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Libya Achieves 15-Year High Oil Output In 2025
...25, a 19.4% increase year-on-year and the highest annual figure since the country’s 2011 revolution (see chart). “This clearly indicates the impressive success of NOC’s strategy to increase crude production,” the state firm said in a statement on 1 January. RECORD HIGHS The ou...
Volume: 69Issue: 01Published at Fri, 02 Jan 2026 -
Libya Ends 2024 With 1.4mn b/d Crude Milestone As Bid Round Remains Stalled
...INSTABILITY The instability that has plagued Libya’s vital oil and gas sector since the 2011 revolution that ousted longtime ruler Muammar Gaddafi has made IOCs wary of committing to serious investments in the country (MEES, 19 January 2024). Ambitious plans to boost crude ou...
Volume: 68Issue: 01Published at Fri, 03 Jan 2025 -
Exxon’s Star Shines Brightest Among Egypt’s Slew Of Mediterranean Awards
...tch major Shell’s former giant North East Mediterranean Deepwater (Nemed) block. Shell acquired Nemed in 1999 before relinquishing it in 2011, but not before it drilled a total of ten wells across the acreage. Though just one of these wells, 2001’s Leil-1 which discovered “non-commercial” qu...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Egypt Gas Output Rebounds As Oil Slumps To Record Low
...diterranean gas output to within 200mn cfd of the monthly record 4.57mn cfd at the 2011 height of output from Shell’s West Delta Deep Marine. WDDM is in long-term decline. The latest gains have come predominantly from Eni’s giant 21.5tcf Zohr field where capacity hit 3.2bn cfd in April, but for the bulk of 20...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Egypt LNG Exports Boosted By Bumper Winter Buying
...nter season, well up from 22 for the year-ago period and the highest comparable figure since 37 for the 2011-12 winter peak. But that peak was achieved when the country’s other LNG export terminal, the 5mn t/y Segas facility at Damietta was still operational. Damietta has remained shut since No...
Volume: 64Issue: 01Published at Fri, 08 Jan 2021 -
Libya: Output At Seven-Year High; Can It Last?
...solved two long-running contractual disputes with industry heavyweights Total and Wintershall Dea. Both firms committed to fresh exploration and development projects (MEES, 13 December 2019), something of a rarity for Libya since 2011. Success for Libya will depend on how much of a return IOCs and co...
Volume: 63Issue: 01Published at Fri, 03 Jan 2020 -
East Med Gas Developments Gather Pace In 2019
...arby prospect will be drilled back-to-back. Despite hopes surrounding ongoing drilling, Cyprus’ key existing discovery, 2011’s 4.2tcf Aphrodite, has yet to move to development. 2019 could finally be the year, however, with the field’s partners, US firm Noble Energy, Shell and Israel’s Delek, in on...
Volume: 62Issue: 01Published at Fri, 04 Jan 2019 -
Iraq: Record Exports, But Contract Reform Hangs In The Balance
...e firm has Iraqi experience as a partner at the Ahdab field (CNPC 37.5% operator, Zhenhua 37.5%, North Oil Company 25%) in Wasit province. Output began in 2011 and is currently around 140,000 b/d. Zhenhua also has 35% in Syria’s Gbeibe gas field on the frontline between the Islamic State and Ku...
Volume: 61Issue: 01Published at Fri, 05 Jan 2018 -
East Med: Leviathan FID Stalls As ExxonMobil Looks To Cyprus Offshore
...hr, but failed in its attempts to re-obtain the block last year before the bid round was announced and yet again in the bid round itself. So far Cyprus’ only offshore gas find, the 5 tcf Aphrodite, discovered by Noble in late 2011 remains undeveloped. There has been no further progress on Ap...
Volume: 60Issue: 01Published at Fri, 06 Jan 2017 -
Subsidies Should Go As Oil Price Falls: IEA Chief Tells Arab Ministers
...ailable for exports, which fell to 6.66mn b/d earlier this year - their lowest since March 2011. Iraq too is burning record amounts of crude oil that it cannot export, while also flaring more than 2bn cfd of natural gas. LIBYA, SAUDI HAVE CHEAPEST GASOLINE The Organization of Arab Petroleum Ex...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Iraq Achieves 2013 Oil Output Target But Exports Still Constrained
...ystone of a report by Reuters that the first cargo of Shaikan heavy oil has been shipped through Turkey by Turkish marketer Powertrans, a private company established in 2011, just before the start of independent Kurdish exports through the Mediterranean port of Mersin. Reuters quoted trading sources as sa...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Iraq Faces Uncertain Future Amidst Sectarian Conflict
...e Anbar Salvation Council, which won eight of Anbar’s 29 parliamentary seats in the 2010 election and Tariq al-Hashimi, former General Secretary of the Iraqi Islamic Party (a Muslim Brotherhood affiliate). He was Iraq’s vice president between 2011 and 2013 but fled to Turkey in December 2011 to av...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Libya: Benghazi Bargain Could Pay Off
...e reign of Qadhafi in 2011, is now producing 38,000 b/d at the Mesla field. Of this, 20,000 b/d is piped to the Tobruk refinery, and a further 10,000 b/d end up in the Sarir refinery, according to Mr Harari. Mesla pre-war capacity was 100,000 b/d, although power shortages have meant that post-re...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Iran: Winter Months To Bring Some Relief To Sunken Crude Export Figures
...neva deal, he argues. “There is going to be higher demand from the Asian market for Iranian crude as we approach winter,” the peak demand season, he says. Exports of Iranian crude averaged around 1.1mn b/d for the first 11 months of 2013, according to MEES estimates, around 55% down on the 2011 av...
Volume: 57Issue: 01Published at Fri, 03 Jan 2014 -
Sudan Hikes Capacity Despite Continuing Oil Deadlock
...dan’s Vice President ‘Ali ‘Uthman Taha inaugurated another new field – the al-Najma field in South Kordofan state – which in 2011 was projected to produce around 12,000 b/d. Production from the field is expected to begin later this month. This field is located in the adjacent Block 17 license, operated by...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Libyan Sit-Ins Continue To Hit Output
...arter this year with the company currently waiting for the rig to arrive. The company’s previous well, completed just before the start of hostilities in February 2011 struck significant quantities of oil (MEES, 5 March 2012). ...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Dana Gas In Egypt Discovery; INA And Apache Expand
...lays of nine months or more during 2011,” company President Rodney Eichler adds. Other Egyptian oil industry figures sounded by MEES, including many who are otherwise highly critical of President Muhammad Mursi, also speak highly of Mr Kamal. Both Mr Eichler and Mr Farris, who is also he...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Lebanon Unveils Bid Round Schedule
...rtnerships before submitting prequalification bids to the PSA. Lebanese authorities initially indicated that the highly-anticipated first licensing round would be held in October 2011 (MEES, 29 November 2010), though political deadlock and a protracted debate regarding the sectarian makeup of th...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Iran And Turkmenistan Sign Gas Barter Agreement
...pansion of Turkmen gas exports to Iran. Under the agreement, Turkmenistan will increase its exports to 40mn cmd, from 27-30mn (9.85-10.95 bcm/y) cmd in 2011. According to Ashgabat-based traders Turkmenistan increased its exports to Iran by 10-15% in 2012. Iran uses Turkmen imports to meet de...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013