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Archive for September 30th, 2006

Oil weapon: It’s time for a long, hard look at Russia

A global economic challenge has been presented by Russia, driven by energy markets and threatening to distort the foundations of international trade.
This challenge to the world follows grand-scale state theft and the subjugation of the rule of law in Russia. It is based on a flawed meta-narrative avowing that Russia is a victim: The West [...]

Saturday, September 30th, 2006

ONGC offers Nov Sokol crude in first tender

Oil and Natural Gas Corp. (ONGC) has issued its first tender to sell Sokol crude oil from Russia's Sakhalin-1 oilfield for loading in November, tender documents showed on Friday.
The state-run oil company, which has a 20 percent stake in the Exxon Mobil Corp.-led Sakhalin-1 field, has offered 700,000 barrels for Nov. 20 loading from the [...]

Saturday, September 30th, 2006

Russia’s economic roulette

Japanese government compiled in May an energy policy outline titled "New National Energy Strategy," with the aim of increasing its ratio of independent oil development. However, its plan has already taken a battering thanks to a unilateral Russian ruling.
The Russian Natural Resources Ministry has decided to cancel the permit for the Sakhalin-2 natural gas development [...]

Saturday, September 30th, 2006

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