Japan-Russian oil exploration project meets with U.S. resistance

Jul 14, 2017

Japan-Russian oil exploration project meets with U.S. resistance

A Japanese group's plans to explore for Russian oil with state-run Rosneft PJSC have been stymied by U.S. intervention over sanctions, according to people familiar with the matter. Washington's objection to the Japanese project to explore for oil in the ocean off the Russian Far ...

Oil tanker blast kills over 140 in Pakistan

Jun 25, 2017

Oil tanker blast kills over 140 in Pakistan

An overturned oil tanker burst into flames in Pakistan on Sunday, killing at least 148 people who had rushed to the scene of the highway accident to gather leaking fuel, an official said. Some 140 people were wounded, including 40 in critical condition, said Mohammad ...

Japan, UAE reach broad agreement on investment pact

Apr 24, 2017

Japan, UAE reach broad agreement on investment pact

Japan and the United Arab Emirates agreed Monday to broaden economic ties as Tokyo eyes an extension in Japanese companies' rights in many of the Abu Dhabi oil fields prior to their expiration in 2018. "By realizing the early signing of (the investment) agreement, we ...

U.S. will not give Exxon special permission to drill in Russia

/ Apr 22, 2017

U.S. will not give Exxon special permission to drill in Russia

The United States will not make an exception for American companies, including Exxon Mobil, seeking to drill for oil in areas prohibited by U.S. sanctions on Russia, Treasury Secretary Steven Mnuchin said on Friday. The unusually direct statement served to clarify that the United States ...