ExxonMobil and Rosneft announced on August 30, 2011 that they had reached a deal to set up a joint venture (JV) to explore for hydrocarbons in East Prinovozemelskiy (EPNZ) blocks 1, 2 and 3 in Russia’s South Kara Sea. Rosneft will retain a 66.7% stake in the JV. The three blocks cover a total of… [Read more]
Iran’s economy is not entirely coruscating. The government’s subsidy reform programme, international sanctions, and rising political risk all bode ill for the Islamic Republic’s macroeconomic outlook. Nonetheless, my colleagues and I believe that there may still be pockets of growth potential. Indeed, although our 2011 real GDP growth forecast stands at a paltry 1.2%, we… [Read more]
Business Monitor International (BMI) has just published a Special Report examining the economic consequences of Japan’s March 11, 2011, earthquake. The report analyses the following topics: The economic consequences for Japan The impact of the quake on global financial markets The impact on global commodity prices The impact on Japan’s infrastructure sector The impact on… [Read more]
Ongoing efforts by Turkmenistan to cultivate stronger political and economic relationships with countries beyond the Central Asian region are supportive of my Business Monitor colleagues’ long-held view that the government would seek out a more balanced and diversified foreign policy over the long run. This has been exemplified in the past few months following a… [Read more]
On this week’s Business Monitor Podcast we are joined by Lisa Lewin, Head of Africa Analysis, to hear about her ‘on the ground’ impressions after returning from a trip to Kenya. A burgeoning middle class and growing trade integration among East African nations suggest that several sectors stand to benefit from the highly attractive economic… [Read more]
On this week’s podcast, we return our attention to emerging markets, highlighting opportunities beyond the BRICs in EMEA- Europe, Middle East and Africa. Business Monitor’s Head of Country Risk and Financial Markets Justin Patrie, discusses the outlook for Egypt, Ghana and Turkey with Mark Schaltuper, Head of Europe Analysis, Liz Martins, Head of Middle East… [Read more]
Bob Dudley is set to take over from Tony Hayward on October 1. BMI‘s Head of Oil and Gas Analysis, Holly Pattenden, talks to Gwen Ifill of PBS’ The Newshour about the leadership switch, the company’s liability in the oil disaster, and prospects for survival.
