From The National, an interesting analysis of Russia’s recent diplomatic and trade activities in the Middle East and North Africa in a bid to enhance its geopolitical clout and gain access to, and at least partial control over, the region’s oil and gas reserves. As the article notes: “…Among the former global superpower’s tactics: linking […]
Read more »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 »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 »Via The Financial Times, news that Qatar will invest about $8bn in Libyan companies in the financial services, energy and real estate sectors. As the article notes: “…Libya, with a population of 5 million and the biggest oil reserves in Africa, is moving to modernise, but faces an uphill struggle in a command economy where […]
Read more »Via Robert Amsterdam, a very insightful look into recent activities by Gazprom, Libya, and possibility of a Gas OPEC. While some analysts have been skeptical about a possible gas cartel given the regional markets aspect of natural gas (which means that prices on the spot market could never be manipulated by production quotas as they […]
Read more »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 […]
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