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Suez Canal Boosted By Oil Trade Records
...re substantial than those in the opposite direction. But, as the surge in exports of crude, NGLs and oil products from the US (MEES, 5 January) boosts Atlantic Basin supplies, the gap is closing. • Northbound shipments accounted for 65% of gross Suez Canal oil transit volumes as recently as 2011...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Libya Refinery ‘Resolution’ Fails To Hide Need For Multi-$bn Investment
...bear equally the cost of arbitration in the absence of a “clear prevailing party.” The tribunal dismissed a $4.4bn claim by NOC against Lerco for an alleged refusal to take-or-pay crude deliveries and another claim for payment for oil allegedly delivered to the refinery during the 2011 uprising, Le...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
‘The New Tunisia’: A Work In Progress
...uzid on 17 December 2010. Snowballing protests ultimately ended the 23-year rule of strongman ruler Zine El Abidine Ben Ali on 14 January 2011. Seven years on, Tunisia is one of the ‘freest’ countries in the Arab world. But you can’t eat freedom. Lack of progress on the key socio-economic factors th...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Tunisia’s Loss, Algeria’s Gain
...% of its gas demand, up from 40% as recently as 2011. ‘Import reliance’ hit a record 73% in August. Tunisia’s spending on oil imports is not surprisingly up by even more than spending on gas: not only has output collapsed but international oil prices are around 20% higher year-on-year. The co...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
The Plan: Boost SMEs; The Reality: Boost The State Payroll
...ound 50% of government spending, the figure is only topped by the Palestinian Authority in the Mena region (a region which in turn spends way above the global average). Since 2011, collective bargaining by public sector unions “has led to several exceptional pay increases to respond to social te...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Has Egypt’s Economy Turned The Corner? Time Will Tell
...sition but with very few good news stories coming out of North Africa of late, the recent positivity is a welcome change for Cairo which has had to endure many difficulties since 2011’s Arab Spring. SUEZ CANAL 2017 TRAFFIC (MN TONS): CARGO INCREASES BUT REVENUE STILL BELOW 2014 LEVELS *EX...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018