Energy Conflicts Threaten The East Mediterranean

The continuing news about the Syrian Civil War tends to obscure the emergence of the East Mediterranean basin as a potentially significant energy-producing region, where military clashes in coming months cannot be ruled out. Recent energy-related success stories in the region include Egypt’s offshore gas discoveries and the continuing growth of Israel’s offshore gas projects, as well as promising developments offshore from Cyprus and possibly also Lebanon.

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Aramco IPO delay imperative to reassess Saudi Vision 2030 implementation? Time to focus on job creation?

The global media frenzy around the Aramco IPO saga continues. After the reports published by Reuters and others that the world’s largest IPO ever, the estimated $2 trillion Aramco listing, is cancelled, Saudi officials quickly reacted that this news is totally wrong.

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OPEC heading for crisis today! Iran block looks still to confront Saudi, production increase will be cosmetic

Stress is running high at the OPEC Summit 2018 in Vienna, Austria, where OPEC members and officials are meeting in preparation of the oil cartel’s official meeting today this week. Key-players in the current production volume game are hiding in their hotel rooms or are not approaching each other not in public. The last two days of bilateral or official meetings have shown that the opinions are showing no relaxation. The stakes are high, as an official crisis within OPEC, as some predict, would be a major blow to the existing Russia-OPEC production volume agreement which has stabilized the oil market the last months.

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