Saudi Arabia looks abroad to LNG and petrochemicals to hedge its bets
In late May, Saudi Aramco signed an agreement to buy 5 million tons per annum of liquefied natural gas (LNG) from San Diego-based Sempra Energy’s planned LNG terminal in Port Arthur, Texas. The deal exemplifies Saudi Aramco’s determination to boost the share of LNG and petrochemicals in its portfolio before its long-awaited public offering in 2021.
Over the past few months, an awkward courtship has been going on between Iraq and its two most polarizing neighbors, as Tehran and Riyadh attempt to convince Baghdad of the merits of their respective orbits. While both sides make compelling points, the fact is that Iraq is exceedingly happy to occupy the middle ground, geopolitically and economically, between the two regional powers.
Understanding the Fatemiyoun Division: Life Through the Eyes of a Militia Member
Approximately 10,000-20,000 Afghan men, mostly from the Hazara ethnic group, have fought in Syria in support of the government of President Bashar al-Assad. Organized by Iran and led by the Islamic Revolutionary Guard Corps and other affiliated groups, they have gathered under the banner of the so-called “Fatemiyoun” Division. This is the story of one of those men, Mohammed Jalil Dinsta, told through selections from his writings, alongside relevant analysis.
If at first you don’t succeed: Turkey gears up for Istanbul election rerun
The March 31st local elections in Turkey were a breath of fresh air for those long resigned to the fact that the ballot box doesn’t matter anymore and that President Recep Tayyip Erdogan was invincible. To the surprise of many, the opposition captured all of Turkey’s major cities, but the decision by the Supreme Election Council on May 6th to nullify the results of the Istanbul mayoral election and call for a new vote quickly changed the mood. The election is now set to be rerun on June 23rd.
The Middle East and its role in the global economy
Too many of the world’s economies are still struggling. Who right now can help them and in the process most help itself? We suggest it’s the Middle East, but only once the region takes on a long overdue leadership role in the global economy’s financial regulatory and development bodies.
How will the end of US sanctions waivers impact Iran and global energy markets?
The Trump administration’s decision on April 22 to stop waiving sanctions on eight countries that purchase Iranian crude sent oil prices to their highest levels in six months and resulted in defiance and hand-wringing from the three biggest buyers. Meanwhile, Iran said it would retaliate by shutting the Strait of Hormuz, a move that would make it difficult for other Persian Gulf countries to get their crude to market.
US sanctions and the future of Turkish-Iranian energy ties
Iran’s huge hydrocarbons reserves and Turkey’s growing demand for oil and gas seem to suggest great potential for energy collaboration. US sanctions and pricing disputes, however, limit and complicate the prospects of such a partnership.
Turkey, which lies at the crossroads of Europe and Asia, has emerged in recent years as an important geopolitical actor not just within the surrounding region but in the global arena as well. Turkey’s foreign and economic policy horizons today extend to the Far East. These essays explore the development of cultural, political, and economic links between Turkey and Asia.
Monday Briefing: New Arab uprisings echo earlier revolts
In this week’s Monday Briefing, MEI experts Paul Salem, Jonathan M. Winer, Robert S. Ford, Mirette F. Mabrouk, and Charles Schmitz provide analysis on recent and upcoming events including the current uprisings in Algeria and Sudan, General Hifter’s effort to take Tripoli, the hirak protest movement in Algeria, the strategic partnership between Egypt and the U.S., and cracks in the coalition of President Hadi in Yemen.
Monday Briefing: US IRGC terrorist designation and the view from Tehran
In this week’s Monday Briefing, MEI experts Alex Vatanka, Emadeddin Badi, Yousef Munayyer, Randa Slim, and Shahrokh Fardoust provide analysis on recent and upcoming events including the IRGC’s designation as a terrorist group, the battle for control of Tripoli in Libya, the impact of Israel’s elections on the Palestinian crisis, Iraqi PM Abdul-Mahdi’s first official visit to Iran, and the spring meetings of the World Bank and IMF in DC.
Invincible no more? Turkey’s Erdogan suffers election defeat
25 years ago, Turkish Islamists’ march to power began in the country’s capital, Ankara, and its largest city, Istanbul, when the ruling Justice and Development Party’s predecessor, the Welfare Party, captured the two municipalities. The loss of these cities in Sunday’s local elections could well mark the beginning of their descent.
In this week’s Monday Briefing, MEI experts Robert S. Ford, Mirette F. Mabrouk, Nathan Stock, Marvin G. Weinbaum, and Jean-François Seznec provide analysis on recent and upcoming events including the government shakeup in Algeria, Egyptian President el-Sissi’s visit to Washington, rocket attacks from Gaza, Imran Khan’s war against poverty, and a $69 billion merger between Saudi Arabia’s oil and chemical giants.
Turkey’s municipal elections are in fact not local but a national referendum on the continued rule of President Recep Tayyip Erdogan. With his complete domination of every aspect of Turkey’s politics and media, as well as military, judicial, and educational institutions, it would be foolish to underestimate his ability to emerge a winner on March 31.
Lavrov’s Gulf trip highlights Russia’s growing regional role
Russian Foreign Minister Sergei Lavrov made a four-day trip to the Gulf in early March, stopping in Qatar, Saudi Arabia, Kuwait, and the UAE as part of a broader effort to boost Moscow’s ties with the region. Although the Gulf monarchies are traditionally considered of some of the U.S’s closest allies, relations between Russia and the Gulf have improved in recent years and there is potential for further cooperation going forward.
