1. Libya: Stability Under Threat As Oil Output Recovers

    ...low a return to full capacity. Prior to the civil war that dislodged Mu’ammar Qadhafi in 2011, Libya was producing 1.6mn b/d. After the fighting, during which operations ceased, output rebounded beyond initial expectations, and was back at around 1.5mn b/d when the PBC and western protestors again fo...

    Volume: 57
    Issue: 29
    Published at Fri, 18 Jul 2014
  2. Jordan Approves Shale-Fired Power, Mining Project

    ...pplies became intermittent after the collapse of the Mubarak regime in 2011. This forced an even greater reliance on imported oil for power generation – nearly 90% in 2012 compared with less than 60% in 2009 – and sped up the ministry’s pursuit of fuel diversity.   Ambitious Plans Jordan cu...

    Volume: 57
    Issue: 29
    Published at Fri, 18 Jul 2014
  3. MENA Energy Subsidies: Some Progress But Much More To Do-IMF

    ...port, ‘Subsidy Reform in the Middle East and North Africa: Recent Progress and Challenges Ahead,’ questions whether Egypt has properly laid the ground for such reform. MENA: 48% Of Global Total MENA countries spend much more on subsidies than other regions: for 2011 the cost was $237bn, 48% of th...

    Volume: 57
    Issue: 29
    Published at Fri, 18 Jul 2014
  4. Egypt Looks to Reform To Attract Investment, Boost Growth

    ...2% for the current 2014-15 fiscal year, which began on 1 July. Egypt’s growth rate has been stuck at around 2% for the past three years (see graph, MEES 4 July) – that is to say since the Arab Spring ‘Revolution’ of early 2011. Without the two economic stimulus packages of $4.3bn and $4.9bn in...

    Volume: 57
    Issue: 29
    Published at Fri, 18 Jul 2014
  5. Benchmark Crude Prices ($/B)

    ...13 2012 2011 WTI 103.19 102.60 104.61 105.13 101.90 103.00 98.56 98...

    Volume: 57
    Issue: 29
    Published at Fri, 18 Jul 2014