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Oman Divvies Up Output Cuts Among Operators
...reement in publishing details of production caps for oil firms operating Omani oil fields. The aggregate of 970,094 b/d planned crude and condensate output for January-June 2017 implies the use of November’s record output as a baseline, whereas Opec producers have agreed to use October. If Oman’s October ou...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Jordan Keeps Up Renewables Momentum With Solar Award & New Tender
...16 176 Total End-2016 4,524 Planned: TSK/ Enviromena (2017) Quweira So...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
IEA, Opec Bring Forward Projected Market Rebalancing
...The IEA and Opec are both confident that the oil production curbs agreed upon at the end of last year are hastening the rebalancing of supply and demand. In their latest monthly reports, both organizations see sizeable stock drawdowns in 2017, although they differ considerably on the extent an...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Kuwait Energy Shuns EBRD For Vitol Cash
...ne months of 2016 and doubled from October with a second well added. A third well is set to begin producing this month with output slated to ramp up to 20,000 b/d during the course of 2017, KEC says. The Vitol cash “will enable Kuwait Energy to continue and expedite its early production efforts in...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Egypt Launches Eurobond Roadshow As It Looks To Drum Up $35bn Over Three Years
...ace when you’re in a bad starting position,” he adds. Mr Garhy says that Egypt is trying to curb its budget deficit to around 10.1% of GDP by the end of fiscal 2016-17 in June, down from 12.3% a year ago, and to cut the stock of public debt to 98% of GDP by the end of June 2017 from the 101% mark at...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Algeria Deficit Tops $17bn; Is Reserve Fund Finished?
...Algeria’s reserve fund, the Fonds de Regulation des Recettes (FRR), has most likely become superfluous following the government’s decision to divert the country’s hydrocarbons revenue to the state budget effective 2017 rather than to the FFR. The FFR for many years collected all ‘su...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
IMF Slashes Saudi Growth Forecast – Based On Questionable Assumptions
...The IMF, in the latest update to its World Economic Outlook, released 16 January, has slashed its forecast for Saudi Arabia’s 2017 economic growth to just 0.4%, down from its forecast of 2% growth made three months ago (MEES, 7 October 2016). Unsurprisingly, Saudi Arabia has taken umbrage at...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
GCC Sovereigns Set Out Plans To Boost Their Balance Sheets
...wait 1Q17 10 S. Arabia 2017 10...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017