Via the Eurasia Review, an update on Yemen’s economic performance: Yemen’s economy posted positive indicators at the end of 2013, recording a growth rate in real Gross Domestic Product (GDP) of about 5.4%, according to a government report. The Ministry of Finance report pointed to a number of positive economic developments over the year, including […]
Read more »Via Oil Price, an interesting look at Yemen: Yemen is Arabia’s neglected corner, with Saudi Arabia garnering the lion’s share of media coverage. But the impoverished nation of 24 million people seems fated to play an ever increasing role in two areas of western interest – oil exports and terrorism. Which factor will win out […]
Read more »Via The New York Times, an interesting report on Total’s activities in Yemen. As the article notes “…Yemen is a showcase for Total, whose experience here shows how far an oil company will go these days to unearth new energy supplies. Because of the endlessly complicated interplay of geology and geopolitics, access to petroleum resources […]
Read more »An interesting WSJ article on Austrian oil-and-gas company OMV AG which, after several acquisitions in recent years, is now the biggest oil-and-gas player in Central and Eastern Europe, with sales of €19 billion ($26.16 billion) last year. Clearly, OMV is not discouraged by challenging markets or threats of sanctions: “…The company, which is drilling for […]
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