Middle East Economic Survey

Last updated
MEES
Company type Private (Ltd)
IndustryPublishing, energy news, Middle East analysis
FoundedBeirut, Lebanon (1957)
Headquarters Nicosia, Cyprus
Website www.mees.com

MEES (Middle East Economic Survey) is a weekly newsletter published by Middle East Petroleum and Economic Publications (Cyprus) Ltd.

Founded in Beirut Lebanon in 1957 by Fuad W. Itayim, Middle East Economic Survey provides comprehensive source of news and analysis of energy, financial, economic and political developments in the Middle East and North Africa (MENA) countries. Since its establishment in November 1957, it has been recognized as the world’s foremost authority on oil and gas in the region.

Middle East Economic Survey is a newsletter:

Middle East Economic Survey is published each week with five clearly labeled sections:

  1. Top Stories: Major forward-looking features shedding new light on Middle East energy developments, and the financial and political implications associated with them. Each week, one of the Top Stories is a Middle East Economic Survey Agenda item, highlighting a topic that our editors see as a key subject for discussion in the days ahead for those with an interest in the Middle East energy/finance world.
  1. Energy Fundamentals: The vital facts & figures of the week’s Middle East energy developments grouped together in an easily accessible single section. Energy Fundamentals provides comprehensive coverage of oil prices, market trends, and supply and demand developments. It also charts countries’ budget oil price assumptions, and key ratings changes.
  1. News By Country: Specialized news by country embodies all the key news developments of the week, from Algeria to the Gulf. Laid out in alphabetical order by country – with a Regional category as well – this section provides a comprehensive round-up of events that will be compulsory reading for anyone attempting to follow the fast-moving Middle East energy scene. As well as news of upstream/midstream/downstream oil and gas changes, and petrochemical and power/desalination projects, Middle East Economic Survey also specializes in coverage of energy finance and analysis of the budgets of the oil/gas producing countries of the Middle East. Furthermore, Middle East Economic Survey follows closely government policies affecting energy and finance, and key energy sector appointments. Middle East Economic Survey is also one of the leading sources of information on upcoming conferences associated with the Middle East.
  1. Political Comment: A weekly commentary on developments by Middle East Economic Survey Political Editor Charles Snow, with occasional contributions from other analysts.
  1. OP ED/Documents: A much-sought-after platform for outside contributors. Middle East Economic Survey publishes a wide range of longer articles on subjects from some of the world’s leading Middle East experts – government officials, energy industry executives, leading academics and other eminent analysts. The Op Ed pages have proved to our readers to be as stimulating as they are interesting, provoking further debate inside and outside Middle East Economic Survey.

Middle East Economic Survey is delivered electronically or by airmail. It provides a platform for international experts to share their views with the newsletter’s high-profile readership. Also available to subscribers is access to Middle East Economic Survey on-line Archives. Middle East Economic Survey archives comprise the complete issues from Volume 28 (October 1985) to date.

Related Research Articles

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The economy of Mauritania is still largely based on agriculture and livestock, even though most of the nomads and many subsistence farmers were forced into the cities by recurring droughts in the 1970s and 1980s.

<span class="mw-page-title-main">Economy of Qatar</span>

The Economy of Qatar is one of the highest in the world based on GDP per capita, ranking generally among the top ten richest countries on world rankings for 2015 and 2016 data compiled by the World Bank, the United Nations, and the International Monetary Fund (IMF). The country's economy has grown despite sanctions by its neighbors, Saudi Arabia and the United Arab Emirates. Mainly because the country exports primarily to Japan, South Korea, India and China, making the sanctions effectively redundant as neither Saudi Arabia nor the United Arab Emirates have imposed trading penalties such as tariffs or embargoes on any of these countries for trading with Qatar, or offering incentives such as discounts for their own energy exports to reduce Qatari exports.

Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced. Energy services can be defined as functions that generate and provide energy to the “desired end services or states”. The efficiency of energy services is dependent on the engineered technology used to produce and supply energy. The goal is to minimise energy input required to produce the energy service, such as lighting (lumens), heating (temperature) and fuel. The main sectors considered in energy economics are transportation and building, although it is relevant to a broad scale of human activities, including households and businesses at a microeconomic level and resource management and environmental impacts at a macroeconomic level.

An energy crisis or energy shortage is any significant bottleneck in the supply of energy resources to an economy. In literature, it often refers to one of the energy sources used at a certain time and place, in particular, those that supply national electricity grids or those used as fuel in industrial development. Population growth has led to a surge in the global demand for energy in recent years. In the 2000s, this new demand – together with Middle East tension, the falling value of the US dollar, dwindling oil reserves, concerns over peak oil, and oil price speculation – triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 per barrel ($926/m3) in 2008.

