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Work To Begin On Zohr As Egypt Looks To Bring Giant Field Online Next Year
...Egypt will continue to require aid from its Gulf neighbors in 2016 but this year should see the foundations laid for a brighter 2017 following last August’s discovery of the 23 tcf Zohr field by Italian firm Eni. Eni says that it plans to imminently begin drilling at Zohr after last week re...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Oman Budget Reforms May Ease Pressure On Gas-Fired Power Plans
...rther last year. BP’s 1bn cfd capacity Khazzan tight gas project, due online in 2017, is Oman’s only hope for a major domestic gas boost in the medium term. Any cuts in gas subsidies could only ease the pressure. OPWP has already begun talks with the Ministry of Oil and Gas (MOG) about the potential fo...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Opec Signs Off 2015 With Record Output
...venue in 2015 would be down a hefty $47.4bn from 2014 (a drop of 43.9%), the UAE remains committed to increasing production capacity from around 3.2mn b/d to 3.5mn b/d in 2017. While this won’t necessitate additional production, it makes a reduction less likely. Iran also looks set to go head to he...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Will 2016 See The ‘Cyprus Problem’ Become The ‘Cyprus Solution’?
...e Cyprus problem negotiations.” He says a new bid round will not be contemplated before the end of 2016 or possibly 2017, once what happens with talks on the Cyprus problem become clearer....
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Ninth-Time Lucky For Cyprus Gas Import Tender?
...illion BTU by 2025. According to the terms of the tender, first gas is to be delivered between 1 January 2016 and 30 June 2017, but that is looking increasingly unlikely and will most likely be revised if an agreement is reached with any of the bidders (MEES, 18 April 2014). ...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Oman Slashes Subsidies In 2016 Budget, Announces Economic Reforms
.../B for 2017-18 and $60/B for 2019-20, and average oil output flat at around 990,000 b/d. Though output hit 1mn b/d for the first time ever in July it has since dipped (MEES, 11 December 2015), whilst higher domestic consumption has cut into gas exports (see p9). Challenges identified in the plan in...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016