Tips:
Use the minus sign (-) to exclude terms from your search
For example: oil -iraq

  1. Iraq: Major Challenges Remain For New Oil Minister Despite Kirkuk Breakthrough

    ...ficials advocating Kirkuk oil be trucked to Iran in the interim, but the new agreement renders this already unlikely outcome even more so. As for whether a new revenue sharing agreement along the lines of the defunct December 2014 terms can be realized, there remains a considerable gap between their po...

    Volume: 59
    Issue: 35
    Published at Fri, 02 Sep 2016

  2. Iraq: New Oil Minister Seeks Investors For Four New Refineries

    ...tween so-called Islamic State (IS) and federal forces beginning in June 2014. More recently, the 14,000 b/d Qayara refinery was virtually destroyed by IS fighters as they withdrew in July. The upshot is that even under the most optimistic calculations, capacity is just 566,000 b/d (see table). NEW PR...

    Volume: 59
    Issue: 35
    Published at Fri, 02 Sep 2016

  3. Asian Importers Increase Gulf Crude Addiction

    ...recent years has gone into reverse since the start of 2016. For Japan and South Korea, imports from the Gulf rose above 85% of their total in the second quarter this year; for India the total hit 65% in Q2 having fallen below 60% in 2014 (see chart, and p16 for full Indian import data). IE...

    Volume: 59
    Issue: 35
    Published at Fri, 02 Sep 2016

  4. Libya’s Wealth Fund In Leadership Showdown

    ...Libya’s Presidency Council (PC) has appointed an interim steering committee to administer the country’s main sovereign wealth fund, the Libyan Investment Authority (LIA). The move is an effort to clarify the lines of authority within the organization, which since 2014 have been split be...

    Volume: 59
    Issue: 35
    Published at Fri, 02 Sep 2016

  5. LIA Litigation

    ...A’s case against Goldman Sachs began in the UK High Court in June having been filed in 2014. The LIA alleges that the firm led the LIA to make derivative transactions that it did not understand and in which it lost billions of dollars in the financial market crash of 2008. It also alleges that in an ef...

    Volume: 59
    Issue: 35
    Published at Fri, 02 Sep 2016

  6. LIA Overseas Fund Calls For Partners

    ...e LAIP itself has been based in Malta since December 2014, when its Tripoli offices were overrun by fighting, and it has not been immune from the political struggles of a divided Libya. In the first half of 2015, the unofficial Government of National Salvation (GNS) in Tripoli petitioned courts in Ma...

    Volume: 59
    Issue: 35
    Published at Fri, 02 Sep 2016

  7. Egypt Plans VAT At 13% From 1 October

    ...scal reform program began in July 2014 with a reduction in energy subsidies – since when oil prices have collapsed greatly helping Cairo achieve this goal (see chart) – and the levying of taxes aimed at slashing the budget deficit, which rose to 11.5% of GDP in fiscal 2015-16.  A 14% VAT rate was ex...

    Volume: 59
    Issue: 35
    Published at Fri, 02 Sep 2016

  8. Jordan Gets IMF Boost

    ...ojected $2.7bn this year from $3.3bn in 2015 and $5.5bn in 2014. DEFICIT UP, AID DOWN            Jordan posted a budget deficit of JD291mn ($410mn) in the first half of 2016, up from JD223mn ($329mn) in 1H 2015, with the country hit by a fall in foreign grants to JD241mn ($340mn) from JD295mn ($41...

    Volume: 59
    Issue: 35
    Published at Fri, 02 Sep 2016