Global political risk (pdf) ISIS Oil Trade Full Frontal: "Raqqa's Rockefellers", Bilal Erdogan, KRG Crude, And The Israel Connection. "Effectively, we have been financially discriminated against for a long time. By early 2014, when we did not receive the budget, we decided we need to start thinking about independent oil sales” -- Ashti Hawrami, Kurdistan’s minister for natural resources In June of 2014, the SCF Altai (an oil tanker) arrived at Ashkelon port. Hours later, the first shipment of Kurdish pipeline oil was being unloaded in Israel. “Securing the first sale of oil from its independent pipeline is crucial for the Kurdish Regional Government (KRG) as it seeks greater financial independence from war-torn Iraq,” Reuters noted at the time, adding that “the new export route to the Turkish port of Ceyhan, designed to bypass Baghdad's federal pipeline system, has created a bitter dispute over oil sale rights between the central government and the Kurds.”
A week earlier, the SCF Altai received the Kurdish oil in a ship-to-ship transfer from the The United Emblem off the coast of Malta. You get the idea. Ceyhan Ashdod. Damascus wants Russia to develop Syrian oil — RT Business. Syrian authorities are hoping Russian companies will develop the country's offshore oil deposits, said Syrian Foreign Minister Walid Muallem during a meeting with Russian Deputy Prime Minister Dmitry Rogozin. "We have data that oil and gas deposits on a shelf off the coast of Syria have enormous potential. And we hope to see not only Russian warships in Syria, but also platforms for extracting oil,” Muallem said on Thursday. He added that one Russian firm has already signed a contract and Damascus is waiting for other companies will follow suit. Syria is ready to offer Russian companies “all possible incentives.” According to Muallem, Baniyas city in the Tartous Governorate has one of the biggest oil reserves in the Mediterranean region. Russia is considered to be one of the closest allies of Syrian President Bashar Assad’s government.
READ MORE: Syrians want Russian business help to rebuild country – Assad. Syria oil map: the journey of a barrel of Isis oil. Kurdistan Regional Government Isis controls most of Syria’s oil fields and crude is the militant group's biggest single source of revenue. Here we follow the progress of a barrel of oil from extraction to end user to see how the Isis production system works, who is making money from it, and why it is proving so challenging to disrupt. By Erika Solomon, Robin Kwong and Steven Bernard•October 14, 2015 Where the oil is extracted Isis’s main oil producing region is in Syria’s eastern Deir Ezzor province, where production is somewhere between 34,000 to 40,000 barrels a day, according to locals. It is difficult to determine a definitive oil production figure for Isis-controlled areas. The price of the oil depends on its quality. Selling crude oil The group sells most of its crude directly to independent traders at the oil fields.
Oil refineries Traders have several options after they pick up their cargo: Most traders prefer to sell the oil on immediately and return to queue at the fields. Mosul Boat. Dear GOP, you really want to hurt ISIS? Get out of Big Oil's pocket. Of course, none of this is particularly controversial. We’ve known for over a decade the insidious role of petroleum money in the funding of terror networks, including from supposed allies like Saudi Arabia. What is surprising about all of this is how resistant conservatives are to drying up this source of terrorist money. These are the people who have worked tirelessly to dry up liberal funding sources like labor unions and trial lawyers, yet when it comes to terrorism, they are working side-by-side to ensure the supremacy of Big Oil.
But instead of doing ISIS’ bidding by keeping out Syrian widows and orphans, why not strike a blow against their biggest funding apparatus? The US could help fuel a global shift away from fossil fuels by more aggressively supporting renewable energy sources, helping develop and popularize new technologies, thus increasing economies of scale and lowering prices. So quitting their overt hostility toward renewable energy is too much to ask. Mysterious Middleman: Who is Buying ISIS's Crude and Dropping Oil Prices? Who is the commodity trader buying ISIS's crude? And is the sharp oil price fall the result of the Islamic State's successful oil trade, Tyler Durden asks. Incredibly, it has taken over a year for the US-led anti-ISIS coalition to recognize that the Islamic State's funding is significantly dependent on crude, extracted by ISIS from captured oil wells, anonymous analyst for the financial website Zero Hedge Tyler Durden underscores.
