• 3 minutes Why NG falling n crude up?
  • 7 minutes Tesla Battery Day (announcements on technology)
  • 10 minutes America Could Go Fully Electric Right Now
  • 1 hour The China Daily newspaper just did a flash poll of 1600 Chinese Communist Party members. 98% said Biden won the debate.
  • 1 day Taxes. Personal and Corporate. Trump vs Biden "Blarney" Family. Plans vs Records.
  • 2 hours California’s Electric Vehicle Dream Has A Major Problem: No
  • 6 hours Ilhan Omar connected Ballot Harvester in cash-for-ballots scheme
  • 1 day Kalifornistan, CO2, clueless politicians, climate hustle
  • 5 hours Something wicked this way comes
  • 8 hours What is Best for Germany Now?
  • 1 day Debate Night: Trump needs to be concerned about left leaning Chris Wallace , not Biden
  • 2 days BLM organizer plows her car thru Trump supporters. She was arrested and charged with attempted murder
  • 3 hours If Billionaires like Trump Don't Pay Taxes.
Editorial Dept

Editorial Dept

More Info

Premium Content

Russian Energy Minister Arrested On Embezzlement Allegations

Politics, Geopolitics & Conflict

Jordan is expecting to resume oil imports from Iraq this month to the tune of 10,000 bpd, after it had to suspend imports completely in August due to the pandemic. Jordan gets as much as 7% of its oil imports from Iraq, through a deal they forged last February. The current import deal is set to expire in November.

As another part of the saga that never ends, Nigeria is asking a Milan court for an immediate advanced payment from Eni and Shell - a payment that would exceed $1 billion - in the corruption trial over the infamous OPL 245 oilfield. Nigeria, the largest oil producer in Africa, gets 86% of all export revenue from its oil and gas industry, yet the country is riddled with energy insecurity and corruption. Nigeria’s budget office warned that the country could fall into a recession in the third quarter on the back of low oil prices and the pandemic.

Russia has detained Deputy energy Minister Anatoly Tikhonov on embezzlement (allegedly $7.9 million) allegations after a search of the ministry this week. Tikhonov will be jailed for two months while he awaits trial. Tikhonov is one of eight deputy energy ministers under Alexander Novak, and his arrest (in a country where corruption is endemic) will likely signal that he or whoever he is connected to has fallen from Putin’s good graces.

There was a fair amount of premature excitement over news of Hess (a mid-cap American oil company) possibly attempting…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News