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1. Baghdad-KRG Negotiations: Closer Than Ever to a Fair Deal

Author:
Michael Knights
Publication Date:
02-2014
Content Type:
Working Paper
Institution:
The Washington Institute for Near East Policy
Abstract:
Baghdad's promising offer on oil exports and revenues could provide vital breathing room to build a permanent revenue-sharing law, and Washington should encourage the Iraqi Kurds to sign on. On February 16, the Iraqi central government and the Kurdistan Regional Government (KRG) will hold another round of negotiations on oil exports and revenue sharing, the fifth such meeting since December 25. With passage of Iraq's 2014 budget delayed by the talks, all parties have a strong interest in striking a deal. Fortunately, such an agreement now stands a better chance of sticking than ever before.
Topic:
Economics, Treaties and Agreements, and Ethnic Government
Political Geography:
Iraq and Arabia

2. Jordan's Energy Balancing Act

Author:
Simon Henderson and David Schenker
Publication Date:
03-2014
Content Type:
Working Paper
Institution:
The Washington Institute for Near East Policy
Abstract:
A deal to buy Israeli natural gas can help mitigate the kingdom's energy shortage and steer Amman away from problematic nuclear plans, but it risks stirring domestic opposition. In February, two private Jordanian firms signed a contract with a private U.S.-Israeli consortium to import natural gas from Israel's giant Tamar field, located under the bed of the Mediterranean Sea fifty miles offshore from Haifa. The Arab Potash Company and the Jordan Bromine Company -- both partially owned by the Jordanian government -- will pay Houston-based Noble Energy and its partners $500 million over the course of fifteen years to supply a power plant at Jordanian industrial facilities by the Dead Sea. At just $33 million per year, the deal is not financially significant, but it may set a huge precedent in terms of fostering regional economic cooperation and establishing a framework for Jordanian energy security. The political challenges are significant, however, particularly following the March 10 shooting of a Jordanian man at an Israeli-controlled West Bank crossing point.
Topic:
Economics, Treaties and Agreements, Bilateral Relations, and Natural Resources
Political Geography:
United States, Middle East, and Arabia