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KRG-Baghdad Rapprochement To Be Tested By Budget Agreement
...ll under central government monitoring and all other similar accounts shall be closed.” These points have also been enshrined in Article 14 of the proposed 2023 budget legislation. Since the KRG began independent oil exports in 2014, revenues have been paid into an escrow account with Turkey’s Ha...
Volume: 66Issue: 12Published at Fri, 24 Mar 2023 -
Marib Conflict Threatens Yemen’s Struggling Oil Sector
...ipments for both crude feedstock and products output. Since Yemen’s civil war broke out in 2014 the damage inflicted on the country’s already long-suffering population has been severe. In 2015, Saudi Arabia entered the fray concerned that Houthi gains could essentially give rise to a Yemeni Hezbollah on...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Rosneft: Russia Mixes Business With Politics In Mena Expansion
...rdish oil since 2014 to $3bn, implying Rosneft has coughed up around $1bn. There are indications that Rosneft is using this as leverage over the cash-strapped government. Reuters reports that Rosneft is after light crude for its German refineries, which dovetails with Rosneft’s statements. Two days af...
Volume: 60Issue: 12Published at Fri, 24 Mar 2017 -
MEES Special Report: Jihadist Instability In North Africa And Beyond
...the city is imminent. That same day, IS also engaged in small arms fire against Firebase Bell, a US artillery outpost in northern Iraq. US forces returned to Iraq in 2014, but Firebase Bell is the first independent US base of its kind, having only been staffed two weeks earlier, and came under fi...
Volume: 59Issue: 12Published at Fri, 25 Mar 2016 -
Algeria, Poland To Share Shale Tips As Protests Continue
...e HBNS and El Merk fields on Blocks 404a and 208. Talisman was recently taken over by Spain’s Repsol (MEES, 19 December, 2014). As well as Talisman having considerable shale experience in North America, Repsol has been exploring shale formations in Morocco. The firm last month said that it has ap...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Tunisia Attack
...tacks, the Italian cruise company Costa Crociere said it had cancelled stops at Tunisian ports for security reasons. The government is attempting to introduce political and economic reforms to tackle an unemployment rate of 15%; youth unemployment is much higher still (MEES, 23 May 2014). Though Tu...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Iran Nuclear Talks Resume In Shadow Of Rising Crude Exports
...% from 2.53mn b/d in 2011. Asian Domination Since Western sanctions on Iranian crude oil sales came into effect, the Asian quartet of China, India, Japan and South Korea have together accounted for around 85% of the Islamic Republic’s crude and condensate sales. In the first two months of 2014...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Iran Ends Year On Gloomy Economic Note
...IRAN Iran Ends Year On Gloomy Economic Note As the curtain comes down on the Iranian year 1392 on 20 March 2014 negative economic indicators continued to emerge. Tehran hopes to end the year with “good news” of zero growth, Iran’s Finance Minister Ali Tayebnia says, fo...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
East Africa To Take Charge Of South Sudan Ceasefire
...wn since the first week of 2014. Until late last month, South Sudan’s remaining production – coming solely from its Upper Nile fields – was running at close to 200,000 b/d capacity. But recent clashes have since affected production from the state, with government estimates this week putting total ou...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Jordan Bags $783m Loans
...pends heavily on foreign grants to reduce its budget deficit, expects to receive JD1,151mn ($1,623mn) in foreign grants in 2014, up form JD982mn ($ 1,385mn) in 2013 (MEES, 21 February). Jordan’s Latest Loans Source $Mn Pu...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Iraq Ten Years Later: A Country On The Brink Of Disintegration
...nister following the January 2014 elections, Sunni and Kurdish parties will be left with little choice but to refuse to participate in any future government. On the other hand, if Mr Maliki is not allowed to run for a third term, or if his coalition fails to win a majority, the 2003 political process wi...
Volume: 56Issue: 12Published at Fri, 22 Mar 2013