Russia & Afghanistan Plan To Build Logistics Center For Oil Transit To South Asia
Afghanistan’s acting Industry and Trade Minister Nooruddin Azizi told Reuters that Russia and Afghanistan plan to build a logistics center for oil transit to South Asia, involving Kazakhstan and Turkmenistan, in its northwestern Herat province. Because of tensions with the West, it may be judged strategically unreliable to continue maritime exports to the Indian Ocean […]
West Has Tried To ‘Weaponize’ Russian Oil Says Indian Oil Minister
In an interview, Indian Oil Minister Hardeep Singh Puri said that the West has tried to ‘weaponize’ Russian oil for ideological reasons. On the fringes of India Energy Week on Thursday, Indian Oil Minister Hardeep Singh Puri told RT that his country will keep purchasing Russian oil as long as prices are reasonable. Ever since […]
China Starts Building 15 New Cities In Iraq
China embarks on the construction of 15 new cities in Iraq, with East China Engineering Science and Technology Co., Ltd. and another company securing contracts to build the housing units. According to a Bloomberg story published on December 29, Iraq began construction on 30,000 housing units close to Baghdad on December 29 as part of […]
Russia Takes Control Of Iraq’s Biggest Oil Discovery For 20 Years
After Iraq’s Oil Ministry approved Inpex, the big oil corporation of Japan, to sell its share of Iraq’s biggest oil discovery, ‘Block 10’, Russia is set to take control of it for 20 years. Iraq’s Eridu oil field is estimated to have reserves of seven to ten billion barrels based on preliminary estimations. Speaking exclusively […]
Which Country Consumes The Most Oil?
Although the use of renewable energy in making electricity has been steadily increasing in recent years, oil remains the most crucial energy source globally, especially for transportation and heating. According to a report by the International Energy Agency (IEA), 29% of the world’s energy will come from oil in 2020, as noted by Statista’s Florian […]
Venezuela’s Secret Weapon: A “Dark Fleet” Of Oil Tankers
According to a Reuters investigation, Venezuela’s secret weapon might be a “dark fleet” of oil tankers. The country’s national oil company, PDVSA, had reportedly leased 41 tankers in 2022. Dark fleet is a term used to describe the assortment of tanker vessels which conceal their locations so as to enable the transportation of illicit cargoes of […]
The 10 Most Influential Figures In The History Of Oil
The History of Oil One of the most important relationships was influenced the most by these 10 influential figures.
India Rejects US, EU Calls To Boycott Russian Oil
In a recent interview with the Associated Press, Treasury Deputy Secretary Wally Adeyemo acknowledged that India will continue rejecting US and EU calls to boycott Russian oil due to the allure of cheap oil.
Russia Has Become India’s Second Largest Oil Supplier
With oil and energy becoming a major source of worry for billions of people as 2022 drags on, India has positioned itself in quite a nice situation. This is predicated on the fact that Russia has become India’s second largest oil supplier.
Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales Instead Of Dollars
The dynamic between the US and Saudi Arabia seems to be dramatically changing. The petrodollar is showing cracks in what seemed to be an impregnable fortress as Saudi Arabia is now considering accepting the Yuan for Chinese oil sales instead of the dollar.