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Israel & Egypt’s Blossoming Energy Relationship
...ck in 2014 signed Letters of Intent to pipe Leviathan gas to Idku (MEES, 4 July 2014) and Tamar gas to Damietta (MEES, 9 May 2014). Tying back Leviathan to one of the existing-but-underutilized Egyptian LNG plants always made sense economically. The estimated cost of $3bn, including four ad...
Volume: 64Issue: 08Published at Fri, 26 Feb 2021 -
Algeria Posts 5th Straight Trade Deficit
...$6.11bn for 2019 (see chart). Oil and gas revenues are down 15% at $33.24bn – half levels consistently reached before the 2014 oil price crash and a substantially larger slump than the 9% fall to $64.5/B in the price of Algeria’s Saharan Blend crude. This reflects the fact that gas prices have been un...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Baghdad-Erbil Refining Deal Signals Pragmatism Winning Out
...G). Mr Luaibi says the agreement will allow the production of badly needed fuels for the Nineveh, Kirkuk and Diyala provinces. These include areas liberated from Islamic State (IS) jihadists. Iraq has suffered acute products shortages since IS badly damaged the 310,000 b/d Baiji refinery in June 2014. Ba...
Volume: 60Issue: 08Published at Fri, 24 Feb 2017 -
Iraq: Abadi’s ‘Technocrat’ Reshuffle Plan Slim On Detail
...eceding government had distributed state-controlled properties to officials to buy support. As for the technocrat government, Mr Abadi did not give details, but sufficed with explaining his rationale. He argued that given that the key challenge when he was elected in September 2014 was the collapse in se...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Gulf States Consider Yemen Options As Houthis Consolidate
...the Asian and US markets. OIL SUPPLY DISRUPTIONS The decline in Yemen’s oil production has contributed to supply disruptions estimated by UK oil major BP in its latest medium-term outlook at 3mn b/d in 2014. BP notes that Libyan production had fluctuated throughout the year, while civil wa...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015