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1 – 10 of 24The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…
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DOI: 10.1108/OXAN-DB285954
ISSN: 2633-304X
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Saudi Arabia has made significant progress since 2021 in developing its renewable energy sector. However, it contributes less than 5% to total electricity output. By end-2023…
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DOI: 10.1108/OXAN-DB282767
ISSN: 2633-304X
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Earlier, on January 7, NOC was forced to declare force majeure at Sharara oil field, the country’s largest, after protests shut it down. Oil and gas usually account for more than…
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DOI: 10.1108/OXAN-DB284522
ISSN: 2633-304X
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Development plans define what constitutes mainstream social and economic policy in Ankara. This plan lays out the intentions of President Recep Tayyip Erdogan’s Justice and…
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DOI: 10.1108/OXAN-DB284127
ISSN: 2633-304X
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Local investors have used Turkey’s stock market as a hedge against the country’s runaway inflation and government attempts to 'lira-ise' the economy. The market's strong…
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DOI: 10.1108/OXAN-DB275691
ISSN: 2633-304X
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Many welcomed the decision, believing it reflected the authorities’ acknowledgement of social realities. The decision also builds on other changes to state-society relations, such…
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DOI: 10.1108/OXAN-DB279486
ISSN: 2633-304X
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The NOC-ENI agreement follows on from an earlier memorandum of understanding (MoU) which Turkey signed with the Tripoli-based Government of National Unity (GNU) in October. This…
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DOI: 10.1108/OXAN-DB276287
ISSN: 2633-304X
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The EU on March 10 set a deadline of 2027 to “achieve independence” from Russian gas. Iran, which has the world’s second-largest gas reserves, has the potential to become a major…
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DOI: 10.1108/OXAN-DB268371
ISSN: 2633-304X
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The Eleventh Development Plan for 2019-23.