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Tag Archives: petroleum

India Continues Building Trade Ties With Africa

India Continues Building Trade Ties With Africa

India’s external trade has grown significantly with the continent across the Indian Ocean. There are many similarities the regions share in both challenges and opportunities, and plans are evolving to strengthen partnerships.

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Conservative victory in Norway: What does it mean for the Arctic?

Conservative victory in Norway: What does it mean for the Arctic?

In Norway’s elections on Monday, the Conservative party (Høyre) won the most seats, sweeping Labour Prime Minister Jens Stoltenberg from power after eight years. The Conservatives, however, did not win enough seats to form a majority government. As such, headed by new Prime Minister Erna Solberg, they will likely ally with the populist, anti-immigrant Progress […]

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Iraq, Arms, and Oil

Iraq, Arms, and Oil

Back in the swing of things. “Iraq could overtake Russia as the world’s second-largest oil supplier behind Saudi Arabia by the 2030s, nearly tripling its current output, according to a report from the International Energy Agency.” (h/t The LA Times) “Iraq has signed contracts to buy Russian arms worth $4.2bn (£2.6bn; 3.2bn euros) this year, […]

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Iraqi Oil Production Outpaces Iran’s

Iraqi Oil Production Outpaces Iran’s

Although American statesmen and Republican politicians of the Bush era hate to admit it, one of the foundational aims of the war in Iraq – the creation of a liberal democracy – guaranteed an increase in Iranian influence both within Iraq and across the region. The politics of Shi’a majority were immediately advantaged by electoral […]

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Imports to Venezuela Plummet During First Half of 2009

El Universal reported that a decline in revenue from oil sales caused imports into Venezuela to drop by 49% during the first six months of 2009. Despite a recent increase the value of petroleum, Venezuela has experienced a sharp reduction in available funds since the price of a barrel of oil is just over $65, […]

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