Live and recent posts from across the Fediverse tagged #oilproduction, aggregated by home.social.
Hurricane Isaias Shuts In 71% of U.S. Gulf Oil Production
Hurricane Isaias has now knocked nearly 1.46 million barrels per day of U.S. Gulf oil production offline, extending…
#NewsBeep #News #Headlines #CA #Canada #Crude #Gas #GulfofMexico #hurricanes #offshore #oilproduction #upstream
https://www.newsbeep.com/765110/
https://www.europesays.com/unitedstates/19923/ Is the West’s 100-Year Venezuela Oil Bet About To Backfire? #Commodities #Energy #Energy&Commodities #Oil #OilLaw #OilProduction #PDVSA #Rodriguez #trump #venezuela
Is the West’s 100-Year Venezuela Oil Bet About To Backfire?
Centuries ago, the untamed jungles of Venezuela’s Orinoco Basin helped power the myth of El Dorado, a city…
#Conflict #Conflicts #War #oil #OilLaw #oilproduction #PDVSA #Rodriguez #trump #Venezuela
https://www.europesays.com/3294321/
https://www.europesays.com/3294321/ Is the West’s 100-Year Venezuela Oil Bet About To Backfire? #Conflicts #oil #OilLaw #OilProduction #PDVSA #Rodriguez #trump #Venezuela
TotalEnergies Targets 3% Annual Oil and Gas Growth Through 2030
TotalEnergies expects its oil and gas production to grow by more than 3% every year until 2030 due…
#France #FR #Europe #EU #TotalEnergies #energyproduction #FreeCashFlow #oilandgasproduction #oilproduction
https://www.europesays.com/france/89314/
Trump Says South Korea Deal Includes $8.4 Billion U.S. Oil Project
President Donald Trump said Friday that South Korea’s investment agreement with the United States now includes $8.4 billion…
#NewsBeep #News #Business #CA #Canada #EOR #naturalgas #oil #oilproduction #SouthKorea #Trump #Upstream
https://www.newsbeep.com/ca/918853/
Trump Says South Korea Deal Includes $8.4 Billion U.S. Oil Project
President Donald Trump said Friday that South Korea’s investment agreement with the United States now includes $8.4 billion…
#EuropeSays #Korea #KR #EOR #naturalgas #oil #oilproduction #SouthKorea #trump #Upstream
https://www.europesays.com/korea/175925/
https://www.europesays.com/3282082/ Texas oil and gas activity continues to increase so far in 2026 despite cost pressures #CrudeOil #CrudeOilPrice #FederalReserveBankOfDallas #GlobalSupply #NaturalGasProduction #OilAndGas #OilPrice #OilProduction #PermianBasin #Petroleum #Texas
https://www.europesays.com/africa/451078/ Tullow Oil loses Ghana tax dispute, sending shares down 50% #$1965Million #AfricaOilAndGas #Ghana #GhanaOilAndGas #GhanaRevenueAuthority #InternationalChamberOfCommerce #JubileeField #OilAndGasArbitration #OilProduction #TaxArbitration #TENField #TullowGhana #TullowOil #UpstreamGhana
TotalEnergies Targets $10 Billion Cash Flow Gain by 2030
TotalEnergies plans to grow oil, gas and electricity production by 4% annually through 2030 while generating an additional…
#France #FR #Europe #EU #TotalEnergies #dividends #electricity #energyinvestment #FreeCashFlow #IntegratedPower #LNG #naturalgas #oilproduction #sharebuybacks
https://www.europesays.com/france/86327/
Arab News | S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5%
RIYADH: S&P Global Ratings affirmed Oman’s long-term sovereign credit rating at “BBB-” and its short-term rating at “A-3”,…
