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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
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
Israel’s gas performance chafes against narrow export horizons
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
Oil cannot escape Mideast conflict forever
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
IOCs undeterred by Middle East conflict
Companies operating offshore assets in the region are unlikely to halt development plans for now, even as hostilities intensify
The Middle East conflict and the oil price puzzle
An escalation in the conflict could threaten global oil supplies, so why is the market not reacting?
From the Archives: Baghdad and Beirut
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC
East Med gas producers show caution and commitment
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
Outlook 2024: Uncertain outlook for East Med
The geopolitical risks of the East Med could affect regional energy integration and global markets
Lebanon Israel Eastern Mediterranean
Gerald Butt
28 October 2019
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Lebanon’s gas hopes threatened by corruption

Energy sector legislation may not prevent corruption marring any future gas discoveries, a new book says

Lebanon will take important steps in the coming months which will ultimately determine if it is to join the ranks of East Mediterranean countries with offshore gas reserves.  A consortium of Total, Italy’s Eni and Russia’s Novatek is expected to start drilling in the country’s Block 9 concession by mid-2020. And 31 January next year is the bid closing date for five more offshore blocks (1,2, 5, 8 and 10).  All looks set fair. Given Lebanon’s current economic problems—and the angry public reaction to government efforts to solve them—the discovery of gas would surely provide an enormous boost for the country’s coffers. Or would it?  Only a few pages into The Future of Petroleum in Lebanon: Ene

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