 15:55:00
BRITAIN'S DIFFICULT WINTER
A cold snap would be very grim, especially as the government sold off gas storage, and the country only has about three days worth in reserve, less than other European countries.
2021, December, 7, 18:05:00
OIL PRICE: NEAR $75
Brent were up $1.49, or 2%, at $74.57 a barrel, WTI was up $1.71, or 2.5%, at $71.20.
2021, December, 7, 18:00:00
MORE RUSSIAN GAS FOR EUROPE
Rosneft and gas giant Gazprom were tasked with coming to an agreement on the implementation of a "pilot" project under which Rosneft would supply 10 Bcm of Russian gas to Europe.
2021, December, 7, 17:55:00
ARAMCO GAS PIPELINE DEAL $15.5 BLN
Aramco Gas Pipelines Co. will lease usage rights in its parent company's gas pipelines network and lease them back to Aramco for a 20-year period.
2021, December, 7, 17:50:00
THE NEW NUCLEAR FOR BRITAIN
UK was “matching ambition on nuclear with action”, citing the Net Zero Strategy including the £120 million Future Nuclear Enabling Fund, to support the deployment of nuclear projects.
2021, December, 7, 17:45:00
ARGENTINA'S LITHIUM
Uranium One is an international group of companies, part of Tenex (a subsidiary of Rosatom), and one of the world’s largest uranium producers with a diverse portfolio of assets worldwide, including in Kazakhstan, Tanzania and Namibia.
2021, December, 7, 17:40:00
QATAR LNG FOR CHINA
In 2018, China became the world's 2nd largest LNG importer in the world behind Japan. LNG imports amounted to 90.5 bcm in 2020 (+12%). Australia is the largest LNG supplier (44%), followed by Qatar (12%) and Malaysia (9%).