Special to WorldTribune.com LONDON — A Western energy major has ended a natural gas project in Saudi Arabia. Royal Dutch Shell said it was withdrawing from the Saudi gas project in Kidan, located in the so-called Empty Quarter. Shell, the fourth Western company to abandon Kidan, did not cite a reason. “Shell has decided to […]
Special to WorldTribune.com BAGHDAD — A Western energy major has begun exporting crude oil from a southern Iraqi field. Royal Dutch Shell reported the export of its first shipment from Iraq’s Majnoun field under a 20-year contract. Shell said Majnoun, operated with Iraq’s state-owned South Oil, represented one of the largest oil fields in the […]
Special to WorldTribune.com ABU DHABI — Kuwait has entered the European energy market. The state-owned Kuwait Petroleum International has reached an agreement to purchase a key division of Royal Dutch Shell. Under the agreement, estimated at 500 million euro, KPI would acquire Italy’s retail fuel sector of Shell, which included at least 830 gasoline stations, […]
Special to WorldTribune.com LONDON — Iraq, a leading ally of neighboring Iran, plans to challenge Saudi Arabia’s dominance of the global energy market. Officials and analysts said the Shi’ite government of Iraqi Prime Minister Nouri Al Maliki was working to triple crude oil capacity by 2020 in an effort to end Riyad’s role in the […]
Special to WorldTribune.com NICOSIA — Iran has restored efforts for Western development of its largest natural gas field. Officials said the Iranian Oil Ministry was wooing Western energy majors to return to South Pars, the world’s largest gas field. They said the Iranian nuclear agreement signed with P5+1 has sparked renewed interest by Western contractors […]
Special to WorldTribune.com NICOSIA — Iran, relieved of some sanctions, has been wooing Western energy majors. Officials said the Oil Ministry was in contact with seven Western oil companies to renew operations in Iran. The companies were identified as Britain’s BP, the U.S. ExxonMobil and Conoco Phillips, France’s Total, Royal Dutch Shell, Italy’s ENI and […]
Special to WorldTribune.com LONDON — A Western energy major has temporarily shut down its offices in Egypt. Royal Dutch Shell, the leading energy firm in Europe, said it temporarily closed its offices in Egypt. Shell also said it restricted travel by its executives amid the Islamist revolt. “To ensure the safety and security of our […]
Special to WorldTribune.com BAGHDAD — Iraq, despite huge reserves, has seen a loss of interest by Western energy majors. Industry sources said Western contractors have reduced their activity in Iraq while focusing on other areas, including the autonomous Kurdistan in the north. The sources cited rampant corruption as well the insurgency war, factors that the […]
Sol W. Sanders President Barack Obama has launched new international diplomatic poker with “a trailing hand”. It is impossible to exaggerate the forces at play, economic as well as political, foreign and domestic, and their interplay. When he signed Dec. 31st the latest Iran provisos, Mr. Obama was handed new clout to cut Iran’s energy […]