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kevinobkirchner

Confirmed: Israel to Supply Gas to Egypt - Global Agenda - News - Arutz Sheva - 1 views

www.israelnationalnews.com/...186340

egypt israel gas tamar dolphinus

shared by kevinobkirchner on 21 Oct 14 - No Cached
micklethwait liked it
  • kevinobkirchner on 21 Oct 14
     
    In a 4 billion dollar deal an Israeli firm agreed to export natural gas to the Egyptian firm Dolphinus Holdings. 2.5 billion cubic meters gas will be exported from the Tamar offshore gas field in which US based Noble Energy owns 36%. The gas would be exported over the pipeline which Egypt had used to export gas to Israel before it was sabotaged 2 year ago. For more than a decade Israel had relied on Egypt for 40% of its gas under a 2005 export accord but Egypt annulled the treaty in April 2012 citing that Israel had not held up their financial obligation.
ysenia

Iran Exports First Oil to Europe Since Nuke Deal | Al Jazeera America - 0 views

america.aljazeera.com/...europe-since-nuclear-deal.html

iran politics deal america oil

shared by ysenia on 15 Feb 16 - Cached
  • ysenia on 15 Feb 16
     
    this is the first time Iran has exported oil since the Iran Nuclear Deal. They will be exporting to france, russia and spain.
wmulnea

OPEC and oil prices: Leaky barrels | The Economist - 1 views

www.economist.com/...dermining-cartel-leaky-barrels

shared by wmulnea on 05 Feb 15 - No Cached
  • OPEC, which produces about a third of the world’s daily consumption of 90m barrels of crude oil
  • cartel
  • anti-glut group
  • ...6 more annotations...
  • the country will produce 14m barrels a day (b/d) next year, on a par with Saudi Arabia
  • Iraqi oil exports, stricken by the war and its aftermath, are also set to increase.
  • Libya could be another source of production: its exports have collapsed to only a few hundred thousand barrels a day, against 1.6m in June last year.
  • OPEC’s best hope is continued American protectionism. Any easing of the restrictions on the export of liquefied natural gas (LNG) or crude will exert more downward pressure on the oil price.
  • But that would cede market share to their hated rivals, Iran and Iraq.
  • America’s domestic production of crude (and gas, which displaces some oil) is rocketing.
  • wmulnea on 05 Feb 15
     
    This article briefly addresses the current global petroleum market, outlining the top national producers and their current import/export strategies. The article is a good overview of the global politcs affecting oil prices.
kbrisba

South Tunisia in strike over export tax and man's death - Al Jazeera English - 0 views

www.aljazeera.com/...man-death-150210173304752.html

shared by kbrisba on 01 Mar 15 - No Cached
  • kbrisba on 01 Mar 15
     
    Southern Tunisia lives largely off illegal cross-border trade. A strike has been staged following deadly clashes between police and demonstrators after the seizure of contraband fuel. Unions are demanding job creation schemes, the lifting of an export tax imposed on goods imposed in October. It is estimated that about 328,000 tonnes of contraband products pass through Ras Jedir annually. Smuggling was costing the Tunisian exchequer at least $675m a year.
ralph0

Turkish officials: Europe wanted to export extremists to Syria | World news | The Guardian - 0 views

www.theguardian.com/...-to-export-extremists-to-syria

syria ISIS belgium brussels borders terrorist

shared by ralph0 on 25 Mar 16 - No Cached
  • ralph0 on 25 Mar 16
     
    Turkey's role in this war is interesting. Accused of loosening border restrictions to let foreign fighters enter Syria, Turkey is now accusing EU countries of doing the same. There is a huge number of foreign fighters in Syria and it is hard to believe that EU countries had no idea these people were leaving.
wmulnea