"Still, without a doubt, the dominant source of funds for the terrorists is oil, and not just oil, but a well-greased logistical machine that keeps thousands of barrels moving from unknown pumps to even refineries, and ultimately to smugglers who operated out of Turkey and other countries," Durden wrote in his recent piece. But what is even more curious, is that Pentagon officials admitted that for more than a year they deliberately avoided targeting tanker trucks under the pretext of possible civilian casualties. Source: Sputnik. Can Russia Withstand The Saudi Onslaught In The European Oil Market? | Seeking Alpha.
Saudis intensify battle for European markets with Russia as its biggest competitor. Lower oil prices and a weaker ruble could wreak havoc on Rosneft’s debt obligations. Rosneft and the Russia government have reason to feel anxious: Rosneft would face the prospect of a protracted battle over market share in Europe with a lower-cost producer. By Dalan McEndree Is Saudi determination to continue to defend its global crude market share and to let market forces determine crude prices finally unnerving Russia in general and Rosneft (OTC:RNFTF) CEO Igor Sechin in particular? Toward the end of October, the Saudis began competing with Russia over market share in Europe. They inked an agreement with PKN Orlen SA, Poland's leading refiner, to supply crude. Up until this point, the Russian government and Russian producers had reacted with equanimity to the Saudi decision in November 2014 to defend market share and let market forces determine prices.
Low Oil Prices Could Bankrupt OPEC in 5 Years -- but Crush Rest of World in 3. Would you be happy to see the Saudis going broke? A lot of people would, seeing the swoon in oil prices as a premeditated plot from the No. 1 OPEC producer. Recent articles have crowed about the "suicidal" Saudis, who while glutting the oil market and forcing prices lower, will have run through their almost half a trillion dollars of surplus cash if oil prices remained under $50 a barrel for the next five years. I've got news for you -- the Saudis won't be one of the first to go, should oil stay low. They'd be one of the last. There are a lot of oil-producing countries that rely upon oil revenue to balance their budgets.
This chart shows some of the nations that are dependent upon oil revenues. Three countries besides Saudi Arabia leap out at you as even more at risk from a low, very long-term price for oil: Iran, Venezuela and Russia. Must Read: Russia's Reserve Funds Could Run Out by Next Year And that's nothing to root for. Putin: Assad Would "Accept" Snap Elections To Avoid "Total Chaos" Overnight, we brought you the latest on the “friggin mess” (to quote the Pentagon) that is Syria, where Bashar al-Assad is desperately clinging to power while his depleted army fights a three-front war against a dizzying array of “freedom fighters”, jihadists, former CIA strategic assets, current CIA strategic assets, the Kurds, and god only knows who else. The Assad regime is (literally) surrounded by hostile states who are angling for his ouster and if you had any lingering doubts about why it is that everyone wants Syria’s strongman gone, look no further than this map: Note the purple line which traces the proposed Qatar-Turkey natural gas pipeline and note that all of the countries highlighted in red are part of a new coalition hastily put together after Turkey finally (in exchange for NATO’s acquiescence on Erdogan’s politically-motivated war with the PKK) agreed to allow the US to fly combat missions against ISIS targets from Incirlik.
His Town - The Huffington Post. Ryan Grim and Akbar Shahid Ahmed By Ryan Grim and Akbar Shahid Ahmed Last September, as Islamic State militants rampaged through Syria and Iraq, the Pentagon hosted a top-secret meeting to debate strategy. At the invitation of the Defense Policy Board, which advises the secretary of defense, a small group of foreign policy eminences, including former National Security Advisor Zbigniew Brzezinski, former Secretary of State Madeleine Albright and former ambassador to Iraq Ryan Crocker, gathered in a conference room in the E-ring of the building. The assembled experts were trying to make sense of a Middle East in greater turmoil than it had been since World War I. And so the group assembled at the Pentagon played out multiple scenarios and weighed policy options that ranged from awful to slightly-less-awful.
