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Confusion Reigns As Iran Denies Russia Oil Deal Reports
...anian oil exports are down by more than 1mn b/d on average over the past 12 to 16 months, relative to 2011 levels, on the back of international sanctions placed on it on account of its nuclear program (MEES, 1 August). Given Russia’s place among the P5+1 group of world powers currently in ne...
Volume: 56Issue: 32Published at Fri, 08 Aug 2014 -
US And Saudis At Odds Over Syria
...War in Syria,” says it expects Syria’s GDP in 2015 to be 57% smaller than that at the start of the conflict in 2011. The country’s poverty rate will soar to 44.5% over the same period, ESCWA says. ESCWA says that losses to the country are equivalent to “three decades of economic growth and two de...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
South Sudan Fighting Spreads To Oil Fields
...ate. Hundreds have already been killed in the conflict which started on 15 December. This has put the international community on alert; US President Barak Obama has called on the clashing factions to stop fighting. “In 2011, millions of South Sudanese voted to forge a new nation, founded on the pr...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
Al-Qa’ida And The Syrian War: More Than Just The Overthrow Of Asad
...ve issued a charter - “Mashru’ Umma,” or an [Islamic] Nation’s Agenda - proposing a unified “military, political, social and Islamic” agenda which includes the imposition of Shari’a law after the overthrow of the Asad regime. The Syrian uprising started in the spring of 2011 with weekly de...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Egyptian Military Faces Challenges
...e security forces, the police and the Ministry of Interior. The judiciary has played a prominent role since the overthrow of President Mubarak in 2011, and guards its independence jealously. And the youth movement, which feels that the revolution it led against former President Husni Mubarak has be...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
The Geneva Nuclear Accord And Iranian Oil
...ude oil exports, as the US will not demand that buyers of Iranian crude reduce imports further. Sanctions have cut Iranian oil exports to an average of just 1.1mn b/d for the first nine months of 2013, down 55% on 2011. The signature of the Geneva agreement probably means that the US State Department wi...
Volume: 56Issue: 48Published at Fri, 29 Nov 2013 -
US Plays Hardball On Oil Sanctions As Iran Nuclear Talks Resume
...ey will actually still be losing money, even during this six-month period relative to the amount of oil sales they had back in 2011,” he said. The US would only “open up the spigot a little bit, for a very modest amount of relief that is entirely subject to reinstatement if, in fact, they vi...
Volume: 56Issue: 47Published at Fri, 22 Nov 2013 -
Iran: Geneva Deadlock Breeds Talk Of Further US Sanctions
...tput and exports nosedive as sanctions have been ratcheted up over the past 18 months. Iranian crude oil output was just 2.68mn b/d in October (MEES, 8 November), down close to 900,000 b/d on its 2011 average of 3.59mn b/d; crude exports have averaged just over 1.1mn b/d over the first nine months of...
Volume: 56Issue: 46Published at Fri, 15 Nov 2013 -
2014 Presidential Elections Dominate Algerian Politics
...unds in 2011. This prompted Mr Khalil’s successor, Mr Yousef Yousfi, to introduce an amended hydrocarbon law designed to attract investors into unconventional oil and gas fields in order to help stem declines from conventional fields. IOCs argue that the amended law still needs further re...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Zeidan Kidnapping Highlights Oil Industry Risks In Libya
...provement on an average of just 350,000 b/d for September. Prior to the strikes, production stood at around 1.5mn b/d, only fractionally less than output before the revolution of 2011. Libya’s gas production also slumped as protestors shut down a pumping station at the Wafa gas field, reducing fl...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Sudan: Crackdown Unifies Rebels
...proving the performance” of an economy still reeling from the loss of 75% of its former oil production to South Sudan when it seceded in July 2011. Latest official figures put the number of dead at more than 70, though human rights organizations have quoted figures closer to 250. Over 600 others ar...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Libya: No Light At The End Of The Tunnel
...fore the 2011 revolution was 1.6mn b/d. In an interview with the Beirut-daily al-Hayat, Mr Tariq Mitri, the UN Secretary- General’s Special Representative in Libya, noted that the government has so far failed to disarm the public and rebuild the army and police forces and that it has th...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Egypt Receives Gulf Aid But Qatar Backs Off
...fered Egypt following the 3 July coup (see table). Regional Aid To Egypt Since 2011 Revolution ($Bn)* Mursi Rule (2012-13) 12.75 Qatar 6** Saudi Ar...
Volume: 56Issue: 39Published at Fri, 27 Sep 2013 -
Obama Pursues Diplomatic Option On Syria
...wer. The Syrian regime will say, as it did after losing the Golan Heights in 1967, that it is victorious because it survives. Since it began in March 2011, Syria’s civil war has been fought at various local, regional and global levels. Domestically, over 100,000 people have been killed and mi...
Volume: 56Issue: 37Published at Fri, 13 Sep 2013 -
Rohani Champions Diplomacy Despite Ongoing Sanctions Threat
...60,000 b/d through December 2013. State-owned IOC, India’s third largest customer of Iranian crude, has slashed the volume of crude oil it plans to purchase from Iran in the upcoming fiscal year by almost one quarter. This move is in line with US legislation passed in December 2011 cu...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Law Change Hands Power, Oil Revenues To Iraq’s Provinces
...oil deal in the province, around the same time. On 14 June, Tigris announced it had sold out to fellow Swedish explorer Crown Energy. While in March Geneva-based KRG explorer Oryx Petroleum announced it had done an oil deal in December 2011 with Wasit’s provincial government (MEES, 29 March). Oryx fo...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Syrian Politics Shake-Up
...abia in 2011 and is said to have since developed close ties with the Saudi leadership. He is also a prominent advocate for international arms transfers to rebel groups. His Saudi ties may help to facilitate this. Nominally, the SNC is an interim Syrian government. It has garnered significant in...
Volume: 56Issue: 28Published at Fri, 12 Jul 2013 -
Syria’s Cash Backers
...r in March 2011, are believed to have fallen to around $4bn (MEES, 21 June). Rebels Producing Oil, Refining Locally Damascus does not have access to the bulk of Syria’s oil fields; a number of oil wells in the east of the country remain producing but are in the hands of rebel forces, wh...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Egyptian Army Hints At Intervention As Country Remains Divided
...e side of the government. In early February 2011, just after the departure of Mr Mubarak, the White House said a new Egyptian government should “include a whole host of important non-secular actors,” a clear reference to the Brotherhood, and now the US ambassador to Egypt, Anne Peterson, has come un...
Volume: 56Issue: 26Published at Fri, 28 Jun 2013 -
Cautious Optimism Reigns Supreme Following Election Of Rohani
...cently as in June 2011 (see graph 2). This decline – which could continue should the Western sanctions machine carry on in its current vein – has forced Iran into storing up to 30mn barrels of its crude oil at sea, according to London-based EA Gibson Shipbrokers, as sanctions prevent Iran from im...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013