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East Africa To Take Charge Of South Sudan Ceasefire
...wn since the first week of 2014. Until late last month, South Sudan’s remaining production – coming solely from its Upper Nile fields – was running at close to 200,000 b/d capacity. But recent clashes have since affected production from the state, with government estimates this week putting total ou...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Jordan Bags $783m Loans
...pends heavily on foreign grants to reduce its budget deficit, expects to receive JD1,151mn ($1,623mn) in foreign grants in 2014, up form JD982mn ($ 1,385mn) in 2013 (MEES, 21 February). Jordan’s Latest Loans Source $Mn Pu...
Volume: 57Issue: 12Published at Fri, 21 Mar 2014 -
Domestic Upheavals Challenge Oil Industry In Iraq, Libya
...rliamentarians, who support them, have blocked the discussion of the 2014 budget in parliament. Baghdad has refused to pay the KRG its share of the budget, leading to much aggravation among KRG civil servants. The KRG-Baghdad oil conflict has wider scope, raising protests among oil producing governorates. For ex...
Volume: 57Issue: 11Published at Fri, 14 Mar 2014 -
Iraq: Al-Sadr Withdrawal Realigns Shi’a Alliances Prior To Parliamentary Poll
...the failure of his economic policies. The 2014 draft budget (yet to be approved by parliament) is around $150bn, with a projected deficit of $30bn (MEES, 31 January). Some 93% of the public budget depends on oil revenue, according to IMF figures. Around 63% of public budget expenses are allotted to...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Saudi Arabia, Qatar And The Pakistani Prize
...the deadline to build its section of the line (MEES, 7 February). Iran’s Oil Ministry has stuck to its guns however, saying this week that Pakistan is “contractually obliged” to complete its side of the project by the (wholly unrealistic) original December 2014 deadline. Long-Term Ta...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Libya: Power Outages, Power Vacuum
...at wave. It is hardly a good time for power plants to fall into further disrepair. Libya’s government has so far failed to approve a budget for 2014, and admitted to curbing spending at several ministries, as income is reduced by the continued blockage of oil exports that is slashing re...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Enigmas Of The Islamic State Of Iraq And The Levant
...hadist movements in Syria consisted initially of words. This was followed by open warfare between the militias, over territory, oil smuggling and leadership. Since early January 2014, ISIL won the upper hand over several militant Jihadist militias, Jaish al-Mujahidin, the Islamic Front, and the Syrian Re...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Yemen: IOCs On Alert Following Explosive Start To 2014
...YEMEN Yemen: IOCs On Alert Following Explosive Start To 2014 The simmering violence that has engulfed Yemen since the resignation of its former president in early 2012 has escalated dramatically in recent weeks, impacting some IOC operations in the central Hadhramaut pr...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Force Majeure A Reminder Of Risks For Energy Producers In Egypt
...ving initially hoped to bring the fields online this year. Neither of the blocks are part of TransGlobe’s 2014 production forecast of 20,500 b/d. However, PGNiG’s parting shot stands out for giving political risk as a reason for the company’s departure from Egypt. IOCs have been careful to play do...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Repsol Defies Libya Storms
...LIBYA Repsol Defies Libya Storms Spain’s Repsol has made Libya a focal point of its 2014 exploration drive, in spite of the ongoing disruptions to oil exports that are keeping the bulk of the country’s production offline. Repsol aims to sink six exploration wells into Li...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Donors Pledge $2.4Bn Syrian Aid
...raise some $6.5bn for 2014 in order to provide medical care, food water and shelter for both refugees having fled Syria and civilians within Syria. The Secretary General noted that when the donors met a year ago 4mn Syrians needed aid, and that a year later the world is facing a regional and a hu...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
Kuwait Budget Surplus Falls In First Half 2013-14
...e rise in expenditure. The IMF said last December that the fiscal and current account surpluses are expected to remain large in 2014 and that at a constant level of oil production real GDP growth will rise to around 3%. But the IMF cautions that it is important to restrain current expenditure gr...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Egypt In 2014: Referendum And Elections
...EGYPT Egypt In 2014: Referendum And Elections In 2014 Egypt is planning a referendum on a new constitution, as well as presidential and parliamentary elections, as part of a campaign to legitimize the overthrow of the Muslim Brotherhood government under former President Mu...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Lebanese Bid Round Hostage To Politicial Stalemate
...fore IOCs are sure what they are bidding for and under what specific terms – all subject to the approval of a future government. With no grand compromise in sight, it may be well into 2014 before Mr Salam is able to form a new government. It is therefore highly likely that there will be fu...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
Civil War And Partition Threaten Iraq
...nd a modus vivendi. The current instability coincides with plans to raise the export capacity of Iraq’s southern oil ports to 4mn b/d by the end of the first quarter of 2014. Crude oil storage capacity throughout the country has been increased to over 7mn barrels. According to Deputy Prime Mi...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Border Impasse
...nister of Energy Gebran Bassils early October announcement that the ministry had extended the deadline for IOCs to submit their bids. Originally set for September, the deadline has gradually been pushed back to 10 January 2014. In all likelihood, this is a moving target. Caretaker Prime Minister Na...
Volume: 56Issue: 44Published at Fri, 01 Nov 2013 -
Saudi-US Tension Goes Public Over Iran
...position in any transitional government, and whether Mr Asad will be allowed to run in the 2014 presidential elections....
Volume: 56Issue: 43Published at Fri, 25 Oct 2013 -
2014 Presidential Elections Dominate Algerian Politics
...ALGERIA 2014 Presidential Elections Dominate Algerian Politics Three issues are dominating the present Algerian political scene: A power struggle between the supporters of Algeria’s president and the heads of the Algerian State Intelligence Service (DRS); the growing th...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Challenges To KRG Political Stability
...ections in the spring of 2014. A negative Kurdish response will mean an indefinite postponement of the federal elections. A second matter requiring Mr Barzani’s attention is the question of relations with Kurds in the neighboring states of Syria, Turkey and Iran and whether the time has come to ca...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
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