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Iraq Struggles To Find Developers For Mansuriya Gas Field
...nistry of oil, it really shouldn’t have. The field was originally to be developed under a 2011 contract by a consortium of Turkey’s TPAO (22.5%op), Korea’s Kogas (15%), and the Kuwait Energy subsidiary of Hong Kong based United Energy Group (UEG 22.5%) alongside state-owned Oil Exploration Company (OEC 25...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Oil Blockades Take Their Toll On Libya
...on fall to zero. And for now, the key instigator of the crisis, eastern general Khalifa Haftar, looks unlikely to give in. Libya is deeply divided. It has two rival governments, two central banks and two national oil companies. The chaos following the 2011 overthrow of Muammar Gaddafi has de...
Volume: 63Issue: 07Published at Fri, 14 Feb 2020 -
Iran Exports: Korea Restart Amid French Euro-Hope
...17 *TURKEY DEC FIGURE is ESTIMATE BASED ON SHIPPING DATA AND REUTERS REPORTS. ^^FRANCE, AUSTRIA INCLUDED IN 'OTHER EU' FOR 2011, 2012. SOURCE: NATIONAL IMPORT STATISTICS, REUTERS, BLOOMBERG, MEES....
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
IOCs ‘Exclude’ Libya From 2019 Plans
...6mn b/d by end-2019 – a level last reached before the 2011 revolution (see chart 1) – and ultimately 2.1mn b/d by 2021. But the outlook remains bleak. The central bank and internationally-recognized government based in Tripoli have yet to agree a 2019 budget, whilst the key 315,000 b/d-capacity El Sh...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
East Med Gas: Troubled Waters
...e incentives for Lebanon’s government. Whilst any sort of comprehensive peace agreement remains as far away as ever, the US has attempted to mediate a de facto agreement on their maritime boundary. In 2011 it sent diplomat Frederick Hoff to Lebanon in hopes of resolving the dispute. The so-ca...
Volume: 61Issue: 07Published at Fri, 16 Feb 2018 -
Tunisia: Oil & Gas Slump, Tourism Collapse – Bonds To The Rescue?
...achieving a total of $2.85bn in external financing including $550mn via a sukuk. Tunisia’s economy has struggled since the 2011 Arab Spring. More democracy has meant more instability and a rise of Islamic extremism, with the key tourism and energy sectors badly hit. Tourism is a pillar of th...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
Libyan Unity Still Distant As Oil Trading Disputes Fester And IS Power Grows
...ng.” As has been the case since the ousting of former leader Mu’ammar al-Qadhafi in 2011, one of the biggest barriers to the agreement has been control over the country’s oil resources. The country’s crude oil output dropped to just 317,000 b/d in late January compared to some 1.6mn b/d prior to the fa...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Tunisia Bags EU, IMF Cash But Oil & Gas Output At Record Lows
...ansition process has been facing so many economic challenges since 2011;” recent terrorist attacks “have exacerbated an already vulnerable balance of payments and fiscal position, creating important financing needs,” he says. Tunisia, the pioneer of the 2011 Arab Spring revolts, suffered several deadly at...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Now Or Never For Iran Oil As US Cranks Up The Rhetoric
...wn more than 55% from 2.53mn b/d in 2011, before the sanctions ramped up (MEES, 6 February). Iran and the six world powers of Britain, France, China, Russia, Germany and the US have since last February been locked in talks to turn an interim agreement reached in November 2013 into a comprehensive ac...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Enigmas Of The Islamic State Of Iraq And The Levant
...inly an Iraqi group until its entry into the Syrian conflict. While ISIL was established following the 2003 US occupation of Iraq, it was able to spread quickly and forcefully within the Iraqi Sunni community, spreading its influence in eight provinces, including Baghdad. The 2011 Arab Spring has pr...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Saudi Succession Remains Unclear
...wer to choose the crown prince (but which does not appear to have played much of a part in the appointment of a successor to Prince Sultan in 2011 or Prince Nayif in 2012). Perhaps all that can be concluded from the latest developments is that the Allegiance Commission, for whatever reasons, has yet to...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
UAE Takes On The Muslim Brotherhood
...sed international Muslim Brotherhood organization. However, since the ‘Arab Spring’ of 2011 the activities and objectives of Jam’iyat al-Islah, particularly in the UAE, have changed dramatically, as did the Brotherhood’s goals, which moved from merely using the Gulf state as a source of fu...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013