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Algeria: 3 Bcm Gas Boost From In Salah Expansion
...s fallen to less than two-thirds of this figure – just 5.9 bcm for 2015. The fact that a project intended to maintain gas output will in fact provide a sizeable boost is indicative of the delays plaguing the Algerian upstream. In Salah output averaged 8.2 bcm in 2011, the year Southern Fi...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Adnoc Head Replaced As Abu Dhabi Eyes Output Rise
...s and oil production capacity and the renewal of a key offshore oil concession. Mr Suwaidi had headed up Adnoc since 2011, during which time he oversaw the renewal of the Abu Dhabi Company for Onshore Petroleum Operations (Adco). Of the 40% of the Adco concession open to foreign pa...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Libyan Unity Still Distant As Oil Trading Disputes Fester And IS Power Grows
...ng.” As has been the case since the ousting of former leader Mu’ammar al-Qadhafi in 2011, one of the biggest barriers to the agreement has been control over the country’s oil resources. The country’s crude oil output dropped to just 317,000 b/d in late January compared to some 1.6mn b/d prior to the fa...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Tunisia Bags EU, IMF Cash But Oil & Gas Output At Record Lows
...ansition process has been facing so many economic challenges since 2011;” recent terrorist attacks “have exacerbated an already vulnerable balance of payments and fiscal position, creating important financing needs,” he says. Tunisia, the pioneer of the 2011 Arab Spring revolts, suffered several deadly at...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Dana Looks To Egypt Uptick In 2016
...this output is gas: some 163mn cfd for 2015, around 50mn cfd down on record 2011 output of 213mn cfd. But countering the 2015 fall in output is the potential long term gains from the hike to the company’s Egyptian reserves following “successful Balsam-2 and 3 wells [which] added 165 billion cu...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
S&P Downgrades GCC Ratings On Back Of Tumbling Oil Prices
...hrain’s public finances. S&P highlights that public spending has remained elevated since the outbreak of mass civil unrest in 2011, with wages, salaries and subsidies accounting for 72% of spending. Despite Bahrain’s financial woes, however, the agency believes that economic support from neighboring Saudi Ar...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Iran Sets Out FDI Strategy As Foreign Cash Starts To Trickle In
...lay is that Mr Rohani waited for the lifting of international sanctions against Iran on 16 January to unveil the 2016-17 budget the next day (MEES, 22 January). The budget projects oil revenue at $22bn, based on an oil price assumption of $35-40/B; oil revenue hit a record $119bn in 2011 wh...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016