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Iraq Rushes To Jumpstart Projects Ahead Of May Election
...hlumberger has contracts to carry out work at multiple fields, and Russian state firm Zarubezhneft is poised to enter the Middle East as a leading contender at Iran’s Shadegan field. The final firm is Chinese private company Geo-Jade Petroleum which entered the upstream business in 2014 when it acquired Ka...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
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 -
Aramco Ramps Up Domestic Petchems Supply Slate, Boosts Saudi Manufacturing
...d superabsorbent polymer from the original plan (MEES, 30 May 2014). Nevertheless, Aramco and partners Dow (at the Sadara complex) and Sumitomo will offer customers a range of products unprecedented in the kingdom, enabling the manufacturing of goods for global industries including automotives, pa...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Saudi Shortlists Two In Solar Tender – But Not The Cheapest
...ant, which was inaugurated in 2014 after being built as a pilot project by state petroleum firm Bapco to supply some electricity to its Awali refinery. Iran is the largest renewables operator in the region, with 11.64GW of end-2016 capacity. However, 11.49GW (99%) of this is hydropower. Iran’s en...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Opec’s 2017 Output The Second Highest On Record; What Does 2018 Hold?
...another “full year” of cuts in accordance with November’s agreement (MEES, 1 December 2017). For sure, Opec last year secured its first annual output fall since 2014: production averaged 32.49mn b/d. However, the big caveat is that this was just 130,000 b/d shy of 2016’s record 32.62mn b/d and th...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Algeria Bans Imports In Latest Move To Curb Deficit
...15 2014 2013 REVENUE (AD BN) 6,714 +19.1 +14.1 +41...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018