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Taiwan Cuts Off Fossil Fuels To North Korea

September 20, 2017 Zainab Calcuttawala 0

Taiwan will no longer offer its fossil fuels to North Korea, the island announced on Tuesday in a bid to emerge as a responsible member of the international community. Taiwan also said it would immediately halt any remaining clothing and textile imports from North Korea, in line with recent economic sanctions against Pyongyang for its missile tests over Japan. Preexisting contracts in force before September 11th would continue to be honored until December 10th, a notice from the economics ministry said. The bans hope to “denounce North…

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Clash In Oil-Rich South Sudan Region Kills At Least 25

September 20, 2017 Zainab Calcuttawala 0

South Sudanese authorities reported the deaths of at least 25 people on Tuesday following a clash between government forces and rebel groups in the oil-producing regions in the north of the world’s youngest country. The rebels pledge their loyalty to Former Deputy President Riek Machar, who has been exiled by the central government. On Monday, a village called Nhialdiu became the site of the clash, continuing a months-long pattern of the town changing hands unpredictably. “The number of the bodies that were found on the ground were 25,” said…

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Could Kurdish Independence Spark An Oil War?

September 19, 2017 Zainab Calcuttawala 0

As the date of the Kurdish independence referendum approaches, oil industry moguls should be concerned about an oil production war between Iran and headless Iraq. The Kurds are expected to vote on their political status in late September. A vote in the affirmative would mean that Iraq would lose a chunk of its northern areas, which includes the crucial Kirkuk oilfield and its surrounding reserves. The latest news from the election committee shows that the Kurdistan Regional Government (KRG) is doing the most it can to increase international participation…

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Qatar Unfazed By Arab Blockade

September 15, 2017 Zainab Calcuttawala 0

Qatar’s resilience in the face of months of economic and diplomatic ostracization echoes in the ears of Saudi Arabia—a regional and religious leader running out of options in its quest to keep the states on the Arabian Peninsula within the confines of its geopolitical agenda. Doha flaunted its perseverance in fulfilling international natural gas orders once again this week, when Energy Minister Mohammed Bin Saleh Al Sada confirmed this fact to diplomats and reporters in Doha. “During this blockade we have never missed a single…

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Houthis Threaten Saudi Oil Tankers

September 14, 2017 Zainab Calcuttawala 0

Houthi leader Abdel-Malek al-Houthi said his rebel alliance would begin attacking Saudi oil tankers should the Kingdom begin an offensive against the key Yemeni port of Hodeidah, according to a new report by Reuters. “We could target Saudi oil tankers and we could do anything, we have not done this before,” he said. The speech, which was televised across the Houthi leader’s territory, added that Yemeni missiles could reach the Emirati capital of Abu Dhabi, as well as anywhere in Saudi Arabia, though Reuters reports that the group’s…

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Houthis Threaten Saudi Oil Tankers

September 14, 2017 Zainab Calcuttawala 0

Houthi leader Abdel-Malek al-Houthi said his rebel alliance would begin attacking Saudi oil tankers should the Kingdom begin an offensive against the key Yemeni port of Hodeidah, according to a new report by Reuters. “We could target Saudi oil tankers and we could do anything, we have not done this before,” he said. The speech, which was televised across the Houthi leader’s territory, added that Yemeni missiles could reach the Emirati capital of Abu Dhabi, as well as anywhere in Saudi Arabia, though Reuters reports that the group’s…

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OPEC’s No. 2 Faces Civil War Threat

September 13, 2017 Zainab Calcuttawala 0

Tribal violence in the southern regions of Iraq is erupting on sectarian lines, threatening safety and security at oil facilities, officials told Kurdistan24. A majority of Iraq’s law enforcement network has congregated in the northern and western portions of the country to contain the efforts of the Islamic State to restart the reign of its illicit organization, giving Shia and Sunni the leeway to reignite previous rivalries. “We need larger forces to control rural areas and restrain lawless tribes in the south,” Army Lieutenant…

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Nigeria To Shutter Three Oil Refineries To Rehabilitate Output

September 13, 2017 Zainab Calcuttawala 0

Nigeria will shut down three of its oil refineries for comprehensive rehabilitation, according to an announcement by the Nigerian National Petroleum Corporation (NNPC) on Wednesday. The Kaduna, Warri and Port Harcourt refineries will shutter to allow the national oil company to return refining capacity to their nameplate levels, NNPC managing director Dr. Maikanti Baru told reporters at the capital. “As you know, it is being the perception of the public that the repairs of the refineries are never done thoroughly. So this time, our intention…

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India Sees Lowest Fuel Demand Growth In 14 Years

September 12, 2017 Zainab Calcuttawala 0

India reached a 14-year low in fuel demand as the effects of a massive flooding event that unfolded over the past few weeks become clearer. National oil demand fell by 6.1 percent as Indians in select areas tend to their homes to measure the water damage from stronger than usual monsoon rains. India is the world’s fastest growing oil consumer. The Asian country used 15.75 million tons of fuels last month, about 1 million tons lower than figures from last year from the same month. Demand for diesel – which represents 40 percent of fuel…

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Largest Libyan Oilfield Back Online After Armed Assault

September 8, 2017 Zainab Calcuttawala 0

Libya’s largest oilfield is now fully operational following a couple of weeks of output turbulence, according to UPI, who received official confirmation of the oilfield’s operational status from Austrian energy firm, OMV. The “irregularities” had been caused by “gangsters,” said Mustafa Sanalla, head of Libya’s National Oil Corp. In late August, the assaults by the armed group Reyayna Patrol Brigade had forced some of the pipelines connected to the Sharara field to be shut down. The ordeal cost $160 million…

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