Category: Economy

Turkey Signals a Shift on French Participation in Nabucco

Jamestown Foundation The Turkish parliament ratified the Nabucco inter-governmental agreement (IGA) on March 4, which was signed in July 2009 at a highly-publicized ceremony in Ankara (EDM, July 14, 2009). Consequently, all IGA signatories have concluded the ratification process. The…

New outbreaks of civil unrest against austerity measures for Greece

Greek police used fire gas to disperse demonstrators protesting against government austerity measures in Athens on Thursday. Reportedly, nearly 20,000 demonstrators chanting slogans marched towards the parliament building in Syntagma square. The rioters lobbed petrol bombs at police and vandalised shops, banks and…

Venezuela: Risky oil partnerships

FROM THE ECONOMIST INTELLIGENCE UNIT Against a backdrop of the continued decline in Venezuela’s oil production and investment in the energy sector, the government is welcoming back foreign oil majors. However, the companies’ willingness to partner again with the government required…

Russia finance: How to keep the rouble in check?

FROM THE ECONOMIST INTELLIGENCE UNIT Russia’s central bank has intervened heavily in current markets and widened the rouble’s trading band recently, in response to strong appreciating pressure on the currency. With oil prices now above US$80/barrel and interest rates high,…

Euro, Au Revoir?

Roubini Global Economics:  Should the “Greek case” infect the other high (public and foreign) debt – low competitiveness countries, the PIIGS (Greece, Ireland, Portugal, Spain, and Italy), the stability of the euro and the cohesion of the Euro zone would…

The Strategic Implications of the Turkmenistan-China Pipeline Project

Publication: China Brief Volume: 10 Issue: 3 By: Stephen Blank On December 14, 2009, China and Turkmenistan formally opened the longest natural gas pipeline, which runs from Turkmenistan through Central Asia to China. This pipeline, financed by China National Petroleum Corporation…

UK firm wins Ugandan oil contract

FROM THE ECONOMIST INTELLIGENCE UNIT Tullow Oil has won the battle to buy Heritage’s holdings in western Uganda, despite strong competition from Italy’s ENI. Attention will now switch to developing the finds.

Germans say euro zone may have to expel Greece: poll

BERLIN (Reuters) – A majority of Germans want debt-ridden Greece to be thrown out of the euro zone if necessary and more than two-thirds oppose handing Athens billions of euros in credit, a poll published on Sunday showed.

Venezuela to OK first major oil deals under Chavez

* Venezuela to award blocks in vast Orinoco oil belt * Chevron, Repsol said to lead bidding * Biggest oil investment opportunity under Chavez * Comes less than three years after nationalization wave