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Oman Capitalizes On Opec+ Condensate Exemption With 2020 Output Surge
...rgely enabled by the BP-led development of Block 61’s Khazzan tight gas field, which reached full phase-1 capacity of 1bn cfd (10bcm) in 2018 after starting up in 2017 (MEES, 29 September 2017). Oman liquids production had been capped by Opec+ ever since Khazzan’s startup, meaning that until last year Mu...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Qatar Brokers Israel-Gaza Gas Supply Deal
...d around 30MW from Egypt, but still suffers from between eight to twelve hours of blackouts every day. The World Bank, in a 2017 report, estimates the cost of diesel-fired generation at the plant at approximately $0.30/kWh. Switching to gas-fired generation could “slash costs to $0.068/kWh,” the Wo...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Israel 2020 Gas Output, Exports At Record Levels
...gan two weeks later (MEES, 17 January 2020). Jordan has imported gas from Israel since 2017. But until the start-up of Leviathan sales had consisted solely of modest Tamar volumes of around 20mn cfd to industrial customers on the Dead Sea. The game changer was Jordan state power firm Nepco’s 20...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Iraq Struggles To Find Developers For Mansuriya Gas Field
...erating on a feedstock of diesel and heavy fuel oil. Iraq’s notorious practice of fuel switching due to gas shortages reduces efficiency and increases maintenance requirements (MEES, 12 February). In 2017, GE restored 90% of the power station’s generation capacity after large parts of the site had be...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Saudi Arabia’s Oil Sector In 2020: Assessing A Tumultuous Year
...amco began ramping up operations at the 400,000 b/d Yasref JV refinery in 2015 (MEES, 9 January 2015). Domestically, demand for refined products had already been trending down after peaking in 2017 due in large part to the reduction of subsidies on gasoline and diesel in recent years. Gasoline de...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021 -
Saudi Arabia’s Regional HQ Ultimatum Raises Eyebrows
...e first FII back in 2017 was designed to facilitate (MEES, 27 October 2017). Yet while the biggest corporate names have often flocked to FII, many have merely paid lip service to future investments in the kingdom, while instead seeking to themselves secure investments from Riyadh. Many of those fi...
Volume: 64Issue: 07Published at Fri, 19 Feb 2021