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Archive for September, 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

Social Setbacks as Big Oil Expands Pipelines

Predominantly foreign male workers who relocated to build massive oil and gas projects, combined with feeble gender policies, have brought prostitution, human trafficking, poverty, HIV/AIDS and greater burdens for local communities around those projects, new research finds.

This array of problems was found at two of the world's largest pipeline projects, the 3.2-billion-dollar Baku-Tbilisi-Ceyhan (BTC) and [...]

Friday, September 29th, 2006

Ecology watchdog: Sakhalin Energy violated pipeline route plan

A stretch of a pipeline in the Sakhalin II energy project has been illegally laid through the territory of a national preserve, Russia's environmental watchdog said Friday.
Oleg Mitvol, the deputy head of the Federal Service for the Oversight of Natural Resources, who is currently leading a probe into the project on the island of Sakhalin, [...]

Friday, September 29th, 2006

Russian Official Demands Shutdown of Sakhalin-2 Pipeline Project

Deputy head of Russia's environmental watchdog Rosprirodnadzor Oleg Mitvol said on Thursday, Sept. 28, that construction of gas pipeline within the framework of Sakhalin-2 oil and gas projects in Russia's Far East must be stopped.

"Further work to build the Sakhalin-2 pipeline as it has been done to date is inadmissible," Mitvol said, quoted by RIA [...]

Friday, September 29th, 2006

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