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The Terror Risk To Tunisia’s Tourism Industry
...llion in 2014 to 5.4 million in 2015, and foreign currency earnings tumbling by 43% to $1.2bn (see chart). And while arrivals began to recover again after 2015, major European tour operators only just started to return last year after foreign government travel warnings were eased. Improved se...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
‘Working 25/7’: Libya’s Oil Chief Sanalla Sits Down With MEES
...ofessed neutrality. A: The position of NOC is very clear. Since the division of the country in 2014 our focus has been solely on sustaining production. This is our vision, our strategy. We are not assigning any blame to any party in this conflict. The NOC is neutral and non-partisan. Our goal and mi...
Volume: 62Issue: 27Published at Fri, 05 Jul 2019 -
Rising Gulf Tensions Cast Spotlight Back On Iran’s Nuclear Capabilities
...wever, are uranium upgrading plants at Natanz and Fordow (see table). Bushehr-1 was started up in 2011 after a much-delayed gestation and suffered teething problems before commercial operation was declared in September 2013 (MEES, 10 October 2014). Russia’s Atomstroyexport provides uranium enriched to...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Stalemate in Tripoli: A New Status Quo?
...rporation (NOC) are deposited in the Tripoli-based central bank. While the Tripoli central bank does pay out some cash for the day-to-day running of the eastern-based administration, it is the GNA that gets to decide on the bulk of the budget. Libya has been divided since 2014 when Islamists on the lo...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Yemen: Second IOC Returns Despite No End In Sight To Conflict
...e drone attacks. YEMEN KEY OIL & GAS INFRASTRUCTURE YEMEN EXPORTS* REMAIN AT LESS THAN HALF 2014 LEVELS ('000 B/D) *BASED ON IMPORT DATA. SOURCE: MEES. PRODUCERS EDGE BACK… Further east, the story is markedly different. Vital supplies remain low and a st...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Tamar Shutdown Highlights Israel Upstream Risk
...3 May during a protest against the continued blockade of Gaza, the worst violence the region has seen since July and August 2014, when Israel launched a ground offensive on Gaza. Whilst Israel’s defense ministry says some 90% of rockets were intercepted by Israel’s ‘Iron Dome’ defenses, four Is...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Saudi Nuclear Plans Fuel Geopolitical Concerns
...yadh. The plant is being built by Argentina’s state-owned Invap, under a contract signed with Kacst in 2014. The 30kW rated unit will produce neutron beams for research, training and manufacturing medical isotopes, as opposed to heat for driving steam turbines as in a nuclear power plant. While this wi...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Egypt Gas Market Liberalization: Set For Take-Off?
...minent gas imports from Israel resting on the new framework, MEES examines the state of play. Egypt on 1 August 2017 passed legislation to enable use of the country’s 7,600km main gas grid by private sector operators. Long-mooted liberalization plans gained traction in 2014-15 as slumping domestic ou...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Algeria: Bouteflika Out, But What Next?
...the protests is Algerians’ inability to see a bright future with the current system in place. Half of the country’s 42mn population is under the age of 30 and youth unemployment is close to 30%. In the good times of high oil prices, the ruling elite was able to buy its way out of trouble, but the 2014...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Israeli-Arab Relations Under The Spotlight As Leviathan Start-Up Nears
...More than $17bn-worth of gas sales deals have been signed since 2014 to supply Israeli gas to Jordan and Egypt despite sporadic public disapproval, primarily in Jordan. Crunch time is fast approaching with the 22tcf Leviathan field due online by year’s end. Israel’s relations with Egypt ha...
Volume: 62Issue: 13Published at Fri, 29 Mar 2019 -
Lebanon Power Overhaul Gathers Pace
...e map) was supposed to be the main driver. Work on ‘Deir Ammar-2’ restarted last year after the energy ministry and contracting firm J&P Avax renegotiated a previous $435mn EPC deal into a 20-year BOT agreement, thus settling a scandalous multi-million-dollar arbitration dispute dating back to 2014. Bu...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Algeria’s Regime Under Threat
...en protests against the regime in the past, but none like this one. Bouteflika, in Geneva for what officials describe as a “routine health check,” was unable to present his own campaign papers for the coming election, a reminder of 2014 when he left it to right hand man Abdelmalek Sellal to de...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Can Iraqi Kurdistan’s Bickering Factions Grasp Key Opportunities?
...operation has at least provided the central government with an alternative to its stretched southern export infrastructure. Use of the pipeline will provide an interesting litmus test, as federal Iraqi exports through the pipeline have started and stopped several times since in 2014. In Prime Minister Ad...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
IOCs ‘Exclude’ Libya From 2019 Plans
...serves on its Murzuq basin acreage (MEES, 31 January 2014), however, of the six wells planned for 2014 only three were drilled before worsening security saw the canning of not only these three wells but also six further wells slated for 2015 (MEES, 13 March 2015). No wells have been drilled since. Re...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
Kuwait Oil Sector Risks Being Left Behind
...wait racked up budget deficits of nearly $65bn between 2014-15 and 2017-18, the emirate’s financial buffers have proven sufficient to absorb it. Kuwait will swing into a surplus this year (to April 2019), potentially of around $8bn. However, a deficit is again on the cards for 2019-20 (MEES, 25 January). ...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Sudan, South Sudan Claim Oil Production Boon, But How Much?
...0,000 b/d to come from former Upper Nile state. Prior to the conflict, production from Blocks 3 and 7 in the Upper Nile region was close to 200,000 b/d. But by late 2014 this had dropped to 140,000 b/d, and it plunged to just 117,000 b/d in 2Q 2018. If rehabilitation work in Upper Nile can be successfully ca...
Volume: 62Issue: 06Published at Fri, 08 Feb 2019 -
Qatar 2018 Revenue Surge Finances Renewed Checkbook Diplomacy
...ntinued largely without hiccup. With prices at multi-year highs last year, Doha raked in bumper revenues. Total export revenues surged 25% year-on-year to a four-year high of $84.3bn in 2018 (see chart). This was, however, still substantially down on 2014’s $130.7bn. Hydrocarbons accounted for 88.5% of...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Libya Halves 2018 Budget Deficit But Remains Hostage To Oil And Conflict
...ipoli-government’s performance. LIBYA PUBLIC FINANCES (LD BN): DEFICIT AT SIX-YEAR LOW IN 2018 AS OIL REVENUES LEAP 76%* *DATA IS FROM TRIPOLI BASED CENTRAL BANK OF LIBYA. EXCLUDES REVENUE RAISED AND SPENDING BY RIVAL BAIDA-BASED GOVERNMENT WHICH SPENT LD36BN SINCE ITS INCEPTION IN 2014 AN...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya: Sharara Restart Prospects Dim As NOC Demands Overhaul Of Oil Field Security
...vember), saw the highest monthly figure since 2014 as output of 1.20mn b/d, a five-year high, combined with Brent crude prices of over $80/B. However revenue will have dipped substantially for December. Though NOC’s annual estimate implies a figure of around $2bn for the last month of the year, MEES ca...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Libya’s NOC Forced To Shut In Key El Sharara Field
...utdown output level of 73,000 b/d was the highest since 2014 (see chart). NOC head Mustafa Sanalla at last week’s Opec meeting, eager to avoid being subject to output limits as part of the then under-discussion output deal, complained “we have internal cuts inside the country. Unfortunately, we have so...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018