BBC News - Falling oil prices: Who are the winners and losers? - 0 views

www.bbc.com/...business-29643612

shared by wmulnea on 13 Feb 15 - No Cached
  • The reasons for this change are twofold - weak demand in many countries due to insipid economic growth, coupled with surging US production. Added to this is the fact that the oil cartel Opec is determined not to cut production as a way to prop up prices.
  • Russia loses about $2bn in revenues for every dollar fall in the oil price,
  • Russia has confirmed it will not cut production to shore up oil prices.
  • ...12 more annotations...
  • Venezuela is one of the world's largest oil exporters, but thanks to economic mismanagement it was already finding it difficult to pay its way even before the oil price started falling.
  • Saudi Arabia, the world's largest oil exporter and Opec's most influential member, could support global oil prices by cutting back its own production, but there is little sign it wants to do this.
  • There could be two reasons - to try to instil some discipline among fellow Opec oil producers, and perhaps to put the US's burgeoning shale oil and gas industry under pressure.
  • Saudi Arabia needs oil prices to be around $85 in the longer term, it has deep pockets with a reserve fund of some $700bn - so can withstand lower prices for some time.
  • were to force some higher cost producers
  • In the 1980s the country did cut production significantly in a bid to boost prices, but it had little effect and it also badly affected the Saudi economy.
  • Saudi Arabia, Gulf producers such as the United Arab Emirates and Kuwait have also amassed considerable foreign currency reserves, which means that they could run deficits for several years if necessary.
  • Islamic State, capturing oil wells. It is estimated it is making about $3m a day through black market sales - and undercutting market prices by selling at a significant discount - around $30-60 a barrel.
  • "The growth of oil production in North America, particularly in the US, has been staggering," says Columbia University's Jason Bordoff.
  • It has been this growth in US energy production, where gas and oil is extracted from shale formations using hydraulic fracturing or fracking, that has been one of the main drivers of lower oil prices.
  • "Shale has essentially severed the linkage between geopolitical turmoil in the Middle East, and oil price and equities," says Seth Kleinman, head of energy strategy at Citi.
  • With Europe's flagging economies characterised by low inflation and weak growth, any benefits of lower prices would be welcomed by beleaguered governments. A 10% fall in oil prices should lead to a 0.1% increase in economic output, say some. In general consumers benefit through lower energy prices, but eventually low oil prices do erode the conditions that brought them about.
wmulnea

Saudis block OPEC output cut, sending oil price plunging | Reuters - 0 views

uk.reuters.com/...-meeting-idUKKCN0JB0M420141127

shared by wmulnea on 05 Feb 15 - No Cached
  • This outcome set the stage for a battle for market share between OPEC and non-OPEC countries, as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June.
  • Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.
  • "It is a new world for OPEC because they simply cannot manage the market anymore. It is now the market’s turn to dictate prices and they will certainly go lower," said Dr. Gary Ross
  • ...6 more annotations...
  • and Algeria had calling for output cuts of as much as 2 million bpd.
  • The wealthy Gulf states have made clear they are ready to ride out the weak prices that have hurt the likes of Venezuela and Iran
  • hoped that lower prices would help drive some of the higher-cost U.S. shale oil production out of the market.
  • The Organization of the Petroleum Exporting Countries accounts for a third of global oil output.
  • A price war might make some future U.S. shale oil projects uncompetitive due to high production costs, easing competitive pressures on OPEC in the longer term.
  • "We interpret this as Saudi Arabia selling the idea that oil prices in the short term need to go lower, with a floor set at $60 per barrel, in order to have more stability in years ahead at $80 plus," said Olivier Jakob from Petromatrix consultancy.
  • wmulnea on 05 Feb 15
     
    This article suggests that OPEC is losing control of global oil prices. The article addresses budget considerations for smaller OPEC producers, like Venezuela, and the battle over market share between OPEC and gulf producers.
kbrisba

Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation w... - 0 views

www.imf.org/...pn1296.htm

shared by kbrisba on 20 Feb 15 - No Cached
  • kbrisba on 20 Feb 15
     
    In 2012 there were signs of rebound from the recession in 2011. The GDP increased by 4.8 percent, tourism and FDI started picking up in the first quarter. Exporting for Tunisia would not be as strong because of the recession in Europe. Achieving higher growth will reduce high unemployment. Directors saw a need to support economic activity while safeguarding macroeconomic stability. Directors considered that structural reforms are needed to reorient the Tunisian economy and harness its potential for higher and more inclusive growth.
jsawin

International Monetary Fund - YouTube - 0 views

www.youtube.com/imf

international fund youtube

shared by jsawin on 23 Feb 15 - No Cached
  • jsawin on 23 Feb 15
     
    Oil prices have been declining since June 2014.This trend presents new economic realities for oil-exporting countries in the middle east.
ralqass

Oil Crisis: Can Saudi Arabia Break Its Addiction And Save The Economy From Plunging Cru... - 0 views

www.ibtimes.com/-plunging-crude-prices-2262134

shared by ralqass on 09 Feb 16 - No Cached
  • ralqass on 09 Feb 16
     
    Analysts are skeptical the kingdom, the world's top oil exporter, can diversify its economy, given its past struggles.
natphan

