Filed under: Uncategorized | Tags: civil war, Exxon Iraq, Iraqi oil production, kurdistan, Maliki, Turkey, West Qurna, West Qurna-1, West Qurna-2
The move by Exxon to quit the West Qurna-1 oilfield in south Iraq will exacerbate tensions between Baghdad and the autonomous Iraqi Kurdistan region, where Exxon has signed oil deals seen as more lucrative but dismissed by the central government as illegal.
Kurdistan has upset Baghdad by signing oil deals with foreign companies including Exxon, Chevron and Total . Kurdish officials say they have the constitutional right to do so, but the central government says only it controls oil policy.
via UPDATE 3-Iraq says Exxon to quit oilfield, ends Turkey TPAO deal | Reuters.
Filed under: Uncategorized | Tags: crude oil, EIA, energy, Iran oil production, Iraq, middle-east, oil production, oil supply, peak oil, Peak Oil is dead, pipeline problems, Turkey
A new fire in the North Sea; blowout in Russia; hacking in Iran; pipeline problems in Turkey; accelerated violence in South Sudan… What I miss?
Filed under: Uncategorized | Tags: crude imports, Iran, Iran oil exports, Iran oil trade, Iran sanctions, Japan oil imports, Korea oil imports, OECD, OPEC, South Korea, Taner Yildiz, Turkey, unilateral sanctions
As South Korea buys more…
In contrast to Japan, South Korea, the world’s fifth-largest oil importer, increased its imports from Iran in 2011 by 20 percent. It’s refiners have signed deals to import a little more crude again from Iran in 2012.
South Africa’s energy minister said last week he hoped to have a plan by the end of May for replacing Iran supplies, which currently make up a quarter of its crude imports.
But reflecting a problem for several countries, Turkey’s energy minister, Taner Yildiz, told reporters on Wednesday the country could not stop buying Iran crude unless alternative oil sources were found.
via U.S. exempts 11 countries from Iran sanctions; China, India exposed – chicagotribune.com.
Filed under: Uncategorized | Tags: China, energy, Iran, Iran sanctions, Japan, oil imports, oil trade, Turkey
My sense is that Iran and China can work things out without “the international financial system.” Curious policy from the U.S. now, could work very much in China’s favor.
U.S allies like Japan appear to support the sanctions by “reducing” their oil imports from Iran by some unknown amount.
Filed under: maps, Uncategorized | Tags: Anbar, energy, Israel, Kirkuk, kurdistan, Mosul, oil, oil production, pipelines, supply lines, Turkey
…may be impossible.
From a very interesting article on the potential of oil production from Iraqi Kurdistan at the Oil Drum.
There’s a lot to consider on this map.
Filed under: Uncategorized | Tags: China, EU, Iran, Japan, oil exports, OPEC, production, Turkey
From http://www.eia.gov/cabs/iran/Full.html
If the EU stops buying oil from Iran, that would seem to benefit China, Turkey and Japan.
