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Baghdad Scrambles To Keep US Sanctions Waivers On Iran Electricity Imports
...mains questionable given substantial damage to the region’s infrastructure when under ISIS control in 2014-16 . Mr Sudani also highlights Iraq’s plans to import electricity via the GCC’s common interconnector and Jordan this summer. Having missed its earlier end-2024 target, the GCC Interconnection Au...
Volume: 68Issue: 07Published at Fri, 14 Feb 2025 -
Baghdad - Erbil Oil Law Deal Stuck In Limbo
...Maliki’s priority appears to be holding the SCF together given the ever-present threat of Mr Sadr. “Maliki cannot risk a Sadr comeback. The Kurds have been financially struggling since 2014 and [to Mr Maliki] it is not the end of the world if they struggle for another year” muses the KRG so...
Volume: 66Issue: 07Published at Fri, 17 Feb 2023 -
Iraq’s Supreme Court Rules Against KRG Oil Independence
...deral budget in February 2014” leading “to a major financial crisis in the region.” Adding that it started exports in March 2014 “in an attempt to secure salaries and public services.” In its litigation, Erbil also had said that Baghdad had agreed to its independent exports by budgeting for the re...
Volume: 65Issue: 07Published at Fri, 18 Feb 2022 -
Iraq Struggles To Find Developers For Mansuriya Gas Field
...%). The consortium halted development of the Diyala province field in 2014 due to Islamic State attacks across the province (MEES, 10 October 2014). Security concerns remained despite the Islamic State being pushed back, and in 2018 Baghdad announced it would develop the field itself (MEES, 3 August 20...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
IOCs ‘Exclude’ Libya From 2019 Plans
...serves on its Murzuq basin acreage (MEES, 31 January 2014), however, of the six wells planned for 2014 only three were drilled before worsening security saw the canning of not only these three wells but also six further wells slated for 2015 (MEES, 13 March 2015). No wells have been drilled since. Re...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Tunisia: Oil & Gas Slump, Tourism Collapse – Bonds To The Rescue?
...e economy. 2014 revenue of $2.14bn equated to 7% of GDP but that was before a precipitous 54% fall in 2015 with terrorist attacks at Sousse and on Tunis’ Bardo museum. Sky-high youth unemployment of 35%, rising to 67% for recent graduates according to IMF stats, has helped fuel the labor unrest (ma...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
KRG Looks To Call Abadi’s Bluff On Salary Gambit
...fectively, this would mean a return to the defunct December 2014 revenue sharing agreement. In accepting Mr ‘Abadi’s offer, the KRG said “each month it needs ID980bn [$820mn], ID336bn [$281mn] of which is paid to Peshmerga forces”. Figures released by the KRG Ministry of Natural Resources (MNR) on 16...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Tunisia Bags EU, IMF Cash But Oil & Gas Output At Record Lows
...ring the democratic transition process. The latest cash will come in three instalments and could start later this year. The EU’s previous €300mn package for Tunisia was approved in May 2014, with two tranches of €100mn disbursed so far this year and the final tranche slated for 2Q 2016. Tunisia has al...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Now Or Never For Iran Oil As US Cranks Up The Rhetoric
...rgeted investments in oil, gas and petrochemicals projects – encompassing banking and insurance transactions – and more recently third-country purchases of Iranian crude, which as a result, have tailed off dramatically over the past two years: total imports of Iranian oil were at just 1.1mn b/d in 2014, do...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Saudi Arabia Wakes Up To Yemen Threat
...onomy (MEES, 19 December 2014). NEXEN TO QUIT Oil and gas operations in Marib, Shabwa and Hadhramaut provinces have continued, though intermittently, as a result of the crisis. Canadian independent Nexen is set to become the latest oil company to relinquish acreage following similar moves by Dove En...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Enigmas Of The Islamic State Of Iraq And The Levant
...hadist movements in Syria consisted initially of words. This was followed by open warfare between the militias, over territory, oil smuggling and leadership. Since early January 2014, ISIL won the upper hand over several militant Jihadist militias, Jaish al-Mujahidin, the Islamic Front, and the Syrian Re...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014