Russia Eyes Crimea’s Oil and Gas Reserves

By Nick Cunningham: According to Reuters, Crimea may nationalize oil and gas assets within its borders belonging to Ukraine, and sell them off to Russia. Crimea’s Deputy Prime Minister hinted at the possibility that it would take control of Chornomorneftegaz, a Ukrainian state-owned enterprise, and then “privatize” it by selling it to Gazprom. “After nationalisation of […]

Ukrainian Chess

By Peter Boone and Simon Johnson: U.S. Secretary of State John Kerry arrived in Kiev on Tuesday.  The Obama administration is feeling real pressure from across the political spectrum to “do something”, but the US has no military options and little by way of meaningful financial assistance it can offer to Ukraine.  The $1 billion in […]

Iran Reveals Details on New Contracts With IOCs

Iran announced new details on how it will design contracts with international companies seeking to develop Iranian oil and gas reserves, according to Bloomberg. At a conference in Tehran, Iranian officials stated that they will provide incentives for companies developing riskier fields in an effort to lift production. Iran appears to be planning for the eventual […]

Iranian Oil Exports Increase After Nuclear Deal

By Nicholas Cunningham: Shaking off some of the restrictions of international sanctions, Iran managed to boost its oil exports by 100,000 barrels per day in January. According to the IEA, Iran was able to export 1.32 million barrels per day last month, with the increased flow going to China, Japan, and India. To be sure, Iran used […]

Five Financial Questions for Ukraine

There is an interesting debate going on in Western capitals over financial support for Ukraine.  The possibility of political change, coupled with Russia’s decision to suspend disbursements on its $12 billion financial package, has created an opening for meaningful economic reforms and renewed ties with global financial bodies.  There are compelling political arguments for the West to […]

Preventing Civil War in South Sudan

This post comprises the first two paragraphs of a column that appeared on the’s Economix blog on Thursday, December 26, 2013.  To read the full post, click here. The news from Juba is very bad. South Sudan is in the throes of political conflict and serious fighting, with several hundred people reported dead and more injured, […]

Syria Signs First-Ever Offshore Oil Deal, With Russia

Syria has signed an agreement with Russian oil and gas company SoyuzNefteGaz for joint oil exploration off the Mediterranean coast, in Syria’s part of the prolific Levant Basin, according to Syrian, Russian and Iranian state news agencies. The contract will enter into effect immediately despite US and European sanctions against Syria, where opposition forces and Islamist groups […]

US-China Challenges: What Lies Beyond 2014-2015?

In the United States, proposed budget deals may ensure stability in the short-term. In China, the ongoing economic reforms could foster sustained growth in the medium-term. In both cases, new challenges await after 2015. In the near-term, Washington must manage austerity with pro-growth policies, even amid secular stagnation. In turn, Beijing seeks to manage local […]

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