2016, July, 7, 18:25:00RUSSIA: I'M BACK
The Association of Southeast Asian Nations’ 10 fast-growing members, with a combined $2.6 trillion economy, dire energy needs and rising military budgets, are a prime market for Russia’s top exports: hydrocarbons, energy technology and weapons.
2016, July, 7, 18:15:00IRANIAN OIL TO JAPAN: UP 61.2%
Japan's crude imports from Iran recovered to pre-sanction levels in May, importing 307,691 b/d, up 61.2% year on year and up from 19,161 b/d in April, according to preliminary data released June 30 by the Ministry of Economy, Trade and Industry.
2016, July, 7, 18:10:00QATAR LNG UP 50%
The amount of LNG volume delivered to South Asia (India, Pakistan) from Qatar during the first half of the year climbed almost 50% year on year, taking advantage of weaker demand from East Asia (Singapore, Malaysia, Taiwan, Thailand, Japan, South Korea, China) and higher Qatari output.
2016, July, 5, 18:15:00SOUTHEAST ENERGY WAR
About $5 trillion in ship-borne trade passes every year though the energy-rich, strategic waters of the South China Sea, where China's territorial claims overlap in parts with Vietnam, the Philippines, Malaysia, Brunei and Taiwan.
2016, July, 5, 18:00:00PERTAMINA SEEK PARTNERS
Indonesia's state-owned oil and gas company Pertamina will seek partners to build a strategic petroleum reserve of about 25 million barrels to ensure energy security.
2016, July, 4, 18:15:00SAUDI FIND CHINA
China and Saudi Arabia discussed growth prospects and areas of cooperation and found mutual interests in crude oil storage, logistics, infrastructure, industrial development, mining, technology, energy, renewables and sovereign wealth funds, according to the ministry statement.
2016, July, 4, 18:05:00INDONESIA & BP: 10,000 JOBS
The Tangguh Expansion Project will also bring a positive contribution to Indonesia and the Papua Barat Province starting in 2016, supporting economic growth and providing 10,000 valuable jobs spread over the project period.
2016, June, 30, 18:40:00CHINESE - NIGERIAN AGREEMENTS: $80 BLN
"Memorandum of understandings (MoUs) worth over $80 billion to be spent on investments in oil and gas infrastructure, pipelines, refineries, power, facility refurbishments and upstream have been signed with Chinese companies,"
2016, June, 30, 18:35:00CHINESE - PHILIPPINE DISPUTE
"On the issue of territory and disputes over maritime delineation, China does not accept any dispute resolution from a third party and does not accept any dispute resolution forced on China."
2016, June, 30, 18:30:00INDONESIA HAS CLAIMS
The Chinese, through a statement by the Foreign Ministry last Sunday, said the two countries “have overlapping claims for maritime rights and interest.”
2016, June, 30, 18:20:00SAUDI: BIG WALLET
“We view Saudi as a core growth market with huge potential for global investment banks,” said Tamim Jabr, Deutsche Bank’s head of corporate and investment-banking coverage in Saudi Arabia.
2016, June, 27, 18:35:00GAZPROM & CNPC ROUTES
The parties addressed further steps in the bilateral strategic partnership in the gas industry, particularly Russian gas exports to China. Among other issues discussed were prospects for cooperation in the field of underground gas storage and power generation in China.
2016, June, 27, 18:30:00RUSSIAN-CHINESE PROJECT
The agreement provides for the entry of ChemChina into the FEPCO equity capital with a stake of 40% and for the proportional financing. The parties intend to conduct joint analysis aimed at the specification of niche markets for FEPCO products based on the capabilities of the partner that enjoys a robust position in the Asia-Pacific markets.
2016, June, 22, 18:30:00THREE MAIN PLAYERS
"We believe that the (function of) regulation has moved to three main players, which are the United States, Saudi Arabia and Russia," he said.
2016, June, 22, 18:25:00INDIA'S HIGH GROWTH
India’s economy expanded at a faster pace in financial year (FY) 2016 even as a number of its growth engines stalled. Agriculture – having faced two consecutive drought years – rural household consumption, private investments, and exports have not performed to potential. The oil bonanza most directly benefited the government, which for the first time in five years exceeded its revenue collection targets and used the resources to contain the fiscal deficit, transfer more resources to states, and spend more on infrastructure. Capital spending by the central government was ramped up, its efforts amplified by state governments that had additional resources from larger fiscal devolution.