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NEWSBASE: The attacks on Saudi oil infrastructure are the oil industry's 9/11

16 September 2019

The attacks on Saudi oil infrastructure could turn out to be the oil industry’s 9/11. Reacting to the news, JP Morgan said: “Clearly oil assets have been massively mispriced. The assumption that production facilities are secure is wrong."

Drone attacks on Saudi oil facilities not set to impact oil flows to Europe in big way

16 September 2019

Europe takes little oil from Middle East. It is heavily dependent on Russia for crude deliveries and can turn to Moscow to fill any gaps. The effect on the oil price, however, is a different matter.

Czech energy giant CEZ buys a stake in German solar start-up Zolar

11 September 2019

CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".

Turkey’s banking association expects $10bn of electric utility loan restructuring this year

10 September 2019

Energy companies left up to their necks in debt by lira crisis.

Russia's Rosneft oil major claims Druzhba crisis still unresolved

3 September 2019

Russian oil major Rosneft claims that state oil pipeline operator Transneft has failed to resolve all the issues with chlorine contaminated oil, Reuters reported on September 3 citing the announcement of Russia's largest crude oil producer.

KPMG says Moldovan investor falsified financial statements to claim $500mn from Kazakhstan

3 September 2019

Auditor’s decision to withdraw three years of reports is likely to change the outcome of the $500mn international legal battle between businessman Anatol Stati and the Kazakh state.

Albania’s net power generation plunges 53% y/y in 2Q19

26 August 2019

Unfavourable weather conditions this year limited production at Albania's main hydropower plants, while electricity imports soared.

Unpredictable Trump may encounter an unpredictable Iran warns Tehran’s top diplomat

21 August 2019

Zarif’s remarks come as Australia and Bahrain agree to back US-led maritime security mission off Iranian coast already supported by UK.

Russia's Rosneft and finance ministry wrestle over Arctic funding

20 August 2019

Russia's finance ministry is insisting that the moratorium on oil and gas extraction support is extended for the Arctic region, while Rosneft pushes through support for its Arctic project Vostok Oil.

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