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 […]
India’s Oil Supply From Russia Threatened By New U.S. Sanctions
The new U.S. sanctions imposed on Russia in reaction to the passing of opposition leader and anticorruption crusader Alexey Navalny are threatening India’s oil supply from Russia. According to industry sources in India who spoke to Reuters, Indian refiners are worried that the most recent sanctions imposed by the United States against Russia may make […]
Iraqi Parliament Calling To Ditch US Dollar For Oil Trade
The Finance Committee of the Iraqi Parliament stated that they are calling to ditch the US dollar for oil trade. To thwart US sanctions on the Iraqi banking system, the Finance Committee of the Iraqi parliament started on January 31st, urging the sale of oil in currencies other than the US dollar. “The US Treasury […]