The decline in crude oil prices heralds a new era.
“Sisi’s Egypt” might last as long as “Pinochet’s Chile” or “Salazar’s Portugal.” But that will not be because it is well designed—or even designed at all.
Lower oil prices can be an opportunity for oil companies, as it shifts the bargaining power in their favor at the negotiating table with host governments.
Doubts have been raised and criticisms continue to be made about Lebanon’s choice of upstream petroleum fiscal terms and strategies to award oil and gas licenses.
Both the Iran and Greece deals were tough to hammer out, but the real test will be making them work.
The Assad regime has established itself as the irreplaceable provider of essential services in Syria. Solving the Syrian crisis requires breaking this grip.
The oil price is back to ‘normal.’ But for the major Middle East and North Africa region oil exporters, it is not going to be business as usual.
The oil price is the most obvious trigger of change in the relationship between host governments and investors.
Food security has been eroded in Syria over the last few years, with production of main crops falling by varying degrees mainly due to the impact of the conflict on fertilizers, the disruption of trade routes, and the reduction of subsidies on fuel.
The politics of economic reform in Turkey can be facilitated by a coalition government.