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Genel Farm-In Boosts Development Prospects At Chevron KRG Blocks
...uple of months before the first well was spudded. Sarta-1 tested at 1,000 b/d of heavy crude from the Jurassic reservoir. A second promising well, Sarta-2 was spudded in July 2013, but it was not enough to keep OMV onboard as the firm relinquished in early 2014 (MEES, 28 February 2014). Chevron was fo...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Thailand Crude Imports: Abu Dhabi Cements Top Spot
...lumes were their highest since 2014. An indication that Thailand is casting its net wider for crude is that both supplies from North Africa as a whole and from Libya in particular (15,900 b/d) hit record highs in 2018. There are ‘push’ as well as ‘pull’ factors at play here. One particular to Libya is th...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Libya Halves 2018 Budget Deficit But Remains Hostage To Oil And Conflict
...ipoli-government’s performance. LIBYA PUBLIC FINANCES (LD BN): DEFICIT AT SIX-YEAR LOW IN 2018 AS OIL REVENUES LEAP 76%* *DATA IS FROM TRIPOLI BASED CENTRAL BANK OF LIBYA. EXCLUDES REVENUE RAISED AND SPENDING BY RIVAL BAIDA-BASED GOVERNMENT WHICH SPENT LD36BN SINCE ITS INCEPTION IN 2014 AN...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Kuwait 2019-20 Budget Envisages Bumper Deficit Amid Faltering Oil Prices
....6bn, 93.7% of total income. This would be the highest oil revenue since 2014-15, and the greatest share of the total since 2012-13. Efforts at economic diversification remain as stubbornly distant as ever. Mr Hajraf estimated the breakeven oil price at $75/B before allocation of the mandatory 10% of...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019