#NewsBeep #News #Economy #Business #InternationalMonetaryFund(IMF) #oilproduction #Oman #S&PGlobal #UK #UnitedKingdom
https://www.newsbeep.com/uk/784220/
Arab News | S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5%
RIYADH: S&P Global Ratings affirmed Oman’s long-term sovereign credit rating at “BBB-” and its short-term rating at “A-3”,…
#NewsBeep #News #Economy #AU #Australia #Business #InternationalMonetaryFund(IMF) #oilproduction #oman #S&PGlobal
https://www.newsbeep.com/au/907354/
Arab News | S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5%
RIYADH: S&P Global Ratings affirmed Oman’s long-term sovereign credit rating at “BBB-” and its short-term rating at “A-3”,…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #InternationalMonetaryFund(IMF) #oilproduction #oman #S&PGlobal
https://www.newsbeep.com/us/862401/
https://www.europesays.com/africa/446200/ UNSMIL urges urgent action to reopen Libya oil pipeline #Libya #OilProduction #ShararaOilField #UNSMIL
Arab News | S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5%
RIYADH: S&P Global Ratings affirmed Oman’s long-term sovereign credit rating at “BBB-” and its short-term rating at “A-3”,…
#Economy #business #internationalmonetaryfund(imf) #oilproduction #Oman #S&PGlobal
https://www.europesays.com/3275339/
https://www.europesays.com/ie/708448/ Arab News | S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5% #Business #Economy #Éire #IE #InternationalMonetaryFund(IMF) #Ireland #OilProduction #oman #S&PGlobal
Arab News | S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5%
RIYADH: S&P Global Ratings affirmed Oman’s long-term sovereign credit rating at “BBB-” and its short-term rating at “A-3”,…
#NewsBeep #News #Economy #Business #CA #Canada #InternationalMonetaryFund(IMF) #oilproduction #oman #S&PGlobal
https://www.newsbeep.com/ca/911453/
https://www.europesays.com/3275339/ Arab News | S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5% #business #Economy #InternationalMonetaryFund(imf) #OilProduction #Oman #S&PGlobal
https://www.europesays.com/uk/1224247/ Arab News | S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5% #Business #Economy #InternationalMonetaryFund(IMF) #OilProduction #Oman #S&PGlobal #UK #UnitedKingdom
TotalEnergies (TTE) Eyes a Bigger $16 Billion Bet on Iraq: Could this Unlock More Growth?
A Reuters report on September 14 indicated that TotalEnergies SE (NYSE:TTE) and Iraq’s government have agreed to discussions…
#EuropeSays #Headlines #News #Europe #Europa #EU #Iraq #GasGrowthIntegratedProject #GGIP #oilproduction #PatrickPouyanné #productionbase #TotalEnergiesSE #TTE
https://www.europesays.com/iran/308150/
https://www.europesays.com/iran/308150/ TotalEnergies (TTE) Eyes a Bigger $16 Billion Bet on Iraq: Could this Unlock More Growth? #GasGrowthIntegratedProject #GGIP #Iraq #OilProduction #PatrickPouyanné #ProductionBase #TotalEnergiesSE #TTE
https://www.europesays.com/africa/445290/ NOC: Losses from Sharara pipeline shutdown exceed $75 million #Libya #NationalOilCorporation #OilProduction #ShararaOilField
TotalEnergies (TTE) Eyes a Bigger $16 Billion Bet on Iraq: Could this Unlock More Growth?
