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Trump Offers Syria ‘Chance At Greatness,’ Pledges To Remove US Sanctions
...000 b/d of oil and suffered massive damage when ‘Islamic State’ fighters targeted its 88mn cfd capacity processing plant (MEES, 29 September 2017). It was subsequently repaired and operated by GPC, but that also begs the question as to whether the current government would be keen to hand it back. PR...
Volume: 68Issue: 20Published at Fri, 16 May 2025 -
Kuwait’s Emir Suspends Parliament;Can He Quell Tumultuous Divisions?
...ss a crucial debt law since 2017 due to opposition by MPs, these onerous spending commitments saw Kuwait rack up some $108bn in cumulative deficits over 2014-2022 (see chart 2). A 2024-2027 government program published earlier this year envisages a further surging of deficits to a colossal total of KD...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
Libya Sees Smuggling Surge As Oil Prices Rise
...werbrokers. Naturally, the practice puts a huge strain on state coffers and means Libya is effectively paying hundreds of millions each year to smugglers to enrich themselves. Between 2017 and 2021 Libya spent almost $14bn on fuel subsidies according to figures from the central bank (see chart 2). A su...
Volume: 65Issue: 20Published at Fri, 20 May 2022 -
Yemen: Second IOC Returns Despite No End In Sight To Conflict
...rm PetroMasila’s Blocks 10 & 14 – the main producers of Masila grade crude – and sent via a 150km, 300,000 b/d pipeline to the Ash Shihr terminal which has storage capacity of 3.5mn barrels. PetroMasila was the first firm to restart production in Yemen back in 2016 (MEES, 15 September 2017). Ca...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Libya: What Hope For The UN’s Ambitious ‘Action Plan’?
...The UN Action Plan to resolve Libya’s political morass has made some progress. But renewed security concerns mean the country’s future is as uncertain as ever. Since the incoming UN Special Representative to Libya Ghassan Salamé set out an ‘Action Plan’ in September 2017, he has come up ag...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Algeria Parliamentary Poll: Status Quo - On, And On, And On Again
...ts. With the government announcing further fiscal consolidation this year, the World Bank expects real GDP growth to average 1.2% in 2017-19, down from 3.8% in 2016 – that was primarily due to a strong recovery in hydrocarbon production and higher-than-expected spending. “In 2017-19, a modest 2....
Volume: 60Issue: 20Published at Fri, 19 May 2017