But Otaiba was prepared to help the U.S with its predicament. In just a few years, Otaiba has acquired an extraordinary influence in the capital. "Who's the new person in town? Russia wants to build a massive superhighway that would make it possible to drive from the UK to the US. Flickr/Boccaccio1The Trans-Siberia Railway. A report by the Siberian Times has detailed one of Russia's more outlandish schemes to date: a super motorway that would connect the eastern border of Russia with Alaska in the United States.
The highway would make it possible to drive from the United Kingdom to the US, with help from bridges, tunnels, and trains. The plan, unveiled at a meeting at the Russian Academy of Science and presented by the head of Russia Rail Vladimir Yakunin, also calls for a high-speed railway to be built alongside the motorway. Both routes would support new cities and industries created as a result of the construction, the Siberian Times writes. The development is called the Trans-Eurasian belt Development (TEPR). Here's our rough interpretation of the route. Google Maps Alongside the train track and road, pipelines for oil and gas and new electricity and water supply lines would be put in place. Here's the Trans-Siberian railway: Trans-Siberian Travel.
Ласточка на рельсах. Практически незамеченной прошла очень важная новость. Первый контейнерный поезд прибыл из Китая в Нидерланды. Маршрут поезда проходил по территории России и Белоруссии, потом поезд сузил колёса и въехал в Польшу, а далее через Европу достиг границ страны тюльпанов. Маршрут станет регулярным, на август и сентябрь запланировано ещё несколько рейсов. Каждый поезд везёт по 80 контейнеров, таким образом, за год поезд перевезёт столько же грузов, сколько перевозит за один рейс средних размеров корабль-контейнеровоз. Казалось бы, это немного… но только на первый взгляд.
Повторюсь, значение этой новости сложно переоценить. Большая политика на нашей планете жёстко завязана на торговлю, а торговля, в свою очередь, не менее жёстко завязана на торговые маршруты. Мировые державы принято условно делить на морские (талассократия) и сухопутные (теллурократия). Примеры типичных теллурократий — Россия, Германия и Китай. Посмотрим теперь на карту мира. Центральным узлом станет тогда Россия. Олег Макаренко. Chart of Russia's militarization of Arctic - Business Insider. Нефтяная компания ExxonMobil закрывает представительство в Украине - Экономика.
В Украине закрывается представительство американской нефтяной компании ExxonMobil - ExxonMobil Exploration and Production Ukraine. Об этом сообщили в пресс-службе компании. "Указанное выше не касается других представительств компании ExxonMobil в Украине", - говорится в сообщении. В компании отметили, что на соответствующее решение, принятое советом директоров 3 августа, повлияла аннексия АР Крыма Россией. Так, в июне прошлого года посол США в Украине Джеффри Пайетт в сообщил, что американская ExxonMobil отказалась от планов разработки крымского шельфа Черного моря.
Как сообщалось, Украина в 2012 г. провела конкурс на заключение соглашения о распределении продукции (СРП) по Скифскому участку на шельфе Черного моря, его победителем в августе стал консорциум во главе с ExxonMobil Exploration and Production Ukraine b.v. (40 %, оператор), Shell (35 %), австрийской OMV в лице румынской "дочки" Petrom (15 %) и НАК "Надра Украины" (10 %). Putin’s Energy Diplomacy is Getting the Cold Shoulder.
Russian President Vladimir Putin has been trying his own pivot to Asia, hoping that his country’s vast natural gas holdings could cement a new relationship with China while making it easier to bypass his quarrelsome neighbors in Europe. Unfortunately for the Russian strongman, things aren’t going so well. Over the past year alone, Putin has inked a massive, $400 billion natural gas deal and a strategic partnership with Beijing. Russia also hoped to build a second Siberian pipeline to China that could give Moscow the ability to play off European energy customers against those in Asia. Putin also doubled down on Europe: When European Union officials blocked one $40 billion gas pipeline across the Black Sea, he simply dreamed up a new one through Turkey. That could be his key to finally bypassing troublesome Ukraine as a transit country for natural gas, tightening control over energy exports to Europe, and showering largesse on friends and allies.
