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  1. Turkey Claims Iraq Owes Nearly $1bn In Net Arbitration Damages

    ...accrue further interest until payment, or amicable resolution.    Turkey’s claim is that “Iraq’s damages date from 2014 to 2018 – a period of relatively low [Turkish] bond yields,” and therefore “far more interest has accrued on Türkiye’s damages” which date back to 1990 until 2011. Based on...

    Volume: 66
    Issue: 37
    Published at Fri, 15 Sep 2023

  2. Eni Spuds Key Morocco Wildcat

    ...per Jurassic but that the find was insufficient to justify testing (MEES, 21 March 2014).    However it is worth noting that the subsequent decisions by both Cairn and Galp to quit their acreage and walk away from Morocco in 2015 and 2016 respectively were driven more by the collapse in oil pr...

    Volume: 66
    Issue: 37
    Published at Fri, 15 Sep 2023

  3. Algeria: Key Southwest Gas Field Start-Ups Boost Exports To 7-Year High

    ...d Reg Mouaded were originally to be developed by the UK’s BG (now Shell), and the Hassi Mouina license containing Hassi Tidjerane and Tinerkouk by Norway’s Equinor before the foreign firms walked away in 2013 and 2014 respectively having failed to agree commercial terms with Sonatrach (MEES, 29 May 20...

    Volume: 66
    Issue: 37
    Published at Fri, 15 Sep 2023