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Jordan Gas Trade: Hello Israel, Bye-Bye LNG?
...rtainly did keep Amman from the brink: when Egyptian gas supplies dwindled in 2011, Jordan had to import and burn costly oil products (mainly diesel) in its power fleet just as oil prices exceeded $100/B – forcing the state firm Nepco to incur over $7bn in debt (MEES, 31 May 2019). But even with the st...
Volume: 63Issue: 49Published at Fri, 04 Dec 2020 -
Qatar Shines Spotlight On OPEC Divisions As It Ends 57-Year Membership
...tween 2009 and 2011 while maintaining its Opec membership. Yes, the benefits of continued Opec membership for Qatar are limited, but this has held true for years. Why opt to leave now? Because the GCC rift has eroded Qatar’s voice within Opec and therefore the benefits that it derives from me...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Healed GCC Is To Meet In Doha, Discuss Stronger Military Ties
...gional security – including the expansionary Islamic State and the GCC’s rival across the Gulf, Iran – the group will likely only be capable of taking baby steps towards that goal. GCC defense spending has come off its early 2000s highs but outlays have spiked since unrest rocked the MENA region in 2011...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Egyptian Military Faces Challenges
...e security forces, the police and the Ministry of Interior. The judiciary has played a prominent role since the overthrow of President Mubarak in 2011, and guards its independence jealously. And the youth movement, which feels that the revolution it led against former President Husni Mubarak has be...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Egypt Faces Critical Days
...E£69.614bn ($11.39bn) from E£47.218bn ($7.73bn) in the corresponding period of fiscal year 2011-12, the November issue of The Financial Monthly, published by the Egyptian Ministry of Finance said. Cairo is badly depending on a $4.8bn loan from the IMF to breathe some confidence back into the ec...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Iran Still Trying To Sidestep Sanctions
...e largest buyer of Iranian crude, data published by the country’s General Administration of Customs on 21 November indicates a fall of close to 22% in Iranian imports since the beginning of the year. In October Chinese imports were 23.2% lower than the same month in 2011. South Korea’s national oil co...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012