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Iraq balks at greater Chinese control of its oilfields

Business May 17, 2022

Iraq balks at greater Chinese control of its oilfields

by Sarah Mcfarlane and Aref Mohammed

China's strengthening relationship with Iran has helped its position in Iraq due to Tehran's influence there, but the oil ministry is wary of ceding control over the country's key resource.

Japan says Sakhalin energy projects do not contradict Russia sanctions

National May 15, 2022

Japan says Sakhalin energy projects do not contradict Russia sanctions

A top official also said if Japan's stakes in the projects are obtained by other countries, there is a possibility that those not imposing sanctions against Russia will benefit.

Biden’s hopes for Iran deal fade just when world needs oil most

World May 13, 2022

Biden’s hopes for Iran deal fade just when world needs oil most

by Samy Adghirni and Jonathan Tirone

For Iran, $100 per barrel oil has mitigated the urgency to secure sanctions relief. Crude prices have almost doubled since talks began a year ago.

Should Europe stop paying for Putin’s war?

Commentary / World May 12, 2022

Should Europe stop paying for Putin’s war?

by Peter Singer

If Europeans face economic hardship by ceasing to use Russian energy, is that really too much to ask after the invasion of Ukraine?

Banning Russian LNG tough without supply alternatives, Japan minister says

Business / Economy May 10, 2022

Banning Russian LNG tough without supply alternatives, Japan minister says

Trade minister Koichi Hagiuda did not rule out the possibility of LNG joining the sanction list in the future, while being mindful of Europe's dependency on Russian LNG.

Russian crude keeps flowing while Europe wrangles over sanctions

World / Politics May 10, 2022

Russian crude keeps flowing while Europe wrangles over sanctions

by Julian Lee

Shipments of the nation’s crude were little changed in the seven days to Friday compared with the previous week.

Japan to phase out Russian oil use but remain in Sakhalin energy projects

National May 9, 2022

Japan to phase out Russian oil use but remain in Sakhalin energy projects

by Eric Johnston and Will Fee

The ban "in principle" on Russian oil imports is expected to come in stages, and is expected to have limited effect on Japan's supplies.

G7 commits to Russian oil import ban or phaseout amid Ukraine war

National May 9, 2022

G7 commits to Russian oil import ban or phaseout amid Ukraine war

Japan, a resource-poor country that has been importing Russian crude to diversify its supply sources, had been reluctant to prohibit Russian oil imports.

Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project

Business May 6, 2022

Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project

Its net exposure to Russia, including long-term credit, fixed assets and investments, was reduced to ¥12.3 billion as of the end of March, the company said.

Japan trade minister takes negative stance on Russian oil import ban

Business May 5, 2022

Japan trade minister takes negative stance on Russian oil import ban

"Japan has limited resources and it is difficult for us to immediately align ourselves" with the EU, trade minister Koichi Hagiuda told reporters.

Can Europe survive without Russian oil? Nuclear power may be key.

World May 5, 2022

Can Europe survive without Russian oil? Nuclear power may be key.

by Joanna Gill

After agreeing to cut Russian gas, the EU has proposed a ban on Russian oil imports — but this could further complicate energy security, as prices are spiking.

EU plans to ban Russian oil by the end of the year due to Ukraine invasion

World May 4, 2022

EU plans to ban Russian oil by the end of the year due to Ukraine invasion

The EU is also proposing to cut off Sberbank and other lenders from the SWIFT international payment system, European Commission President Ursula von der Leyen said.

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