Regional Oil and Gas production has bounced back strongly over the last quarter in line with the rapid return of Libyan volumes. We expect full pre-war Libyan output to resume by the second half of 2012. Production is likely to continue growing as high oil prices drive further exploration and production across Africa. The key… [Read more]
Libyan rebels appear to have taken control of the capital Tripoli. However, Business Monitor’s Head of Political Risk Yoel Sano cautions against premature optimism. While stability remains far from assured at the present juncture, we also speak with Saket Vemprala, Oil & Gas analyst, about the outlook for the all-important energy sector and when Libyan… [Read more]
With Libya’s rebel forces having entered Tripoli on August 21, 2011, the country’s leader, Colonel Muammar Qadhafi, has seemingly lost power after 42 years. Although the rebels appear to have exaggerated their control of the capital – as evidenced by the defiant reappearance of Qadhafi’s son Saif al-Islam on August 23, thereby contradicting rebel claims… [Read more]
Monday 27 June marked the 100th day of NATO’s air war against Libyan leader Colonel Muammar Qadhafi. By contrast, in 1999, it took 78 days of a much heavier air bombardment for NATO to force then Yugoslav president Slobodan Milosevic to withdraw his military forces from the Serbian province of Kosovo. Back then, the US… [Read more]
Turkmenistan has topped the list of the largest overseas markets for Turkish contractors, followed by Libya, Russia and Iraq, according to a recent study by the Turkish Contractors Association. Turkmenistan’s position can be explained by the cultural and ethnic ties Turkey shares with Central Asian states. These were strengthened in the early 1990s, when Turkey… [Read more]
Over the past month or two, the world has been roiled by two crises: the political upheaval sweeping across the Middle East and North Africa (MENA), and the Japanese earthquake. Both provide opportunities for Russia to increase its global importance. The political upheaval in MENA has led to a US$20 increase in oil prices to… [Read more]
As the Middle East and North Africa (MENA) experiences its biggest shake-up in at least a generation, Business Monitor International (BMI) has just published a special report, MENA Crisis: The Key Risk To Global Recovery And Stability. The report analyses the following topics: The long-term consequences of upheaval for the Middle East and North Africa… [Read more]
