1. Jordan: Opposition To Israel Gas Deal Strong But Ineffectual

    ...rged Egyptian gas was cut-off in 2011, its deficits were close to this $700mn figure, reflecting a state subsidy through debt. Despite the economic necessity, domestic politics weigh heavy and a letter of intent with almost identical terms that was signed in September 2014, was canned just over a ye...

    Volume: 59
    Issue: 43
    Published at Fri, 28 Oct 2016
  2. Egypt’s Refiners Struggling To Keep Pace With Products Demand

    ...balance, with imports worth $67bn and exports just $18.5bn in 2015, according to ministry of trade statistics. Tourist revenue and direct foreign investment, the main earners of foreign exchange for Egypt have gradually fallen since the 2011 revolution with a worsening of the security situation in the co...

    Volume: 59
    Issue: 43
    Published at Fri, 28 Oct 2016
  3. Iraq’s Tentative Gas Gains Insufficient To Stem Oil Burn Growth

    ...cessary infrastructure to process the gas, resulting in sky high flaring levels. The percentage flared has increased from 51.1% in 2009 to 69.4% last year. However, the situation is improving, with flaring falling to 63.5% so far this year, on course for the lowest level since 2011 – although the volume fl...

    Volume: 59
    Issue: 43
    Published at Fri, 28 Oct 2016
  4. Iraq Invites Bids for 12 Fields in First Offering Since 2012

    ...al between Kerbala province and UK-independent San Leon in March 2011, outside of the auspices of the Ministry of Oil, which maintained that provinces cannot unilaterally sign deals with IOCs. The joint participation agreement was for San Leon and local partner Al-Meinaa to develop the fields under a pr...

    Volume: 59
    Issue: 43
    Published at Fri, 28 Oct 2016