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P E T R O L E O S M E X I C A N O S INDICE GENERAL SECTOR INTERES Rosneft and the sanctions policy which could backfire. Financial Times La caída del petróleo presiona a Irán para lograr un acuerdo nuclear El Pais Schiste: lAlgérie insiste malgré la contestation Le Figaro Mexico’s Budget Cuts Prompted by Oil’s Drop, Financing Outlook Wall Street Journal Australian wind farms face $13 billion wipeout from political impasse Japan Times Factbox: Union Strikes at 11 U.S. Refineries, Chemical Plants New York Times Pemex to cut capital spending Financial Times ?Cuánto cuestan las empresas eléctricas? El Comercio El crudo marcador El Comercio Second-Guessing the Global Economic Funk New York Times Oil-Price Rebound Predicted Wall Street Journal Mexicos Stocks, Peso Gain as Oil Prices Rise Wall Street Journal Encana’s Worries About an Energy Glut Aren’t Over Yet Wall Street Journal PRENSA INTERNACIONAL SECTOR INTERES Rosneft and the sanctions policy which could backfire. The urgent attempts by Europe’s leaders to negotiate a solution to the crisis in Ukraine represent an open acknowledgement that the policy of sanctions has so far failed. Mr Putin continues to destabilise the Government in Kiev and to undermine its authority in the east of the country. They may also reflect a growing realisation that sanctions are in danger of backfiring. Greece faces a serious debt crisis but at least the debate on how to resolve that crisis is now being held in the open. we know the options and the risks. In Russia, however, there is another debt crisis which is going unmanaged and which could easily get out of hand. Rosneft is Russia’s principal oil and gas business producing over 4 mbd of oil and 38 tcf of gas. The company is 69 per cent owned by the Russian state and has a market value of some 2.6 trillion roubles. Over the last five years as the oil market boomed with prices over $100 per barrel Rosn