Energy Archive

The dust is beginning to settle after Crown Prince Mohammed bin Salman surprised observers with a purge of prominent members of the Saudi royal family and business community nearly two months ago. Debate continues over how much the detention of 320 key figures in Riyadh was a decisive move to stamp out corruption in Saudi society, or the culmination of a power grab that has unfolded since Mohammed bin Salman burst onto the scene when his father became king in January 2015. Either way, it is clear that policymaking authority is concentrated in one individual to a degree unprecedented in […]

Despite announcing a breakthrough in their protracted negotiations over a maritime boundary in August, Australia and East Timor have yet to finalize an agreement that would allow them to move forward on the joint development of an important natural gas field. The delay is in part due to the difficulties of conducting a trilateral negotiation involving the two governments as well as private interests. In an email interview, Bec Strating, a lecturer in the department of politics and philosophy at La Trobe University in Australia focusing on Indonesia and East Timor, which is also known as Timor-Leste, explains the background […]

The lifting of international economic sanctions on Iran following the 2015 nuclear agreement opened the doors to what many observers expected to be a rush of foreign investment. Yet lingering restrictions from the United States and the decision in October by the Trump administration to decertify the Iran deal have kept some European firms at bay, while China has exploited opportunities in their absence. In an email interview, Nader Habibi, the Henry J. Leir professor of economics of the Middle East at Brandeis University’s Crown Center for Middle East Studies, discusses China’s involvement in Iran before and after the nuclear […]

After President Donald Trump reluctantly signed legislation in August imposing new U.S. sanctions on Moscow for its interference in the 2016 U.S. presidential election, Russia’s parliament last month drafted a bill that would try to shield Russian banks from further sanctions by obscuring their investments in the state-controlled arms industry. The United States and the European Union have imposed multiple layers of sanctions on Russia since 2014 for its actions in Ukraine. In an email interview, William Courtney, an adjunct senior fellow at the RAND Corporation and former U.S. ambassador to Georgia and Kazakhstan, discusses the impact of Western sanctions […]

On Nov. 26, Venezuelan President Nicolas Maduro handed over leadership of the national oil company, PDVSA, to Manuel Quevedo, a general with no experience in the energy sector. The move comes after a series of arrests of officials within PDVSA on corruption charges, including six earlier in November. In an email interview, David Smilde, a senior fellow at the Washington Office on Latin America and curator of the blog Venezuelan Politics and Human Rights, discusses Maduro’s underlying political motivations for the moves and the military’s increasing control of Venezuela’s economy. WPR: Maduro has arrested around 50 PDVSA officials since August, […]