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Libya Gas Exports Fall To 22-Year Low
...ich provides the bulk of the country’s output and 100% of exports. Eni’s net sales gas output in Libya slumped from its 2017 record of 1.58bn cfd to just 568mn cfd for 2024. However, there are signs of a rebound, with production having bottomed out at 510mn cfd in 2021. It has since risen in...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Cronos To Bolster Egypt’s Gas Hub Ambitions
...forts to change Damietta’s configuration to increase flexibility have not had sufficient impact. Eni had hoped that gas production from Zohr, which started up in late 2017, would provide the feedgas for Damietta. But Zohr’s output has collapsed from 2.74bn cfd in 2021 to less than 1.3bn cfd cu...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Pax Silica: Forging A New Regional Security Architecture?
...e US, having appointed a minister of state for artificial intelligence in 2017 and launched the UAE strategy for AI in the same year. Artificial Intelligence was at the center of the opening speech by UAE’s Minister of Industry and Advanced Technology and Chairman of Masdar, Sultan al-Jaber, at AD...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Egypt Gas Output Boost As BP & Shell Complete Offshore Drilling
...e to imminently begin its own two-well campaign at Zohr in an attempt to add 220mn cfd to the current 1.6bn cfd output (just half of 3.2bn cfd capacity) by mid-2025 (MEES, 10 January). The WND Phase-1 Libra and Taurus fields were brought online in 2017 with Phase-2 Giza and Fayoum joining them tw...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
Syria Scrambles For Fuel Supplies Amid Complication Of Continued Sanctions
...yraktar telling CNN Türk on 10 January that his ministry has already sent two delegations to Damascus, with plans to expand its business there. “We have been exporting electricity and fuel oil to Syria since 2017. There are local companies there. They buy from us and distribute. We will be looking for ho...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
South Korea 2024 Crude Imports: UAE & USA Gain On Dominant Saudi
...*South Korea, the world’s number four crude importer after China, the USA and India, saw imports rise by just under 2% to 2.78mn b/d for 2024, though this remains 250,000 b/d shy of the record annual import figure of 3.03mn b/d set in 2017 (see chart & table). *Latest official Ko...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025 -
South Korea 2023 Crude Imports: Saudi Dominant, UAE Biggest Gainer
...*South Korea, the world’s number four crude importer after China, the US and India, imported 2.73mn b/d for 2023, down 3% year on year and 300,000 b/d below the record 3.03mn b/d set in 2017. *Saudi Arabia remained clear number one supplier with 955,000 b/d for a 35% market share de...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024 -
Iran Faces Blowback After Rocket Attacks Hit Iraq, Pakistan & Syria
...nior Fellow at the Washington Institute for Near East Studies. “Iran is pressuring the KDP to align with its agenda for Iraq. Iran has not forgiven the KDP for spearheading the 2017 [Kurdistan independence] referendum and siding with Sadr and Halbousi against the PMUs after the 2021 elections,” he ex...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024 -
Iran’s High Winter Gas Demand Dampens Transit Hub Ambitions
...llowing a five-year hiatus after Turkmengaz in 2017 halted flows over claims that NIGC owed it $1.8bn for previous deliveries (MEES, 13 January 2017). This was officially resolved last June according to NIGC after Baghdad paid some $2.76bn from Iran’s frozen energy dues in Iraq. The nature of the Tu...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024 -
Egypt’s Nuclear Megaproject Faces Uncertainty As Russian Funding Squeezed
...the Mediterranean coast 170km west of Alexandria. This was followed by a 2017 agreement greenlighting several contracts for construction (MEES, 15 December 2017), which effectively began in 2022 (MEES, 8 July 2022). Under the agreements, Russian state nuclear energy firm Rosatom will build the fo...
Volume: 67Issue: 03Published at Fri, 19 Jan 2024 -
Oman Set For New Gas Highs With Block 10 Start-Up
...CORD GAS OUTPUT Shell and TotalEnergies have greatly increased their presence in Oman’s exploration acreage in recent years following BP’s successful development of Block 61’s 1.5bn cfd tight gas reserves. Block 61’s Khazzan development came online in 2017 and revitalized Oman’s gas se...
