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  1. Neutral Zone Exports Jump To Highest Level Since 2020 Output Restart

    ...erated by Khafji Joint Operations (KJO) which is a 50:50 venture between Kuwait’s state owned KGOC and Saudi Arabia’s state owned AGOC. KJO halted operations in late 2014 (MEES, 24 October 2014) before restarting in February 2020. Meanwhile the onshore operations are conducted by the 50:50 Wafra Joint Op...

    Volume: 65
    Issue: 02
    Published at Fri, 14 Jan 2022

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

    ...talEnergies-operated Mabruk field has been offline since being badly damaged by Islamist militants in 2014 (MEES, 10 December 2021); North Gialo is a potential 100,000 b/d expansion project for the Waha consortium which groups Total, ConocoPhillips and Hess with NOC. Wazen’s Mr Mejerissi says “There could be...

    Volume: 65
    Issue: 02
    Published at Fri, 14 Jan 2022

  3. Oman Approves Cautious 2022 Budget

    ...s first surplus since 2008 this year. Oman has seen cumulative deficits of $69.3bn for the 13 years since its last surplus. Oman’s annual deficits were at least modest until oil prices crashed in 2014. In 2013, the last full year of high oil prices, Oman’s debt stood at 4.9% of GDP, but it has si...

    Volume: 65
    Issue: 02
    Published at Fri, 14 Jan 2022

  4. Libya’s 2021 Finances Boosted By Oil Revenues, Skewed By Dinar Devaluation

    ...r the first time since 2014, one unified Libyan government was responsible for spending and revenues. Rival parallel administrations in the east and west of the country were replaced by a Government of National Unity (GNU) in March as part of Libya’s peace process (MEES, 12 March 2021). But a bu...

    Volume: 65
    Issue: 02
    Published at Fri, 14 Jan 2022