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Iraq Touts Gas Export Ambitions Despite Severe Shortages
...rectly supply IOC-operated power plants. This is especially the case at the Eni-operated 500,000 b/d Zubair field, where a 2014-built 700MW gas-fired plant is “using gas that is rich in LPG and condensates for power” according to a source. As per article 10 of Eni’s Technical Services Contract for Zu...
Volume: 66Issue: 39Published at Fri, 29 Sep 2023 -
Iraq’s Parliamentary Speaker Proposes Roadmap To End Political Chaos
...so in 2014 when ISIS took over large swaths of the country and in 2020 when the country was hit by the triple shocks of Covid, an oil price collapse and political turmoil. With no government yet formed, the prospects of a fourth year without a budget are looming for 2023. Even passing another em...
Volume: 65Issue: 36Published at Fri, 09 Sep 2022 -
Turkey Unites Rival East Med Players As Regional ‘Gas Forum’ Expands Ambitions
...peline plans for the photo-opportunity this affords them. Plans for an Israel-Cyprus-Greece-Italy gas pipeline have been included on a list of the EU’s ‘projects of common interest’ since 2014 (MEES, 12 December 2014), with EU energy commissioners a regular fixture at related meet-ups. Never mind the gl...
Volume: 63Issue: 39Published at Fri, 25 Sep 2020 -
Israel-Egypt Gas Deal: More Problems?
...at the two key Leviathan partners are looking for another potential Egyptian offtaker for their gas. Given that Egypt’s moves to gas market liberalization are in their infancy (MEES, 5 April) the obvious counterpart would be EGAS. Dolphinus was formed in 2014 by Egyptian entrepreneurs Alaa Arafa, Kh...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Iraq’s Baiji Refinery Restarts Amid Security Concerns
...erations at Baiji refinery commenced this week for the first time since Islamic State (IS) overran the plant in June 2014 inflicting catastrophic damage (MEES, 26 September 2014). Prior to 2014 Baiji had 310,000 b/d nameplate capacity and produced around a third of Iraq’s gasoline and diesel before the IS ta...
Volume: 61Issue: 37Published at Fri, 14 Sep 2018 -
KRG’s Troubled Waters
...0 B/D) 2017* vs 2016* 2014 2015 Tawke 111.0 3....
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Iraq Hopes For IPSA Pipeline Access With Riyadh Rapprochement
...rkuk-Ceyhan pipeline) has been out of action since the IS advances of 2014. But July’s liberation of Mosul could result in Baghdad opting to repair this export link too. Talks have also been held with Iran over constructing a pipeline to export oil from Kirkuk via Iran. But this looks unlikely to be...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Kurdish Political Unity Fragments As Barzani Reaches Out To Baghdad
...om its agreement just two months previously to extend Mr Barzani’s term by two years, following its expiry, and it has subsequently taken a harder line with the KDP as a result. Provincial-level elections within Kurdistan, which coincided with federal parliamentary elections in 2014, had a more ev...
Volume: 59Issue: 39Published at Fri, 30 Sep 2016 -
Iraqi Finance Minister Sacked, Deepening Political, Financial Crisis
...$26.5bn. Export revenues have plunged along with oil prices despite record breaking volumes. They are on track to fall to around $3.49bn this year, and potentially as low as $3.26bn, less than half that of 2014. Following Mr Zebari’s dismissal the IMF’s Iraq mission chief Christian Josz to...
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
Libya Faces Further Output Fall, Degraded Capacity With Chronic Under-Investment
...y producers since instability reduced output to zero at the Repsol-led Sharara/Murzuq fields and Marathon/Conoco/Hess-led Waha in late 2014, both with theoretical 300,000 b/d-plus capacity. Figures for January, the last comprehensive breakdown available, showed Agoco producing 239,000 b/d and SO...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Zueitina: Export Restart
...eitina terminal, which has an export capacity of 250,000 b/d, was shut down in April 2014 and has operated for only brief periods since - most recently in October 2015 (MEES, 6 November 2015). It has been closed throughout 2016, and in January was the target of attacks by Islamic State. The reopening of...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Iraqi Political Scene In Tumult Over Regional Intrigues
...tonomy, a hardening which overshadows the current oil export conflict. In December 2014, Baghdad and the KRG negotiated an oil export agreement which had the potential to lead to an end to years of wrangling over Kurdish oil exports which has been harmful to both sides. The initial agreement, passed by th...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
Moody’s Assigns Poor Rating For Iraq Bond
...ile the non-oil sector is dominated by the public sector. Manufacturing and construction together accounted for only 10% of GDP in 2014, and services had a share of 37%. More than one-third of this originated from general government services. Iraq also has very weak institutional strength. This is re...
Volume: 58Issue: 39Published at Fri, 25 Sep 2015 -
North Africa Security Special Report: Too Late To Roll Back Islamic State?
...ficials, it was the only country in the Middle East and North Africa region not to suffer from terrorism in 2014. The most recent major attack in the kingdom was in April 2011, when 17 people were killed and 25 injured in an explosion at a restaurant on Djema el-Fna, the main square in Morocco’s tourist hu...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Cairo Reshuffle Sees Oil Minister Appointed PM
...64% from E£1.1 ($0.15)/liter. Higher grade 90 Octane gasoline was raised by 41% (MEES, 11 July 2014). This has resulted in spending on oil product subsidies halving to $10.8bn or 9.5% of total spending for the 2014-15 financial year. For the current year it is budgeted to fall further to just 7% of...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Gulf Cash Boosts Balance Of Payments
...re $6.4bn in 2014-15, up from $4.1bn. But the current account deficit increased sharply to $12.2bn in 2014-15 from $2.7bn. A 14% rise in the trade deficit was driven by a 16% fall in exports, whilst imports rose by 1%. The value of oil exports in 2014-15 fell by 30% to $8.7bn, and that of oil im...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Syrian Oil: ‘$48Bn Losses’
...yuzneftegaz continues to explore the Syrian offshore, recently completing 2D seismic on its 2,190 km² Block 2 and is currently analyzing the findings. Under the agreement signed at the end of 2013, Soyuzneftegaz committed to spend $15mn during the initial exploration phase (MEES, 3 January 2014). Ru...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
IOCs Mull Algeria Safety
...ckenzie. Unconventional Plans Originally scheduled for this year the bid round will now likely be held in 2014. It will not only be a bellwether for conventional resources, but will also test the appetite for the country’s shale gas reserves, estimated to be the world’s third biggest by the US Energy In...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Iraq: A Failed State?
...dicate that part of the violence is also due to a power struggle between Prime Minister Nuri al-Maliki’s Da’wa Party, Sadrist militias and Ammar al-Hakim’s Islamic Supreme Council of Iraq, all pro-Iranian groups maneuvering for the 2014 parliamentary elections. The lack of security and the go...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013 -
Syria: US-Russia Deal
...apons and filling munitions must also be destroyed by November. There is to be “complete elimination of all chemical weapons material and equipment in the first half of 2014,” the framework says. On the one side, some EU states have called for Mr Asad’s use of sarin gas in an attack on a Da...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013