Tag: Oil and Gas

Categories Russia

Russia less reliant on oil & gas as economic recovery in other sectors fuels country’s rapid return to growth, new report reveals

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While the stereotype is that Russia measures the size of its economy not in rubles but in barrels, a recent rally has seen the country on track for significant growth, with oil and gas making up a smaller fraction than before. … Read More >Russia less reliant on oil & gas as economic recovery in other sectors fuels country’s rapid return to growth, new report reveals

Categories Russia

Not running out anytime soon! Russia’s gas reserves will last for another 100 years, claims Moscow’s natural resources minister

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The Russian government has upped its official long-term estimate for hydrocarbon reserves to over a century as it plans to develop resource production of the Arctic region, which contains 72% of the country’s natural gas deposits. … Read More >Not running out anytime soon! Russia’s gas reserves will last for another 100 years, claims Moscow’s natural resources minister

Categories World

Turkey’s interest in Nagorno-Karabakh conflict motivated by control over Caucasus oil & gas supply, says Armenian president

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Armenia’s President Armen Sarkissian believes Turkey provoked the conflict in Nagorno-Karabakh to take control of energy supplies to Europe from the Caspian region, an area rich in ‘black gold’ and the location of many gas pipes. … Read More >Turkey’s interest in Nagorno-Karabakh conflict motivated by control over Caucasus oil & gas supply, says Armenian president

Categories Business

Philippines lifts ban on oil exploration in South China Sea opening door to potential energy deal with Beijing

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The Philippines is lifting a moratorium on oil and gas exploration in the South China Sea that could lead to the Philippines and China potentially creating a joint venture to explore for resources. … Read More >Philippines lifts ban on oil exploration in South China Sea opening door to potential energy deal with Beijing

Categories World

‘No colonialist power or threat’ can deter Turkey’s operations in E. Mediterranean – Erdogan

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President Recep Tayyip Erdogan has said Turkey will continue seeking natural resources in the eastern Mediterranean despite any threats. Ankara also expects actors in the region to take steps to de-escalate tensions. … Read More >‘No colonialist power or threat’ can deter Turkey’s operations in E. Mediterranean – Erdogan

Categories EU

Erdogan warns of ‘high price’ if Turkish ships are attacked, after French planes buzz Ankara’s flotilla

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Turkish President Recep Tayyip Erdogan has threatened reprisals if anyone attacks the ship surveying disputed waters in the Mediterranean for oil and gas, after two French jets flew nearby during an exercise with the Greek fleet. … Read More >Erdogan warns of ‘high price’ if Turkish ships are attacked, after French planes buzz Ankara’s flotilla