Research & Commentary Results

Algeria is at a critical stage in its energy sector development. The nation has both the potential and the incentive to maximize its natural resources and become a renewable energy leader. In addition to its status as the second-most-populous country in North Africa, Algeria is noteworthy for its relative size, wealth, location, gas reserves, renewable energy potential, and greenhouse gas emissions. Recent oil and gas price volatility and increasing domestic electricity demand provide impetus for Algeria to prioritize clean energy investment.

With its successful turnaround, strategic location, and extensive infrastructure, Egypt is repositioning itself as a regional energy hub for not only Europe and the Middle East, but also for Africa. It is useful to reflect on the successful transformation of Egypt’s energy sector while also evaluating where the sector stands today and how it will react to the twin challenges of the COVID-19 global pandemic and the oil price shock.

Over the next few days, European Union leaders will meet to discuss potential sanctions against Turkey based on Ankara’s aggressive energy claims against EU members Greece and Cyprus. Conflicting interests within the EU itself will likely preclude the bloc from actually imposing sanctions. But at the core of the recent crisis between Greece and Turkey lies a dangerous ideological model—not a mere dispute over energy resources.

“God has opened the door to unprecedented wealth for us,” said an enthusiastic Recep Tayyip Erdogan as he announced that Turkey had made its biggest-ever discovery of natural gas on Aug. 21. He promised that gas from the 320-billion-cubic-meter deep-sea find would reach consumers in 2023, but industry experts are skeptical and have raised questions about the feasibility of the discovery.

Iraq’s long-running electricity dilemma is now a daily source of public misery. The struggle of the power generation and distribution system to keep up with relentless demand caused by almost free electricity, especially as temperatures soar to record levels of over 120 degrees, is likely to get worse without reforms.

The annual Conference of the Parties (COP) was initiated by the United Nations Framework Convention on Climate Change (UNFCCC) in 1995 to assess progress made by UN members in dealing with climate change. Some meetings have had practical and measurable outcomes, such as the Kyoto Protocol of 1997. But arguably the most well-known meeting is the 2015 COP21 in Paris, also known as the Paris Agreement.

MEI’s Mirette Mabrouk and Guled Ahmed join host Alistair Taylor to discuss the ongoing dispute between Egypt, Sudan, and Ethiopia over the Grand Ethiopian Renaissance Dam (GERD), recent developments in Somaliland, and changing dynamics in the Horn of Africa.

This week’s briefing on recent news and upcoming events in the region featuring Mirette F. Mabrouk, Marvin G. Weinbaum, Gonul Tol, Alex Vatanka, and Gerald Feierstein.

Oman’s new ruler, Sultan Haitham, only has a short timeframe in which to aggressively diversify the country’s economy and reduce its dependency on hydrocarbon exports. This already difficult task is further complicated by the twin challenges of the global coronavirus pandemic and low oil prices, both of which limit the government’s fiscal room for maneuver. One obvious sector that Oman should consider expanding rapidly is its tourism industry.

So far, Saudi Arabia’s push for OPEC+ restraint appears to be working. If projections of a gradual demand recovery in 2020 are accurate, the Saudis should be able to reaffirm their centrality as market stabilizers.

Not too long ago, the Mediterranean was described as “NATO’s lake” — a sleepy backwater in a world dominated by conflict. Today, Israel’s quarrels with Lebanon, Palestine, and Syria are viewed — and minimized — as legacy conflicts, overshadowed by a new and unstable strategic environment centered upon competing visions of offshore energy and security in the eastern Mediterranean.

When OPEC+ ministers hold their next monthly meetings on July 14-15, the Saudis are likely to be a strong voice pushing for the continuation of production limits, for both economic and political reasons.

This week’s briefing on recent news and upcoming events in the region featuring Dara Conduit, Marvin G. Weinbaum, Mark Heller, Syed Mohammad Ali, Gonul Tol, and Guled Ahmed.

Of all the challenges to the OPEC+ effort, Iraq remains the biggest and most daunting.