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Libya Slams Greek Hydrocarbons Tender Amid Maritime Border Dispute
...vereign rights in 2014.” CALL FOR TENDERS On 12 June, the European Union’s official journal published a notice from Greece announcing an international call for tenders for “the exploration and exploitation of hydrocarbons in maritime areas” including Blocks “South of Crete 1” and “South of...
Volume: 68Issue: 26Published at Fri, 27 Jun 2025 -
Yemen Upstream Hit By OMV Exit
...e post-2011 security situation forced delays, production hit a record 14,500 b/d in 2014 (6,400 b/d net to OMV). With Yemen’s conflict continuing to deter foreign firms, few emulated OMV and returned to the country. Indonesia’s Medco Energi returned to its Block 9 in the less-volatile Ma...
Volume: 65Issue: 26Published at Fri, 01 Jul 2022 -
Qatar’s Hydrocarbon Politics Sends Message to Saudi Arabia, UAE
...mpetition from Australia, and more gradually the US (MEES, 23 December 2016). Although market share in Asia rebounded slightly last year, volumes are still down 2mn tons on 2014. The biggest fall was in Europe, where volumes were down 3.2mn tons annually. The biggest drop off was from the UK, which opted to in...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
Jordan-Anbar Border Crossing An Economic Lifeline
...porters, as Jordanian exports going through Basra now cost 10-15% more due to the extra time. According to official statistics recently reported by Jordan’s Al-Ghad newspaper, the six-month closure in 2015 meant exports to Iraq fell to $695mn from $1.2bn in 2014. Earnings will have collapsed again this ye...
Volume: 59Issue: 26Published at Fri, 01 Jul 2016 -
Syria’s Economy: Down, Down, But Not Quite Out
...rian Center for Policy Research using patchy publicly-available data on the Syrian economy – data that includes company filings and trade statistics for neighboring Turkey – indicates an even larger contraction of 62% between 2010 and 2014. The largest losses, of 30.9% and 36.5% respectively were in 20...
Volume: 58Issue: 26Published at Fri, 26 Jun 2015 -
US And Saudi Arabia Back Egypt’s New President
...cond half of 2013. And in the first four months of 2014 Saudi Arabia and the UAE granted Egypt $2.6bn in shipments of fuel oil, diesel, and LPG, according to the chairman of the Egyptian General Petroleum Corporation (EGPC) Tarek El Molla. Gulf shipments of much-needed LNG will not be forthcoming, as Eg...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014 -
Petroleum Ministry Owed $22bn
...move them gradually over a five-year period. According to the budget for the 2014-15 financial year (beginning 1 July), energy subsidies are projected to fall by 22% to E£104.5bn or $14.6bn (MEES, 6 June). The draft budget, which was prepared by the interim government installed after Mr Mursi ou...
Volume: 57Issue: 26Published at Fri, 27 Jun 2014