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KRG’s Oil Sector Hangs By A Thread As Iraq-Turkey Arbitration Nears Closure
...mpromise on the region’s independent oil sector, or whether the KRG instead doubles down and pushes more volumes onto the grey market. WAITING ON PARIS The origin of the dispute is in 2014, when the KRG completed its own independent pipeline connecting its oilfields to the Turkish bo...
Volume: 66Issue: 05Published at Fri, 03 Feb 2023 -
Qatar Export Revenues Surge To Seven Year High
...venues jumped to a seven-year high in 2021. The $87.2bn that Qatar’s exports brought in last year was the highest figure since the $100+/B days of 2014 (see chart 1), and the ongoing global gas crunch ensures that 2022 will get off to a strong start. Indeed, with Qatar exporting a near record 7.35mn to...
Volume: 65Issue: 05Published at Fri, 04 Feb 2022 -
Libya’s Power Sector In A Race Against Time
...at Libya has had rival eastern and western governments since 2014 hasn’t exactly helped matters. The parallel administration in the east has its own power authority which has complicated efforts to coordinate operations and policies. Libya’s new unity leadership which was in the process of being se...
Volume: 64Issue: 05Published at Fri, 05 Feb 2021 -
Qatar 2018 Revenue Surge Finances Renewed Checkbook Diplomacy
...ntinued largely without hiccup. With prices at multi-year highs last year, Doha raked in bumper revenues. Total export revenues surged 25% year-on-year to a four-year high of $84.3bn in 2018 (see chart). This was, however, still substantially down on 2014’s $130.7bn. Hydrocarbons accounted for 88.5% of...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
More Trouble For Algeria As Hess Walks Away
...2000 to 50,000 b/d in 2005 with completion of Phase 1 water injection, but plans to raise this further with miscible gas flooding were never finalized. Output subsequently tanked, bottoming out at just over 10,000 b/d (5,000 b/d net to Hess) in 2013. Hess’ net figure rose to 7,000 b/d for 2014 (9,...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Force Majeure A Reminder Of Risks For Energy Producers In Egypt
...ving initially hoped to bring the fields online this year. Neither of the blocks are part of TransGlobe’s 2014 production forecast of 20,500 b/d. However, PGNiG’s parting shot stands out for giving political risk as a reason for the company’s departure from Egypt. IOCs have been careful to play do...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Repsol Defies Libya Storms
...LIBYA Repsol Defies Libya Storms Spain’s Repsol has made Libya a focal point of its 2014 exploration drive, in spite of the ongoing disruptions to oil exports that are keeping the bulk of the country’s production offline. Repsol aims to sink six exploration wells into Li...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014