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Deadly Militia Attack On US Outpost In Jordan Underlines Iraqi Government’s Weakness
...litias could destabilize a fragile reconciliation between Iraq and its Arab neighbors, and possibly threaten the economic and trade gains that Baghdad hopes will bring much-needed investment from GCC countries (MEES, 8 December 2017). SOPHISTICATED AND STRATEGIC ATTACK The line be...
Volume: 67Issue: 05Published at Fri, 02 Feb 2024 -
KRG’s Oil Sector Hangs By A Thread As Iraq-Turkey Arbitration Nears Closure
...,000 b/d through the link. PIPELINE TO THE WORLD The stretch of pipeline in Kurdistan was built and operated by domestic firm KAR and had an initial capacity of 300,000 b/d. This was expanded to 700,000 b/d and then in June 2017 Russian state-firm Rosneft took a 60% stake and invested in ex...
Volume: 66Issue: 05Published at Fri, 03 Feb 2023 -
Libya’s Power Sector In A Race Against Time
...ka said last month it was “about to start construction” on two gas turbine power plants – 650MW Misrata and 690MW Tripoli West – worth a combined 1.3GW (MEES, 8 January). Enka’s partner on the projects, Siemens, will provide the turbines. At the time of the original award in 2017, Siemens costed th...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
Algeria & Morocco: Uneasy Neighbors
...fore GME crosses into Morocco) to the Medgaz jump-off point at Beni Saf (MEES, 22 November 2019). Morocco and Algeria also exchange electricity through three interconnection points. In 2018, Morocco exported 3.9GWh to its neighbor after importing 149.1GWh in 2017. But these numbers pale in co...
Volume: 63Issue: 05Published at Fri, 31 Jan 2020 -
Qatar 2018 Revenue Surge Finances Renewed Checkbook Diplomacy
...bargo. The Saudi-led embargo was imposed in June 2017 (MEES, 9 June 2017) and so 2018 was its first full calendar-year in force. Economic data shows that Qatar is comfortably weathering the storm, having rejigged a few trade routes to adjust to the new situation. Critical exports of LNG and oil have co...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Qatar’s Emir On Asian Tour
...pplier to Korea, which imported a record 14.3mn tons from the emirate in 2018. Korea is also Qatar’s largest buyer of the fuel (see p5). The potential downsides of Qatar supplying clients with its own LNG fleet was exposed in June 2017 when its neighbors (Saudi Arabia, Bahrain and the UAE) imposed an ec...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Lebanon’s ‘New’ Government Set For Uphill Battle
...d a consortium of Total (40%op), Eni (40%) and Russia’s Novatek (20%) was awarded two exploration blocks (MEES, 15 December 2017). One well, in Block 4, is expected to be drilled this year (MEES, 16 February 2018). The most recent stalemate has already pushed back a planned second bid round in...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Saudi Arabia Launches Latest Investment Drive
...0bn to the kingdom’s GDP by 2030. That amounts to 41% of 2018 GDP, which data for the first nine months of the year implies will be nearly $775bn. Certainly Saudi Arabia could do with an injection of economic growth. After the economy contracted 0.9% in 2017, it edged up by around 1.7% over the first ni...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Corruption Destroying Libya’s Future, Says Oil Chief
...rvival of the country, said the oil chief, arguing that the fair distribution of oil revenue is Libya’s best guarantee of security. OIL MONEY SQUANDERED Libya’s crude output rebounded to an average of 824,000 b/d in 2017 from 380,000 b/d the previous year (MEES, 5 January). The value of each ba...
Volume: 61Issue: 05Published at Fri, 02 Feb 2018 -
Force Majeure A Reminder Of Risks For Energy Producers In Egypt
...vernment in December announced it would pay back $1.5bn of the roughly $6bn it owed international oil companies (IOCs) in unpaid receipts, vowing to repay a further $3bn in instalments by 2017. It has also pledged to improve the terms for offshore gas developments. In the final days of 2013, state-ow...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014