“Putin’s energy strategy is in shambles. "Greece Is No One's Hostage": Leftist Energy Minister Lays Out €2 Billion Russian Gas Project | Zero Hedge. The prospect of a so-called “Russian pivot” by Greece still hangs over Angela Merkel’s head. The conflict in Ukraine and the attendant economic sanctions imposed on the Kremlin combined with the EU’s anti-trust proceedings against Gazprom have raised the geopolitical stakes of a Grexit. Merkel has repeatedly warned that the consequences of Greece exiting the eurozone go far beyond short-term financial turmoil and political contagion (e.g. the spread of the Syriza “germ”).
And Vladimir Putin is acutely aware of the opportunity. "Just because Greece is debt-ridden, this does not mean it is bound hand and foot, and has no independent foreign policy,” Putin said earlier this year, as tensions between Athens and Brussels intensified. The prospect of a BRICS loan aside, any Russian aid to Greece will likely be connected to Gazprom’s Turkish Stream pipeline project which we’ve discussed in great detail in the past. "Greece is no-one's hostage. Your rating: None Average: 5 (1 vote) The new Silk Road will underpin the next commodity supercycle. Remember the great commodities bull market of the 2000s? Oil began it at $10 a barrel, iron ore at $10 a ton, and copper at 60 cents a pound. Gold was $250 an ounce and wheat $2.50 a bushel. Some ten or so years later, oil was $147 a barrel, iron ore $180 a ton and copper $4.65 a pound. Gold was $1,920 an ounce and wheat reached $13.50 a bushel.
It was one heck of a bull market. But that will be nothing compared to the next one. The two themes behind the last bull market Bull markets need a narrative. First, lack of supply. Low prices and lack of profit meant there was chronic underinvestment in the sector. That was the backdrop. The second theme was the emerging market story – China in particular. This led to the mother of all infrastructure spending booms – and the so-called ‘insatiable Chinese appetite for raw materials’ story. We might not have reached the end of the bear market Then we got the bust.
Chart-wise, they’re all in pretty clear downtrends, and could fall further. Ъ - Натаниэль Ротшильд разочаровался в индонезийском угле. Saudi Arabia Takes Out Its Energy Weapon. Dr. Strange-oil. Shell Oil’s Cold Calculations for a Warming World. The shale boom is over, and oil companies have just one thing left to do. It's complicated: The US, Venezuela, and China's crude oil relationship | Capitol Crude: The US Oil Policy Podcast. Oil's Well in Central Asia.
It's complicated: The US, Venezuela, and China's crude oil relationship | Capitol Crude: The US Oil Policy Podcast. China buys 5 percent of Ukraine's land. U.S. faces meager options for further Russia energy sanctions. US Foreign Policy In One Photo. China slams the Philippines for taking journalists to disputed island - Business Insider.
Gazprom, Ankara agree to start gas deliveries via Turkish Stream in December 2016 — RT Business. Putin Warns of Restricting Natural Gas Supply to Ukraine. Putin-warns-of-restricting-natural-gas-supply-to-ukraine. Gazprom’s Ties to Putin Could Help It Try to Escape the EU’s Wrath. US to launch blitz of gas exports, eyes global energy dominance - Telegraph. Why are global oil prices dropping? Vladimir Putin has a theory. Yemen and unintended Consequences — Oil's New Battleground. China's secret gold stockpile may be the world's 2nd biggest. A twist in the pipeline Hungary and Greece join Turkey in a new route for Russian gas. Saudi Arabia is setting the world up for a major oil shock. Oil shock morphs into global monetary shock – again | Gavyn Davies.
Russia Frees Itself From Oil's Curse. Here’s how Iran could prevent a rebound in oil prices. World's eight oil chokepoints. Russia oil and gas. Sorry Ukraine, You Still Need Russian Gas. These 8 narrow chokepoints are critical to the world's oil trade. Ukraine situation opportunity for U.S. energy producers | Futures Magazine. The myth of Russia’s energy strength. Iran Nuclear Deal Massive Blow To Crude Oil Prices. How the US government made $200 million on an oil trade.