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Iran, Iraq, and Syria have signed a deal for the construction of the Middle East’s largest gas pipeline, which would carry gas from Iran’s South Pars gas field to Europe via Iraq, Syria, and Lebanon and beneath the Mediterranean Sea. Construction should take 3–5 years once funding is secured, Ouji said.
might be wary of installing a westerner when Carlos Ghosns time as boss ended with him under arrest, then escaping and now on the run in Lebanon. Originally, Nissan and Honda were motivated to join forces over the ability to pool resources and share the huge cost of developing its next-generation EVs.
million-bbl/d Tapline to Lebanon. Use of the alternate routes would increase the cost of transportation. Other alternate routes could include the deactivated 1.65-million million bbl/d Iraqi Pipeline across Saudi Arabia (IPSA), and the deactivated 0.5
Instead, Honda wants all three to pool resources and share the huge cost of developing its next-generation EVs and plug-in hybrids. Sharing costs would drive up profit, enabling it to compete on a level-footing with the likes of both Tesla and the looming threat of Chinese car-makers such as BYD. Nissan Ariya EV.
Each producer, therefore, is incentivized to undercut other producers directly (price per barrel) or indirectly (absorbing shipping cost or delivery risk) to win sales in Asia (or displace incumbent suppliers in other major markets). National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy.
In Mira Daher s home country of Lebanon, the national grid provides power for only a few hours a day. The countrys state-owned energy provider, Electricity of Lebanon (EDL), has long struggled to meet demand, and a crippling economic crisis that began in 2019 has worsened the situation. Daher led the U.N.-funded
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