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Iraq’s Unattractive Contracts Claim Fresh Victim As Shell Eyes The Exit
...rine offshore fields where Shell assumed control in February. Output has collapsed in recent years – from almost 800mn cfd net in 2011 to just 251mn cfd last year (MEES, 18 March) – in part due to BG’s refusal to sanction new investment in protest at payment delays ($1.1bn owed as of mid-2016). Si...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Oil-Poor Arab States Get Multilateral Finance Boost For Renewables
...ectricity from renewables. EBRD and IFC began investing in energy projects in Egypt, Jordan, Morocco and Tunisia as part of the IMF’s ‘Arab Countries in Transition Program’ which followed the 2011 ‘Arab Spring.’ This targeted these four countries plus Yemen and Libya (MEES, 24 October 2014). At the re...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Opec Agrees To Cut, But Questions Remain Over Implementation
...) 2010 2011 2012 2013 2014 2015 2016* vs...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Kuwaiti Opposition Gains Further Threaten Government Energy Policy
...me. Government was dissolved following the election and the Emir will appoint a new prime minister shortly. Shaikh Jabir Al Sabah has held the post since December 2011 and his reappointment remains the likeliest option. The premier will then be asked to form the new government. A key barometer will be wh...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
The Political Implications Of Iraq’s Mosul Offensive
...OCKS Baeshiqa is also one of six blocks in disputed areas where the KRG controversially awarded US major ExxonMobil production sharing agreements (PSAs) in 2011, along with the nearby al-Qush to the north west (see map and MEES, 21 November 2011). Slap bang between al-Qush and Baeshiqa is the Jabal Ka...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Saudi Cash Injection: Better Late Than Never
...ptember to $544bn in October, 16.3% down on a year earlier and their lowest level since December 2011 (see chart). The central bank also sharply drew down on its foreign deposits in October, by $11.6bn to $102.7bn. Riyadh on 19 October raised $17.5bn in its first international bond issuance so the dr...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Tunisia Bags $10bn Aid
...Arab and Western donors pledged $9.6bn in aid to Tunisia at a two-day investment conference this week organized to support its struggling economy (see table). The country’s finances have been under pressure since the 2011 uprising, which marked the beginning of the Arab Spring. Tunisia’s de...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016