Search: Oil,Sanctions,Energy (2 materials)

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

... late July 2022, the minister of economy, trade and industry sent a clear signal to Japan’s oil traders , saying that Japan’s government does not call on companies to continue with their refusal to purchase Russian oil as part of supporting Western sanctions since it is up to the companies alone to decide whom to purchase oil from. Clearly, this is a somewhat disingenuous statement as Japan’s government sets quotas on imports of energy resources and knows ex officio where these resources come from. As for the imports of Russian gas, so far, not a single one out of eight Japanese companies getting LNG from Sakhalin-2 said it intended to suspend contracts. To complete the picture,...

01.09.2022

Iran’s Oil Sector under Renewed Sanctions: Adopting to the New Reality

... Background and Possible Consequences The situation with Iranian oil exports was a bit different. Tehran did not manage to raise or even to restore its pre-2012 levels. There are several fundamental reasons for that. It is important to remember, that after sanctions are lifted, it’s usually extremely hard for an oil exporter to regain its share of the energy market. Once one is out, other players rush in to substitute the missing volumes. Once he is back, no one will willingly allow him to regain his market share. This played an important role in hindering Iran from restoring its pre-2012 sanctions ...

08.07.2019

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