Economics & Finance

Shell last week quit Iraq’s Majnoon field, a week after Lukoil revised down its output target. Without meaningful contractual amendments more firms could quit.

Dewa has massively expanded a planned CSP project securing a lower per-kWh price. But its current tariffs will barely cover the cost of the plant’s electricity.

The EBRD development bank has secured $65mn of financing for a 51MW solar PV power plant in Jordan, to be...

Chinese state firm Citic will back projects across Iranian industry with 10-12 year loans in Euros or Yuan. Post-sanctions energy deals so far require Chinese investment of $6bn, with a railroad project requiring $1.5bn.

Bahrain has raised $3bn in a three-tranche international bond issue which was met with strong market appetite with order books...

State-owned Oman Oil Company’s upstream arm OOCEP this week finalized a $1bn loan facility to be used to repay a...

Algeria is responding to Opec limits on oil production by seeking to maximize gas output at the expense of crude.

Algeria has taken a further turn towards isolationism with the newly-appointed PM and other senior figures signaling a total aversion to external fundraising. So far so conservative. But the central bank’s ‘unconventional’ plans look much more risky.

Iraq’s 2017 budget has been amended as a result of a 21 August ruling by the country’s Supreme Federal Court....