Head Of U.S. State Department's Energy Office To Step Down

Posted by Joseph R. Fonseca
Sunday, June 15, 2014
Carlos Pascual is the State Department’s Special Envoy and Coordinator for International Energy Affairs

 

The head of the State Department's office in charge of energy diplomacy will step down in August after playing a key role in getting countries such as China, India and Japan to cooperate with Western sanctions on Iran, officials said on Friday.

Carlos Pascual became an important player in Washington's effort to place tough new sanctions on Iran over its disputed nuclear program soon after the bureau of energy resources was launched in 2011.

The State Department said Pascual had decided to return to private life.

He traveled to countries in Asia, Europe and the Middle East with officials from the Departments of Treasury and Commerce to ease the way for sanctions that slashed oil production from one of OPEC's top crude producers.

The sanctions have halved Iran's oil sales since mid-2012 in efforts by the Washington and the European Union to cut funding to the country's nuclear program. The West suspects the program aims to develop a weapon. Iran says the program is for peaceful purposes.

Pascual also led the bureau as the United States became a far larger producer of oil and gas. Soon the United States is expected to be the biggest oil producer, surpassing both Russia and Saudi Arabia, which opens up questions about how Washington will handle the new bounty.

He was formerly ambassador to Mexico and to Ukraine, where he has traveled since Russia invaded and annexed Crimea and worked to find it alternative fuel sources.

His successor could face tough energy diplomacy issues on multiple stages, including in Iraq, where insurgents this week have been taking over cities in the north.

(Reporting by Timothy Gardner; Editing by Lisa Shumaker)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

The Odd Trio - HMM, Maersk and MSC

In one of the more bizarre twists in the container shipping market it emerged last week that financially troubled carrier South Korean Hyundai Merchant Marine

Norwegian Unions Say 755 O&G Workers Could Strike

About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline,

Day of Seafarer: ICS Highlights Seafarers Role in Migrant Rescues

Gerardo Borromeo, Vice Chairman of the International Chamber of Shipping (ICS) took the opportunity today to highlight the courage that is currently being displayed by seafarers,

Legal

CMA CGM Crosses 90% Ownership Threshold in NOL

CMA CGM S.A.  has crossed the 90% ownership threshold in Neptune Orient Lines Limited (NOL).    Following its all-cash voluntary conditional general offer (Offer)

UAE Top Court: Physical Bunkers Suppliers Have No Right to Recourse against Owners/Charterers

The OW saga - UAE Federal Supreme Court decides that physical suppliers of bunkers have no right to recourse against Owners/Charterers. In the first decision

Antwerp Port Extends Partnership with DMU of China

The port of Antwerp is to collaborate with Dalian Maritime University (DMU) in northern China for the next three academic years. DMU is a prestigious Chinese maritime

Finance

Hanjin to Return 38 Vessels Next Year

Hanjin Shipping is planning to return a total of 38 chartered vessels once their contracts end as part of its restructuring efforts, reports korea Herald.   A

Morocco Sells 40% Stake in Port Operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year,

Panamax Vessel Demand Keeps Baltic Index Up

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for a fourth straight session as higher demand

News

The Odd Trio - HMM, Maersk and MSC

In one of the more bizarre twists in the container shipping market it emerged last week that financially troubled carrier South Korean Hyundai Merchant Marine

Red River Closed after Barge Grounding

The Red River was closed Sunday from mile marker 40 to mile marker 42, after a barge reportedly ran aground and was protruding into the channel near mile marker 41, according to the U.

Norwegian Unions Say 755 O&G Workers Could Strike

About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline,

People in the News

Panama Opens Canal Extension Amid Risk, Cost Issues

Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping

Austal Delivers Seventh EPF7 to US Navy

Austal Limited (Austal) informed that the U.S. Navy has accepted delivery of USNS Carson City (EPF 7) from Austal USA, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile,

Antwerp Port Extends Partnership with DMU of China

The port of Antwerp is to collaborate with Dalian Maritime University (DMU) in northern China for the next three academic years. DMU is a prestigious Chinese maritime

Communication

PGS, Radio Holland Expand Service Agreement

Norwegian marine geophysical company PGS has extended its non-exclusive service agreement with Radio Holland for navigation and communication services onboard nine seismic vessels in its global fleet.

Simrad Tech for Sydney Fast Ferries

Four new fast ferries, owned and managed by Manly Ferries and operating in the busy waters of Sydney Harbour, will use Simrad technology for safe navigation. The

Maersk Line's Remote Control Management

One of Maersk Line's  innovations turns the reefer container into a digitally connected device!   "At Maersk Line, we’re always looking for ways to improve cargo care on behalf of our customers.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1275 sec (8 req/sec)