A Reuters report on September 14 indicated that TotalEnergies SE (NYSE:TTE) and Iraq’s government have agreed to discussions…
#France #FR #Europe #EU #TotalEnergies #GasGrowthIntegratedProject #GGIP #Iraq #oilproduction #PatrickPouyanné #productionbase #TotalEnergiesSE #TTE
https://www.europesays.com/france/84784/
https://www.europesays.com/gbr/dev/3070/ BP Eyes Bigger U.S. Shale Footprint After Devon Deal Talks #BP #Devon #DevonEnergy #EagleFord #oil #OilProduction #Shale
https://www.europesays.com/africa/440920/ Uganda Urged to Turn Mineral Wealth into Sustainable Development #accountability #DavidBahati #ExtractiveIndustriesTransparencyInitiative #HumphreyAsiimwe #IronOre #MineralProduction #mining #NaturalResources #OilAndGas #OilProduction #SaulOngaria #Transparency #Uganda #UgandaEconomy #UgandaEITI #ValueAddition
North Dakota oil production and tax revenue keeps rising as US-Iran war drags on – InForum https://www.byteseu.com/2387112/ #Conflicts #GasPrices #Iran #NorthDakota #NorthDakotaOil #OilProduction #WarWithIran
https://www.europesays.com/conflicts/1204/ North Dakota oil production and tax revenue keeps rising as US-Iran war drags on – InForum #GasPrices #NorthDakota #NorthDakotaOil #OilProduction #USWarNews #WarWithIran
North Dakota oil production and tax revenue keeps rising as US-Iran war drags on – InForum
BISMARCK — Oil production in North Dakota continues on an upward track as the U.S. war with Iran…
#NewsBeep #News #BreakingNews #breakingnews #GasPrices #Iran #NorthDakota #NorthDakotaoil #oilproduction #warwithiran
https://www.newsbeep.com/741115/
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters ‘Anything Could Happen With Me’
JPMorgan’s (JPM) commodities team has formally abandoned its baseline forecast for oil markets, marking an unprecedented admission from…
#EuropeSays #Headlines #News #Europe #Europa #EU #Iran #barrelsperday #Brentcrude #JPMorgan #oilmarkets #oilproduction #presidenttrump #StraitofHormuz #supplydisruption
https://www.europesays.com/iran/298270/
https://www.europesays.com/iran/298270/ JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters ‘Anything Could Happen With Me’ #BarrelsPerDay #BrentCrude #Iran #JPMorgan #OilMarkets #OilProduction #PresidentTrump #StraitOfHormuz #SupplyDisruption
US Oilman Who Worked Years in Venezuela Is Now Being Shut Out
(Bloomberg) — The veteran oil executive who oversaw Chevron Corp.’s strategy to stay in Venezuela through years political…
#Conflict #Conflicts #War #AmosGlobalEnergy #bloomberg #Caracas #Chevron #Moshiri #oilproduction #PetroleosdeVenezuela #Venezuela
https://www.europesays.com/3258788/
Venezuela oil opening seen as ‘smoke and mirrors’
CARACAS: Recent high-profile deals allowing foreign drillers to tap Venezuela’s vast oil reserves have failed to quell lingering…
#Conflict #Conflicts #War #Chevron #Commodities #ContractRisk #EnergyInvestment #Eni #ForeignInvestment #OilIndustry #OilProduction #Venezuela
https://www.europesays.com/3255305/
Karachaganak Maintenance to Cut Kazakhstan’s Oil Output by Up to 450,000 Tons
https://www.europesays.com/africa/428324/ Uganda Reschedules First Commercial Oil Production Timeline #OilProduction #Uganda
Russia, Venezuela and Trump’s oil push: the EU’s awkward G20 energy summit
European Union Energy Commissioner Dan Jørgensen will join this week’s G20 energy meeting in Houston, Texas, alongside unexpected…
#Europe #EU #DanJørgensen #Energy #energysecurity #energytransition #EuropeanUnion #Fossilfuels #G20 #Jørgensen #oilandgasproduction #OilProduction #Russianofficial #Washington
https://www.europesays.com/europe/139033/
From Gabar to Türkiye’s oil future https://www.byteseu.com/2366377/ #GabarMountain #OilProduction #Turkey #Türkiye
https://www.europesays.com/africa/426513/ Nigeria’s oil output rises 0.4% in August #CrudeOil #NAN #news #Nigeria #NUPRC #OilProduction #opec+ #PremiumTimes #SBM
From Gabar to Türkiye’s oil future
Türkiye’s search for oil is not a recent endeavor. From the first exploration activities in the 1930s to…
#EuropeSays #Turkiye #Türkiye #gabarmountain #oilproduction
https://www.europesays.com/turkiye/50783/
TotalEnergies to Bring New Angola Discovery Online in Just Three Months
TotalEnergies has made a new discovery offshore Angola and has bought operated interest in two new exploration blocks…
#France #FR #Europe #EU #TotalEnergies #Angola #oilproduction
https://www.europesays.com/france/78930/
OPEC Output Rises as Gulf Producers Restore War-Shut Supply
OPEC oil output climbed further in July as Gulf members restored supplies shut during the Iran war, a Reuters survey found, though total output remains well below pre-conflict levels.