<span class="mw-page-title-main">International Energy Agency</span> Autonomous intergovernmental organisation

The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the global energy sector. The 31 member countries and 13 association countries of the IEA represent 75% of global energy demand.

A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a Just Transition to an economy that is low-carbon, resource efficient, and socially inclusive."

<span class="mw-page-title-main">Organization of Arab Petroleum Exporting Countries</span> Kuwait-based energy policy coordinating organization

The Organization of Arab Petroleum Exporting Countries is a multi-governmental organization headquartered in Kuwait which coordinates energy policies among oil-producing Arab states. OAPEC's primary objective is safeguarding the cooperation of numerous members in various aspects of economic activity within the oil industry as well as maintaining strong relations among themselves; to provide legitimate means to preserve the members' individual and collective efforts within the industry; unite on-going efforts for the procurement of oil; provide access to consumer markets on fair and reasonable terms; and provide conditions, adequate capital, and experience of investors in the oil industry.

<span class="mw-page-title-main">Resources for the Future</span> U.S. non-profit organization

Resources for the Future (RFF) is an American nonprofit organization, founded in 1952, that conducts independent research into environmental, energy, and natural resource issues, primarily via economics and other social sciences. Headquartered in Washington, D.C., RFF performs research around the world.

<span class="mw-page-title-main">Energy independence</span> Independence or autarky regarding energy resources, energy supply and/or energy generation

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<span class="mw-page-title-main">Japan Crude Cocktail</span> Informal nickname given to the pricing index of Crude Oil

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<span class="mw-page-title-main">Economic Research Institute for ASEAN and East Asia</span>

The Economic Research Institute for ASEAN and East Asia or ERIA is an international organization established in Jakarta, Indonesia in 2008 by a formal agreement among Leaders of 16 countries in the East Asian region to conduct research activities and make policy recommendations for further economic integration in the East Asia. ERIA works very closely with both the ASEAN Secretariat and 16 Research Institutes to undertake and disseminate policy research under the three pillars, namely “Deepening Economic Integration”, ”Narrowing Development Gaps”, and “Sustainable Development” and provide analytical policy recommendations to Leaders and Ministers at their regional meetings. ERIA provides intellectual contributions to East Asian Community building and serves as a Sherpa international organization. ERIA Ranks 9th among the world's "Top International Economics Think Tanks" according to the 2020 Global Go To Think Tanks Index Report conducted by the University of Pennsylvania.

<span class="mw-page-title-main">Energy in Saudi Arabia</span>

EnergyinSaudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue. The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. Saudi Arabia has per capita GDP of $20,700. The economy is still very dependent on oil despite diversification, in particular in the petrochemical sector.

<span class="mw-page-title-main">Ricardo Raineri</span>

Ricardo Jorge Raineri Bernain is an economist, academic, researcher, consultant, and politician. On February 9, 2010, Chile's then President Sebastián Piñera nominated him to the Ministry of Energy.

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Energy in the Middle East describes energy and electricity production, consumption and import in the Middle East. Energy policy of the Middle East will describe the politics of the Middle East related to energy more in detail.

Energy use and development in Africa varies widely across the continent, with some African countries exporting energy to neighbors or the global market, while others lack even basic infrastructures or systems to acquire energy. The World Bank has declared 32 of the 48 nations on the continent to be in an energy crisis. Energy development has not kept pace with rising demand in developing regions, placing a large strain on the continent's existing resources over the first decade of the new century. From 2001 to 2005, GDP for over half of the countries in Sub Saharan Africa rose by over 4.5% annually, while generation capacity grew at a rate of 1.2%.

The King Abdullah Petroleum Studies and Research Center (KAPSARC) is an advisory think tank specializing in energy economics, climate, and sustainability that seeks to advance Saudi Arabia’s energy sector and inform global policies through evidence-based advice and applied research. It is located in Riyadh, Saudi Arabia.

<span class="mw-page-title-main">Russell Gold</span>

Russell Gold is an author and journalist for Texas Monthly. He was previously an investigative reporter for The Wall Street Journal and the San Antonio Express-News and suburban correspondent for The Philadelphia Inquirer.

Laury Haytayan is a Lebanese oil and gas expert in the Middle East and North Africa. Since 2011, she has been leading the parliamentary capacity development portfolio at the Natural Resource Governance Institute (NRGI) in the MENA region, focusing on the legislative and oversight roles of Arab parliamentarians in advancing reforms in the Middle East Oil and Gas sector.

Iraq's large oil reserves have attracted attention from the United Kingdom, a country with a high demand for oil. British involvement in the Iraqi oil industry dates to World War I. Political influence in the region has given the UK the power to establish a number of oil companies in Iraq.