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Turkey’s East Med Drilling Campaign: Politics By Other Means
...In the scramble for the East Med, Turkey has been mixing guns with energy. A prolific politics-first drilling campaign has so far failed to result in an ‘economic’ discovery. But will Turkey’s ‘drill, baby, drill’ mentality see it strike gas? When in 2014 your correspondent asked the now-Tu...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Iraq’s Economy Teeters Despite Q3 Revenue Rebound
...ll below 3mn b/d for the first time since 2014 (see chart). If one sums up the extent of Iraq’s economic woes, it is that $43bn is far short of the $50bn earmarked this year for the bloated public sector’s ‘salaries and pensions’ alone (MEES, 8 May). Given Prime Minister Mustafa al-Kadhimi’s pr...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020 -
Acwa Control At Rawec As JGC Quits
...keover, Rawec had a strained relationship with Petro Rabigh: a 2013 outage at its utilities plant damaged a number of furnaces in the petchem plant’s cracker. Petro Rabigh threatened to terminate Rawec’s supply contract until a SR1.125bn ($300mn) compensation deal was agreed (MEES, 6 June 2014...
Volume: 63Issue: 41Published at Fri, 09 Oct 2020