https://pulseofnations.lol/opec-output-rises-as-gulf/
#Brent #EnergyMarkets #GulfStates #Hormuz #IranWar #OilProduction #Opec
How the U.S. Cemented Its Spot as the World’s Top Oil Producer #CrudeOil #DrMRayPerryman #economy #GlobalEconomy #oil #OilProduction #TexasEconomy #UsEconomy https://texasborderbusiness.com/how-the-u-s-cemented-its-spot-as-the-worlds-top-oil-producer/
Kazakhstan Cuts Oil Production Following Drone Strikes on Black Sea Tankers
Kazakhstan has reduced crude oil production following drone strikes on commercial tankers at the Caspian Pipeline Consortium (CPC) terminal off Russia’s Black Sea coast, the country’s energy ministry announced Thursday.
#WarOfAggression #Ukraine #drone #Oil #Kazakhstan #OilProduction #occupied #warfare #army #war #Russia #BlackSea #DeepStrike #WarCriminal #invaders #occupiers
#перемогаYкраїни
US oil firms sign deals with Iraq to develop alternative shipping routes
WASHINGTON (AP) — U.S. companies signed roughly $60 billion in agreements and partnerships with the Iraqi government Friday,…
#NewsBeep #News #Headlines #GoldmanSachs #Iran #Iraq #Iraqigovernment #Oil #oilproduction #southernIraq #StraitofHormuz #U.S.ChamberofCommerce #World
https://www.newsbeep.com/649294/
Iran threatens to halt energy exports as US bombings, blockade escalate
The…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #America #bombingsonIran #CentralCommand #civilianinfrastructure #donaldtrump #energyexports #gasprices #globalfuelprices #internationalconflict #iran #Iranports #KhargIsland #MiddleEast #navalblockade #Negotiate #oilexports #oilproduction #powerplants #RevolutionaryGuard #StraitofHormuz #U.S.strikes #UnitedStatesofAmerica
https://www.newsbeep.com/us/766268/
Iran threatens to halt energy exports as US bombings, blockade escalate
The United States launched a third round of bombings on …
#NewsBeep #News #BreakingNews #KhargIsland #bombingsonIran #breakingnews #CentralCommand #civilianinfrastructure #DonaldTrump #energyexports #GasPrices #globalfuelprices #internationalconflict #Iran #Iranports #MiddleEast #navalblockade #negotiate #OilExports #oilproduction #powerplants #revolutionaryguard #StraitofHormuz #U.S.strikes
https://www.newsbeep.com/646112/
Texas oil firms increase production amidst elevated prices during U.S.-Iran War – Houston Public Media
AP Photo/Tony Gutierrez Oil rigs and a pump jack are shown in a rural area, Wednesday, July 29,…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #America #Brentcrude #Energy&Environment #FederalReserveBankofDallas #Iranwar #oilproduction #UnitedStatesofAmerica #WestTexasCrude
https://www.newsbeep.com/us/761105/
Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month.
https://dmarketforces.com/nigeria-hits-104-of-opec-quota-as-oil-production-rises/
Russian drones and the shadow fleet
Russia likely used shadow ships to launch drones over Europe that repeatedly disrupted civilian aviation, as it monitored…
#NewsBeep #News #Headlines #chevron #China #Crude #diluent #Energy #exports #Exxon #imports #maduro #Oil #oilproduction #PDVSA #petroleum #Sanctions #Trade #Trump #Venezuela #venezuelan #World
https://www.newsbeep.com/625155/
Israel land seizures | AP News
Over the past two and a half years, Israel has taken control of swaths of Gaza, Lebanon and…
#NewsBeep #News #BreakingNews #breakingnews #chevron #China #Crude #diluent #Energy #exports #Exxon #imports #Israel #maduro #Oil #oilproduction #PDVSA #petroleum #Sanctions #Trade #Trump #Venezuela #venezuelan
https://www.newsbeep.com/598537/
🟡 EnergyInfrastructureAttack | 8/10
🇷🇺 🇺🇦
Ukrainian drone strikes continue to disrupt Russian oil production
Bloomberg reports Russia's oil production has fallen to its lowest level in over a year as Ukrainian drone attacks continue to disrupt refineries and energy facilities.
