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Assad’s Downfall Reshuffles Regional Order
...d previously headed the ‘Syrian Salvation Government’ created by HTS in 2017 to administer its territory in Idlib province (see map). SYRIA’S NEW CONTROL MAP AND OIL & GAS INFRASTRUCTURE HTS has a problematic history, to say the least. Until 2016, it was known as Ja...
Volume: 67Issue: 50Published at Fri, 13 Dec 2024 -
Kuwait’s New Emir Criticizes Political Divisions
...tober 2022 did KPC finally began operations at its long-awaited 120,000 b/d GC-32 project which was due online in 2020 after a $1.3bn 2017 award to the UK’s Petrofac (MEES, 31 March 2017). …WITH DELAYED PROJECT AWARDS The minister’s claims are backed up by a 30 Oc...
Volume: 66Issue: 51/52Published at Fri, 22 Dec 2023 -
Kuwait’s Cabinet Looks Ahead To A Troublesome 2024
...rrorism related charges. As well as the political figures, those pardoned included Shafi al-Ajimi who was jailed in 2021 for financing Al-Qaeda-linked Al-Nusra Front in Syria, and Hassan Abdul Hadi Hajeyah who was sentenced in 2017 to life in prison for heading the infamous ‘Abdali Cell’. The group ha...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Yemen’s Breakthrough Truce Threatened By Houthi Military Attacks
...mbined cycle power plant. Yemen’s oil and gas sector had been declining since long before the onset of civil war. Production peaked in 2002 at 457,000 b/d with exports remaining above 100,000 b/d until 2014 (MEES, 15 September 2017). However, since the start of the conflict and the Saudi-led in...
Volume: 66Issue: 48Published at Fri, 01 Dec 2023 -
Qatar Eyes Substantial $8bn Surplus For 2023
...ded, alluding to the 2017-2021 embargo of Qatar by many of its neighbors. The embargo ended in January 2021, but with Doha having restructured its trade patterns there has been no full return to the previous status quo (MEES, 25 November). Qatar invested heavily in its infrastructure in preparation fo...
Volume: 65Issue: 51/52Published at Fri, 23 Dec 2022 -
Iraq’s New PM Sudani Eyes Diplomatic Gains From Saudi Summit
...November). BROTHERS AND FRIENDS Bilateral Saudi-Iraqi relations had warmed during the tenure of Mr Sudani’s US-backed predecessor Mustafa al-Kadhimi, continuing a trend that had begun in earnest in 2017 with PM Haider al-Abadi as Riyadh sought to counter Iran’s influence in Baghdad (ME...
Volume: 65Issue: 49Published at Fri, 09 Dec 2022 -
GCC Eyes 2022 As Year Of Stability
...is year saw Saudi Arabia host two GCC summits. The 41st summit was held in Al Ula in January and marked the end of the Qatar embargo, which had been in force since June 2017 and had defined the GCC ever since (MEES, 8 January). If that January summit was high profile, the 42nd iteration in Riyadh on...
Volume: 64Issue: 51/52Published at Fri, 24 Dec 2021 -
Vienna Talks: Iran Holds Its Ground
...y 2017). But despite the major economic pressure the country is under (MEES, 25 June), Tehran is showing little in the way of urgency for an agreement to be reached. The negotiations last week ended in a deadlock after Tehran’s 40-strong team led by chief negotiator Ali Bagheri Kani submitted tw...
Volume: 64Issue: 49Published at Fri, 10 Dec 2021 -
Iraq’s Northern Oil Infrastructure Under Attack From Islamic State
...vember Kasak 10 Restarted in 2017 following IS damage Qayara 14 Restarted in 2017 following IS da...
Volume: 63Issue: 51Published at Fri, 18 Dec 2020 -
Iraqi Kurdistan Poised For More Gains In 2020
...G can likely count on another 40,000 b/d in 2020, according to MEES estimates (see chart). This would push output back above 500,000 b/d for the first time since the KRG lost a swathe of territory around Kirkuk to the federal government in 2017. The additional volumes would appear to be critical to...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Upcoming GCC Summit Raises Qatar Questions
...nsions with Qatar. However, even if the embargo is ended, a return to the pre-June 2017 status quo is highly unlikely (MEES, 9 June 2017). It will take a long time for Qatar’s leadership to regain trust in its neighbors. Qatar has also had to substantially alter its trade flows to replace imports fr...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Qatar Shines Spotlight On OPEC Divisions As It Ends 57-Year Membership
...mbership. QATAR OIL & GAS INFRASTRUCTURE QATAR NOVEMBER OIL EXPORTS: CONDENSATE ACCOUNTS FOR 30% OF THE TOTAL ('000 B/D) SAUDI SCHISM This week’s Opec meeting was held 18 months and a day after the instigation of the Saudi-led blockade against Qatar on 5 June 2017...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Regional Powers Face Off In Post-Islamic State Vacuum
...Iraq and Syria have declared victory over IS. As the smoke clears they face the monumental task of rebuilding, while regional powers face off in their territories. In 2017, Iraq and Syria retook almost all of the 100,000km² formerly held by Islamic State (IS). Between the Russian-ba...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Division In The Gulf: Is There Any Way Back For GCC Unity In 2018?
...Battle lines have been drawn in the GCC. Saudi, the UAE and Bahrain are aligned firmly against Qatar, with Kuwait and Oman remaining neutral. A return to pre-June 2017 normality looks unlikely. The dream of GCC unity will wither further in 2018. The Gulf Cooperation Council (GCC) ex...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
World Bank Oil Funding Ban To Hit Egypt Hard
...t to be finalized, with a previous target date of June 2017 having come and gone. The project’s reliance on multilaterals and western state lenders could make it vulnerable to moves against funding oil and gas projects. Multilateral lending, including from MIGA, was instrumental in getting Eg...
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Six Months Of Solitude: Qatar Crisis Threatens Future Of GCC
...aken at first, appears to have largely stabilized. With much of its imports previously sourced from, or transshipped via, Saudi Arabia and the UAE, it has had to swiftly secure new import routes. Monthly imports were relatively flat at around $9bn in the first half of 2017, but plunged to $5.9bn in Ju...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Libya’s Waha Ramps Up Output To 260,000 b/d But Challenges Lie Ahead
...s 159,000 b/d in 2013, down from 270,000 b/d in 2009 and 282,000 b/d in 2010. 1: LIBYA WAHA CONSORTIUM CRUDE OUTPUT (‘000 B/D) *21 NOV. SOURCE: CONOCO, MARATHON, HESS, MEES CALCULATIONS. 2: LIBYA’S NOC FALLING SHORT OF LATE 2017 1.25MN B/D TARGET ('000 B/D) ^MABRUK OU...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
The Iraqi State Faces A Perilous 2017
...Iraq is exiting 2016 buoyed by high oil prices, but faces a tumultuous 2017. The current administration is unlikely to be toppled, but as for the viability of the state? That’s a different question. Iraq ends 2016 with its leaders publicly praising the country’s security improvements, ye...
Volume: 59Issue: 51/52Published at Fri, 23 Dec 2016 -
Qatar Wealth Fund QIA And Glencore In $11.3bn Rosneft Deal
...0,000 b/d in the Middle East, from fields in the UAE, Qatar, Oman, Iraq and Yemen. Next year Total will take over as operator of Qatar’s most important oilfield, 300,000 b/d al-Shaheen, when Danish operator Maersk’s license expires in July 2017. QIA was also a shareholder in Shell – itself a major in...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016