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Iraq: China’s Jereh Inks Mansuriya Contract
...pex is pegged at $992mn for the first three years of the contract. The signing is intended to turn a page on the long-delayed development of Mansuriya. Originally awarded in 2011 to a consortium led by Turkey’s TPAO, Baghdad relinquished the license after commercial terms disagreements following th...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Kuwait’s Emir Suspends Parliament;Can He Quell Tumultuous Divisions?
...position figures, including former MPs who were involved in the 2011 storming of parliament, in addition to those jailed or stripped of citizenship for state-security and terrorism-related charges. On 10 May, he doubled down saying “those who were convicted of treason were set free…I will never allow this to...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
Egypt’s New Capital In Spotlight As Spending Priorities Shift
...oject. In 2011, millions of Egyptians occupied the streets of Cairo and its iconic Tahrir square, with mass marches reaching the presidential palace and eventually forcing then-president Hosni Mubarak to resign. With Sisi having taken power in 2013 following a period of Islamist-flavored quasi-democracy, hi...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
UAE-Oman Relations: Brotherly Love Or Sibling Rivalry?
...jor diplomatic spats have been few: the only high-level incidents in recent years are Oman’s claims to have broken up Emirati-backed spy rings in 2011 and in 2019; claims which Abu Dhabi denies. Where the countries have more often clashed is in their very different approaches to regional foreign po...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
Aphrodite On The Rocks? Cyprus’ First Gas Find Faces Uncertain Future
...ay hardball with the partners of the country’s first gas discovery, 3.5tcf Aphrodite, made back in 2011. On 30 April, Nicosia informed the field’s partners, Chevron (35%op), Shell (35%) and Israel’s NewMed (30%), that their latest proposed revisions the field’s 2019 development plan, submitted on 28 Ma...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Kuwait Aims To Award Solar Project By Year End
...cilities at Shagaya. The outgoing minister previously headed up the facility from its inception in 2011. RENEWABLES: 30% BY 2030? Mr Hajraf told the WEF that “we just updated our strategy from a 15% renewables share by 2030 to 30% by 2030.” According to Kuwait’s definition, this entails re...
Volume: 67Issue: 18Published at Fri, 03 May 2024 -
Iraq Approves Mansuriya Gas Award
...riod. Mansuriya was originally awarded in 2011 to a consortium led by Turkey’s TPAO. Development was halted following attacks by the Islamic State across the province in 2014. Disagreement on commercial terms subsequently pushed Baghdad to take over the field in 2018 (MEES, 3 August 2018). Chinese state fi...
Volume: 67Issue: 18Published at Fri, 03 May 2024