Libya and Egypt: More Investment/More Positioning
July 12th, 2008
Courtesy of Stratfor (subscription required), news that Libya recently announced a deal involving the development of an oil refinery and gasoline stations in Egypt, as well as a natural gas pipeline running from the Egyptian city of Alexandria to the coastal Libyan city of Tobruk. As the article notes: “…This energy agreement could boost Libyan […]
Read more »Libya & Egypt: Refining Relations
July 4th, 2008
Via Stratfor, news that Libyan Prime Minister al-Baghdadi Ali al-Mahmoudi said that Libya is planning to invest $10 billion in Egypt over the next two years including the development of an oil refinery in Alexandria and a natural gas pipeline that will run between Alexandria and Tobruk. The refinery would have a capacity of 250,000 […]
Read more »Calling Dear Leader: Orascom’s North Korean Mobile Licence
February 3rd, 2008
As reported in Arabian Business, Orascom Telecom – the fourth-biggest Arab mobile phone operator by market value – announced that its subsidiary, CHEO Technology (in which the North Korean government also owns 25%), won the first mobile phone licence in North Korea. Orascom stated that it plans to invest $400 million on infrastructure and licence […]
Read more »A Scramble to Exploit Africa’s Significant Gas Reserves
January 28th, 2008
As reported in a recent Financial Times article, with Europe concerned over Russia’s political motives in exploiting its energy wealth and big international companies shut out or deterred from investing in the Middle East, many eyes have turned to Africa in the hope of securing future supplies of gas. However, as companies scramble to gain […]
Read more »Challenges & Opportunities Facing Emerging Markets in the Middle East & North Africa
January 10th, 2008
In a recent article published by Knowledge@Wharton, Howard Pack (a professor of business and public policy at Wharton) and Marcus Noland (a senior fellow at the Peterson Institute for International Economics) examined how Arab countries are coping with globalization & exploiting the recent influx of hydrocarbon-based money into their economies. We found the following notes […]
Read more »Middle Eastern Markets
December 11th, 2007
Via Bloomberg, an interesting review of the equity markets in Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and Oman where – as oil revenues spur construction and increase demand – profit growth is projected to exceed other emerging markets around the word. As the article notes: “… The MSCI GCC Countries Index of […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.