Australia's largest stock trading and investment forum Australia's #1 stock forum

Middle east oil geopolitics, page-3

First 3 Last

Share
Profile

Follow
eshmun

12,259 Posts.

3833

02/02/16

19:08

Post #: 16925159
Share

Originally posted by eshmun ↑

Just to give an idea (if that link I put up is correct) and Al Qaeda have retaken Azzan that's just more headaches for the Saudi coalition.

Below is a Google image showing the location of Azzan and the port of Al Mukalla that the article says that Al Qaeda control and an image from the Washington Post showing the oil producing area of Marib (and pipeline) and the areas of Houthi control in mid 2014 before taking control of the capital in Sept 2014.

https://en.wikipedia.org/wiki/Houthi_takeover_in_Yemen

According to ExxonMobil's website they own interests in the Marib and Jannah blocks which produce on average 195,000 b/d and "the fields produce to a central oil production unit, then through a pipeline to Salif on the Red Sea, where a 3MB FSO holds it for export. Loading is from Ras Isa Marine Terminal, operated by Yemen Hunt Oil Company."

http://www.exxonmobil.com/crudeoil/about_crudes_marib.aspx

Yemen is very messy for the Saudis, the UK and the US as you can see. Trying to defend Marib and Salif will ultimately prove futile in my opinion whilst the Russians remain in Syria backstopping Iranian power and creating power vacuums for groups like Al Qaeda and ISIS. Well that's the way I read it at least.

Eshmun

Expand

Sorry here are the images that go along with my last post. Eshmun

SXY Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

Reply

Top Stories

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

OPL

Opyl forms JV with UK and US consortium to bring products to the world

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM