Gazprom’s Next Acquisition: Algeria?

Russia’s oil and natural gas state monopoly Gazprom has been offered joint venture exploration projects in Algeria, the first foreign company to be invited to work in the country. The offer was discussed at a meeting between Gazprom officials and the Algerian government earlier last week. Gazprom will participate in an international tender for the […]

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 […]

A New Frontier for Kenya and Africa

By Christine Lagarde For yet a third year I have kept my tradition of starting the New Year with a visit to Sub-Saharan Africa—a region that truly offers great promise! As the world economy has remained focused on the crisis of the advanced economies, Africa has quietly forged ahead with strong growth led by a vibrant […]

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 […]

The Big Iran Deal

The Iran deal is a good deal for the U.S., Europe and for Iran. It suggests a shake up of the Middle East and a plausible belief in the likelihood of a major deal in six months. The deal with Iran happened on Iranian President Rouhani’s 99th day in office. Obviously taken with the idea of measuring a […]