Tag: Oil

Categories World

UN concerned over partial shutdown of Libya’s oil production, says all parties must ensure equitable resource management

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The shutdown of production at Libya’s Hariga port and hints of expanding the suspension is a cause for concern as the oil industry remains essential for the country’s recovery from a “very costly” conflict, a UN mission said. … Read More >UN concerned over partial shutdown of Libya’s oil production, says all parties must ensure equitable resource management

Categories Asia & Pacific

Duterte says he will send Philippines’ navy ships into South China Sea to ‘stake claim’ over oil resources

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The Philippines will send naval vessels into the disputed South China Sea in a bid to defend what it claims are its oil and mineral resources, President Rodrigo Duterte has said, in remarks he partly directed at China. … Read More >Duterte says he will send Philippines’ navy ships into South China Sea to ‘stake claim’ over oil resources

Categories Latin America

Maduro’s Oil Bonanza: Under What Conditions Will Energy Giants Return to Venezuela?

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Oil companies are reportedly considering returning to Venezuela after President Nicolas Maduro signalled that he was ready to end the monopoly of state-owned Petroleos de Venezuela SA (PDVSA) and open the industry up to foreign investments earlier this year, according to Bloomberg. … Read More >Maduro’s Oil Bonanza: Under What Conditions Will Energy Giants Return to Venezuela?

Categories Middle East

Syrian Minister Reveals What Percentage of Country’s Oil is Stolen by US and Its Allies

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While Syria’s oil resources are modest compared to some of its neighbours, they have been sufficient to guarantee the country’s energy self-sufficiency, and to earn Damascus a modest income from exports. Since 2011, much of these resources have been damaged or looted, first by jihadists and then by the US and their Kurdish allies. … Read More >Syrian Minister Reveals What Percentage of Country’s Oil is Stolen by US and Its Allies