#OSINT #NewsGroup #Ukraine #Russia #OilProduction #DroneStrike
🟢 Energy Policy | 3/10
🇮🇷
OPEC+ to approve fourth consecutive output increase
OPEC+ is set to approve a fourth consecutive increase in oil production quotas despite market uncertainty following tariff-related disruptions.
Major fire at Australian refinery hits petrol output amid Iran war
A fire broke out at Viva Energy Group's refinery in southern Australia, the largest of the country's two oil refineries that also supplies over 50% of Victoria's and 10% of Australia's fuel, amid shortage fears fueled by the Iran war. #News #Reuters #Newsfeed #iranwar #australia #oilproduction #energysecurity #energy Read the story here: 👉 Subscribe: Keep up with the latest news from around the world:…
https://fllics.com/en/video/major-fire-at-australian-refinery-hits-petrol-output-amid-iran-war/
The Nigerian National Petroleum Company (#NNPC) Limited has commenced export of its new crude grade – Cawthorne, marking a significant milestone in the Company’s drive to increase Nigeria’s crude oil production
https://dmarketforces.com/nnpc-launches-cawthorne-exports-first-cargo-to-netherlands/
OPEC Commits to Boost Output Once Hormuz Reopens
OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only…
#NewsBeep #News #Business #Brentcrude #GB #Gulfexports #Iran #MiddleEast #oilprices #oilproduction #OPEC #straitofhormuz #UK #UnitedKingdom #WTI
https://www.newsbeep.com/uk/515498/
Nigeria’s crude oil production has reached 1.84 million barrels per day (mbpd), according to the Nigerian Upstream Petroleum Regulatory Commission (#NUPRC).
https://dmarketforces.com/nigerias-crude-oil-production-hits-1-84mbpd-nuprc/
#TheGremlinZoo #GulfofMexico #EndangeredSpecies #OilProduction
From WTOP News.com: Federal ‘God Squad’ exempts oil and gas drilling in the Gulf from endangered species rules
I asked #SocialismAI “What is the history of oil extraction and its geopolitics?”
ANSWER BELOW!
The DROP Act Is An Unprecedented Weapon Of Financial Warfare Against Russia
The DROP Act Is An Unprecedented Weapon Of Financial Warfare Against Russia
Russia’s oil clients would be coerced under pain of sanctions into dumping it or scaling support for Ukraine if this bill passes.
Anti-Russian hawk Michael McCaul, who importantly serves as the Chairman of the House Foreign Affairs Committee, announced the introduction in the House in early February of the bipartisan “Decreasing Russian Oil Profits” (DROP) Act that was earlier introduced in the Senate last December. If it passes, then Trump would have the power to impose targeted sanctions against anyone buying, importing, or facilitating the export of Russian oil, with exceptions only possible under one of three conditions.
The first is that the funds owed to Russia for such purchases must be credited to an account in their country, can only be used “to facilitate transactions in agricultural commodities, food, medicine, or medical devices”, and their government must commit to significantly reduce its purchase of Russian oil. The second is that such funds are used to either arm or rebuild Ukraine, while the third is that the government of their country provides significant economic or military support to Ukraine.
The first two conditions are unacceptable to Russia, but the third isn’t since it’s already selling oil to countries that significantly support Ukraine. The condition of providing significant economic and military support to Ukraine, which is an arbitrary distinction since no minimum level of each is described, in exchange for no targeted sanctions could lead to more arms and funds flowing into Ukraine. That could in turn impede the fulfilment of Russia’s goals and perpetuate the conflict unless Russia compromises.
Therein lies the purpose of the DROP Act: its authors envisage the US successfully coercing Russia’s remaining oil clients across the world into replacing their imports with other suppliers’ (since Russia wouldn’t realistically continue exports under the first two conditions) or scaling support for Ukraine. This makes it an unprecedented weapon of financial warfare, which could also be paired with Indian-like punitive tariffs if legal workarounds are employed, thus likely raising the number of parties that comply.
Market factors are the only real limits to this policy with respect to the targeted person’s/country’s exposure to the US’ financial market, which makes them susceptible to the DROP Act’s threatened sanctions, and the oil market’s ability to replace lost Russian exports. Therefore, even if most of Russia’s remaining oil clients are exposed to the US’ financial market, there might not be enough oil on the market for them to replace their imports so they might scale support for Ukraine instead of dump Russia.
