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  • OIL - ENERGY MARKETS

OIL - ENERGY MARKETS

ISRAEL MOVES AHEAD WITH EASTERN MED OIL PICK

10/16/2020

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Ephraim Sneh writes: The practical sides of this alliance are Israel’s import of half of its demand of crude oil through the Baku-Tbilisi-Ceyhan pipeline, and the export of $5 billion in sophisticated Israeli military equipment, according to President Ilham Aliyev’s public statement. But the alliance is not about oil and arms. Azerbaijan, with its vast majority Shi’ite Muslim population, aspires to be a secular, modern, enlightened independent state. Neither of its neighbors agree that Azerbaijan should have all these attributes together. Israel is the country that fully supports all the aspirations of the Azerbaijan people and government. – Jerusalem Post
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TURKEY RETURNS TO THE EAST MED & BLACK SEA FOR OIL

10/15/2020

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Turkey: Ankara Raises Black Sea Gas Estimates.  Turkey has raised the estimated reserves in a gas field off its Black Sea coast after finding an additional 22,500 billion gallons approximately 100 nautical miles north of the Turkish coast. The discovery could transform Turkey’s dependence on Russia, Iran and Azerbaijan for energy imports, as last year’s imports totaled more than $41B. Turkey expects the first gas flow from the field in 2023. Al Jazeera Deutsche Welle
Turkey resumes energy research in disputed waters
ISTANBUL — A Turkish seismic research ship escorted by naval frigates began energy prospecting activities Wednesday in contested tracts of the eastern Mediterranean, renewing disputes between Ankara and Athens over maritime boundaries. 
Following a brief pause for maintenance, Turkey’s Oruc Reis vessel redeployed Monday and reached an area near the Greek island of Kastellorizo two miles off the Turkish coast, where it began conducting gas discovery activities Wednesday, according to Turkish Energy Minister Fatih Donmez.

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Chevron's Deal for Noble Energy Marks a Major Shift in Mideast
By JONATHAN TOBIN, Special to the Sun | October 14, 2020
https://www.nysun.com/foreign/chevrons-deal-for-noble-energy-marks-a-major/91297/
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    Southwest Asian political economy analyst, Radio & Media Personality. 

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