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Egypt Lays Out Further Subsidy Cuts For 2015-16 But Overall Spending Up
...ckwards in the three years following the country’s January 2011 ‘revolution,’ over the last year or so both planned and actual spending – much of it fueled by Gulf cash – has taken off. In August 2014 Egypt laid out plans to spend $4bn on expanding the Suez Canal (MEES, 8 August 2014). Local media re...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Syria’s Economy: Down, Down, But Not Quite Out
...LLAPSES, GAS UNDER STRAIN Oil output from fields under regime control has collapsed from 387,000 b/d in early 2011, on the eve of conflict, to under 10,000 b/d for both 2014 and the first three months of this year (see graph and MEES, 1 May). Islamic State (IS) controls oil fields with a capacity to...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
Russia Becomes China’s No. 1 Crude Supplier In May As Middle East Share Falls Below 50% (‘000 B/D)
...YTD14 May-15 Apr-15 Mar-15 YTD15 ‘000 b/d % YTD14 2014 2013 2012 2011...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015