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Key Middle East Producers Ease Off Drilling Going Into 2018
...ngpin Saudi Arabia has seen both drilling and production ease off going into 2018. Its latest oil rig count of 58 is at the lowest level since February 2014 and down 32% from the record figure of 85 hit in April 2015. This fall has been somewhat offset by an increase in drilling for gas, with the nu...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Oil Price Slide Exposes Flaws In Juba-Khartoum Transit Fee Deal
...ports, and Brent minus $10/B for Dar Blend, implying revenues of $75/B and $84/B for its exports of Dar and Nile Blends respectively. And while the plan did not cover 2014, trades in Dar Blend over the past year suggest a typical discount of $10/B to Brent still holds. Dar Blend is a heavy, acidic cr...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
KRG Finalizes Marketing For End-January Independent Crude Exports
...0,000 b/d for Kurdish exports in its 2014 budget. The KRG says it plans to begin exports at a rate of 300,000 b/d, rising to 400,000 b/d by end-2014. What does seem clear from all the diplomatic traffic between Erbil and Baghdad, as well as the change in tone by Iraqi officials in recent weeks, is that the fe...
Volume: 57Issue: 02Published at Fri, 10 Jan 2014 -
Algeria Set For LNG Capacity Hike
...ntract to import LNG equivalent to 4bcm/y of gas. The deal between Turkish state firm Botas and its Algerian compatriot Sonatrach was first inked in 1995 and had been due to expire in 2014. Yildiz also expressed a desire that ultimately volumes could be increased to 6bcm/y, an option for which is...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013