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Libya’s NOC Looks To Take Development Inhouse With New Zallaf Subsidiary
...rk, which at a minimum would involve securing hundreds of millions of dollars in funding and enlisting the help of international services firms. A HISTORY OF VIOLENCE Though there was a short period following the bloody 2011 revolution when Libya was again starting to look like an at...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Tunisia: Ex-Dictator Dies, Outsiders In Election Run-Off
...Tunisia’s ex-dictator Zine El-Abidine Ben Ali died in Saudi Arabia on 19 September where he had been forced into exile since his overthrow by a mass uprising in 2011. His death comes just two months after Tunisia’s first democratically elected president Beji Caid Essebsi passed away, tr...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Saudi Arabia Chases Ambitious Downstream Strategy
...OFITS AND REVENUE REMAIN BELOW THEIR 2011 PEAK ($BN) DOWNSTREAM DEALS Besides the Sabic buy-in, Aramco has been progressing a number of overseas downstream projects in order to further the twin strategies of diversification and securing markets for its crude exports. Ar...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Libya Forex At Five-Year High
...Buoyed by relatively steady production of crude oil this year, Libya’s foreign exchange reserves rose to hit a five-year high $85.7bn at end-June, according to the country’s central bank. Foreign reserves reached an all-time-record in 2012, but the violence and chaos unleashed by the 2011 re...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Lebanon Declares ‘State Of Economic Emergency’
...the honor of the third highest debt-to-GDP ratio in the world (around 150%; behind only Greece and Japan). Low growth since 2011 – about 1.4% annually, due in large part to the outbreak of war in neighboring Syria – has merely exacerbated the problem. Through remittances, foreign direct in...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Cyprus Gas Compromise?
...diterranean to Greece. Turkey objects to what it labels unilateral Greek Cypriot gas exploration efforts and has vowed to protect the interests of the Turkish Cypriots in the northern third of the island. So far three discoveries have been made off the south of the island but only US firm Noble Energy’s 2011...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Egypt’s Red Sea Seismic Reimaging
...uld appear to suggest a further delay to the bid round, which has already been pushed back from its initial 1 August closing (MEES, 5 July). Block 2 is considered the most prospective of the acreage on offer. US firm Hess drilled a dry well here in 2011. It is also relatively near to where Saudi Ar...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019