Two oil-export pipelines will give Iraq’s semi-autonomous Kurdish region more economic clout in its quest for independence from Baghdad.
Iraqi Kurdistan oils the path towards independence
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Posts Categorized: Middle East
PetroChina reaches out for more Iraq oil
China’s largest state-owned energy firm poised to buy into what is potentially one of the world’s largest oil fields.
Turkey’s other revolt
As the central bank tries to bolster the Turkish lira an interest rate hike is seen as the logical solution.
Gulf money could make things worse for Egypt
With the country in a situation still deeply precarious, the infusion of funds won’t be enough: it’s an unsustainable remedy for long-lasting structural problems.
John Kemp: Saudi Arabia must decide OPEC’s response to shale
Saudi Arabia’s Oil Minister al-Naimi. Photo Credit: Reuters/Leonhard Foeger
If OPEC is eventually forced to trim its oil exports in response to the shale boom, Saudi Arabia will have to shoulder most of the production cuts.
Egypt’s economy after the latest cabinet reshuffle
Those in government believe this shows a desire to bring some fresh air into the negotiations with the IMF, though many outsiders don’t expect any significant changes.
Sanctions on Iran’s oil exports starting to hurt
Oil exports fell 39% in 2012 to their the lowest levels since 1986, according to the U.S. Energy Information Administration.
Jet Airways announces the departure of India’s hub airports
Jet Airways chairman Naresh Goyal (L) and Etihad Airways CEO James Hogan. Photo Credit: AFP/Sajjad Hussain
Naresh Goyal (above, left) long opposed international airlines taking stakes in India’s carriers. His change of heart may redraw the route maps of Indian and Gulf civil aviation.
Genel Energy confirms big oil find in Kurdistan
The Anglo-Turkish company succeeds in the first of five test wells it plans to drill this year verifying, to a greater extent, its strategic position in the controversial semi-autonomous region.
Dubai International Airport, en route to be the busiest in the world
Dubai’s airport has overtaken Paris’s Charles de Gaulle as the second busiest worldwide for international passenger traffic. Don’t expect the growth in the numbers to slow down any time soon as Dubai World Central, a second airport, will embark passenger traffic in October.
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