- Sort by:
- Score
- Published ▼
-
Cronos To Bolster Egypt’s Gas Hub Ambitions
...oducing field, with Eni seemingly overtaking the Chevron operated (35%) 3.5tcf Aphrodite field. Aphrodite was discovered in 2011, but first gas isn’t expected until 2031, twenty years later (MEES, 8 August 2025). While a finalized development plan for Cronos has yet to be agreed with Nicosia, MEES un...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Eni/Kogas Quit Cyprus Blocks As Development Plans Awaited
...tension to the standstill, MEES understands. Aphrodite was Cyprus’ first gas find in December 2011. But amid protracted wrangles over contractual terms (MEES, 30 August 2024), it may be overtaken by Cronos as the first Cyprus field to reach production. CYPRUS KEY BLOCKS & GAS DISCOVERIES...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
New Syria Seeks ‘Jordanian Gas’ To Alleviate Power Shortages
...s flows via the AGP in 2011 – was in a condition to accept renewed flows. POWERSHIPS: NETWORK HURDLES Ç Should the ‘Jordanian gas’ option fail to materialize, Mr Shaqrouq says an alternative is to hire one or more floating power plants, potentially operated by Turkish fi...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
Cyprus’ Gas Ambitions: Could Cronos Overtake Aphrodite?
...Cyprus’ 2011 Aphrodite gas discovery risks being overtaken by Eni’s 2022 Cronos find in the development stakes. Nicosia faces key 2024 gas decisions. CYPRUS’ 2024 UPSTREAM MILESTONES *Mid-January: Cronos drilling completes *End-March: Deadline for Chevron to su...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024 -
Libya Gas Exports Lowest Since 2011
...Libya’s gas exports to Italy fell to 430mn cfd in 2020, down 22% on the year. This is the country’s lowest gas export figure since the 2011 revolution when production shutdowns caused exports to plummet to just 215mn cfd. Libya is connected to Italy through the 775mn cfd Greenstream pi...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Tunisia Set For Crude Output Boost
...s been a key characteristic of Tunisian democracy since the 2011 revolution. Several IOCs have quit the country amid social unrest, a rapid turnover of governments and a difficult business environment (MEES, 14 December 2020). And those that remain can’t be too enthusiastic about the immediate fu...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Syria Oil & Gas: No Progress
...r in 2011). This shows little-if-any progress from a year ago (MEES, 17 January 2020) despite plans to grow production from retaken oil fields to 100,000 b/d. Gas output appears to have actually fallen, with current production at 450mn cfd against around 580mn cfd a year ago. Recent attacks on ga...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021 -
Oman At The Crossroads As New Sultan Takes The Reins
...at increasingly threaten the country’s outlook. Problems started during the 2011 ‘Arab Spring’ when protests rocked Oman, resulting in two deaths amid a security clampdown (MEES, 7 March 2011). Muscat responded by ratcheting up government spending 26% to OR13.48bn ($35.2bn) in 2012, with spending gr...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Korea LNG Imports: Australia Threatens Qatar For Top Spot
...6mn t as a result. In Q4 2019 Australia with 2.12mn tons only just failed to pip Qatar (2.22mn tons) for top spot. Australia supplied a record 1.26mn tons (17 cargoes) in December, two more than Qatar. The last time a country other than Qatar was top on a quarterly basis was Indonesia back in 2011; on an...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Tunisia’s Pending Economic Transformation
...t, Tunisia will head to the polls once again with no guarantee of a decisive result. Many Tunisians have lost hope in the current political system. The 2011 Jasmine Revolution successfully brought about a measure of democracy, but has so far failed to deliver economic prosperity. In fact, plenty of...
Volume: 63Issue: 03Published at Fri, 17 Jan 2020 -
Eni Completes Middle East Tour De Force
...sin modeling and seismic sequence studies. An exploratory well will be drilled in 2011.” Clearly there is potential in Block 1, but it was insufficient for Oxy. Will Eni fare any better? BAHRAIN OIL & GAS BLOCKS SHARJAH 2018 BID ROUND OMAN ON THE RISE Oman ar...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Suez Canal Boosted By Oil Trade Records
...re substantial than those in the opposite direction. But, as the surge in exports of crude, NGLs and oil products from the US (MEES, 5 January) boosts Atlantic Basin supplies, the gap is closing. • Northbound shipments accounted for 65% of gross Suez Canal oil transit volumes as recently as 2011...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Libya Refinery ‘Resolution’ Fails To Hide Need For Multi-$bn Investment
...bear equally the cost of arbitration in the absence of a “clear prevailing party.” The tribunal dismissed a $4.4bn claim by NOC against Lerco for an alleged refusal to take-or-pay crude deliveries and another claim for payment for oil allegedly delivered to the refinery during the 2011 uprising, Le...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
‘The New Tunisia’: A Work In Progress
...uzid on 17 December 2010. Snowballing protests ultimately ended the 23-year rule of strongman ruler Zine El Abidine Ben Ali on 14 January 2011. Seven years on, Tunisia is one of the ‘freest’ countries in the Arab world. But you can’t eat freedom. Lack of progress on the key socio-economic factors th...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Tunisia’s Loss, Algeria’s Gain
...% of its gas demand, up from 40% as recently as 2011. ‘Import reliance’ hit a record 73% in August. Tunisia’s spending on oil imports is not surprisingly up by even more than spending on gas: not only has output collapsed but international oil prices are around 20% higher year-on-year. The co...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
The Plan: Boost SMEs; The Reality: Boost The State Payroll
...ound 50% of government spending, the figure is only topped by the Palestinian Authority in the Mena region (a region which in turn spends way above the global average). Since 2011, collective bargaining by public sector unions “has led to several exceptional pay increases to respond to social te...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Has Egypt’s Economy Turned The Corner? Time Will Tell
...sition but with very few good news stories coming out of North Africa of late, the recent positivity is a welcome change for Cairo which has had to endure many difficulties since 2011’s Arab Spring. SUEZ CANAL 2017 TRAFFIC (MN TONS): CARGO INCREASES BUT REVENUE STILL BELOW 2014 LEVELS *EX...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Suez Canal Handles Record Gulf Crude, Diesel But Revenues Down In 2016
...ddle East saw record crude output and exports in 2016. The region’s six Opec members produced a collective record 24.6mn b/d (MEES, 6 January). Iraq’s southern exports hit a record 3.29mn b/d up 400,000 b/d on 2015; Iran’s exports of 1.96mn b/d (to November) were the highest since 2011 and almost 80...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Egypt Launches Eurobond Roadshow As It Looks To Drum Up $35bn Over Three Years
...ve severely struggled since the 2011 revolution and despite the more than halving of oil prices since mid-2014, the firm has still been unable to balance its books. Receivables peaked at over $6bn in 2014. “EGPC revenues from sale of fuel products continue to fall short of its costs resulting in th...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Algeria Deficit Tops $17bn; Is Reserve Fund Finished?
...om 2011 to mid-2014 the fund pocketed large surpluses from Algeria’s understatement of oil revenues. The IMF estimates that Algeria’s foreign reserves fell to $113bn at end-2016, down from $143bn in 2015, $177bn in 2014 and $192bn in 2013. This roundabout way of booking oil revenues has been cr...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017