Isis is strangling Syrian trade but a new orange co-operative is turning to Russia - 0 views

www.theguardian.com/...ge-farmers-export-trade-russia

Syria Russia ISIS conflict

shared by natphan on 09 Mar 16 - No Cached
  • natphan on 09 Mar 16
     
    Syria's economy has been strangled by the ongoing conflict. This follows an orange co-op that has been turning to Russia trying to start an export business.
fcastro2

Syria gets Russian arms under deals signed since conflict began: Assad | Reuters - 0 views

www.reuters.com/...sia-arms-idUSKBN0MQ0RK20150330

syria russia conflict arms deals politics

shared by fcastro2 on 08 Apr 15 - No Cached
  • Russia is supplying weapons to Damascus under contracts signed since the conflict in Syria began in 2011
  • appeared to contradict Moscow's line that any Russian arms supplies to Damascus were agreed before the conflict began
  • "There are contracts that had been sealed before the crisis started and were carried out during the crisis. There are other agreements on arms supplies and cooperation that were signed during the crisis and are being carried out now
  • ...5 more annotations...
  • They went through some changes to take into account the type of fighting the Syrian army carries out against the terrorists
  • Assad gave no details of the weapons being supplied by Russia, the world's second-biggest arms exporter, since the start of the conflic
  • In fact, Moscow has always highlighted that there have been and are no embargoes on military cooperation. There are no legal limitations no us
  • Russia is a longstanding ally of Assad and is hosting meetings in Moscow on April 6-9 involving some of the more moderate Syrian opposition representatives and Damascus envoys.
  • Expectations of a breakthrough are low after a first round of consultations made little progress. Many Syrian opposition figures shunned the January consultations, saying they would appear only at meetings that led to Assad's removal from power
  • fcastro2 on 08 Apr 15
     
    Russia claims that the arms deal it has with Syrian President Assad was made before the Syrian civil war started and simply just carried out the deal throughout the war. On the other hand, Assad states that they signed agreements at the beginning of the war, maybe a bit earlier. 
wmulnea

Isis threatens future oil supplies, warns IEA - FT.com - 0 views

www.ft.com/...59-11e4-a1a9-00144feabdc0.html

shared by wmulnea on 02 Mar 15 - No Cached
  • Mr Birol said instability in the Middle East, and especially in Iraq, had “major implications” for oil markets.
  • Iraq has the world’s third-largest reserves of conventional oil
  • the government in Baghdad and the Kurdistan Regional Government in Erbil, which are usually at loggerheads, this month agreeing a temporary deal for crude exports and revenue sharing
  • ...4 more annotations...
  • Iraq’s oil production has fallen only 10 per cent this year.
  • the rapid ascent of Isis has raised questions about the country’s security, adding to international companies’ concerns about regulatory, environmental and budget problems.
  • Poor roads and transport infrastructure were adding to security concerns and hence costs, he added.
  • Mr Birol said it was highly unlikely that US crude production could meet the expected increase in global demand, even if shale oil production continued to outpace forecasts as it has done in recent years.
fcastro2

A daring plan to rebuild Syria - no matter who wins the war - Ideas - The Boston Globe - 0 views

