Category: Middle East

Libya assets unfrozen to pay Vitol $300 million fuel bill

The U.S. planned to release $300 million of frozen Libyan assets today to Geneva-based oil trader Vitol Group for fuel provided to the rebels who ousted Muammar Qaddafi.  More »

Solar Feedstock: Does the Middle East Have What It Takes?

This post was written by Keily Miller, Research Associate at the Baker Institute Energy Forum. Last week’s decision by Evergreen Solar to file for bankruptcy shakes more than just the shareholders. The latest among a surge of bankruptcies and plunges in profits of solar industry heavyweights such as First Solar and SunPower, Evergreen Solar’s rapid […]  More »

Oil firms unsure when they’ll return to Libya

Oil companies with activities in Libya said Monday it is too early to predict how quickly they can return to work in the war-torn nation following the invasion of Tripoli and apparent overthrow of Moammar Gadhafi by rebel forces over the weekend.  More »

America’s Resource Renaissance

American oil industry leadership groups such as the National Petroleum Council and the American Petroleum Institute have been meeting in recent months to fashion new frameworks for the industry to ensure best practices for oil and natural gas drilling. That’s the good news. The bad news is that the task at hand is proving highly […]  More »

‘Too early’ for OPEC to consider oil output cut, IEF says

It’s “too early” for OPEC countries to consider cutting oil output, even as prices tumbled below $100 a barrel this week, according to Noe van Hulst, secretary general of the International Energy Forum.  More »

Syria: To Sanction or Not To Sanction?

This post was written by Keily Miller, Research Associate at the Baker Institute Energy Forum. In response to the ongoing violence plaguing Syrian cities, the Obama administration is toying with a new plan to sanction Syria’s oil and gas industry. The plan rests on two assumptions: first, that sanctioning Syria’s energy industry sector will wreak […]  More »

OPEC cuts oil demand forecast for 2011, 2012 as growth slips

The Organization of Petroleum Exporting Countries cut its oil demand forecasts for 2011 and next year as the global economic recovery loses momentum.  More »

Iraq qualifies 41 companies for energy auction

Iraq has qualified 41 international oil companies to compete in its fourth international exploration licensing round in January.  More »

Iran MP: Nuclear plant’s launch delayed again

An Iranian lawmaker said the country’s first nuclear power plant will not start up by late August as planned and blamed the delay on Russia, which is building the facility, local media reported today.  More »

Jaffe: ‘Saudi Oil Price Mojo Stronger in a Recession’

Iran, Venezuela and Iraq may rue the day that they sent Saudi Arabia home empty handed from the June 8 OPEC meeting.  More »

Blast, followed by fire, hits Iran oil pipeline

An explosion struck an oil pipeline in Iran’s oil-rich southwestern province of Khuzestan early today, triggering a blaze that took firefighters hours to put out, news agencies reported.  More »

Iran names commander on U.S. sanctions list as oil minister

The Iranian parliament approved a Revolutionary Guards commander named on a U.S. sanctions list to be the country’s oil minister, an appointment that may give the military group more influence over energy matters.  More »
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