Industry analysts widely agree that OPEC+ production levels are currently well below the members’ authorized quotas and that any production increases will mainly be met by Saudi Arabia and the UAE. The challenges facing the group are daunting, but if met, seven major OPEC countries could feasibly raise crude oil production while utilizing existing infrastructure, significantly narrowing the global demand-supply gap.
New opportunities in gas production to define future of Middle East energy giants
While there will continue to be a market for oil and associated petrochemical products for some time to come, the short- and medium-term opportunities in gas production will be transformational for some MENA states.
When gaming out the country’s likely political trajectory, most fellow Saudi watchers I know agree that the likelihood of the kingdom imploding is slight, but were that to come to pass, the consequences for the U.S. and the rest of the world would be enormous. Yet Saudi Arabia has managed to negotiate several turbulent events in its recent history with a rather remarkable lack of destabilization. And it’s most likely to continue along that trend, even in the face of what could be more storms to come.
Intissar Fakir is joined by Marwa Haddar and Fadil Aliriza to discuss the economic issues Tunisia is facing, international financial institutions’ role in the crisis, and the government’s actions, or lack thereof, to help the country.
The war in Ukraine: A test for Algiers’ non-alignment doctrine
Russian President Vladimir Putin’s decision to invade Ukraine in late February could have unprecedented consequences for North Africa. Algeria will be swept up in the resulting shifts, forcing the country’s civilian and military leadership to make difficult international calculations.
Qatar strengthens ties with international energy players through North Field East Project
Throughout the month of June, Qatar Energy, the state-owned energy company responsible for delivering the newly named North Field East Project, captivated the attention of global energy players. After more than six months of bid evaluation, the Qataris have selected the partners in the drive to expand their LNG capacity. While all partners have minor interests, the Qataris have publicly secured participation from representative Western energy players.
Since the beginning of 2022, Tunisian President Kais Saied has issued decrees reshaping the judiciary in a way that further subordinates it to the executive branch of government. Saied claims that his aim is to “cleanse” it of corruption and other forms of wrongdoing, yet judges counter that the president is interfering in the judiciary and intimidating judges.
أُخُوة يخنقها العداء: التنافس الجزائري المغربي وتحديات الاندماج المغاربي
صَدم وزير الخارجية الجزائري، رمطان لعمامرة، العالم بإعلانه القطع المفاجئ للعلاقات الدبلوماسية بين الجزائر والرباط، بعد ثلاثة عقود من تجاور بارد بين القوتين المغاربيتين. واتهم لعمامرة، في بيان رسمي، تلاه أواخر أغسطس/آب 2021، المغرب بالتخلي عن التزامه بتنظيم استفتاء لتقرير المصير في الصحراء الغربية، من بين ما أسماه “أعمال عدائية ومشينة” أخرى ارتكبها ضد الجزائر.
Brothers at arm’s length: Moroccan-Algerian rivalry and the challenge of Maghrebi integration
In late August 2021, Algerian Minister of Foreign Affairs, Ramtane Lamamra, shocked the world by abruptly severing diplomatic relations with Rabat after three decades of a cold modus vivendi between the two Maghrebi powerhouses. In an official statement, Lamamra accused Morocco of abandoning its commitment to organizing a referendum for self-determination in Western Sahara, among other “hostile and despicable acts” against Algeria.
Economic Diversification and Energy Transition in Iraq and the Gulf
To identify pathways to deal with demands for economic reform and volatility in resource revenue in Iraq, in November 2021 the Middle East Institute (MEI) and Iraq Policy Group (IPG) convened a high-level workshop on the side-lines of the American University of Kurdistan’s annual Middle East Peace and Security Forum. This report provides the insights and analyses of a select group of participants, and forms part of a series of forthcoming Iraq- and Gulf-focused reports and initiatives that MEI and IPG will be convening.
Bridging the Cost Gap: Three Labor Policies to Close the Wage Gap Between Saudi and Foreign Labor
Since the launch of Vision 2030 six years ago, Saudi Arabia has made considerable progress in reducing the labor-cost gap between national and foreign workers in the private sector. While the total unemployment rate has declined recently among nationals, it remains high at 11%. Drawing on evidence from Bahrain’s experience with labor market reform, this can be significantly reduced through policies designed to bridge the cost gap between citizens and foreign labor in the private sector.
