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MIRS

Mediterranean Institute for Regional Studies

How Kurdistan Is Taking Advantage Of Iraq’s Oil Crisis

MIRS

11/12/2020 1:02:00 PM

Iraq is facing a desperate financial situation: obliged to pay billions of dollars in state salaries, pensions, and other disbursements whilst its ability to generate revenue to do so is severely constrained by a low oil price environment and OPEC+-mandated production quotas.

Iraq’s Future Isn’t Oil, It’s Sustainable Electricity

MIRS

10/15/2020 8:31:00 PM

As the country continues to grapple with the aftermath of the Islamic State insurgency, revolutionizing the country’s energy sector could be the key to long-term security.

A New Reality for the Eastern Mediterranean

MIRS

8/15/2020 10:54:00 AM

EXECUTIVE SUMMARY: The great geostrategic and economic problems the Eastern Mediterranean is currently facing require drastic measures and original thinking. There are success stories in the region that provide positive examples of how a new collective reality can be created through the initiative of the main actors. Deeper cooperation and synergies can prove highly constructive for the region.

Athens and Jerusalem Have a Diplomatic Opportunity

MIRS

6/14/2020 9:24:00 AM

Greece, Israel, and five other countries of the Eastern Mediterranean have established the East Med Gas Forum. Turkey is not a member and is employing its own muscular approach in the region.

Why are tensions rising between Greece and Turkey in the Mediterranean?

MIRS

12/22/2019 8:12:00 PM

Turkey and Greece have been at loggerheads over territorial boundaries for decades, but things have heated up in recent weeks with a battle for undersea natural resources threatening a geopolitical collision at Europe's southern border.

Syria’s oil, gas and water – the Immiscible Solution to the War in Syria

MIRS

10/22/2019 6:52:00 PM

In 2010, the energy sector contributed about 35% of export earnings and 20% of government revenue. The Oil & Gas Journal estimated Syria’s oil reserves at 2.5 billion barrels, as of January 1, 2015. These are located mostly in the east and northeast. Natural gas reserves are estimated at 241 billion cubic meters, located primarily in central Syria. Most of Syria’s crude oil is heavy (low gravity) and sour (high sulphur content), which requires a specific configuration of refineries to process. T

Stubborn Kurdish Petroleum Resources: Surveying Actual data and investigating the declared Numbers

MIRS

10/22/2019 5:02:00 PM

The confusion over the Kurdish petroleum sector is related to a fundamental paradox which; the more petroleum industry developed and matured, the more financial crisis deepened and the population's living situation worsened. This reverse consequence is an unusual phenomenon neither to the people in the Kurdistan Region of Iraq (KRI) nor for the observers which it mainly stems from the lack in the transparency surrounding the industry. The KRI's Ministry of Natural Resources (MNR) has frequently

The Iraq-Turkey Pipeline Dispute: Opportunity in an Arbitration

MIRS

8/26/2019 9:09:00 PM

Fatigue and frustration aside, U.S. focus and engagement in Iraq remains critical to the national- and energy-security interests of the United States and its allies. Iraq has increased its oil production by more than half since 2012, and is set to be the world’s third-largest oil producer by 2030. Its proven natural gas reserves are enough to meet, for example, Germany’s present demand for 40 years.

Why the Kurdistan region of Iraq is making a new start

MIRS

7/19/2019 7:51:00 AM

After 16 years of upheaval in Iraq and five brutal years of war with the Islamic State terrorist group, a foe that imperiled all of humanity, we are embarking on a new journey toward building a stronger Kurdistan. The next four years will be a defining time for us, our neighbors and our allies in which we, the Kurdistan Regional Government, look past our recent traumas, consolidate our place in the region and secure a presence on the international stage. In short, we want to make a new start.

Why Iraq cannot act as a bridge between Iran and the US

MIRS

7/14/2019 10:33:00 AM

The recent sharp increase in tension between Iran and the United States has prompted a flurry of reporting and commentary talking up the prospect of a military confrontation between the two powers.

What's behind US pressure on Iraq to become energy independent?

MIRS

7/14/2019 10:04:00 AM

US push for Iraq's 'energy independence' aims to isolate Iran and take advantage of oil and gas reserves, analysts say.

Natural Gas in the Eastern Mediterranean: The Regional Destabilizer and the Quest for a Security Provider

MIRS

5/25/2019 10:36:00 PM

The relatively newly-found natural gas reserves in the Cypriot Exclusive Economic Zone (EEZ), coupled with the much more significant findings in Israel and Egypt generated over-excitement and disproportionate optimism regarding the economic future of the island, the prospects for a settlement to the Cyprus problem, and even regional stability in the Eastern Mediterranean. Alas, the findings created more challenges than opportunities. This piece deals with the developing regional instability due

The Eastern Mediterranean and the EU Parliamentary Election

MIRS

5/3/2019 2:50:00 PM

The states of the Eastern Mediterranean should pay close attention to the upcoming European parliamentary election, as its outcome will influence geostrategic and economic developments in that region. Israel, Cyprus, and Greece will have a major role to play in strengthening Western relationships in the region for decades to come.

Is Trump preparing ‘Oil-price War’ after Trade War? US legislators threaten OPEC

MIRS

2/28/2019 8:23:00 AM

The US congress will soon be considering legislation that would allow the US government to prosecute any OPEC member country it believes is fixing oil prices.International oil companies have voiced their concerns and opposition to the proposal while warning about possible retaliation if it passes successfully.

Turkey to start drilling for gas off Cyprus

MIRS

2/28/2019 8:08:00 AM

The discovery of gas field in the eastern Mediterranean has led to claims from both the internationally recognized Greek Cypriot government and Ankara, backing the breakaway Turkish Cypriot administration.

Expectations behind Oil review in 2019

MIRS

1/17/2019 9:21:00 PM

The Brent crude futures curve flattened significantly in the last quarter of 2018 as oil prices slumped to $50s per barrel by end-year compared to four-year highs in early October of $86 per bbl, as US sanctions on Iran went into force. At the time of writing, the market remains in ‘contango’–where forward prices exceed spot price–on anticipation of supply glut or rising levels of inventories (crudes and products).

Khashoggi Rejiggers Middle East at a Horrible Cost

MIRS

10/31/2018 5:00:00 PM

The death of Saudi journalist Jamal Khashoggi on the premises of the Saudi consulate in Istanbul threatens to upend the fundaments of fault lines across the Middle East. The killing of Saudi journalist Jamal Khashoggi at the Saudi consulate in Istanbul threatens to severely disrupt the US-Saudi alliance that holds together many of the Middle East’s fault lines.

Why Barham Salih's appointment as president is good news for Iraq

MIRS

10/8/2018 9:20:00 PM

The new Iraqi president is a sophisticated and experienced personality who knows Iraq's complexities and shortcomings all too well

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