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Iran’s Energy Sector: Lots Of Bluster But Limited Progress
...at under the Gazprom MoU, “it was decided...to jointly implement a project to supply gas to Oman and Pakistan.” This is a reference to two gas export pipeline projects that have long been planned by Iran but which have gone nowhere. For Oman, a deal was inked in 2014 for Iran to export up to 10 bc...
Volume: 65Issue: 31Published at Fri, 05 Aug 2022 -
Power Struggles Threaten Libya’s Oil Rebound
...e east and west. This was the story of Libya between 2014 and 2021. DIVISION REDUX? The eastern-aligned speaker of the country’s parliament, Aguila Saleh, has already suggested a rival government could be set up in the east in the absence of a vote. And last week Mr Saleh accused the Pr...
Volume: 64Issue: 34Published at Fri, 27 Aug 2021 -
Baghdad-KRG Payment Woes
...aq’s International Chamber of Commerce arbitration with Turkey over of the KRG’s use of the Turkish section of the former Kirkuk-Ceyhan pipeline (MEES, 20 May 2014). Mr Allawi says he “hears that Iraq’s position is strong” and that the decision might be “favorable.” Iraq claims $26bn in losses, cl...
Volume: 64Issue: 33Published at Fri, 20 Aug 2021 -
Libya’s Eastern Power Cuts Force Haftar’s Hand
...A imposed a nationwide oil-blockade aiming to put pressure on the Tripoli-based Government of National Accord (GNA) it seeks to overthrow (MEES, 24 January). Libya has had two rival eastern and western administrations since 2014. As a result of the blockades, the eastern terminals of Es Sider, Zu...
Volume: 63Issue: 34Published at Fri, 21 Aug 2020 -
Beirut Explosion Sends Lebanon Into Humanitarian, Economic Abyss\
...vestigated in Cyprus) instructed the crew to pick up heavy machinery at Beirut and deliver it to Jordan’s port of Aqaba. The poorly-maintained vessel was then embroiled in a legal dispute over fees, and the crew was stranded onboard in Beirut for 11 months. In 2014 the cargo was offloaded for ‘safety re...
Volume: 63Issue: 32Published at Fri, 07 Aug 2020 -
Israel-Jordan Gas Deal Details See Light
...is deal was set at $4.79/mn BTU, substantially below the Leviathan-Nepco deal. A late 2014 antitrust ruling that Noble and Delek were operating as a monopoly offshore Israel left the country’ upstream in stasis until a gas outline compromise deal was reach in May 2016 (MEES, 27 May 2016). As part of...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Yemen: UAE Exit Pushes War Into Further Disarray
...lhaf, Yemen’s biggest potential returners are state companies. Even before the country destabilized in 2014 IOCs were on the way out in Yemen (MEES, 21 February 2014). The return of state firm SAFER to the crucial Block 18 would be a major boon as the block produced 40,000 b/d in early 2014, but damage to...
Volume: 62Issue: 33Published at Fri, 16 Aug 2019 -
Tunisia At The Crossroads
...2014. Mr Essebsi won Tunisia’s first free presidential election and his Nidaa Tounes party took the most seats in the legislative elections. Nidaa Tounes formed a coalition with the Ennahda party (alongside two others) which sought to tackle deep socioeconomic challenges. In 2016, the co...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Sinai Insecurity: Sisi’s Achilles’ Heel
...litants in the region were made up of disaffected Bedouin tribesmen but since 2014, a local group called Ansar Bait al-Maqdis pledged its allegiance to IS, rebranding as the latter’s ‘Sinai Province’. This group claimed responsibility for the downing of a Russian passenger jet over the Sinai in Oc...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Algeria PM Sacked As Tebboune Bites Off More Than He’s Allowed
...habilitated leader of parliament’s second-largest party, the RND, Mr Ouyahia has been on the rise since he was appointed director of the president’s cabinet in March 2014. In June 2015 the RND appointed Mr Ouyahia interim secretary-general, a post he had resigned in January 2013, and in May 2016 the ap...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
GCC Fiscal Reforms: Long Overdue And A Long Road Ahead
...th petrodollars only a couple of years ago, times have certainly changed for the Gulf countries. Between June 2014 and February 2016, the international oil price plunged by 70% and the IMF forecasts that GCC states’ oil export earnings will fall by $300bn in 2016. This is in line with MEES ca...
Volume: 59Issue: 33Published at Fri, 19 Aug 2016 -
Libya Unification Deal On Shaky Ground, Exports Increase Still To Materialize
...km from the terminal, said Mr Abu Thafirah. The Zueitina terminal, which has capacity of 250,000 b/d, was shut down in April 2014 and has operated for only brief periods since (most recently in October 2015 - MEES, 6 November 2015). It has been closed throughout 2016, and in January was the ta...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Iraq Crude Revenues Head For 10-Year Low
...vember 2015 and April this year – the average of 3.25mn b/d for the first seven months of 2016 is up 300,000 b/d on the same period a year earlier, and almost 800,000 b/d on January-July 2014. But monthly revenues have averaged $3.16bn so far this year, the lowest since 2006, and if replicated over th...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Kuwait Summons Iran Envoy Over Disputed Offshore Gas Field
...st year a senior Saudi oil official told MEES that as far as Riyadh was concerned, based on an extension of the Saudi-Iranian demarcation line to Dorra, Iran has no claim to the field (MEES, 4 July 2014). This prompted a strong response by the Iranians who in turn said it was in fact the Saudis wh...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
KRG Out Of Pocket Again Amid Political Gridlock
...dget shortfall from Baghdad, the fight against terrorism, the burden on the economy of hosting 1.8mn refugees and internally displaced people, and the drop in the oil price by over 50% since the end of 2014,” it says in a statement posted on the MNR website. Revenue from crude oil exports through th...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Libya Premier Announces Resignation From Baida Government
...coming prime minister in March 2014. In May this year, he was the target of an assassination attempt by an unidentified gunman, who fired on the prime minister’s car as he was leaving a parliamentary session in Tobruk (MEES, 29 May). The attack was accompanied by an attempt by gunmen to storm pa...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
GCC ‘Spat’ Takes On New Dimension
...ar from September 2014. Egypt will reimburse the UAE over four years at an interest rate of 2-3% with a year-long grace period, according to the daily. This will follow the expiration of Saudi oil product aid in August. Saudi Arabia, Kuwait and the UAE rushed to provide $12bn in grants and loans to...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
Pressure Eases As Yemen Secures Long-Awaited Loan
...s budget), falling export volumes have pushed the government to rely on domestic borrowing, swelling the state’s debt. According to latest World Bank estimates, Yemen’s domestic debt increased to 33% of GDP in 2013 from 30% of GDP in 2012, with a further hike to 34.5% on the cards for 2014, while to...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Confusion Reigns As Iran Denies Russia Oil Deal Reports
...ssian state companies Gazprom and Zarubezhneft have also been keeping a close eye on proceedings, with the latter having a significant presence at Iran’s 2014 Oil and Gas Show in Tehran in May. Zarubezhneft became the first Russian oil company to be awarded a permit to operate in Iran in September last ye...
Volume: 56Issue: 32Published at Fri, 08 Aug 2014