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Israeli-Turkish Normalization Talks May Include Energy Parameter
...rmara incident, when Israeli commandoes killed nine Turkish citizens while boarding a Turkish ship, which was attempting to break Israel’s blockade of the Gaza Strip. Although both sides have been pressured by the US to reach some sort of accommodation since the autumn of 2011, the campaign has been st...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
Warship Arrivals Renew Iran Ties With Sudan
...06 2007 2008 2009 2010 2011 2012 2013 24 24.9 24...
Volume: 55Issue: 51Published at Fri, 14 Dec 2012 -
Egypt Faces Critical Days
...E£69.614bn ($11.39bn) from E£47.218bn ($7.73bn) in the corresponding period of fiscal year 2011-12, the November issue of The Financial Monthly, published by the Egyptian Ministry of Finance said. Cairo is badly depending on a $4.8bn loan from the IMF to breathe some confidence back into the ec...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Iran Still Trying To Sidestep Sanctions
...e largest buyer of Iranian crude, data published by the country’s General Administration of Customs on 21 November indicates a fall of close to 22% in Iranian imports since the beginning of the year. In October Chinese imports were 23.2% lower than the same month in 2011. South Korea’s national oil co...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012 -
Kuwait’s Political Instability Worsens
...nstitutional Court about the elections, and a ruling is expected on 27 November. The court overturned earlier this year a 2011 decree by the Amir that allowed elections in February 2012, triggering the latest political crisis. When the ‘Arab Spring’ uprisings started Kuwait’s government gave cash ha...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Political Comment (2 November 2012)
...March 2011 – such as the US, France and Turkey – appear to be having second thoughts. But the harsh reality is that it may already be too late, and that Syria, like the egg Humpty Dumpty in the English nursery rhyme, is already broken beyond repair. Unless Mr Asad can bomb his own ci...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Maliki Asserts Control Over Central Bank Of Iraq
...$150-160mn per day in the first 10 months of 2011, and reached around $200mn per day early this year, before peaking at $300mn daily. The irony here is that Mr Maliki was backed by Tehran for the post of prime minister with the acquiescence of the US. Moreover, the Maliki administration is...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012 -
Oil-Rich Abyei No Longer Open For Discussion, Juba Says
...adlock on the Abyei referendum on the grounds it ignored the eligibility of the predominantly Muslim nomadic people of the Misseriya tribe to vote. By way of a protocol, the 2005 CPA had originally granted Abyei a January 2011 referendum in order to decide whether it joined the South, or re...
Volume: 55Issue: 41Published at Fri, 05 Oct 2012 -
Baghdad-Ankara Relationship At Crossroads
...rkey in 2011. Turkey is aiming to break into the list of the world’s top ten economies by 2023, and Ankara is targeting Iraq in general and the KRG in particular, as strategic fuel sources for this planned economic expansion (MEES, 28 May). Turkey’s economic boom since the late-1990s has be...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Kuwait Political Stalemate Seen Continuing After Electoral Law Upheld
...e parliamentary finance committee and the oil ministry started probes into Shell’s Enhanced Technical Services Agreement (ETSA). Being conducted for state-owned upstream firm Kuwait Oil Company (KOC), the ETSA is to help develop northern Jurassic gas projects (MEES, 8 August 2011). The enquiry looks at...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
NIOC Hit With US Sanctions As EU Looks At Further Measures
...th Islamic Revolutionary Guard Corps (IRGC) was a basis for the decision. The US drew attention to the appointment in July 2011 of Rostam Qasemi as Iran’s Petroleum Minister – he was a former IRGC Brigadier General. The US Treasury also said that evidence of the NIOC-IRGC link was an in...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012 -
Sudans Hopeful Of Border Dispute Resolution Ahead Of Ethiopia Summit
...aring of oil revenues, the position of the 1,800km border, and the division of national debt (MEES, 11 July 2011). News of the summit surfaced on the back of some comments by a Western official in which he suggested the two sides had made significant progress towards a more complete agreement to...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
New EU Sanctions Aimed At Iran’s Gas Industry
...ports. Washington is also set to renew (India) or grant (South Korea) waivers because these major Asian buyers have also limited their year-on-year crude imports from Iran by at least 20%. The steepest decline recorded so far is from Japan which has cut them by almost 40% from 2011 levels. Only China has so...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
India’s Caspian Move Counters Lost Iranian Crude Imports
...oduction in 2011 and would help the Indian company reach its medium-term goal to increase output from 8.75mn tons of oil equivalent (toe) in 2011 to 20mn toe in 2018. It would also expand ONGC’s reserves by 9%. Quid Pro Quo ONGC said the purchase “bears significant strategic importance to In...
Volume: 55Issue: 39Published at Fri, 21 Sep 2012 -
Gulf Tension Spurs Oil Defenses, UAE Struggles With Hormuz Pipeline
...traordinary.” The kingdom spent $33bn on US weapons in 2011, making it the world’s leading importer of US arms. Last year the US also sold missile defence batteries, radars, helicopters and fighter jets to Oman and the UAE. The US Defence Security Cooperation Agency has said it expects to sell more weapons to Qa...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Hopes High For Oil Restart As Sudans Return To Talks
...venues was one of the main issues left unresolved when the South broke away from Sudan in July 2011, taking with it around 75% of Sudan’s historical oil reserves (MEES, 9 July 2011). The two sides had since been locked in a bitter dispute which came to a head in late January, when the South shut down its 35...
Volume: 55Issue: 37Published at Fri, 07 Sep 2012