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Azerbaijan faces revenue cuts as gas exports to Turkey halted


Azerbaijan faces revenue cuts as gas exports to Turkey halted
May 28, 2021 1:30:pm
Summary
In spite of the warm political ties between the two states, Ankara appears in no great hurry to renew the contract, believing it holds the upper hand.
by: David O’Byrne
Azerbaijan faces revenue cuts as gas exports to Turkey halted
A contract for gas exports from Azerbaijan to Turkey has quietly expired, leaving Baku without the bulk of income from its largest gas consumer while the flow is halted.
BP, which heads the consortium operating Azerbaijan s Shah Deniz gas field from which the gas is produced and sold to Turkey, confirmed to Eurasianet that flow halted on April 17 after the contract expired, but that talks on renewal have been going on for some time, and are continuing.” ....

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Oil Refiners Set To Curb Spot Buying To Make Room For Iranian Oil


Oil Refiners Set To Curb Spot Buying To Make Room For Iranian Oil
Oil Refiners Set To Curb Spot Buying To Make Room For Iranian Oil
State-run Bharat Petroleum Corp, which plans to tap the spot market for 45 per cent of its overall imports, will buy Iranian oil if sanctions are lifted.
India used to be Iran s second-biggest oil client after China
Oil refiners, anticipating a lifting of U.S. sanctions, plan to make space for the resumption of Iranian imports by reducing spot crude oil purchases in the second half of the year, company officials told Reuters. The world s third-largest oil consumer and importer halted imports from Tehran in 2019 after former U.S. President Donald Trump withdrew from a 2015 accord and re-imposed sanctions on the OPEC producer over its disputed nuclear programme. U.S. President Joe Biden s administration and Iran have been involved in indirect talks to revive the pact for Tehran to curb its nuclear activities in exchange for a lifting ....

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American Petroleum Institute


DeSmog
Background
Based in Washington DC, the American Petroleum Institute (API) is the largest trade association for the oil and gas industry, representing over 600 corporate members “from the largest major oil company to the smallest of independents, come from all segments of the industry.” The API says its mission is to “influence public policy in support of a strong, viable U.S. oil and natural gas industry.” API describes itself as “the only national trade association that represents all aspects of America’s oil and natural gas industry.” [1]
API was initially established on March 20, 1919 in New York City and moved to Washington DC in late 1969. According to its website, API “speak[s] for the oil and natural gas industry to the public, Congress and the Executive Branch, state governments and the media. We negotiate with regulatory agencies, represent the industry in legal proceedings, participate in coalitions and work in partnership with othe ....

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