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2014-08-13 18:25:00

IEA: LOW IMPACT SANCTIONS

IEA: LOW IMPACT SANCTIONS

US and EU sanctions on Russia's oil sector are unlikely to have a major effect on production, the International Energy Agency said on Tuesday, chiming with comments from some market watchers that the restrictions are toothless.

"Neither set of sanctions will have any tangible near term impact on supplies. Even for the medium term, their impact appears questionable," the energy watchdog for wealthy nations said in its widely-followed monthly oil market report .

"EU sanctions are highly selective, exclude agreed contracts, and can only be extended past one year by consensus. Their 'perimeter' seems loosely defined,…

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Tags: IEA, RUSSIA, OIL, SANCTIONS, US, EU

Chronicle:

IEA: LOW IMPACT SANCTIONS
2019, April, 22, 08:20:00

AZERBAIJAN OIL PLATFORM $6 BLN

BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.

IEA: LOW IMPACT SANCTIONS
2019, April, 22, 08:15:00

CONOCO SELLS BRITAIN $2.67 BLN

ConocoPhillips's gas-focused North Sea assets pumped 72,000 b/d of oil equivalent last year, and the acquisition will help boost Chrysaor's total production this year to over 185,000 boe/d, Chrysaor said in a statement.

IEA: LOW IMPACT SANCTIONS
2019, April, 22, 08:10:00

BRITAIN'S RENEWABLE 33%

Renewable energy sources generated approximately 33 per cent of Great Britain’s electricity over the first quarter of 2019, according to new figures published by energy consultancy EnAppSys, with wind energy accounting for over 60% of renewable generation.

IEA: LOW IMPACT SANCTIONS
2019, April, 22, 08:05:00

TURKEY, GERMANY RENEWABLE

To further explore opportunities for bilateral energy expansion, Turkish Energy and Natural Resources Minister Fatih Dönmez and German Federal Minister for Economic Affairs and Energy Peter Altmaier met in Ankara for the second Turkish-German Energy Forum in October last year to sign a letter of intent to enhance the Turkish-German energy partnership.

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