Iran's Mossadegh and Modi Exploration and Promotion of Oil sector in Bharat

History

Oil supply discovered in Middle East

Since geologists determined that the Earth's largest supply of oil was under the Middle East, there have been many struggles for control of this precious resource.

1953 - Iran nationalised oil fields

In 1953, Iran's prime minister, Mohammed Mosaddegh, nationalized the country's oilfields.

CIA and MI6 conspired against the Iran government

But American and British intelligence agencies overthrew Mosaddegh's government.

1980s - War between Iran and Iraq

In the 1980s, Iran and Iraq fought a war in which both sides bombed oil refineries on land and oil tankers in the Persian Gulf.

1990 - Iraq invaded Kuwait

In 1991, Iraq invaded Kuwait, claiming that Kuwait was draining the oil deposit under both countries (slant drilling)

2003 - US invaded Iraq

In 2003, when the Americans invaded Iraq, part of the justification for war was to take away Iraq's ability to use "weapons of mass destruction," but another motivation was American control of Iraqi oil fields.

Declaring oil as fossil fuel, a SCAM…

• Fuel was free once but Rothschild and BlackRock scam people. Current updates - Video

JD Rockefeller in 1892

• In 1892, at the Geneva Convention, the smartest man in the oil industry J.D. Rockefeller paid scientists to call oil a 'fossil fuel' to induce the idea of scarcity, in order to set a 'world price for oil'.

• The truth is that oil is actually the second-most prevalent liquid on earth next to water, and regenerates within the earth faster than it can ever be depleted.

Oil and Pharma lobby

• Petro-chemicals are the major content of medicines.
• Oil and Pharma lobby, 2 sides of the same coin.
• Now you understand why Bharat is promoting Ayurveda and the invisible war Modi is fighting with Oil, Pharma and Arms lobby Current updates - Video

Biggest Crude oil spikes

3rd - Iraq - Kuwait war in 1990

• Iraq attacked Kuwait in 1990, accusing that Kuwait was overproducing crude oil by slant drilling.
• This meant Iraq was accusing Kuwait of drilling and extracting Iraq's oil.
• Both the countries combined were producing about 8% of the global crude oil.
• During the conflict, this supply got hampered and resulted in reduced oil production, which caused the oil price to surge over 100%.
• In 1991, a coalition of 35 countries led by the U.S. decided to launch a counter to Iraq.
• The aim was to make it stop the conflict against Kuwait.
• This resulted in reduced prices of crude oil.

4th - Russia Ukraine SMO in 2022

• The fourth biggest shock was actually quite recent, during 2022.
• The crude oil price jumped by 60 to 70% at the start of the Russia-Ukraine conflict.
• When the conflict started, many Western countries stopped buying crude oil from Russia in protest.
• This shortage led to the surge in the crude oil price.
• Europe was also very heavily dependent on Russia for natural gas.
• They reduced importing natural gas over time, which increased the price of natural gas too.
• Since Europe was not buying Russian oil, there was a shortage, but China and India started buying the Russian oil soon.
• The shortage vanished, and oil prices reduced to earlier levels.

June 2024

Saudi Arabia not renewed the 50 year petrodollar agreement with US

Saudi Arabia has not renewed the 50-year "petrodollar" agreement with Washington.

Signed in 1974

The Security Agreement signed by Saudi Arabia and the United States on June 8, 1974, expired, and Riyadh refused to extend it.

Obliged to sell in dollars

This document obliged the Saudis to sell oil only for dollars.

Expired with no renewal

Now there is no such restriction.

US imported Russian oil till last November

Despite imposing sanctions on Russia over its invasion of Ukraine, the United States imported Russian oil worth $2.7 million and $749,500 last October and November, respectively, a report by Russian state-owned Sputnik Globe news has claimed.

US imposed ban on March 2022

US had in March 2022 imposed a ban on import of oil, gas, and other energy resources from Russia, besides imposing sanctions targeting Russian individuals, entities, and sectors.

Set a price cap of $60 per barrel

the US had to pay a much higher price for Russian oil than the “price cap” of $60 per barrel, which Washington and its European allies had set in 2022.

Russian oil flowing into US military supply chains

Report by The Washington Post in November last year revealed that banned Russian oil was flowing into the US military’s supply chains, primarily due to a Greece-based supplier Motor Oil Hellas refinery, which has been receiving and refining crude of Russian origin.

India bought 1.45 millions barrels per day till November 2024

New Delhi bought 1.45 million barrels per day of Russian oil last month — hitting its lowest since last January and down nearly 16 percent from November last year, according to global energy trade intelligence platform Kpler. Over the past few months, its oil imports from Moscow have been on a decline. Print

November 2024

France, Hungary, Spain - Largest importers of Russian gas

France, Hungary and Spain have become the largest importers of Russian gas in the European Union, cumulatively purchasing more than half of the total volume of supplies from Russia.

France - 1.9 billion euros

Between January and August 2024, France increased its imports by 30 percent to €1.9 billion.

Hungary - 1.6 billion euros

Hungary imported 1.6 billion euros worth of gas despite a one-third reduction in purchases.

Spain 1.4 billion euros

Spain purchased €1.4 billion worth of Russian gas.

Other major buyers in Europe

Other major buyers of Russian gas in the EU include

• Italy (€1.3 billion) and
• Greece (€919 million).
• Lithuania and Finland have also increased purchases, growing imports by 41% and 36% respectively, although their volumes remain small.

Russia delivered 9 billion euros in 2024 to EU

• In 2024, Russia delivered €9 billion worth of gas to EU countries, of which €4.6 billion was pipeline gas and €4.4 billion was liquefied natural gas (LNG).
• Russian Deputy Prime Minister Alexander Novak earlier confirmed the country's readiness to continue gas supplies to Europe.

January 2026

Russia asks United States to stop pursuit of fleeing Oil tanker in the Caribbean Sea

The government of Russia has made a formal diplomatic request that the United States stop its pursuit of an oil tanker that has been sailing for Venezuela and is now fleeing the post-Garde in Atlantic Ocean.

Bella 1, from Iran to Venezuela

American forces tracking the tanker known as the Bella 1 for nearly two weeks. The ship, which started its journey in Iran, had been on its way to pick up oil in Venezuela when US forces tried to stop and board it in the Caribbean Sea.

Without national flag, susceptible for boarding

• The US authorities said that the ship was not flying with a valid national flag, making it a stateless vessel susceptible to boarding under international law, and said they possessed a seizure warrant.
• But the crew of the Bella 1 refused to comply and sailed back towards the Atlantic.

Registered with home port of Sochi, Black sea

In the days since the ship has tried to claim the protection of Russia with its crew painting a Russian flag on the side and radioing the coast guard to say they were sailing under Russian authority. The Bella 1 recently appeared in the Russian official register of ships under a new name, the Marinera, with a home port of Sochi, on the Black Sea.

US in possession of 2 tankers

The United States has boarded and taken possession of two other tankers in the Caribbean sea.

Venezuelan Navy accompanying tankers

Mr. Maduro has ordered the Venezuelan Navy to accompany some tankers leaving his country and has considered putting troops on board, potentially heightening the chances of an armed confrontation with EU's forces on the high seas. NYT