OPEC+ Saves the Day On October 5, the Organization of the Petroleum Exporting Countries and Russia (OPEC+) decided to cut its output from its baseline levels by 2 million barrels per day. This decision [...]
In recent years, international commentators have increasingly interpreted the Egyptian economy as a success story due to the country’s strong growth performance and improving macroeconomic fundamentals
Amid Coronavirus And Declining Oil Revenues: Is this Mission Impossible For The New Iraqi Prime Minister?
Mesut Ozcan | 15 May 2020 | TR | AR
May 15, 2020
Mustafa al-Kadhimi has been sworn in as the new Prime Minister of Iraq nearly six months after the resignation of Abdel Mahdi and following two failed nominations
May 15, 2020Mesut Ozcan2022-05-28T18:40:22+03:00
Iraq is at a historic crossroads after stop-start efforts to reform its economy. Rapidly recovering oil prices have seen the return of Iraq’s investment budget and are providing a unique opportunity for the government to rebuild war torn cities and provide services for millions of citizens.
Despite repeated statements from Qatar Airways officials reassuring shareholders of the company’s ability to hedge against the negative influences of the regional blockade since June 2017, it is assumed that the company will report [...]
After the defeat of the Islamic State (ISIS), the priority for Iraq is now rebuilding the country in order to avoid a similar scenario to that which the country witnessed after the emergence of ISIS in 2014
/ / Abstract: Russia and Turkey have come a long way in restoring their political [...]
Against the backdrop of instability in the global energy industry, Moscow is seeking to consolidate its share of the oil and gas markets as well as ensure that its revenue stream from the oil trade does not thin out.
Worldwide, as of 2016, 65 million people have been displaced from their homes, the highest level ever recorded. Moreover, Turkey is now home to the largest refugee population in the world.
The lifting of economic and trade sanctions in relation to Iran’s nuclear programme means that the Islamic Republic should be able to export its oil freely to a wide range of customers, just as it did before the imposition of sanctions. Since Iran was not a negligible producer, other producers fear that the timing of its comeback to the market is bad news, as it may lead to lower oil prices for longer, especially if OPEC sticks to its existing strategy. The key questions that the international community is subsequently debating are: will Iran flood the oil market and, more importantly, is it able to do so? As this article argues, the sanctions were only partially responsible for Iran’s energy problems, and their removal will not solve the country’s long standing impediments to production, which, in the absence of sound and robust reforms, will prohibit a rapid expansion in Iranian capacity, as they have done for decades now.