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Will Iraq Be Caught In The Crossfire Of Trump’s Iran Policy?
...gures including leaders of the Popular Mobilization Units (PMUs). The PMUs were formed to fight Islamic State terrorists in 2014 but have also encompassed many of the Iran-backed militias. The PMUs, by law, are part of Iraq’s official security apparatus but the line between them and the militias has so...
Volume: 67Issue: 47Published at Fri, 22 Nov 2024 -
Qatar’s Neighborly Exports Jump As Regional Leaders Reconcile
...abia, the UAE and Bahrain participating in the embargo, Qatar’s exports to its neighbors slumped from $1.38bn in 2Q 2017 to just $700mn the next quarter. After steadily rising since the Al Ula agreement, GCC export revenues jumped to $3.17bn last quarter, by far the highest figure since at least 2014. As...
Volume: 65Issue: 47Published at Fri, 25 Nov 2022 -
Saudi Arabia Wary of Iraq’s New Iran-Backed Leader
...liki exited office in 2014 that Gulf States moved to thaw relations with Iraq. They viewed his close links to Tehran with consternation, but their cold approach to Mr Maliki arguably pushed him even closer to Iran. Mr Sudani is linked to Mr Maliki by more than just their shared membership of the Sh...
Volume: 65Issue: 46Published at Fri, 18 Nov 2022 -
Baghdad And KRG Sign Preliminary Oil Sharing, Budget Deal
...ude-for-revenues agreement in 2014, which fell apart as Baghdad never made full payment (MEES, 5 December 2014). A year ago, Mr Abd al-Mahdi and his deputy PM (and Oil Minister) Thamir al-Ghadhban reached an agreement with the KRG to export 100,000 b/d via Iraqi Kurdistan’s export pipeline to Ceyhan, an...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Kuwait Emir’s Son Unleashes Political Upheaval
...sponded by strenuously denying the allegations and slamming his accuser for going public. The Emir dismissed both men following their public spat. This is the most controversial public feuding within Kuwait’s royal family since 2014 when former deputy PM Sheikh Ahmed Fahd al-Sabah accused his long-time ri...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
Iran Ups Geopolitical Stakes With Nuclear Advances
...at is expected to take six years. The Bushehr-2 plant will be built by Russia’s Rosatom, under a 2014 agreement between Moscow and Iran for the construction of four new 1GW plants at Bushehr. Rosatom completed the Bushehr-1 reactor in 2011, generating electricity from fuel rods supplied by Ru...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Jordan Energy Goals Remain Hostage To Geography
...x has consequently risen from 4% in 2014 to 35% in 2016 and 2017 (see chart). Even with its FSRU contract running into the mid-2020s, Amman is nonetheless keen to increase natural gas imports and diversify sources. Jordan signed two controversial deals—one in 2014 and one in 2016—to import Is...
Volume: 61Issue: 48Published at Fri, 30 Nov 2018 -
KRG Tempts Baghdad With Pipeline Expansion
...s successor Adil Abd al-Mahdi (MEES, 26 October). Indeed, the new PM has track record of negotiating access to the KRG pipeline having done exactly that as oil minister in 2014 (MEES, 2 November). Oil minister Thamir Ghadhban has also expressed a desire to bury the hatchet since taking office. Wh...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Qatar Petroleum Chief Consolidates Energy Sector Grip With Cabinet Seat
...sponsibility for all energy issues” according to the government. The industry portfolio previously held by Mr Sada has been removed and merged with commerce to create the new Commerce and Industry Ministry. KAABI’S RISE The new energy minister was appointed, president and CEO of QP in September 2014, su...
Volume: 61Issue: 45Published at Fri, 09 Nov 2018 -
Qatar’s Export Revenues Hit A Four-Year High Despite Ongoing Embargo
...19. These increases contributed to Qatar achieving its first quarterly budget surplus since 4Q 2015 in 1Q 2018, albeit a modest $260mn (MEES, 3 August). Latest figures show it backed this up with a $1.67bn Q2 surplus, putting the emirate on track to secure its first annual budget surplus since 2014’s $25...
Volume: 61Issue: 44Published at Fri, 02 Nov 2018 -
Kuwaiti Government Resigns As Political Dysfunction Grows
...16 1Q17 2Q16 2016 vs 15 2015 2014 2013 Ex...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Trump Sword Of Damocles Hangs Over Global Climate Action
...SITIONS IN FULL Nov 2012 (tweet): "The concept of global warming was created by and for the Chinese in order to make US manufacturing non-competitive" Jan 2014 (tweet): "Is our country still spending money on the GLOBAL WARMING HOAX?" Jan 2016 (Fox & Friends TV show): "I think the climate ch...
Volume: 59Issue: 47Published at Fri, 25 Nov 2016 -
IEA Outlook Trumped By Events
...a good pun to head up the WEO section on the fuel, but it is looking decidedly out of date. According to the IEA projections sharp declines in US, Chinese and EU coal demand over 2014-40 will more or less cancel out a doubling of Indian demand over the same period. But the forecast 40% fall from 62...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016 -
Lebanon: Can New President Get The Country Moving?
...troleum legislation necessary to launch a bid round for Lebanon’s offshore acreage (MEES, 31 July 2015). After former President Michel Sulaiman completed his term in May 2014, the political vacuum reduced decision making on key issues to a bare minimum. Under the new administration, parliament ne...
Volume: 59Issue: 45Published at Fri, 11 Nov 2016 -
Egypt Devalues Currency In Bid To Calm Forex Market
...reign grants have fallen sharply to E£3.5bn in 2015-16, from E£25bn in 2014-15 and E£95bn in 2013-14. Spending on energy subsidies is not going according to plan as projected in the 2016-17 budget at E£35bn. In the first quarter alone of the current year the energy subsidy rose to E£14bn, which on an...
Volume: 59Issue: 44Published at Fri, 04 Nov 2016 -
Israel Reaches Final Hurdle Before Gas Outline Implementation
...high gas prices. The current stasis was caused when former antitrust commissioner David Gilo ruled that Noble and Delek were operating as a cartel offshore Israel in December last year (MEES, 2 January). This reversed a March 2014 ruling that Noble and Delek would sell off their Karish and Ta...
Volume: 58Issue: 47Published at Fri, 20 Nov 2015 -
Israel Looks To Drum Up Major Interest In Gas Riches
...rrently producing field, as well as Leviathan, had come to an agreement with the antitrust authority (ATA) in March last year to sell off two of its smaller fields, Karish and Tanin, in order to receive consent to develop Leviathan (MEES, 2 May 2014). Problems came to a head in December when ATA co...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Egypt To Develop 250MW Wind Farm
...oject developers in the wake of a development conference in March, aimed at attracting foreign investment in new electricity capacity in a bid to prevent a repeat of last year’s frequent blackouts. Egyptian generating capacity was 31.45GW at the end of 2014, but the Ministry of Electricity and En...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Militia Shuts Key Libyan Terminal, Deepening Rift Between Rival Regimes
...0,000 b/d. Output is well down on early 2015 when it reached about 550,000 b/d (MEES, 3 April), and is significantly less than in October 2014, when production was 860,000 b/d. ZUEITINA SHUT DOWN Local forces around the Zueitina terminal forced Tripoli-based NOC to declare force majeure at...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
Chevron Optimistic On Neutral Zone, But Not Till 2017
...oduction elsewhere to fully makeup for the PNZ outages (see graphs). As well as the Wafra shut-in, offshore production in the PNZ was halted in October 2014, denying the neighbouring states a combined production capacity of 500,000 b/d. Combined with the fall in oil prices since the second half of mi...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015