That’s the most likely scenario amidst the oil price surge caused by the Third Gulf War and the US’ resultant flexibility in temporarily waiving its sanctions on India’s import of Russian oil, the primary target of its financial warfare in this regard thus far, for maintaining the viability of its partner’s market. The quid pro quo for sanctions waivers to other major trade partners could be a pledge to allocate some funds for arming Ukraine or rebuilding it once the oil crisis passes and they can more comfortably do so.
In any case, regardless of whether they dump Russia or scale support for Ukraine, the DROP Act is designed to create problems for Russia. They might not materialize as expected, or even at all in any significant way, but the takeaway is that this is a very hostile piece of legislation. Trump 2.0’s wielding of this unprecedented weapon of financial warfare against Russia, in the event that it passes (which isn’t guaranteed), could further complicate ties with Russia and possibly ruin their nascent rapprochement.
Disclaimer: The views expressed in this article are author’s own and do not necessarily reflect the editorial policy of Voice of East.
#DonaldTrump #Economy #oilProduction #Russia #Ukraine #USA
Putin Might Finally Deal His Long-Awaited Deathblow To The EU Economy
Putin Might Finally Deal His Long-Awaited Deathblow To The EU Economy
He just ordered that some of Russia’s LNG exports to the EU be redirected to Asia, and if the EU doesn’t coerce Zelensky into giving him more of what he wants in Ukraine, then there’d be no reason for him to not cut off Russia’s exports to them entirely for catalysing a full-blown crisis.
The EU agreed late last year to end Russian LNG imports by 31 December 2026 and pipeline gas imports by 30 September 2027, with the possibility of extending the deadline till 31 October 2027 in case storage levels are below their required filling levels. This was done because “The US Weaponized Russophobic Paranoia & Energy Geopolitics To Capture Control Of Europe”, ergo why it encouraged this decision so as to then monopolize the bloc’s energy market in tandem with its Qatari ally, another LNG superpower.
Everything changed with the Third Gulf War, which began with joint US-Israeli attacks on Iran and has since seen Iran retaliate against all of the Gulf Kingdoms on the basis that the US infrastructure on their territories is being used in attacks against the Islamic Republic. The Strait of Hormuz is now effectively closed and the Gulf Kingdoms are scaling back energy production due to nearly reaching their storage capacity. Importantly, Qatar is also shutting down its gas liquefication, which will take weeks to restart.
It’s for these reasons that an energy crisis is expected which might surpass the one during COVID and even the 1973 Arab oil embargo in terms of its global disruption. With Gulf oil and gas pretty much out of the picture for now, the only realistic recourse for stabilizing the market is to return Russian resources thereto, which contextualizes why the US just temporarily waived sanctions on India’s purchase of Russian oil. The EU might also ramp up its gas imports from Russia ahead of its self-imposed deadlines.
With the impending global energy crisis in mind, Putin announced last week that he ordered his government to look into the possibility of redirecting European energy exports to Asia since they’re more profitable and won’t soon stop importing Russian energy completely like the EU will. Deputy Prime Minister Alexander Novak then confirmed shortly thereafter that the decision was just made to redirect some (keyword) LNG exports from Europe to friendly countries such as India and China.
The scenario of Russia cutting off gas exports to the EU before the EU cuts off its gas imports from Russia is still on the table, but Putin seems more interested in leveraging this possibility in furtherance of his strategic goals than eschewing such an opportunity just to punish his Western adversaries. To that end, Novak’s confirmation that he decided to redirect some LNG exports from Europe to Asia can be seen as proof of Putin’s intent, but he’s also signalling interest in reconsidering if certain conditions are met.
These are the fulfilment of his goals in Ukraine: Russia’s control over the entirety of the disputed regions, Ukraine’s demilitarization and denazification, the restoration of its constitutional neutrality, and no foreign troops there after the conflict ends. He also wants to begin negotiations on reforming the European security architecture so that it’s less threatening to Russia and is suspected of wanting Zelensky not to run in Ukraine’s next elections. Not all might be achieved, but some likely will, though.
