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Libya Revenues At 5-Year High But Remain Unstable As Noc Eyes Gas Boost
...volutionary year of 2011. At a press conference in Benghazi on 6 January NOC chief Mustafa Sanalla said the country’s current output is 953,000 b/d, with a 2018 average figure of 1.107mn b/d. The latter figure, presuming that it is accurate, almost certainly includes NGLs. MEES estimates Libya’s 2018 cr...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Egypt Delays Subsidy Reform With Economy On The Mend
...tbacks since the 2011 ouster of former President Husni Mubarak. Revenue has slowly picked up since the October 2015 downing of a Russian passenger jet over the Sinai Peninsula but it appears trouble is never far away. On 29 December a roadside bomb in Giza killed three Vietnamese tourists and their Eg...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019 -
Algeria Set For 11th Straight Deficit In 2019
...dget anticipating a $17.4bn deficit. Algeria has run up cumulative budget deficits of over $100bn since 2009, with deficits recorded even in 2011-14 when oil prices were over $100/B. They have ballooned since as oil prices tanked (see charts 1 &2). 2017 was the closest Algeria has got to ba...
Volume: 62Issue: 02Published at Fri, 11 Jan 2019