Research & Commentary Results

“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.

The big question is, what is Baghdad expected to concede in return for Trump’s investment?

A perceived lessening of the U.S. security umbrella would leave the Saudis far more vulnerable regionally and could force additional policy adjustments.

President Vladimir Putin’s plans to change Russia’s Constitution and stay in power beyond 2024 have been hampered by COVID-19 and the oil price crash.

The April 12 OPEC+ deal to cut oil production that ended the disastrous five-week Saudi Arabia-Russia price war is a short-term fix for the global industry, but will not resolve the larger problem of over-production. The price war heightened animosity between Riyadh and Moscow and calls into question whether the OPEC+ partnership will ever be the same again.