Archives Energy resources - Page 15 of 15 - New Eastern Outlook

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…

“The OPEC+ decision has purely economic motives,” “Oil prices and voluntary production cuts,” “When OPEC is used as a boogeyman.” These and similar headlines are used by the Middle Eastern media commenting on the agreement of the OPEC+ countries at the beginning of April this year to voluntarily cut oil production by 1.66 million BPD by the end of 2023. Local authors from Algeria to the Sultanate of Oman try to give a picture of the real situation in the “black gold” markets, explain the motives of this cartel decision and polemic with the Western analysts.  The latter, in particular, argue that the time for the…