Foreign Policy Blogs

Energy

The Five Oil Exporters Most Affected by Currency Devaluation

The Five Oil Exporters Most Affected by Currency Devaluation

Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolívar, or the Russian rouble, low oil prices are wreaking havoc in oil exporting economies and on their national currencies.

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A Public Private Partnership for Iran’s New Petroleum Contract?

A Public Private Partnership for Iran’s New Petroleum Contract?

Can public private partnership provide a solution for the financing of energy infrastructure projects, at a time when Iran is facing declining revenues as a result of years of crippling sanctions?

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From oil to nuclear energy: a Lausanne Accord between Iran and the P5+1

From oil to nuclear energy: a Lausanne Accord between Iran and the P5+1

U.S. Secretary of State John Kerry and his Iranian counterpart Mohammad Javad Zarif will meet again on March 15 in Lausanne for the final stretch of international negotiations on the Iranian nuclear program.

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Assessing OPEC’s (Saudi) Strategy to Counter the Oil Price Slump

Assessing OPEC’s (Saudi) Strategy to Counter the Oil Price Slump

After a near six year low, crude oil prices are finally starting to bounce back. According to Saudi Arabia’s oil minister, the bounce in oil prices is a result of oil demand growth, which has helped create some much-needed calm in the market.

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Africa’s Largest Wind Farm

Africa’s Largest Wind Farm

After eight years of planning, funds have become available for the planned 310 megawatt (MW) Lake Turkana wind farm project estimated to cost $775 million – the largest private investment in Kenya’s history.

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The Continuing Losing Hand

The Continuing Losing Hand

The tragic outbreak of Ebola in Liberia that has killed at least 1,800 people has only added another debilitating layer on top of a slew of other concerns the government and its citizens are trying to overcome, especially years of civil war that ravaged the nation.

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First move toward completely renewable energy system

First move toward completely renewable energy system

Most people have never heard of El Hierro, westernmost of the Spanish-controlled Canary Islands off the coast of Africa. But this tiny outpost, population 10,000, may well become a model for larger communities and countries seeking energy independence.

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Mexico’s Energy Reforms

Mexico’s Energy Reforms

Eight months after constitutional amendments were introduced to reform Mexico’s oil and gas, and electricity sectors, Mexican President Enrique Pena Nieto took a historic step and signed energy reform bills passed by the Congress of the Union into law.

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South Africa’s Innovative Energy Policy

South Africa’s Innovative Energy Policy

South Africa is leading the charge of developing renewable energy in sub-Saharan Africa in part due to policy that provides a conducive investment environment to entice developers to investigate projects within the nation. As load shedding is a too frequent event, the nation is adding new options to its energy …

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China Reaches the Equivalent of Peak U.S. Energy Imports Dependence

China Reaches the Equivalent of Peak U.S. Energy Imports Dependence

There are 1.3 billion people in China. That is more than 18 percent of the world’s population. Urbanization, city sprawl and greater demand for mobility are all challenges high up in the Chinese growth agenda. The common denominator to all these factors is the upward pressure they put on the …

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Iraq’s Oil Split

Iraq’s Oil Split

 
It is not breaking news that Iraq sits atop vast amounts of oil. The country has the fifth largest proven crude oil reserves globally with an estimated 140 billion barrels. (For comparison: Iran, fourth globally, has an estimated 150 billion barrels, and Kuwait, sixth globally, has about 104 billion barrels …

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Energy: The tie that binds Beijing and Moscow

Energy: The tie that binds Beijing and Moscow

Russia and China last month agreed to a landmark natural gas deal nearly a decade in the making that will put the two in partnership for the next 30 years.
Russia’s energy giant, Gazprom, and the China National Petroleum Corp. signed the much-anticipated $400 billion natural gas deal on May …

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Cyprus: How to kill two birds with one stone

Cyprus: How to kill two birds with one stone

Is a solution to the ongoing, four-decade long Cypriot crisis finally at hand? Judging by the insinuated words of Joe Biden during his recent visit to the divided island, so it may seem. It is no happenstance that the second time a U.S. vice president visits Cyprus after Lyndon …

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Israel has something its neighbors might want

Israel has something its neighbors might want

Two large natural gas deposits off Israel’s coast hold the potential to bring warmer relations between the Jewish state and its Muslim neighbors, even Palestinians despite faltering political talks.
Thanks to these natural gas fields—the Leviathan and the Tamar—Israel is expected to become a significant natural gas exporter over the …

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The Political Economy of Oil Income in Iran

The Political Economy of Oil Income in Iran

Editor’s Note:
The following is a contributing guest piece.
Saeed Ghasseminejad is the cofounder of the Iranian Liberal students and Graduates (ILSG) and the International Center for Liberalism Studies (ICLS). His work on economy and politics of Iran and the Middle East and has been published in CNBC, The Weekly Standard, National …

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