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Mena Renewables Projects Tap Chinese Funding
...tensibly multilateral identity, the Silk Road Fund is intimately linked to President Xi Jinping’s flagship Belt & Road Initiative which is intended to promote Chinese investment, and with it influence, across a swathe of the planet, including the Gulf region. Founded in December 2014, Silk Road Fund cash co...
Volume: 62Issue: 21Published at Fri, 22 May 2020 -
Tunisia Struggles To Halt Oil And Gas Decline
...ble). In theory an FPSO development here was slated to produce 15,000 b/d. In practice development was already long-stalled when Medco bought the assets for $128mn in 2014 (MEES, 29 August 2014). Medco says nothing on a buyer or price. But for sure the firm is making a hefty loss. The firm’s freshly-re...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Algeria’s Export Revenue Buffeted By US Shale Hurricane
...trade present an additional challenge for Algeria at this critical juncture. OIL OUTPUT DOWN Algeria’s oil output (crude plus condensate) has fallen every year since 2014 to just 1.515mn b/d (1.041mn b/d crude, 474,000 b/d condensate) for 2018, the lowest since 2003 (see chart). Pr...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Sipchem/Sahara Complete Merger
...mpanies first announced a plan to merge in December 2013, but shelved it after the 2014 collapse in crude oil prices undermined their business outlook (MEES, 26 August 2016). ...
Volume: 62Issue: 21Published at Fri, 24 May 2019