ENERGY INTERNATIONAL RISK ASSESSMENT (EIRA)
AN INDEPENDENT MONTHLY REVIEW
VOLUME 1
ISSUE 5
May 2015
Why Yemen? A Weak Link In The Energy Market Landscape?

Do you remember the bizarre news in August about the temporary closure of the US and some other Western embassies in MENA countries due to perceived terrorist threats? The official explanation of such an unusual move was the allegedly imminent attack on Western targets in the region. The evidence of such a threat amounted simply to intercepted messages by al- Qaeda leaders. Soon afterwards, most diplomatic missions promptly resumed their duties, with the only exception of the US embassy in Yemen. Concurrently, Yemeni authorities announced that they have thwarted a terroristic plot. Terrorists had supposedly planned a sophisticated and synchronized attack.

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Ashes From Post-Strike Syria Might Stal l Levant ’s Hydrocarbon Drive

The last week of August was marked by doomand- gloom prospects for the energy flows from the MENA region due to thickening concerns over a military attack by the United States on Syria . The intentionally intensified interventionist rhetoric by politicians in Washington, Paris and London was treated as an indication of concerted efforts to prepare public opinion for a scenario when the West would once again, 10 years after the incursion into Iraq, go to war in the Middle East. What’s more, the news was interpreted by markets worldwide as a clear sign that preparations for air strikes are taking place and are probably in their final stage. Consequently, the price of oil predictably went up to $112 per barrel on 28 August from $109 on 27 August and $107 at the start of the week.

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Recent discoveries of huge hydrocarbon reserves in the East Mediterranean have come in the nick of time. Yet, simultaneously the region which was always noted for its volatility has entered a new and seemingly endless period of social and political instability due to the negative aftermath of the Arab Spring. It has a straightforward impact on the energy markets: we witness the dissolved security of supply of hydrocarbons imported from Libya, disruptions in gas flows from Egypt (that country has become a net importer of natural gas), the unsolved disputes between the Republic of Cyprus and Turkey, the vague perspectives for hydrocarbon transportation projects through Lebanon and Syria, and also for the oil and gas prospection in the offshore zones of these two countries.

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Iran To Maneuver Not Due To, But In Spite Of Toughened Sanctions

At the end of August, a senior official at the Iranian oil ministry produced more than just conciliatory sounds luring international energy majors to reconsider their stance on dealing with the sanctions-burdened yet oil-and-gas rich country. Mansour Moazami, who is responsible for international affairs, said his ministry welcomed “companies that were cooperating with us in the past” in a clear reference to a remarkable assembly of business entities like British-Dutch Shell, Norway’s Statoil, French Total, Spain’s Repsol, Russia’s Gazprom, Austria’s OMV, Japan’s Inpex, and Malaysia’s Petronas. Many of these majors abandoned their signed or envisaged contracts after the introduction of sanctions.

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Post-Morsi Egypt And The Plight Of Energy Security

Did the regime change in Egypt affect the world energy market? The answer is both “No” and “Yes”.

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Turkey Gambles On Energy Flow From Iraqi Kurdistan

Contrary to the more than apparent failure of Turkish Prime Minister Recep Tayyip Erdoğan to establish favorable working relations with all of the neighbours on the perimeter of borders, one foreign policy achievement stands tall and proud. The gradual rapprochement between Ankara and Erbil, the administrative center of Iraqi Kurdistan, or rather the Kurdistan Regional Government (KRG) can be viewed as a fait accompli, and still going strong. Earlier this year, the Turkish-British joint venture under the name Genel Enerji shipped crude oil (30.000 tons) from the Taq Taq oil field in Iraqi Kurdistan to Ceyhan port in Turkey. The company used the Kirkuk-Ceyhan pipeline under the agreement with KRG thus by-passing or rather ignoring the Kirkuk-Yumuratlik oil pipeline under the sole control of central authorities in Baghdad. The oil delivered through this route was subsequently sold on the world market.

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NEWS IN GREEK
Συνέντευξη του Υπουργού Περιβάλλοντος και Ενέργειας, Γιώργου Σταθάκη στο www.liberal.grκαι στους δημοσιογράφους, Γιώργο Φιντικάκη και Βασίλη Γεώργα
Υπό απόλυση και ο ομογενής προσωπάρχης του Λευκού Οίκου!
Aνακοίνωση της δεξαμενής σκέψης BiE/ Ελληνο-Βρετανική Πρωτοβουλία για το δικαίωμα παραμονής των Ελλήνων στη Βρετανία μετά το Brexit (brineurope.com)
Drop the Target: Theresa May accused of 'sabotaging' Government plan to explain benefits of immigration
Μίχαλος: Τι θα συμβεί στις επιχειρήσεις και την οικονομία μετά το Brexit
Δύο ώρες είχε «στην απομόνωση» ο Κοτζιάς τον Μπόρις και του ξεκαθάρισε – «Εάν θες να είμαστε φίλοι…»
O ΥΠΕΞ Ν.Κοτζιάς για τα δικαιώματα των Ελλήνων της Βρετανίας
Η προστασία των Ελλήνων από το Brexit, η γεννοκτονία των Ποντίων στη Βουλή των Λόρδων και τρεις Έλληνες συγγραφείς
Ένας Ελληνας καθηγητής υψώνει ασπίδα προστασίας στα ‘θύματα’ του Brexit
Διαμαρτυρίες ομογενών εναντίον της ελληνικής πρεσβείας Λονδίνου
Αγωνία για το μέλλον των Ευρωπαίων φοιτητών στη Βρετανία εκφράζει ο πρύτανις της Οξφόρδης
Ο "Πατέρας της ΑΟΖ" έχει κέφια και εμείς ανταποδίδουμε!
WSJ: Ο Φλιν θέλει να καταθέσει για Τραμπ – Ρωσία με αντάλλαγμα ασυλία
ΑΛΦΑ: Το ανεπίσημο όργανο προπαγάνδας της ΣΙΑ και του αμερικανικού πενταγώνου ενδιαφέρεται για την Ελλάδα;
Οι δυσκολίες στην αξιοποίηση των ενεργειακών αποθεμάτων μας
Σταθάκης: Μοντέλο στους υδρογονάνθρακες η σύμβαση για το οικόπεδο 2 – Ξεκινούν άμεσα οι επαφές με ΕΛΠΕ για το οικόπεδο 10
Χατζηδάκης: Να προχωρήσουμε σε νέους διαγωνισμούς υδρογονανθράκων για οικόπεδα στο Λιβυκό Πέλαγος
Χ. Φλουδόπουλος: Νέες έρευνες σε Κέρκυρα, Κρήτη και Κύθηρα για υδρογονάνθρακες
Ενεργειακό Συνέδριο ΕΒΕΑ, ΗΑΕΕ και ΕΔΕΥ
Μίχαλος: Η αξιοποίηση των υδρογονανθράκων αποτελεί ζήτημα εθνικής σημασίας
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