control of oil

Syria

Assad turns oil over to Putin for military protection

Bashar Assad arrived in Russia to publicly thank Vladimir Putin for his military support in the ongoing re-conquest of Syria—prominently including the deployment of new missile systems. Undoubtedly discussed behind closed doors was the new “energy cooperation framework agreement” between Moscow and Damascus, under which Russia is to have exclusive rights to exploit oil and gas in Syria. (Photo of Vityaz missile launcher via Wikipedia)

Iran

New oil shock feared in wake of Iran debacle

After all the talk we've heard in recent years about how depressed oil prices are now permanent, in the wake of Trump's announced withdrawal from the Iran nuclear deal Bank of America is predicting that the price of Brent crude could go as high as the once-dreaded $100 per barrel in 2019. The report also cited collapsing production in Venezuela due to the crisis there. Brent prices have risen above $77 per barrel since Trump's announcement. Prices have jumped more than 8% over the past month and 15% since the beginning of the year. According to the analysis, investors fear that renewed sanctions on Iran could lead to supply disruptions. Although the report failed to mention it, the Israeli air-strikes on Iranian targets in Syria have doubtless contributed to the jitters. (Photo: Shana)

The Andes

Oil contracts at issue in Peru political scandal

Seemingly irregular oil contracts have emerged as a factor in the ongoing political scandal that last week brought down Peru's president Pedro Pablo Kuczynski. Following accusations from left-opposition congressmembers, state agency PeruPetro admitted that hours before leaving office, Kuczynski had issued a Supreme Decree initiating the process of approving five offshore oil concessions with a private company—but without the involvement of PeruPetro in vetting the contracts, as required by law. Calling the deals "lobista," Dammert is demanding that new President Martín Vizcarra declare the contracts void. (Photo: Gestión)

North Africa

Environmental protester shuts Libyan oil-field

The company operating Libya's biggest oilfield, Sharara, announced that it had been shut down after a citizen closed the pipeline that pumps the field's oil. The field is run by a joint venture between Libya's National Oil Corporation and several multinationals. The individual claimed the pipeline caused environmental damage to his lands, and had also closed the pipeline last year to press his demands for a clean-up. With this latest closure, Libya's oil output dropped to a six-month low of 750,000 barrels per day. National Oil Corporation chairman Mustafa Sanallah described those who shut down oil-fields as "terrorists." (Photo: Libya Observer)

Syria

Russian Cossacks fight in Syria?

Mystery continues to surround the US air-strikes on Syria’s Deir ez-Zor governorate, which Damascus called a “brutal massacre” of pro-regime troops. While the Kremlin denies that its troops were involved in the incident, survivors are said to be receiving medical treatment at Defense Ministry hospitals in Moscow and St. Petersburg. And the Kaliningrad-based Baltic Cossack paramilitary group issued a statement claiming its members were among those who “died for the Fatherland, the Cossacks and the Orthodox faith” in Deir ez-Zor. One of the slain was named by the group as a veteran of the war in Ukraine. (Image: Voices from Russia)

Africa

Harsh repression as bread riots rock Sudan

Sudanese authorities carried out mass arrests and confiscated newspapers as protests exploded over rising bread prices and severe economic austerity. One student was killed amid demonstrations in Geneina, capital of West Darfur state. Protests were also reported from the cities of Nyala, al-Damazin and the capital Khartoum. The unrest broke out as bakeries doubled the price of bread following a government decision to increase the price of flour nearly fourfold. The decision was part of a package of austerity measures issued under the country's 2018 budget, seeking to address the spiralling inflation rate.

Planet Watch

Arctic oil scramble in offing after GOP tax bill

As a part of the Republican tax overhaul bill, Congress voted to open Alaska's Arctic National Wildlife Refuge (ANWR) to oil and natural gas drilling, after more than four decades of contestation on the matter. Drilling is still years away at best, due to depressed oil prices, a lengthy review process, and likely legal challenges. But oil companies are already arguing over who will have rights to the reserve—while Native Alaskan communities that depend on its critical caribou habitat see impending cultural extermination. (Photo: FWS)

Planet Watch

Oil prices surge: vindication is tedious

We've been told for the past several years now that the depressed oil prices were permanent, thanks to fracking and the surge in US domestic production. Now prices are rising again, due to a convergence of crises in major producers: escalating tensions among the Gulf states, labor unrest in Nigeria, deepening instability in Venezuela. The US was able to contain the price spike after the ISIS irruption in 2014 by boosting its own production. This trick isn't going to work forever.

The Andes

Bolivia hosts ‘Gas OPEC’ summit —amid dissension

The summit of the Gas Exporting Countries Forum (GECF) opened in the Bolivian city of Santa Cruz—central hub of the country's hydrocarbon-rich eastern lowlands. President Evo Morales took the opportunity to boast of his "nationalization" of Bolivia's hydrocarbon resources. But in addition to pressure from his populist base for greater state control over the hydrocarbons, Morales faces ecologist and indigenist dissidents who reject continued reliance on an extractivist model altogether.

Iraq

Iraqi forces take Kirkuk, lower Kurdistan flag

Iraqi government forces, including elite troops of the US-trained Counter Terrorism Service and irregulars of the Shi'ite militia Hashd al-Shaabi, have taken the disputed city of Kirkuk, and its nearby military bases and oilfields. Prime Minister Haider al-Abadi ordered Iraqi forces take down the Kurdistan flag in the city, and hoist only the Iraqi national flag. Thousands of Kurdish civilians have fled the city, heading toward territory within the official borders of the Kurdistan Region.

The Amazon

China wins contract for Amazon mega-project

Peru's Transport and Communications Ministry signed a contract with Chinese state-owned engineering giant SinoHydro to build the Hidrovía Amazónica, a mega-project aimed at turning the major rivers of the Amazon into arteries for delivering the resources of the rainforest basin to foreign markets. The government claims to have carried out a "prior consultation" with impacted communities along the rivers, having won 40 agreements to proceed with work.