... exporting crude
to Polish, Lithuanian and Czech refineries, while Russia, following the launch of the Eastern Siberia - Pacific Ocean (ESPO) pipeline,
became a key oil supplier
to China. Despite the ongoing calls for an output freeze, Saudi Arabia and its OPEC partners have been offering generous discounts to Asian and European customers, which
pits them squarely against Russia on these markets
.
Investments and joint projects
Oil-and-gas cooperation is also possible in the form of investments and technology exchange. Yet this format does not fit the bill in our case. Saudi Arabia and Russia have similar problems and seek similar solutions: the two countries both need oil dollars, ...
... to bicker online), as in reality they have little choice and China anxiously needs oil as the memory of early 2000s energy famish is still fresh. Basically, China cannot trade with OPEC smoothly as it does not give special treatment via some sort of guaranteed quotas... ... from traditional majors who have cemented their place over the past century. Moreover, Russia opposes equity investment and it is not corrupt to an extent that it sells major... ... described the attempt well by saying that it was like – throwing a lit match into a gas filled room on top of Capitol Hill, as it instantly flamed a debate over energy...
... diamonds, malachite and tantalite are a curse for D.R. Congo, then oil must be the penultimate stained Holy Grail of the entire world.... ... highlighted at this year’s IMEMO RAN event; the “Oil & Gas Dialogue” (26/04/13). As usual, I will offer additional ... ... period occurred as these majors started to negotiate with the OPEC alliance or 'cartel', with prices being linked ... ... I doubt that the US will be able to overtake Saudi Arabia and Russia as some reports argue by 2017-2020, but potentially we could ...
