Almost five years after the outbreak of the Arab Spring, countries across North Africa are experiencing different phases of political change.
After having made some gains for several years starting in the mid-2000s, Egypt’s labor movement has come under severe restrictions since the reimposition of military-led authoritarianism in mid-2013.
A panel of international and regional energy experts discussed whether the Middle East and North Africa can be a major oil- and gas-producing (and consuming) region, while also committing to reducing carbon emissions.
It remains to be seen how much oil and gas Iran will bring to the markets, but the uncertainty will not stop zealous investors from chasing potential opportunities.
The ongoing slack in oil has exerted pressure and shed light on many producer countries, which struggle to attract investment and fight to secure favorable contract terms.
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.