Thursday 25 December 2014
 
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Sanctions

Russia seeks new energy partners

Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, Energy Minister Alexander Novak said. The sanctions over Russia's role in the

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Russia state fund sees ME demand despite sanctions

The Russian Direct Investment Fund (RDIF) is still attracting significant interest from investors in the Middle East and Asia despite sanctions putting off investment from the West, its chief executive said on Thursday. Many Weste

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UN sanctions Saleh, two Yemeni rebel leaders

The United Nations Security Council imposed targeted sanctions on Friday on Yemen's former President Ali Abdullah Saleh and two senior Houthi rebel leaders for threatening the peace and stability of the country and obstructing the political

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US weighs sanctions on Libyan factions to halt proxy war

The United States is considering imposing sanctions on Libya's combative factions to prevent a proxy conflict fueled by regional powers from erupting into full-blown civil war and to force militant leaders to negotiate, US officials said.

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EU lifts sanctions on Iran’s top oil tanker

European Union sanctions on Iran's main oil tanker firm NITC have been annulled after the EU failed to appeal against a court ruling that ordered the measures to be lifted, the shipping company said on Tuesday. An EU official

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US, EU hit Russia with more Ukraine sanctions

The United States and European Union imposed new sanctions against Russia on Friday, tightening financial measures against Moscow over its intervention in Ukraine despite a week-old ceasefire which has brought calm to the embattled east.

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Rise in Iran oil storage to help export flexibility

A substantial increase in Iranian oil storage capacity will give the sanctions-hit country more flexibility to export crude, the International Energy Agency (IEA) said on Thursday. The United States and the European Union have imp

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US prepares new round of sanctions on Russia

The United States is preparing a new round of economic sanctions against Russia for its incursion into Ukraine, a senior White House official said on Thursday on the fringes of a Nato summit in Wales. Deputy White House national s

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Iran oil minister vows to bypass sanctions

Iranian Oil Minister Bijan Zanganeh said Tehran would continue to bypass sanctions after the US penalised a number of companies for violating sanctions imposed on Iran, mostly in connection with its nuclear programme. On Friday, the US

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Iran targets refining capacity of 3 million bpd by 2018

Iran hopes to boost its oil refining capacity to 3 million barrels per day by 2018 from 1.9 million now with the opening of new refineries as the Opec member seeks to reduce its dependency on imports of oil products, Iranian media reported.

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