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Tunisia Attack
...counts for 7% of the country’s GDP, a share that was much higher before the 2011 revolution that overthrew former dictator Ben Ali. Tunisia had hoped that 2015 would be the year that tourists returned to the country. Such hopes now look forlorn. As a group claiming IS affiliation warned of further at...
Volume: 58Issue: 12Published at Fri, 20 Mar 2015 -
Libya: Talks Postponed As Jihadists Step Up Oil Field Attacks
...rst, in February 2011, just before the country fell into civil war, was a success. Three more wells were drilled in 2013 with one success. The October 2013 well on Block NC-115 which tested the Waha prospect encountered “very promising flow rates” of 39°API crude. Of the three 2014 wells, OMV an...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Algeria Confronts Libya Spillover Threat
...li, in 2013. For him, Algiers’ analysis of the situation in Libya has been proved right: back in 2011 it had warned leading members of the NATO-led coalition of the dire consequences of the manner in which they were intervening in Libya. Relations with Tunisia which is equally exposed to the de...
Volume: 58Issue: 11Published at Fri, 13 Mar 2015 -
Warring South Sudan Factions In Last-Chance Saloon
...0,000 b/d it was producing on average over the second half of last year, but still some 30% below pre-conflict production, and around 51% less than what it was producing in the second half of 2011, immediately after independence from Sudan. And with the country’s oil fields central to the ongoing co...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Now Or Never For Iran Oil As US Cranks Up The Rhetoric
...wn more than 55% from 2.53mn b/d in 2011, before the sanctions ramped up (MEES, 6 February). Iran and the six world powers of Britain, France, China, Russia, Germany and the US have since last February been locked in talks to turn an interim agreement reached in November 2013 into a comprehensive ac...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
New Saudi King Makes His Mark With Wide Cabinet Reshuffle
...st since 2011. Although there is no serious internal threat to the kingdom’s relative stability, despite known sympathy by Saudi youth for the Jihadists — thousands of Saudi youths have joined the Islamic State (IS) in Syria, despite being designated a terrorist organization by Riyadh — the ap...
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Saudi-UAE: The Start Of A Beautiful Relationship?
...rial campaign against the forces of the late Mu’ammar al-Qadhafi in Libya in 2011, became a more visible player in the Libyan civil war last year. When the US inadvertently revealed that UAE fighters had bombed Islamist rebels in Libya from bases in Egypt, it signaled the emergence of a new player in th...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
MEES Analysis: Bid Round Offers Century Old Acreage
...illing two dry wells in 2011. Ganope’s previous bid round offered 20 exploration blocks – 11 of which were in the Western Desert – in December 2012. But, amid the then prevailing uncertain investment climate and bureaucratic delays, definitive exploration agreements have only been signed for two, bo...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
South Sudan Turns To China As Warring Parties Prepare To Renew Hostilities
...out 160,000 b/d, down from 200,000 b/d pre-conflict. This appears to represent the first new deal with a foreign oil firm since independence in 2011, though in 2012 Juba signed a bilateral agreement with Oslo to receive support to develop its largely underdeveloped petroleum industry. The su...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Yemen On Brink Of Collapse As Crisis Threatens To Submerge Oil Sector
...adership to acquiesce to their wishes. But while the feeder gas pipeline from Marib to the plant proved to be the target of choice in 2011 and 2013 – the focus has since shifted to Balhaf itself – which has been the subject of two mortar attacks in less than a year. The latest of these came this week, wi...
Volume: 57Issue: 51/52Published at Fri, 19 Dec 2014 -
UK Restores Permanent Gulf Presence Amid Escalating ISIS Fight
...’s facilities after its withdrawal in 1971 – and therefore benefits from the United States’ security umbrella. Largely due to the presence of international security forces in Bahrain, including the US Navy as well as the GCC force that intervened to help quash unrest in 2011, Bahrain spent just $1....
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Libya: UN Efforts To Mediate Run Into Headwinds
...und of talks held in September did not yield any results. Libya’s latest political crisis in the aftermath of the 2011 revolution that swept Mu’ammar al-Qadhafi from power ignited when Islamist militia took control of Tripoli in July in response to parliamentary elections held a month earlier. The el...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Healed GCC Is To Meet In Doha, Discuss Stronger Military Ties
...gional security – including the expansionary Islamic State and the GCC’s rival across the Gulf, Iran – the group will likely only be capable of taking baby steps towards that goal. GCC defense spending has come off its early 2000s highs but outlays have spiked since unrest rocked the MENA region in 2011...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Iran Oil Exports To Rise In 2015 Despite Nuclear ‘No-Deal’
...wn, averaging less than 1.3mn b/d for the first ten months of 2014 (including condensate), versus 2.53mn b/d in 2011 (see graphs). Condensate Boost Speaking in Vienna this week, Iran’s Oil Minister Bijan Zanganeh said that despite the sanctions, Iran is still targeting an increase in exports ov...
Volume: 57Issue: 48Published at Fri, 28 Nov 2014 -
GCC Mends Fences
...st several months, Saudi Arabia finally returned its ambassador to Doha this week. The UAE and Bahrain will likely follow suit, though it is unclear if the dispute has reached a final resolution. Since the 2011 ouster of Egypt’s Husni Mubarak, the GCC has been roiled by an internal dispute that pi...
Volume: 57Issue: 47Published at Fri, 21 Nov 2014 -
IOCS In Tunisia Look To Bureaucratic Debottlenecking
...tput since 2010. The aftermath of the 2011 revolution that toppled Ben Ali, saw substantial political instability, as a first government had to make way to a caretaker administration. As a result, exploration rights were not granted, and exploration and production permits not renewed, a serious bl...
Volume: 57Issue: 44Published at Fri, 31 Oct 2014 -
Tunisia: Election Time In The Arab Spring’s Sole Survivor
...TUNISIA Tunisia: Election Time In The Arab Spring’s Sole Survivor Regime change in Tunisia set off a series of revolutions across the Middle East in 2011. The achievements of these protest movements have largely been reversed elsewhere, but parliamentary elections held in Tunisia over th...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Oil Revenues Key To Conflict In Libya
...bya specialist at the International Crisis Group. The enmity is rooted in the period after Mu’ammar al-Qadhafi was toppled in 2011, when the JCP stonewalled decision making in the GNC, so paralyzing a government already struggling to impose its authority on the country. The Misratans on the other ha...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Airstrikes Hit Syria’s Murky Wartime Oil And Gas Sector
...e entry of US-led coalition warplanes into the Syrian melee. In fact, Syria suffered from years of decline in its oil sector even prior to the outbreak of war in 2011, which then reduced oil and gas production to a mere trickle. Declining oil revenues helped put Syria on the path to civil unrest an...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Libya Oil Revival Cut Short By Sharara Outage
...litical crises and strikes left oil production fluctuating since the ouster of Muammar al-Qadhafi in 2011. Libya’s production increases in recent months had defied an escalating conflict between militia supporting opposing political factions. Output rebounded after the Political Bureau of Cyrenaica (PB...
Volume: 57Issue: 38Published at Fri, 19 Sep 2014