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Oman: Oil Revenues Rebound Despite Slide In Exports
...*Latest official data from Oman’s Ministry of Oil and Gas show that the sultanate produced 992,000 b/d of crude and condensate in December. This pegs average 2018 output at 978,000 b/d, up a fraction on 2017 but almost 3% down on 2016’s record 1.004mn b/d – the only time Oman’s output has ev...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Eni Completes Middle East Tour De Force
...arjah and Bahrain as it looks to diversify its portfolio. Net liquids output from the region – all from Iraq’s Zubair – averaged 40,000 b/d in 2017 out of a global 852,000 b/d (4.7%). Add in gas, and the net regional share was 43,000 boe/d out of 1.82mn boe/d (2.4%). By way of comparison North Af...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Qatar Cements Korea LNG Top Spot
...ter taking zero for October. Conversely, Korean LNG imports from the US hit a quarterly record of 1.48mn tons in Q4 and a monthly record of 610,000 tons in October. Not only is Qatar Korea’s top supplier but the feeling is mutual. Korea, having overtaken Japan to become Qatar’s top customer in 2017...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Oman: Bp & Eni Look To Repeat Khazzan Success
...tcome. BP upstream chief Bernard Looney says the firm aims to “further deepen its important position in Oman, building on the successful delivery of Khazzan in 2017 and its second phase of development that is currently under construction.” BP entered the Khazzan project in 2013 (MEES, 7 June 2013), an...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
IEA Points To Marathon Task Of Rebalancing Market
...growing rapidly, but Opec’s share of it is declining even more quickly. Opec’s own numbers show that the group is slated to supply just 30.8% of global demand in 2019 down sharply from 33.8% in 2017. Opec expects non-Opec production to grow by a massive 2.1mn b/d in 2019 – still less than 20...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
KRG Poised For Another Bumper Oil Year In 2019
...Iraqi Kurdistan’s oil sector overcame immense challenges in 2018. It countered expectations to boost production by some 90,000 b/d, ending the year at around 420,000 b/d. Despite the loss of around 280,000 b/d production from the Bai Hassan and Avana Dome to federal forces in October 2017 (ME...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Aramco’s Sabic Takeover: Are Assets Compatible?
...pacity of 10.2mn t/y of end products. While Sabic’s 66.9mn tons of chemicals output in 2017 included intermediate products (see chart), even assuming two thirds of this total was intermediates suggests its end-products capacity is more than double Aramco’s. Sabic is one of the world’s largest pe...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
UAE Plans 7GW Power Tenders
...wain (MEES, 30 November 2018). The 7GW of planned additional powergen capacity will be equivalent to 40% of the combined 17.4GW of current capacity in the Ewec (16.7GW) and Fewa (700MW) operating areas. Fewa is increasingly reliant on imports from Abu Dhabi, taking an average 1.59GW from Abu Dhabi in 2017...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Tunisia: 120MW Wind awards
...rm Steg, at a price of TD0.10-0.135/kWh ($0.034-0.046/KWh) for 20-years. The 130MW tender, initially launched in May 2017, went through a number of deadline extensions, finally ending in December 2018. 10MW of capacity reserves for smaller projects received no bids. Delays are becoming the no...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019 -
Iran Gives State Firm Slice Of Kish
...om foreign firms. MoUs were signed with Shell, Eni and Gazprom in 2016 and 2017 to study the field. ...
Volume: 62Issue: 03Published at Fri, 18 Jan 2019