Volume: 66Issue: 03Published at Fri, 20 Jan 2023 -
Oman’s Blocks 3 & 4 Suffer Output Fall For 2022
...REAM As it stands, all of Tethys’ production comes from Blocks 3 & 4, and even before last year’s problems the firm was keen to diversify. It snapped up three additional blocks between 2017 and 2020 and is optimistic about beginning commercial operations at one in the near future. After di...
Volume: 66Issue: 03Published at Fri, 20 Jan 2023 -
South Korea Crude Imports: Saudi Up 23% To Record 995,000 B/D For 2023
...*South Korea, the world’s number four crude importer behind China, the US and India, saw volumes rise 7% to 2.81mn b/d for 2022, a three year high but 220,000 b/d shy of the record 3.03mn b/d set in 2017 (see table). *With volumes from Russia – 2021’s number five supplier with 15...
Volume: 66Issue: 03Published at Fri, 20 Jan 2023 -
Aramco Trading Launches American Subsidiary
...ade fuels and base oils,” Aramco says. The ‘Port Arthur’ refinery has been wholly owned by Aramco since it paid $2.2bn to Shell to acquire the major’s 50% stake in the facility in May 2017 (MEES, 10 March 2017). Under the deal signed in March 2017, the 50:50 Motiva JV was broken up, with Aramco ge...
Volume: 66Issue: 03Published at Fri, 20 Jan 2023 -
Intra-Kurdish Rift Risks United Position In Baghdad
...ghdad. That is no longer the case, especially since the 2017 death of PUK founder and long-time leader Jalal Talabani. With the KDP and PUK backing different factions in last year’s lengthy government formation process, the fissures between the two deepened further (MEES, 17 June 2022). That melodrama ha...
Volume: 66Issue: 03Published at Fri, 20 Jan 2023 -
Energean Eyes Egypt Amid Israel Gas Sale Uncertainty
...December 2021). The contract at the most immediate risk is with Israeli Independent Power Producer (IPP) Dalia Energy for its 900MW CCGT plant west of Jerusalem. The Dalia plant, which itself started up in 2015, contracted in 2017 to take 0.8bcm/y (74mn cfd) of Karish gas over 15 years. Da...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
Eastmed-To-Europe Gas Pipeline Loses Key Us Support
...chstein, who is currently serving as the State Department’s Senior Advisor for Global Energy Security, in 2017 labeling the EastMed route a “Pipedream”. East Med-to-Europe energy tie-up ambitions are now set to move on to only slightly less ambitions high voltage power interconnectors. And for now the US...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
Iran’s First Super Heavy Refinery Opens At Qeshm
...th a gross tonnage of up to 70,000 tons can dock on one side and 7,000 GT vessels on the other. PEDC has also been developing a 500MW combined cycle power plant to provide the refinery with power. The first 85MW has been operational since 2017-18, and work is underway to bring it up to full 500MW ca...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
Iran-Turkey Gas Flows Halt
...rkish booster station is preventing flows. Iran was Turkey’s second largest gas supplier behind Russia for the first ten months of 2021, providing 8.1bcm. This would already by the highest full-year figure since 2017’s 9.25bcm. Iran’s Turkey gas supply contract expires at end-2025. Iran’s Petroleum Mi...
Volume: 65Issue: 03Published at Fri, 21 Jan 2022 -
2021: A Year of Challenges & Opportunities For Iraqi Kurdish Oil
...0,000 b/d-worth of production from Avana Dome and Bai Hassan fields to federal Iraqi troops in late 2017 (MEES, 20 October 2017), the semi-autonomous region managed to grow its overall oil output. Based on company figures and estimates, MEES puts average-2020 production at 454,000 b/d – a figure closely in...
Volume: 64Issue: 03Published at Fri, 22 Jan 2021