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Tag Archives: Oil

Maersk Oil, partners to invest $3.4b in North Sea gas

Danish conglomerate AP Moller-Maersk said on Friday it will invest 21 billion kroner ($3.4 billion, Dh12 billion) together with British-Dutch oil producer Shell, among others, to redevelop and extend the production life cycle of Denmark’s largest gasfield in the North Sea. Maersk, whose oil company is being taken over by …

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Saudi Arabia to begin uranium extraction as kingdom seeks self-sufficient nuclear programme

Saudi Arabia plans to extract uranium domestically as part of its nuclear power programme and sees this as a step towards “self-sufficiency” in producing atomic fuel, a senior official said on Monday. Extracting its own uranium also makes sense from an economic point of view, said Hashim bin Abdullah Yamani, head of the Saudi government agency tasked …

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American sanctions: A war strategy

By Sara Safa “International sanctions” is a new term in international politics and a new strategy or political instrument that came more operational in the early 1970’s after US withdrawal from the Vietnam war amid several challenges and a real economic pressure that the US had to face especially after …

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Isis seeks manager for ailing oil plant

THE LEVANT – For one daring and zealous oilman, the jihadists of Islamic State are offering the job opportunity of a lifetime. After a string of fatal accidents at Iraqi oilfields seized by Isis in June, the Islamists are seeking a manager to run their refineries and arrest the slump …

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The UN Strikes Back at ISIL’s Black Economy

THE LEVANT – By Luay Al Khatheeb – The United Nation Security Council dramatically escalated the conflict with the Islamic State of Iraq and Levant (ISIL), Al Nusra Front (JNF) and other Al Qaeda splinter groups by passing UN Resolution 2170 in August 2014, thereby expanding the range of retaliatory measures (short …

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Turkey trades northern Iraq’s oil

THE LEVANT – A seventh tanker filled with northern Iraqi oil has departed from the southeastern Turkish port of Ceyhan, Turkish Energy Minister Taner Yildiz announced on Monday. This brings the number of barrels of oil transferred via pipelines from Iraq to Turkey to 7.8 million. Relations between Irbil and Baghdad …

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