Iran’s Newest Escape Route To Key Asian Oil Markets

In a remarkably prescient move just after the implementation of the nuclear deal with Iran at the beginning of 2016, China signed a massive land lease agreement to establish a huge industrial park in Duqm, which would include a number of multi-billion dollar investments, including the Duqm oil refinery. According to the Duqm Refinery and Petrochemical Industries’ chief executive officer, Salem al Huthaili, last week, the US$6 billion Duqm Refinery Project is now more than 25% complete and progress is fast. Overtly, this would allow China…

Source: Oilprice.com

Global Energy Advisory – 31st July 2019

Eni’s Problems in Nigeria Aren’t As Big As They Seem Yes, Nigeria’s state oil firm (NNPC) has admitted that it stopped making payments sto Eni three months ago; and yes, the NNPC is planning to let some of Eni’s oil licenses expire and taken them over itself. Should shareholders be concerned? No, and here’s why, according to our experts on the ground: The licenses aren’t core, and the spending issues are par for the course for this type of JV set-up. On July 24, the NNPC’s newly appointed Group Managing…

Source: Oilprice.com

Noble, Delek Mull Over New LNG Terminal

Noble Energy and Delek Drilling, the operators of the Leviathan offshore gas field in Israel, may add a floating LNG export terminal to their project if it proved commercially viable, S&P Global Platts reports, quoting the Israeli company. "Liquefying the natural gas from Leviathan will enable us to transport it worldwide, thus reaching new export markets, mainly in Europe and in Asia," Delek Drilling’s chief executive Yossi Abu. If the partners decide to go ahead with a floating LNG facility, this would add to growing LNG export capacity…

Source: Oilprice.com

Ministers set to discuss timing of carbon tax legal challenges during meeting

Ministers set to discuss timing of carbon tax legal challenges during meeting

Ministers set to discuss timing of carbon tax legal challenges during meeting

SASKATOON - Attorneys general from Alberta and Ontario say they will discuss the timeline of the different legal challenges launched against the federal carbon tax when they meet in Saskatoon today. The two justice ministers will be joined by their legal teams and their counterparts from New

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