1. ‘The Opportunities Are Massive’: The Risks & Rewards Of Operating In Libya

    ...mbined production capacity of about 250,000 b/d (see map). A decade of near-continuous instability following the ouster of Gaddafi in 2011 has not done the country’s all-important oil sector any favors. The resulting fighting, mismanagement and forced shutdowns have left infrastructure in ta...

    Volume: 65
    Issue: 02
    Published at Fri, 14 Jan 2022
  2. Power Plant Sabotage Threatens Libyan Oil Gains

    ...grained since the unseating of former leader Mu’ammar al-Qadhafi in 2011. The Libyan coastguard will seize any vessels transporting fuel without authorisation and the GNA will issue arrest warrants for smugglers via Interpol, it said. In a speech on 3 January, Mr Sanalla laid the blame for smuggling wi...

    Volume: 60
    Issue: 02
    Published at Fri, 13 Jan 2017
  3. MEES Analysis: Bid Round Offers Century Old Acreage

    ...illing two dry wells in 2011. Ganope’s previous bid round offered 20 exploration blocks – 11 of which were in the Western Desert – in December 2012. But, amid the then prevailing uncertain investment climate and bureaucratic delays, definitive exploration agreements have only been signed for two, bo...

    Volume: 58
    Issue: 02
    Published at Fri, 09 Jan 2015
  4. Egypt Eases Forex Rules

    ...fect. It supersedes other circulars issued since the 2011 revolution which restricted transfers abroad to a maximum of $100,000 once in a life time only, on account of “the situation in the country.” The new circular will no doubt help Egyptians in acquiring their foreign exchange needs. But the av...

    Volume: 57
    Issue: 02
    Published at Fri, 10 Jan 2014
  5. Iran Oil Ministry Refutes Export Plunge

    ...l, oil products and condensate.   According to Mr Kateb, for the next Iranian year (21 March 2013-20 March 2014) the Oil Ministry has reportedly forecast exports of approximately 1.5mn b/d, significantly lower than 2011’s 2.2mn b/d. The International Energy Agency (IEA) in its latest monthly oi...

    Volume: 56
    Issue: 02
    Published at Fri, 11 Jan 2013
  6. Kuwait Oil Minister Pushes Refinery Expansion Despite Political Attacks

    ...rliament cancelled it.”   The parliamentary questions suggest that the new parliament may continue the investigations started by previous parliaments into Shell’s $800mn consultancy deal with state-owned upstream firm KOC to help develop northern Jurassic gas fields (MEES, 8 August 2011), and the ca...

    Volume: 56
    Issue: 02
    Published at Fri, 11 Jan 2013