Energy

The Island Fight Nobody Wants

The Island Fight Nobody Wants

Robert Keatley
|
February 7, 2013
Robert Keatley is a former editor of The Asian Wall Street Journal and the South China Morning Post, both of Hong Kong.
Probably nothing could be more damaging to the economies and general tranquility of China and Japan—and the region—than hostilities between them. Yet, spurred by intense and persistent nationalism, the two nations have been drifting toward at least sporadic confrontation with a mindless determination that sometimes belies rational judgment. The immediate cause: rival claims to own eight rocky isles, largely ignored for centuries but now thought to be surrounded by extensive oil and gas reserves deep beneath the sea.
 

South China Sea Energy Profile: Critical World Trade Route And Potential Source Of Hydrocarbons

South China Sea Energy Profile: Critical World Trade Route And Potential Source Of Hydrocarbons

 – Analysis
Written by EIA
February 8, 2013
NOTE: Values are EIA estimates unless otherwise noted.
The South China Sea is a critical world trade route and a potential source of hydrocarbons, particularly natural gas, with competing claims of ownership over the sea and its resources.
Stretching from Singapore and the Strait of Malacca in the southwest to the Strait of Taiwan in the northeast, the South China Sea is one the most important trade routes in the world. The sea is rich in resources and holds significant strategic and political importance.

Despite US opposition, oil trade with Iraq is legal, PM Erdoğan says

Despite US opposition, oil trade with Iraq is legal, PM Erdoğan says

Enis Berberoğlu

BRATISLAVA / Hürriyet

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Turkey will continue its oil trade with the Kurdistan Regional Government (KRG) in northern Iraq, Turkish Prime Minister Recep Erdoğan has said, while confirming the trade as legitimate.

Caspain gas project set to start in 2013: Ankara

Caspain gas project set to start in 2013: Ankara

BRATISLAVA – Anatolia News Agency

Construction on the Azeri-Turkish Trans Anatolia Pipeline (TANAP) project will begin this year, Prime Minister Recep Tayyip Erdoğan said during a press conference in Slovakia Forum on Feb. 6.

“We took a new step with Azerbaijan. The agreement for TANAP has been approved in the parliaments of both sides,” he said. He added that construction on the pipeline would start this year.

France's Total joins Cyprus energy rush

France's Total joins Cyprus energy rush

France24, 6 February 2013

AFP - Cyprus on Wednesday signed an agreement with French energy major Total to conduct exploratory drilling for gas and oil in two blocks off its southern shore.

The deal comes as Cyprus aspires to become a regional energy hub with the prospect of oil as well as natural gas being tapped beneath the sea bed.

Iraqi Oil Contracts Reward Kuwait, Punish Turkey

Iraqi Oil Contracts Reward Kuwait, Punish Turkey

 

By: Omar al-Shaher for Al-Monitor Iraq Pulse. Posted on February 1.
Iraq has signed a final service contract with a consortium of two gulf companies, one of which is Kuwaiti, to develop the ninth of 12 exploration blocks included in the fourth round of licenses. The signing has completely ruled out a Turkish company that was part of the initial agreement in this investment.
Posted on: February 1 2013
Translated by: Sami-Joe Abboud and Joelle El-Khoury

While this contract reflects the improved economic relations between Iraq and Kuwait following years of animosity, it also shows the depth of the dispute between Baghdad and Ankara.

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