Search: Oil (72 materials)


Oil Price Threshold: Action and Reaction

The experience of US law enforcement practice shows that there will be violations of the sanctions regime, and US regulators have developed mechanisms for detecting them The introduction of a price threshold for Russian oil has been discussed for several months. The idea was announced back in early September in a statement by the finance ministers of the G7 countries. Its essence was to prohibit the transportation of Russian oil and oil products by sea in the event that ...


Price Cap on Russian Oil: The Mechanism and Its Consequences

In fact, the sellers’ market is being changed into the buyers’ market by artificial political methods rather than for economic reasons G7 countries are working hard to coordinate a sanctions regime to cap prices on Russian oil and oil products. The United States is already drafting a mechanism for applying these sanctions, which its allies and partners will use as a guideline. The new sanctions in the form of legal arrangements are expected to be formalised very soon. How ...


New Reality: Kazakhstan Searching for Its Place in The Global Economy

... conditions, Kazakhstan’s main interest is to maintain and diversify exports to an extent possible, as well as to secure sustained imports of food and key consumer goods. Let’s take a closer look at Kazakhstan’s exports. Minerals, primarily crude oil, form the basis of exports. According to the Ministry of Energy of Kazakhstan, oil exports from the Republic in 2021 amounted to 67.6 million tons. Almost 80% of Kazakhstan’s oil is exported through the Caspian Pipeline Consortium (CPC). The consortium ...


Russian Oil and NPPs Re-Commissioned: Japan’s Revised Energy Strategy

... from problems in the economic situation deteriorating over growing prices on imported primary energy resources as well as from the uncertainty concerning long-term deliveries of said resources from Russia in the longer run. In June, imports of Russian oil dropped to zero, prompting several companies to sign additional agreements with suppliers from the Persian Gulf. Consequently, Japan’s dependency on oil imports from the region has increased to over 90%, which essentially nixed many years of diversification ...


Russia and Turkey: State and Prospects of Energy Cooperation

Working Paper No. 63 Working Paper No. 63 Cooperation in the energy sector is one of the most important facets of Russian foreign policy. Interaction in this area helps to develop mutually beneficial trade relations and ensure the energy security of Russia and its partners. Energy cooperation between Russia and Turkey has been comprehensive and strategic in recent years. This working paper contains an analysis of the current state and prospects of this cooperation. It examines in detail the role...


Russia, Iraq Face OPEC+ Cuts, Look to New Deals

... extended the period of a sanctions waiver for Iraq — most recently in September — due to Baghdad's dependence on Iran’s gas and electricity. Iraq’s need to comply with the OPEC+ quotas has a negative impact on the situation, since with the cut of oil production in Iraq the volume of associated gas production also decreased. And this, in turn, again increases dependence on the gas imported from Iran. Ruslan Mamedov: Russia Doubles Down on Iraq Despite COVID-19 If Baghdad loses the possibility to ...


Russia Doubles Down on Iraq Despite COVID-19

... plot a course for bilateral relations, though the process is being complicated by Iraq’s precarious political situation and the global coronavirus crisis Russia’s key business interests in Iraq lie in the energy sector and hinge on the global oil and gas market, and Russian oil giants are continuing to operate on the ground despite the novel coronavirus and volatile international oil prices. Russian Ambassador to Iraq Maksim Maksimov said in a recent interview with the Interfax news agency,...


Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

As the OPEC+ deal has expired, Russia and Saudi Arabia remain at odds, though the United States offered encouraging words that production cuts might be negotiated The Russian-Saudi feud over oil production has destabilized the market even as the industry faces anemic demand and the potential for a legion of layoffs because of the coronavirus pandemic. On the heels of plummeting prices, the market rallied April 2 after US President Donald ...


A New Oil Campaign in Iraq

Russian Oil Companies Return to post-Saddam Iraq Russian energy companies in Iraq have maintained their presence in the country regardless of the political forces in power, working within the current domestic political situation. Prior to the Syrian campaign ...


The Future of the Middle East: Horizons of Challenges and Opportunities

... its efficiency, and ensuring stable and diversified grain imports on acceptable terms. By 2025, a number of countries in the region (Israel, Morocco, Tunisia, and Turkey) will have increased their share in the world fruit and vegetable markets. The oil-rich Gulf countries continue to invest in food sectors abroad (including countries such as Argentina, Australia, and Canada), thereby helping to stabilize global food markets. 2. Oil Still Matters – But Decarbonization Is Unstoppable Irina Zviagelskaya,...


Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
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