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Middle East gas can power regional prosperity
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
Iraq’s tangled Ceyhan oil web
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
Letter from Austria: OPEC delivers wake-up call
A brutally honest picture about the potential role of oil and gas in 2050 should prompt policymakers to not only reflect but also change course to meet vital energy needs
OPEC+’s extra barrels mostly made of paper
Robust demand and a limited supply of additional physical barrels from key OPEC+ producers has kept the oil market in a healthy price range
Letter from the Middle East: Iran-Israel war risks dire straits
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
IEA and OPEC energy assumptions on fragile ground
Geopolitical uncertainty casts a pall over expectations around demand, supply, investment and spare capacity
Israel-Iran war imperils Egypt’s energy supply
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
The oil risk premium fable
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Iraq seeks alternatives to Iranian gas
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU
Iraq Iran Saudi Arabia Opec
Gerald Butt
22 May 2018
Follow @PetroleumEcon
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Iraq: let the bargaining begin

As Iraq settles in for the sizzling summer heat, the political temperature looks set to stay high well into autumn and possibly winter as well

The results of the recent parliamentary elections were unequivocal in one sense, but extremely messy in another. While Shia cleric Moqtada al-Sadr's Sairoon group won the most seats—54 out of 329—he won't be able to form a government on his own. Weeks, possibly months, of political bargaining lie ahead, Before all that can begin in earnest, the post-election constitutional course has to be followed, with the choice of a speaker of parliament and then a federal president. There's no guarantee that this process will remain clear of obstacles that could delay progress. Then, assuming that Sadr tries to form a coalition, there's the question of which parties he'll seek to align with. The cleric

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