Post Tagged with: "US Sanctions"
Exclusive: US sanctions hamper Russian efforts to repair refineries
MOSCOW/LONDON – When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem was far from trivial.
There was only one company that knew how …
Venezuela rushes to mend Iran relationship as US sanctions loom
PUNTO FIJO/CARACAS/HOUSTON – Iran and Venezuela are trying to patch together an oil alliance that began to fray last year, according to six people familiar with the matter, after the South American country fell behind on oil swaps …
Russia begins production from Arctic LNG 2 project despite U.S. sanctions
(Bloomberg) – Russia’s biggest liquefied natural gas (LNG) producer began production at its Arctic LNG 2 project — despite U.S. sanctions — in a move that could provide some relief to the tight global market for the fuel.…
EXCLUSIVE Chevron set to trade Venezuelan oil if U.S. relaxes sanctions -sources
MIAMI — Senior U.S. officials secretly traveled to Venezuela over the weekend in a bid to unfreeze hostile relations with Vladimir Putin’s top ally in Latin America, a top oil exporter whose re-entry into U.S. energy markets could …
Iran bases its 2022 budget on $60 oil
(Bloomberg) –The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year, the semi-official Fars news agency reported.
The country expects to export around 1.2 million
Prospects dim for Iran’s oil revival with Biden’s nuclear deal slipping away
(Bloomberg) –The Biden administration faces the sobering reality that returning to the Iran nuclear deal may no longer be feasible, as the Islamic Republic finds ways to cope with U.S. sanctions and races toward the capacity to build …
Iran’s President-elect Raisi rules out meeting Biden as oil markets look to nuclear deal’s future
DUBAI, United Arab Emirates — Iranian President-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday his priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at …
Iran prepared to ramp up oil output quickly if U.S. sanctions eased – SHANA
DUBAI – Iran is planning a speedy increase in its oil output, a senior oil ministry official said on Wednesday, as talks continue between Tehran and six major powers to lift U.S. sanctions that have seen it pumping far …
Russia to consider ditching dollar-denominated oil contracts if faced with more U.S. sanctions
Russian Deputy Prime Minister Alexander Novak on Thursday said the oil and gas-rich country may soon be tempted to move away from U.S. dollar-denominated crude contracts if President Joe Biden’s administration continues to impose targeted economic sanctions.
“Well, ideally
Iran rejects ending 20% enrichment before U.S. lifts sanctions-state TV
DUBAI -Iran will not stop its 20% uranium enrichment before the United States lifts all sanctions, Iranian state TV quoted an unnamed official as saying on Tuesday, after a U.S. media report said Washington would offer a new proposal …
Gazprom chairman says Nord Stream 2 gas pipeline to be finished this year despite U.S. pressure – TASS
MOSCOW – The chairman of Russian gas producer Gazprom’s board was cited by the TASS news agency on Friday as saying that construction of the Nord Stream 2 gas pipeline to Germany would be completed this year despite U.S. …
Germany says there is exchange with U.S. on Nord Stream 2
BERLIN – There is an exchange between the U.S. government and Germany regarding the Nord Stream 2 pipeline to take Russian gas to Europe, a German government spokeswoman said on Friday without giving details.
Germany and Russia say Nord …
U.S. senators prod Biden administration on Nord Stream 2 pipeline sanctions
WASHINGTON – Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated on Friday was a …
Iran oil output faces race against time as U.S. sanctions linger
LONDON/SINGAPORE – Iran’s oil reserves risk becoming stranded assets unless the new U.S. administration eases sanctions that have left the country lagging rivals in output capacity and losing a race against time as the transition to low carbon energy …
Analysis: Iran oil output faces race against time as U.S. sanctions linger
LONDON/SINGAPORE – Iran’s oil reserves risk becoming stranded assets unless the new U.S. administration eases sanctions that have left the country lagging rivals in output capacity and losing a race against time as the transition to low carbon energy …
Iran’s oil exports rise ‘significantly’ despite sanctions, minister says
DUBAI/LONDON – Iran’s oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite U.S. sanctions, the oil minister said on Friday.
Bijan Zanganeh did not give figures but said …
Venezuela slams U.S. court approval of Citgo parent sale as ‘fraudulent’
CARACAS – Venezuelan Foreign Minister Jorge Arreaza on Saturday criticized a U.S. court ruling authorizing a sale of the shares in the parent company of U.S. refiner Citgo Petroleum Corp, calling it the result of a “fraudulent judicial process.”…
IEA says oil, gas methane emissions down 10% in 2020 as output fell
LONDON – Global emissions of the potent greenhouse gas methane from oil and gas production dropped 10% in 2020 mainly because of lower output as opposed to concerted climate action, a report by the International Energy Agency (IEA) found.…
Exclusive: U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline
WASHINGTON – The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final …
Venezuela’s oil exports sink to 1940’s level under tighter U.S. sanctions -data
Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro.
The administration of U.S. President …
Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions
NEW YORK – In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade.
Within weeks, a little-known …
Russian Nord Stream 2 pipe-laying vessel leaves German site, indicating project progress
MOSCOW – The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on Monday, indicating that the 2.6-km stretch of the project in German waters may …
Russia restarts Nord Stream 2 pipeline construction despite U.S. sanctions
MOSCOW – Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.
The pipeline, which Washington says compromises European …
Iran outlines budget, promises less reliance on oil amid U.S. sanctions
DUBAI – Iran’s government presented a draft state budget of about $33.7 billion to parliament on Wednesday, promising less reliance on oil revenues and higher growth despite U.S. sanctions that have crippled the Islamic Republic’s economy, Iranian media reported.…
Sanctions on Russia gas pipeline included in annual U.S. defense bill
WASHINGTON – Sanctions that could hinder one of Moscow’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill, two congressional aides said on Wednesday.
The sanctions …
Top shipping insurance group will not cover ships linked to Nord Stream 2
MOSCOW – The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.
Associations belonging to the International Group of …
EU ‘highly concerned’ by U.S. stance on Nord Stream pipeline
FRANKFURT – A delegation of EU member states has raised concerns with the U.S. State Department that sanctions in response to the construction of the Nord Stream 2 gas pipeline under the Baltic Sea are a breach of international …