Archives Energy resources - Page 14 of 14 - New Eastern Outlook

In the areas of fuel and energy, Saudi Arabia follows a path independent from the United States. Recent anti-Russian sanctions and their secondary and tertiary consequences on the “daredevils” who continue to trade with Russia have caused the world economy to experience extreme instability. In the current environment, few players have been able to adapt to the dramatically changing new reality, but some can definitely be taken as an example. We are talking about the Kingdom of Saudi Arabia, which has shown itself to be unusually agile and flexible on the international stage. At the June 2023 OPEC+ meeting, Riyadh announced a production cut…

Following the undermining of Russian gas pipelines Nord Stream 1 and 2 in the Baltic Sea by Western special services at the end of September 2022, Russian President Vladimir Putin, speaking at the Russian Energy Week forum in Moscow on October 12, 2022, proposed to depoliticize the issue of gas trade and create a “major gas hub” on the territory of Turkey. Moscow plans to redirect the main gas export flows through Turkey to third countries (including the EU). This topic has caught the attention of world actors and provided the same Turkey with new horizons for energy development. The Russian leader’s initiative also came as a surprise…

Due to the fact that oil is always a geopolitical factor, history over the last century demonstrates that there is no such thing as little oil. Many new conflicts have occurred commencing from the beginning of the 20th century as a result of oil. And today, oil still plays a solely geopolitical role in the conflict between the parties, with the ability to rekindle both small-scale and major wars. One of the few nations with significant oil reserves is Iran. Iran is the third-largest oil producer in the world, with reserves that account for 13.5% of global oil reserves. Ahvaz, Marun, Aghajari, Gachsaran, Karanj, Bangestan…