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Kuwaiti Government Resigns. Again
...quired to ease the government’s reliance on direct oil revenues by tapping into its dollar reserves has been stuck since October 2017. With government ministers objecting to the debt relief bill, and MPs seeking to “grill” two cabinet ministers, the cabinet opted to resign. Prime Minister Sheikh Ah...
Volume: 66Issue: 04Published at Fri, 27 Jan 2023 -
Turkey Planning More Drilling Off Southern Cyprus
...ports, and the government spokesman, implied that Ankara had used nefarious tactics to obtain the data, going as far as also claiming that Eni had colluded with Turkey. Ultimately, the data had been published in 2017 on a government website, then subsequently removed. ...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Iran: Exports Edge Up But Outlook Remains Bleak
...port data as the only reliable source of numbers – and by definition such data does not cover bonded storage. IMPORTS OF IRANIAN CRUDE & CONDENSATE ('000 B/D): VOLUMES EDGE UP IN DECEMBER; 2018 DOWN 580,000 B/D ON 2017 *INDIA & TURKEY DEC FIGURES ARE ESTIMATES BASED ON SHIPPING DATA AND RE...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya Halves 2018 Budget Deficit But Remains Hostage To Oil And Conflict
....5% is factored in. Of this, oil and gas income accounted for a massive 93%, a five year high: any semblance of economic diversification is a long way off (see table). Non-oil revenues came in at a puny LD2.4bn, not only a whopping 56% lower than the figure projected in the budget but 23% down on 2017...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
KRG’s Creaking Political Edifices Struggling To Cope With Referendum Fallout
...Iraqi Kurdistan’s political scene has been dominated by two parties for more than 40 years, but the fallout from September’s pyrrhic victory threatens each entity. September 2017’s referendum on Kurdistan’s independence provoked a fierce response from Baghdad which has decimated the re...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Iraq: Mosul Offensive Gains Momentum Amid Lingering Failures
...latively modest progress so far, restarting production any time in 2017 may prove too ambitious a goal. ...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
Politics Prioritized As Lebanon Advances Bidding Plans
...e end of 2017. The timeline is ambitious, especially given that three of the five blocks – numbers 8, 9 and 10 – contain a 854km² wedge also claimed by Israel (see map), with whom Lebanon has no diplomatic relations. The other two, 1 and 4, are in the north of Lebanon’s offshore – further from ex...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
Total: Cyprus “Thrilling”
...Total says Cyprus is a “thrilling prospect” for 2017 with the firm set to drill its Block 11 in April. Eni’s 30 tcf 2015 Zohr discovery was in Egyptian waters just 6km to the south. Total eyes similar geology. The French firm refutes reports of delayed drilling due to uncertainty over its lo...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
Iraq’s Leaders Admit To Economic Woes
...ectric to boost production capacity, noting that payments would be over three years, starting in 2017, because right now Iraq does not have the money. GE is thus betting on an Iraqi fiscal recovery. Right now that recovery appears a long way off (MEES, 22 January). Finance Minister Hoshyar Zebari ca...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016