www.bostonglobe.com/...story.html

syria plan war politics china russia the west

shared by fcastro2 on 23 Feb 15 - No Cached
  • The first year of Syria’s uprising, 2011, largely spared Aleppo, the country’s economic engine, largest city, and home of its most prized heritage sites. Fighting engulfed Aleppo in 2012 and has never let up since, making the city a symbol of the civil war’s grinding destruction
  • Rebels captured the eastern side of the city while the government held the wes
  • , residents say the city is virtually uninhabitable; most who remain have nowhere else to go
  • ...28 more annotations...
  • In terms of sheer devastation, Syria today is worse off than Germany at the end of World War II
  • ven as the fighting continues, a movement is brewing among planners, activists and bureaucrats—some still in Aleppo, others in Damascus, Turkey, and Lebanon—to prepare, right now, for the reconstruction effort that will come whenever peace finally arrives.
  • In a glass tower belonging to the United Nations’ Economic and Social Commission for Western Asia, a project called the National Agenda for the Future of Syria has brought together teams of engineers, architects, water experts, conservationists, and development experts to grapple with seemingly impossible technical problems
  • It is good to do the planning now, because on day one we will be ready,”
  • The team planning the country’s future is a diverse one. Some are employed by the government of Syria, others by the rebels’ rival provisional government. Still others work for the UN, private construction companies, or nongovernmental organizations involved in conservation, like the World Monuments Fund
  • As the group’s members outline a path toward renewal, they’re considering everything from corruption and constitutional reform to power grids, antiquities, and health care systems.
  • Aleppo is split between a regime side with vestiges of basic services, and a mostly depopulated rebel-controlled zone, into which the Islamic State and the Al Qaeda-affiliated Nusra Front have made inroads over the last year
  • The population exodus has claimed most of the city’s craftsmen, medical personnel, academics, and industrialists
  • It took decades to clear the moonscapes of rubble and to rebuild, in famous targets like Dresden and Hiroshima but in countless other places as well, from Coventry to Nanking. Some places never recovered their vitality.
  • Of course, Syrian planners cannot help but pay attention to the model closest to home: Beirut, a city almost synonymous with civil war and flawed reconstructio
  • We don’t want to end up like Beirut,” one of the Syrian planners says, referring to the physical problems but also to a postwar process in which militia leaders turned to corrupt reconstruction ventures as a new source of funds and power
  • Syria’s national recovery will depend in large part on whether its industrial powerhouse Aleppo can bounce back
  • The city’s workshops, famed above all for their fine textiles, export millions of dollars’ worth of goods every week even now, and the economy has expanded to include modern industry as well.
  • Today, however, the city’s water and power supply are under the control of the Islamic State
  • Across Syria, more than one-third of the population is displaced.
  • A river of rubble marks the no-man’s land separating the two sides. The only way to cross is to leave the city, follow a wide arc, and reenter from the far side.
  • Parts of the old city won’t be inhabitable for years, he told me by Skype, because the ground has literally shifted as a result of bombing and shelling
  • The first and more obvious is creating realistic options to fix the country after the war—in some cases literal plans for building infrastructure systems and positioning construction equipment, in other cases guidelines for shaping governanc
  • They’re familiar with global “best practices,” but also with how things work in Syria, so they’re not going to propose pie-in-the-sky idea
  • If some version of the current regime remains in charge, it will probably direct massive contracts toward patrons in Russia, China, or Iran. The opposition, by contrast, would lean toward firms from the West, Turkey, and the Gulf.
  • At the current level of destruction, the project planners estimate the reconstruction will cost at least $100 billion
  • Recently a panel of architects and heritage experts from Sweden, Bosnia, Syria, and Lebanon convened in Beirut to discuss lessons for Syria’s reconstruction—one of the many distinct initiatives parallel to the Future of Syria project.
  • “You should never rebuild the way it was,” said Arna Mackic, an architect from Mostar. That Bosnian city was divided during the 1990s civil war into Muslim and Catholic sides, destroying the city center and the famous Stari Most bridge over the Neretva River. “The war changes us. You should show that in rebuilding.”
  • Instead, Mackik says, the sectarian communities keep to their own enclaves. Bereft of any common symbols, the city took a poll to figure out what kind of statue to erect in the city center. All the local figures were too polarizing. In the end they settled on a gold-colored statue of the martial arts star Bruce Lee
  • “It belongs to no one,” Mackic says. “What does Bruce Lee mean to me?
  • is that it could offer the city’s people a form of participatory democracy that has so far eluded the Syrian regime and sadly, the opposition as well.
  • “You are being democratic without the consequences of all the hullabaloo of formal democratization
  • A great deal of money has been invested in Syria’s destruction— by the regime, the local parties to the conflict, and many foreign powers. A great deal of money will be made in the aftermath, in a reconstruction project that stands to dwarf anything seen since after World War II.
  • fcastro2 on 23 Feb 15
     
    While it is still unclear as to who will win the Syrian conflict, there are people who are already looking towards the future and a better Syria. Plans are being made but, of course, these plans will entirely depend on who wins the war. 
eyadalhasan

Start Preparing for the Collapse of the Saudi Kingdom - 0 views

www.defenseone.com/...125953

Saudi Arabia Mideast policy

shared by eyadalhasan on 01 Mar 16 - No Cached
  • eyadalhasan on 01 Mar 16
     
    For half a century, the Kingdom of Saudi Arabia has been the linchpin of Mideast policy. A guaranteed supply of oil has bought a guaranteed supply of security. Ignoring autocratic practices and the export of Wahhabi extremism, Washington stubbornly dubs its ally "moderate." So tight is the trust that U.S.
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