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Yemen’s Houthis Revive Threats to Saudi Arabia on Conflict’s Nine-Year Anniversary
...lks and captured the capital Sanaa (MEES, 19 December 2014). But now, nine years later, the battle-hardened Houthis are stronger than ever, having consolidated their positions in Yemen and secured more Iranian backing. As Saudi Arabia has sought to extricate itself from Yemen’s conflict and thaw re...
Volume: 67Issue: 13Published at Fri, 29 Mar 2024 -
Baghdad & Erbil Locked In Standoff As Oil Exports To Ceyhan Come To Complete Halt
...ound 500,000 b/d of crude oil from northern Iraq to its export terminal at Ceyhan following a long-awaited ruling by the Paris-based International Chamber of Commerce (ICC) on the case filed by Iraq in 2014 against Turkey for facilitating Iraqi Kurdistan’s independent oil exports. Turkey’s swift re...
Volume: 66Issue: 13Published at Fri, 31 Mar 2023 -
Tunisia Oil & Gas: Major Exodus Looms
...er. There have been no major exploration campaigns or projects of late. And if it wasn’t for the need to see Nawara, on which it took FID in 2014, through to start up, there is little reason to believe OMV would still be in Tunisia. Instead, would it not be better to have smaller but more en...
Volume: 64Issue: 13Published at Fri, 02 Apr 2021 -
Israeli-Arab Relations Under The Spotlight As Leviathan Start-Up Nears
...More than $17bn-worth of gas sales deals have been signed since 2014 to supply Israeli gas to Jordan and Egypt despite sporadic public disapproval, primarily in Jordan. Crunch time is fast approaching with the 22tcf Leviathan field due online by year’s end. Israel’s relations with Egypt ha...
Volume: 62Issue: 13Published at Fri, 29 Mar 2019 -
Iran Looks To Europe As Trump Fears Threaten Embattled Economy
...ump from the second half of 2014 then hurt Iran further, with oil revenues bottoming out at $27bn in 2015 before rising to an estimated $59bn last year. For any re-imposition of US sanctions to hit Iran where it hurts, in the pocket, it’s going to need to be coupled with cooperation from foreign pa...
Volume: 61Issue: 13Published at Fri, 30 Mar 2018 -
Libyan Oil Output Gains Go Into Reverse Amid Growing Instability
...rce. The Third Force wrested control of the Sharara oil fields from Tebu and Zintani members of the local Petroleum Facilities Guard in November 2014. There were reports in March that the Third Force had withdrawn from the region, but an LNA spokesman said in late March that negotiations over control of...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Abadi Surprises By Choice Of Left-Field Kurd As Oil Minister
...onomy and is producing more than 4mn b/d. Low oil prices mean it is strapped for cash and asking international oil companies (IOCs) to cut spending, yet still looks to boost production by 2mn b/d by 2020. Oil revenues slumped from $84.1bn in 2014 to just $49bn last year. Despite record exports, mo...
Volume: 59Issue: 13Published at Fri, 01 Apr 2016 -
Risk Premium Returns As Saudi Strikes Yemen Rebels, Iran Confrontation Widens
...yadh on 26 March, after the Houthis advanced toward Aden. Saudi Arabia’s military spending in 2014 was ranked third after the US and China, according to the Institute for International Affairs. But the kingdom has traditionally preferred to steer clear of military conflict. During the 1990-91 Gulf Wa...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Yemen: Foreign Operators On High Alert
...5,000 b/d, down two-thirds since 2010, with revenue down even further due to falling prices (MEES, 19 December 2014). Yemen relies on its relatively-meagre oil and gas exports for around 60% of its revenues. Even before the 26 March Saudi-led intervention three foreign oil companies had already re...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Politics Continue To Delay Lebanon’s Bid Round
...oceeds. And it appears unlikely that the new government will address the decrees anytime soon. Indeed, they may well not be signed before Lebanon’s 25 May election deadline, which means the bidding deadline may be pushed back well into the second half of 2014, or even later. When former Energy Mi...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014 -
Algeria’s Optimism Over In Amenas Tempered
...geria is a member. Statoil sent its staff back to some sites in the country during the course of last year. “At the end of October 2013, Statoil approved the return of personnel to ordinary rotation at the operations base in Hassi Messaoud. In January 2014, Statoil approved the resumption of or...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014