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Deadly Clashes Threaten Libya’s Short-Lived Stability
...nister Khalifa Abdelsadiq hailed the relative stability the country has witnessed in the past few years, stressing that Libya was “open for business,” with existing partners like Repsol and OMV, as well as Italy’s Eni, recently resuming drilling in Libya for the first time since 2014 (MEES, 28 Fe...
Volume: 68Issue: 20Published at Fri, 16 May 2025 -
Iran Mourns Raisi & Abdollahian As Succession Speculation Mounts
...preme Leader, only the second in the Islamic Republic’s history after its founder Ayatollah Ruhollah Khomeini (1979-89) is rumored to be ill. He was treated for cancer in 2014. In recent years, he has grown weary of what he and others see as Western plans for regime change, increasingly throwing his we...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Kuwait’s Emir Suspends Parliament;Can He Quell Tumultuous Divisions?
...ss a crucial debt law since 2017 due to opposition by MPs, these onerous spending commitments saw Kuwait rack up some $108bn in cumulative deficits over 2014-2022 (see chart 2). A 2024-2027 government program published earlier this year envisages a further surging of deficits to a colossal total of KD...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
Tatneft Libya Find
...opped to two for much of 2022 with port and field shut-ins, relative stability in recent months has seen drilling activity bounce back with Baker Hughes recording 14 active rigs for April, within three of the post-revolution high of 17 hit in early 2014....
Volume: 66Issue: 19Published at Fri, 12 May 2023 -
Iraq’s Summer Power Provision Hangs On Emergency Financing Law
...at her ministry is drawing up a 2022 budget. But it is not clear how that will pass when the government is powerless constitutionally and parliament is in no position to enact one on its own. Iraq has failed to pass budgets before in recent years. This occurred in 2014 as oil prices collapsed and la...
Volume: 65Issue: 21Published at Fri, 27 May 2022 -
Yemen’s Two-Month Truce Revives LNG Export Hopes
...vernment’s “demand for adjustment of revenue shares.” According to a 2018 report by Yemen’s ministry of planning, the country’s share of Balhaf’s gas sales reached $753.5mn in 2014 while Mr Pouyanné says that the “cash flow per year of Yemen for TotalEnergies” was “around $1bn” in 2015. With some 80% of Ye...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Russia’s Gazprom Seeks North Africa Expansion
...sin known as ‘Area 64’ (see map). ALGERIA PLANS In neighboring Algeria, Gazprom says it plans to make a decision in 2021 on the “commercial attractiveness” of its 2010 Rhourde Sayah (RSH) and 2014 Rhourde Sayah North (RSHN) discoveries on the El Assel license (236b). The two fields ar...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Saudi Arabia Looks To Expand Iraq Footprint
...ntract, does not make sense” – adding that the Saudi media could have possibly misinterpreted the comments made my Mr Allawi. Nonetheless, Akkas remains a major bone of contention. Iraq’s oil ministry continues to urge Kogas to return to the field, where the Koreans declared force majeure in 2014 as Is...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
On Iraq Power, And Power Politics: MEES Interview with Luay al-Khatteeb
...proving supply efficiency from certain stations, and adding new units and power stations. Additionally, we added significant capacity to the transmission lines and extended the distribution system in the liberated areas – so for the first time since the 2014 Daesh [Islamic State] insurgency we have ma...
Volume: 63Issue: 20Published at Fri, 15 May 2020 -
Can Iraq’s New Government Weather The Economic Storm?
...l price, Iraq will burn through its fiscal buffers and we will see more social unrest.” “The biggest threat right now, and the one that can derail everything a whole lot faster, is denial,” Mr Tabaqchali says. “They are talking like this is 2014-2016 again and the difficult times will pass. So my...
Volume: 63Issue: 19Published at Fri, 08 May 2020 -
Algeria: Exports Down, Revenue Down, Outlook Dire
...tober 2014’s 171mn cfd. Volumes have bounced back slightly so far in April but at 572mn cfd are still the second lowest in the past five years (barring March). Algeria could regain some demand from both Italy and Spain later in the year when its oil-linked piped gas prices begin to fall with lower oi...
Volume: 63Issue: 18Published at Fri, 01 May 2020 -
Stalemate in Tripoli: A New Status Quo?
...rporation (NOC) are deposited in the Tripoli-based central bank. While the Tripoli central bank does pay out some cash for the day-to-day running of the eastern-based administration, it is the GNA that gets to decide on the bulk of the budget. Libya has been divided since 2014 when Islamists on the lo...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Yemen: Second IOC Returns Despite No End In Sight To Conflict
...e drone attacks. YEMEN KEY OIL & GAS INFRASTRUCTURE YEMEN EXPORTS* REMAIN AT LESS THAN HALF 2014 LEVELS ('000 B/D) *BASED ON IMPORT DATA. SOURCE: MEES. PRODUCERS EDGE BACK… Further east, the story is markedly different. Vital supplies remain low and a st...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Tamar Shutdown Highlights Israel Upstream Risk
...3 May during a protest against the continued blockade of Gaza, the worst violence the region has seen since July and August 2014, when Israel launched a ground offensive on Gaza. Whilst Israel’s defense ministry says some 90% of rockets were intercepted by Israel’s ‘Iron Dome’ defenses, four Is...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Libya: What Hope For The UN’s Ambitious ‘Action Plan’?
...te April between Ageela Saleh, head of Libya’s Tobruk-based House of Representatives (HOR), and Khalid Mishri, head of parliament’s Tripoli-based consultative chamber, the High Council of State (HSC). The HOR and HSC broadly represent the political factions whose 2014 split led to Libya’s effective di...
Volume: 61Issue: 20Published at Fri, 18 May 2018 -
Algeria Parliamentary Poll: Status Quo - On, And On, And On Again
...% of registered voters (23 million out of a population of almost 40 million), compared with some 42% in 2012. Some independent observers put the figure lower still. Algiers had managed to buy social peace until 2014 as oil prices remained at over $100/B, but the latest elections coincide with he...
Volume: 60Issue: 20Published at Fri, 19 May 2017 -
Wintershall Dispute Takes Gloss Off Libya Production Peak
...Libyan output has topped 800,000 b/d for the first time since 2014. Output would be even higher were it not for a dispute with Germany’s Wintershall, says NOC. Crude production on 10 May was at least 800,000 b/d, according to officials from Tripoli-based National Oil Corporation (NOC), th...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
South Sudan Looks Beyond Total For Block B
...me to nothing (MEES, 22 August 2014). Reports have suggested that the UK’s Tullow Oil, heavily involved in exploration in neighboring Uganda, was the latest candidate for the empty stake in the block. PRODUCTION CHALLENGE Whatever happens with the blocks, it will not affect South Sudan’s pr...
Volume: 60Issue: 18Published at Fri, 05 May 2017 -
Libya Output Down, Risk Of Further Collapse
...rminal. The largest oil export outlets remain shut – 450,000-b/d Es Sider and 250,000 b/d Ras Lanuf, both on Libya’s central Gulf of Sirte since December 2014, and 250,000 b/d Zueitina to the east for most of the past two years (MEES, 6 November 2015). There were a few moments in 2015 when Tripoli’s NO...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Yemen Conflict Sees Gulf States Test Their Military Prowess
...a lightning 2014 advance) have been pushed out of Marib to the western edge of the city, and there has been a negotiated truce with anti-government fighters in Al-Jawf and other provinces. But there is a complete stalemate in Taiz in the south. A coalition grouping the Houthis with militias loyal to fo...
Volume: 59Issue: 19Published at Fri, 13 May 2016