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Egypt, Ethiopia Hit Dam Deadlock
...uld prove to be a blessing in disguise, giving Ethiopia and Egypt time to come to a compromise. Slated to be complete in July 2017, the most recent delay came in April last year when Ethiopia’s newly elected Prime Minister Abiy Ahmed launched investigations into key projects awarded by his pr...
Volume: 62Issue: 41Published at Fri, 11 Oct 2019 -
Iran Confident Jask Terminal On Track For 2021 Start
...ippage. At 1mn b/d, Jask will be Iran’s second largest crude export terminal upon completion, behind the Kharg Island facilities which Iran puts at a massive 8mn b/d (MEES, 30 June 2017). Condensate meanwhile is exported from the Assaluyeh terminal. While Jask’s location outside of the Strait of Ho...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
PIF Muscles In On Aramco Amid Oil Sector Shakeup
...r Saudi Arabia’s struggles to secure the foreign investment inflows required to boost economic diversity. Whether Mr Khorayef is likely to achieve more success than Mr Falih is far from clear. After all, investors have been deterred by the fallout from the Jamal Khashoggi killing and 2017’s in...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Tunisia At The Crossroads
...der 25, whose inability to secure formal employment was a key catalyst for the 2010-11 revolution. Creating jobs is thus a political imperative for Tunisia. And an economic one too if is to reach its stated aim of a 3.9% fiscal deficit, down from 2018’s 4.6% and 2017’s 6% (see table). PUBLIC SE...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019 -
Qatar Investments Win Trump Approval
...Qatari Emir Tamim Al Thani can be pleased with the results of this week’s trip to the US, where he received glowing praise from President Donald Trump. The emirate has been assiduously courting support from potential allies since its neighbors imposed an embargo in June 2017 and appears to ha...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Houthis Expose Saudi Arabia’s Growing Desalination Dependency
...pulation’s need for potable water. This dependency is growing at a rapid rate. The latest data from state regulator ECRA puts demand over the course of 2017 at an average 6.73mn m³/d, up a massive 9.9% year-on-year (see chart). Demand has almost certainly continued to soar over the past 18 months. Me...
Volume: 62Issue: 26Published at Fri, 28 Jun 2019 -
Rising Gulf Tensions Cast Spotlight Back On Iran’s Nuclear Capabilities
...named site in Iran. At the time AEOI was seeking to fabricate fuel rods itself for any new plants in Iran. However, the agency decided it would need to accept an expansion of existing arrangements for using Russian fuel and returning spent rods before work on Bushehr-2 could begin (MEES, 31 March 2017...
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
GCC Rift Enters Third Year As Qatar PM’s Saudi Trip Ends In Acrimony
...abia, UAE, Bahrain and Egypt cut off diplomatic relations with Qatar (MEES, 9 June 2017). The rift shows no sign of easing. Qatari Prime Minister Abdullah bin Nasser Al Thani last week became the first senior official to visit Saudi Arabia since the June 2017 flareup when he attended a series of su...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Gulf Monarchies Look To Score In Soft Power Premier League
...ch invested over $1bn to date in a bid to win football’s biggest club prize, Europe’s Champion’s League. Adding spice to the contest is that Abu Dhabi alongside Saudi Arabia has been the key instigator of an embargo on Qatar since 2017. At least, to paraphrase George Orwell, football is a war minus th...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Saudi Keeps Crude Exports Tight Despite Us Pressure
...12mn b/d, the lowest quarterly figure since 4Q 2017 (see chart 1 and p18 for full data). They appear on track to dip further in Q2. MEES pegs exports at a shade over 7mn b/d during April, and slightly less than this over the first half of May. Of course, this could all change. Saudi Arabia could ramp up pr...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Iran Sets New Rules For Repatriation Of Petchems Forex
...rrency earnings, as Tehran struggles to access its export revenues under tough US sanctions. State petrochemicals firm National Petrochemical Company (NPC) and its subsidiaries and affiliates earned some $10bn in the Iranian 2017-18 calendar year before the US unilaterally reimposed sanctions in May 20...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Yemen: Second IOC Returns Despite No End In Sight To Conflict
...rm PetroMasila’s Blocks 10 & 14 – the main producers of Masila grade crude – and sent via a 150km, 300,000 b/d pipeline to the Ash Shihr terminal which has storage capacity of 3.5mn barrels. PetroMasila was the first firm to restart production in Yemen back in 2016 (MEES, 15 September 2017). Ca...
Volume: 62Issue: 20Published at Fri, 17 May 2019 -
Tamar Shutdown Highlights Israel Upstream Risk
...e online in Q4 this year (see box and MEES, 12 April). Israel has struggled to attract big names to its upstream. The country’s previous bid round in 2017 flopped with Greek minnow Energean the key winner (MEES, 15 December 2017) – Indian state firms also took one block but they have yet to co...
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Tensions Flare As Turkey Drills Off Cyprus
...ach any sort of compromise, with the most recent summit in Switzerland in 2017, the last concerted efforts, failing to reach any sort of deal. Turkey has warned Cyprus about its own drilling activities to the south of the island and has been threatening since 2011, when Noble Energy discovered the 4....
Volume: 62Issue: 19Published at Fri, 10 May 2019 -
Saudi Nuclear Plans Fuel Geopolitical Concerns
...SSIA Certainly Russia’s Rosatom has had the most success in nuclear power awards in the Mena region. It has built the region’s first and only operational plant, at Bushehr on Iran’s Gulf coast, and is building two more (MEES, 31 March 2017). Rosatom is also slated to build Egypt’s nuclear project on th...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Battle For Tripoli Rages On
...rgoes from Libya in the first quarter. In 2018, Libya at 27% was the largest single crude supplier to OMV refineries, taking the crown from Romania, which accounted for 22% in 2017. LIBYA CRUDE OUTPUT REBOUNDS TO 1.1MN B/D IN MARCH ON EL SHARARA RESTART (MN B/D) SOURCE: MEES. ...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Egypt Gas Market Liberalization: Set For Take-Off?
...Cairo in 2017 passed a law enabling the liberalization of Egypt’s gas transmission and distribution grid. Private firms would, for a fee, be able to make use of infrastructure that will remain under the ownership of state firm Gasco. With 18 firms recently awarded licenses, and supposedly-im...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Israeli-Arab Relations Under The Spotlight As Leviathan Start-Up Nears
...bassy in Amman shot and killed two Jordanians in 2017 saw Israel’s embassy close for six months (MEES, 19 January 2018). And US President Trump’s recognition of Jerusalem as Israel’s capital in late 2017 made matters even worse. Israel’s poor handling of security at Al Aqsa mosque, of which Jordan is te...
Volume: 62Issue: 13Published at Fri, 29 Mar 2019 -
Senior UAE Official Calls For Israeli Dialogue
...iticism of “subversive Qatari politics and support for extremism and terrorist organizations” in the wake of the June 2017 GCC rift (MEES, 9 June 2017). His views on the UAE’s neighbor haven’t softened over the past two years....
Volume: 62Issue: 13Published at Fri, 29 Mar 2019 -
Lebanon Power Overhaul Gathers Pace
...ill needs to approve the law. FSRUs would then be needed to supply gas to the grid. The energy ministry in 2017 called for expressions of interest to supply LNG via three planned FSRUs (one at Deir Ammar, one at Selaata and one at Zahrani). Eight prequalified firms reportedly submitted proposals la...
Volume: 62Issue: 11Published at Fri, 15 Mar 2019