Russia’s only tanker with oil to enter Bosphorus on Monday — Turkey’s authorities

 

The only Russian tanker with crude oil currently stuck near the Bosphorus will enter the strait on Monday, the Turkish Transport Ministry’s Directorate General of Coastal Safety said on Sunday.

Shipping costs for Russian oil skyrocket ahead of new sanctions — Bloomberg

 

The costs of chartering vessels to ship Russian oil are skyrocketing as more tanker owners refuse to ship it on the eve of new EU sanctions, Bloomberg reported. Owners who are still willing to load Russian crude are attempting to charge more for the risk, the publication says.

Germany Nationalises Gazprom Subsidiary: Ministry

Germany announced Monday it was nationalizing a former subsidiary of Russian energy giant Gazprom, saying the step was necessary because of the systemic importance of the company for power supplies in the country.

US to expand sanctions against Russia’s Nord Stream 2 gas pipeline — RT

 Washington has reached an agreement to include additional sanctions against Russia’s natural gas pipeline to Germany in a must-pass defense bill, Bloomberg reported on Wednesday, citing sources familiar with the issue.

Berlin Responds to US Threats of Imposing Sanctions Against Nord Stream 2

As Washington has declared that it might introduce sanctions against the Nord Stream 2 pipeline, authorities in Berlin have said that such a move won't guarantee the growth of imports of liquefied gas from the US.

Russia, Austria review fate of Nord Stream 2 pipeline

Progress on the second phase of the Nord Stream pipeline to Europe was the focus of talks with Austrian energy company OMV, Russia's Gazprom said.

60,000 North Korean Children May Starve as Sanctions Slow Aid: UNICEF

An estimated 60,000 children face potential starvation in North Korea, where international sanctions are exacerbating the situation by slowing aid deliveries, the United Nations Children's Fund (UNICEF) said on Tuesday.

US receives Russian LNG shipment, 2nd tanker reported on its way

A French vessel carrying Russian liquefied natural gas docked in Boston on Sunday. Another tanker is reportedly on its way, despite Washington’s sanctions against Moscow and amid grand plans of conquering Europe’s gas market.

North Korea drought: Children at risk in 'worst crisis since 2001'

North Korea is facing severe food shortages after being hit by its worst drought since 2001, a report from the United Nations says.

Iran, Russia agree to jointly produce nuclear fuel

Iran's Atomic Energy Organization (AEOI) said on Saturday that Russia and Iran have reached an agreement to jointly produce nuclear fuel, semi-official ISNA news agency reported.

Iran signs major gas deal with France's Total

Iran signed a deal with France's Total on Tuesday to develop a major offshore gas field, its first big contract with a Western energy firm since sanctions were loosened in January.

Obama announces new loosening of Cuba sanctions

President Barack Obama on Friday moved to ease more economic sanctions on Cuba.

First Shipment of US Natural Gas Arrives in Portugal

The first shipment of liquefied natural gas from the United States has reached its destination in Portugal, a development that could disrupt Russia's domination of the European gas market.

Bulgaria, Greece in action to lure Russian tourists

Both Greece and Bulgaria, two of Turkey’s neighbors, have stepped forward to lure Russian tourists, who have abstained from their most popular destination as part of Moscow sanctions on Ankara due to the downing of Russian military plane last November.

Iran plans to double its oil exports to Japan once sanctions are lifted

Iran plans to double its oil exports to Japan after international sanctions are lifted, Mehr News Agency said on Sunday. "It has been estimated that oil exports to Japan will increase twofold once the international sanctions are nullified," the agency said.

Oil Prices Drop on Glut Supply Fears

Oil prices resumed their fall on Monday edging down to just under $42 a barrel.

OPEC chief says oil cartel 'not ready' to cut production

OPEC Secretary-General Abdullah El-Badri said on Thursday (Jul 30) the oil producers' cartel is not planning to cut production despite the fall in crude prices over recent months and concerns about the possible addition of Iranian oil in the market.

EU to consider lifting fish import ban on Sri Lanka

The European Commission has offered Sri Lanka assistance to meet the regulatory requirements that would enable an early lifting of ban on fish exports from Sri Lanka to the EU, the Sri Lankan External Affairs Ministry said on Thursday.

La société Rosneft va effectuer le forage dans la mer de Kara de façon indépendante

La compagnie russe Rosneft va continuer d’effectuer le forage dans la mer de Kara de façon indépendante, a déclaré son PDG, Igor Setchine.

Setchine a souligné qu’une meilleure plate-forme résistante aux glaces participerait à ce travail.

Le PDG de Rosneft n'a pas exclu la possibilité d'une coopération avec la société Gazprom.

Illegal fisheries: green cards for five countries, but red card for Sri Lanka. (EC -14.10.14)

European Commission, Press release, Brussels, 14 October 2014:

In its fight against illegal fishing activities worldwide, the European Commission has today proposed to ban imports of fisheries products from Sri Lanka to tackle the commercial benefits stemming from illegal fishing. The move comes after four years of intense dialogue with the country after which it could not demonstrate that it sufficiently addressed illegal, unreported and unregulated (IUU) fishing. In contrast, the Commission today confirmed that Belize, Fiji, Panama, Togo and Vanuatu, which had received warnings at the same time as Sri Lanka, have successfully taken measures to tackle illegal fishing. Consequently, the Commission proposes to lift the trade measures imposed in March this year against Belize.