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Exxon Looks To Partner Up In Egypt
...rt of Shell’s giant North East Mediterranean (Nemed) block where the Anglo-Dutch major drilled 10 wells between 1999 and 2011 including 2001’s Leil-1 on the Star acreage which hit sub-commercial quantities of gas. One key change since then is that Cairo has since hiked the amount paid for gas ou...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Libya’s Oil Revenues Plummet To $6bn In 2020
...ED BETWEEN 2011-17 DUE TO LACK OF NOC DATA. INCLUDES GAS EXPORT REVENUE, PRODUCTS SALES, ROYALTIES AND TAX. ^KPLER. SOURCE: OPEC ASB, CBL, NOC, KPLER, MEES. 2: LIBYA’S 2020 OIL & GAS INCOME ($BN): NOC STOPPED TRANSFERRING FUNDS TO CBL IN SEPT, LEAVING $2.1BN FROZEN IN THE LIBYAN FOREIGN BA...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Gas Plant Inauguration Boosts Iran’s Petchems Outlook
...t to go-ahead (MEES, 10 October 2014). As MEES wrote at the time, Iran was struggling with gas supply issues that called its ambitious petchems expansion into question (MEES, 31 January 2011). The easing of sanctions in 2015 following the JCPOA ‘nuclear deal’ gave an opportunity to bring foreign co...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Algeria’s Power Output Falls For First Time On Record In 2020
...are of renewables in the energy mix. Here, policymakers have talked a good game but grossly underdelivered. In 2011 Algeria announced plans to install 22GW of renewables by 2030. Fast forward nearly a decade and the country only has 448MW of solar PV (mostly off-grid), 10MW of wind and 228MW of hydro ac...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021