It’s at this moment when the EU is facing an economic crisis caused by the Third Gulf War taking the region’s energy exports offline that the bloc must decide whether it will coerce Zelensky to give Putin at least some of what he wants in exchange for him not redirecting LNG exports from them to Asia. The US might help them with this too so as to maintain the purchasing power of one of its largest markets. If they fail to do so, however, then Putin might finally deal a long-awaited deathblow to the EU economy.
Disclaimer: The views expressed in this article are author’s own and do not necessarily reflect the editorial policy of Voice of East.
#Economy #EU #Europe #EuropeanUnion #Geopolitics #oilProduction #Russia #VladimirPutin
Steel, Rail, And Oil: The Roadmap For A New Era In Russia-Pakistan Ties
Steel, Rail, And Oil: The Roadmap For A New Era In Russia-Pakistan Ties
For as promising as the opportunities that he discussed are, the US still wields a de facto veto over “Major Non-NATO Ally” Pakistan’s cooperation with Russia, so there might be limits to how far this realistically expands despite his optimism.
Russian Ambassador to Pakistan Albert Khorev spoke to TASS in early February on the subject of bilateral ties ahead of Prime Minister Shehbaz Sharif’s visit to Russia from 3-5 March. They didn’t publish his remarks as a single interview, however, but as five separate news items that can be read here, here, here, here, and here. They’ll now be summarized, albeit in a different sequence than they were published in order to more seamlessly facilitate the transition between his points.
Khorev declared Russia’s intent in “moving toward the practical implementation of large-scale joint projects, such as the revival of the Karachi Metallurgical Plant, the launch of rail transport between Russia and Pakistan, cooperation in hydropower, and the creation of joint production facilities for pharmaceuticals, including insulin.” Oil exploration and production are other promising fields, and the completion of work on all this is expected by the next meeting of the intergovernmental commission.
Russia is interested in expanding the scope of cooperation beyond the aforesaid sectors to include “improving transport connectivity, tourism, and information and communications technology.” The current priorities “include contacts in regional security and the fight against international terrorism, as well as coordinating efforts at multilateral forums, primarily the UN and the SCO.” There are also “good prospects for developing ties between the cities and regions of the two countries”.
On the institutional level, Khorev envisages intensifying cooperation with Pakistan in the SCO on anti-terrorism, regional connectivity, logistics, and industry and expanding cooperation to include “digital finance, fintech innovations, and green finance instruments.” He also declared Russia’s support for Pakistan’s bid to join BRICS’ New Development Bank, which he said would bring it closer to the group, though left unmentioned is the high likelihood of India vetoing this due to their well-known tensions.
Reflecting on everything, Khorev is quite upbeat about the state and future of Russian-Pakistani ties, which is natural due to him being the ambassador, but he might be even more optimistic than usual against the backdrop of credible concern that India will reduce its Russian oil imports under US pressure. The Pakistani market can never replace India’s no matter what the export may be, but tangible progress on entering the former could partially compensate for lost access to the latter, though there’s a catch.
“Major Non-NATO Ally” Pakistan voluntarily re-subordinated itself to the US after April 2022’s post-modern coup against former multipolar Prime Minister Imran Khan, and despite its displeasure with the Indo-US trade deal, Pakistan is unlikely to defy the US on any significant deals with Russia. For that reason, the US will likely retain its de facto veto on major aspects of Russian-Pakistani cooperation, which is responsible for why nothing has yet to come from their years-long oil and gas talks.
Nevertheless, Russia will still continue to explore all possible opportunities for cooperating with Pakistan since its diplomatic school doesn’t believe in being the first to abandon such prospects, which is proven by it still keeping the door open to the US and EU in spite of them arming Ukraine to kill Russians. This explains Khorev’s eagerness to expand all economic and other forms of cooperation with Pakistan, and Prime Minister Shehbaz Sharif’s visit to Russia from 3-5 March provides the perfect chance to do so.
Disclaimer: The views expressed in this article are author’s own and do not necessarily reflect the editorial policy of Voice of East.
#BRICS #Economy #India #NATO #oilProduction #Pakistan #Russia #SCO #USA