Lukoil

US Unveils Latest Russian Sanctions, Putin Immediately Responds That Russia Drafting Retaliation

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Putin111

– US Unveils Latest Russian Sanctions, Putin Immediately Responds That Russia Drafting Retaliation (ZeroHedge, Sep 12, 2014):

Moments ago, as was widely preannounced, the US Treasury unveiled its latest round of Russian sanctions. While the bigger picture was well-known, here are some of the highlights:

  • U.S. SANCTIONS FOCUS ON FINANCIAL, ENERGY, DEFENSE SECTORS
  • U.S. TREASURY ADDS SBERBANK TO SANCTIONS LIST,
  • U.S. TREASURY SANCTIONS AFFECTS GAZPROM, GAZPROM NEFT, LUKOIL, ROSNEFT, AND SURGUTNEFTGAZ
  • U.S. TIGHTENS DEBT FINANCING RESTRICTIONS TO 30 DAYS

As Bloomberg reports, action deepens existing sanctions on Russian financial institutions, expands sanctions on Russia’s energy sector, targets additional energy- and defense-related firms, U.S. Treasury says in statement. “Today’s actions demonstrate our determination to increase the costs on Russia as long as it continues to violate Ukraine’s territorial integrity and sovereignty,” Under  Secretary for Terrorism and Financial Intelligence David S. Cohen says in statement

Treasury Dept says it “maintains significant scope to expand these sanctions.”

Read moreUS Unveils Latest Russian Sanctions, Putin Immediately Responds That Russia Drafting Retaliation

Russia Reignites The Proxy War: Putin Offers ‘Complete Support’ To Iraq Prime Minister Scorned By Obama

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Putin chess

– Russia Reignites The Proxy War: Putin Offers “Complete Support” To Iraq Prime Minister Scorned By Obama (ZeroHedge, June 20, 2014):

Two days ago, before it was formalized that the US tacitly, if not explicitly, now supports the removal of the Iraqi Prime Minister whom it itself had helped elect, we summarized the geopolitical tensions and “national interests” in Iraq, which is shaping up to be a proxy war that makes last year’s Syrian escapade pale by comparison, as follows:

The situation in Iraq, already a jumble of domestic sectarian violence, is now pitting virtually all major (and regional) international players against each other as well. There is:

Read moreRussia Reignites The Proxy War: Putin Offers ‘Complete Support’ To Iraq Prime Minister Scorned By Obama

Russia’s LUKOIL Stops Oil Supplies To Ukraine’s Odessa Refinery

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Putin chess

– Russia’s LUKOIL stops oil supplies to Odessa refinery (ITAR-TASS, Feb 26, 2014):

The refinery has also been notified about the coming termination of power supplies from February 27 because of the unpaid debts

MOSCOW, February 26. /ITAR-TASS/. Russia’s oil company LUKOIL has stopped oil supplies to the Odessa refinery in Ukraine.

“The last tanker was sent on December 29,” a company official said on Wednesday, February 26.

Read moreRussia’s LUKOIL Stops Oil Supplies To Ukraine’s Odessa Refinery

Big Oil’s Central Asian Mafia

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– Big Oil’s Central Asian Mafia (Veterans Today, Aug 6, 2013)

(Excerpted from Big Oil & Their Bankers: Chapter 17: Caspian Sea Oil Grab)

According to Kurt Wulff of the oil investment firm McDep Associates, the Four Horsemen, romping in their new Far East pastures, saw asset increases from 1988-1994 as follows: Exxon Mobil- 54%, Chevron Texaco- 74%, Royal Dutch/Shell- 52% and BP Amoco- 54%.  Big Oil had more than doubled its collective assets in six short years.

This quantum leap in global power had everything to do withthe takeover of the old Soviet oil patch and the subsequent impoverishment of its birthright owners.

While the Four Horsemen gorged on Russian and Central Asian oil, Wall Street investment bankers were facilitating the oil grab and ripping off the Russian Treasury.

Salomon Smith Barney’s Phibro Energy oil trading subsidiary set up shop in Moscow.  Goldman Sachs was hired by Yeltsin to lure foreign capital to Russia.  Heading the Russian Goldman Sachs team was Robert Rubin, later Clinton Secretary of Treasury & Citigroup CEO.  CS First Boston took a 20% stake in Lukoil, in partnership with BP Amoco.

Read moreBig Oil’s Central Asian Mafia

Russia’s private oil giant Lukoil wins big in Iraq oil auction

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IRAQ OIL
Map shows 15 Iraqi oil fields that will be bid upon by foreign companies

BAGHDAD — A consortium led by Russia’s private oil giant won the biggest prize of Iraq’s second oil auction this year, nabbing a field initially promised them a decade ago by Saddam Hussein while other companies Saturday showed little interest in offerings outside the secure southern part of the country.

Lukoil and Norway’s Statoil ASA won rights to develop the 12.88 billion barrel West Qurna Phase 2 field in the Basra region, beating out three other consortiums led by France’s Total SA, Malaysia’s state-run Petronas and British giant BP PLC.

The field was the crown jewel of Iraq’s second international oil auction, which has placed some of the country’s most coveted sites up for grabs compared with the riskier fields that drew little interest in the first auction in June. In all, 15 fields were offered over two days, and of the seven offered Saturday, four were awarded.

Read moreRussia’s private oil giant Lukoil wins big in Iraq oil auction