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Kish Gas Startup Claims Half-Baked
...e main sticking point. MEES understands that the two sides came close to reaching an agreement in 2011, but an eleventh hour change of heart on the part of the Iranians put a halt to proceedings. “The project has been shelved, with Oman now focusing on the development of its tight gas at Khazzan and Ma...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Egypt: Leadership Changes Buffet Oil Sector
... EGYPT Egypt: Leadership Changes Buffet Oil Sector Egypt has appointed a new head of state oil firm EGPC and its fourth oil minister since the 2011 revolution. Political connections, rather than industry experience, appear key to the appointments. Eg...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Libya: New Law Divisive
...ficial posts during the Qadhafi era (1969-2011) face a 10-year bar from political office. The law will affect a number of senior politicians who were leading figures in 2011’s revolution, including Prime Minister ‘Ali Zidan, GNC President Muhammad Magraif, former prime minister Muhammad Jibril and NTC ch...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
International Expansion Leaves Turkish Firms Vulnerable To Political Instability
...e main testing ground for this Turkish corporate charge into energy. But Iraq (and the KRG in particular) is also the key area of investment concern for Turkey. Iraq has since 2011 been Turkey’s second biggest export destination, but other significant trade relationships are also with politically fr...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Lebanese Officials Upbeat Despite Warnings
...P ratio to 133% in 2014 from 130% at present. The IMF expects Lebanon’s fiscal deficit to balloon to 9.7% of GDP from 9% for 2012 and 6.1% for 2011, according to figures contained in its Regional Economic Outlook Update, released this week. Lebanon is rated B with a negative outlook by St...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Bahrain’s Economic Outlook Vulnerable To Oil Price Risk, Says IMF
...nsultation. The IMF observed that although economic activity improved following the 2011 downturn, the absence of an enduring solution to the country’s political tension means investment is expected to remain weak. This implies only moderate non-oil growth “below 4% in 2013 and over the medium te...
Volume: 56Issue: 21Published at Fri, 24 May 2013