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Energy Security

Major Austrian Energy Firm to Leave Iran

13th June 2018 – FDD Policy Brief

Major Austrian Energy Firm to Leave Iran

Saeed Ghasseminejad

OMV, a major Austrian energy firm, will no longer resist U.S. efforts to re-impose sanctions on Iran. “Let’s face it, you cannot simply carry on in Iran,” said CEO Reiner Seele, “U.S. sanctions are a much bigger risk for OMV’s business than any possible compensation that Europe ... could offer.” The OMV reversal follows the decision of oil giants such as Total, British Petroleum, and Lukoil to leave Iran’s market despite European governments’ opposition to U.S. policy. more...

Analysis & Commentary

13th June 2018 – FDD Policy Brief

Major Austrian Energy Firm to Leave Iran

Saeed Ghasseminejad

OMV, a major Austrian energy firm, will no longer resist U.S. efforts to re-impose sanctions on Iran. “Let’s face it, you cannot simply carry on in Iran,” said CEO Reiner Seele, “U.S. sanctions are a much bigger risk for OMV’s business than any possible compensation that Europe ... could offer.” The OMV reversal follows the decision of oil giants such as Total, British Petroleum, and Lukoil to leave Iran’s market despite European governments’ opposition to U.S. policy. more...

30th April 2018 – Foreign Policy

Trump Is Right to Target Saudi-Russian Collusion

John Hannah

For those who want to see what a real case of Russian collusion looks like, check out what has been happening in global oil markets for the past year and a half. In late 2016, Russia and Saudi Arabia conspired to cut supply and raise prices. more...

29th March 2018 – The Hill

The US can breathe easy on Russia-OPEC deal

Boris Zilberman, Varsha Koduvayur

In their latest op-ed for The Hill, FDD’s deputy director of congressional relations Boris Zilberman and senior research analyst Varsha Koduvayur explain why a potential long-term pact extending cooperation with the Organization of the Petroleum Exporting Countries (OPEC) between Saudi Arabia and Russia does not threaten an abandonment of the strong Saudi-U.S. alliance – and why the agreement might actually benefit oil producers in the U.S. more...

22nd February 2017 – The Washington Times

The kingdom, the power and the petroleum

Clifford D. May

Saudi Arabia is changing. When government officials here tell you that, you take it with an oversized grain of salt. But when Saudi human rights activists say the same, you pay attention. more...