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Abu Dhabi Awards Offshore Stake To State-Owned Firm Cepsa
...ter an Indian consortium was awarded 10% in the 360,000 b/d Lower Zakum concession (MEES, 16 February). Cepsa, a Spanish-based integrated oil firm, was acquired by Abu Dhabi investment vehicle IPIC in 2011. IPIC then merged with fellow state-firm Mubadala last year, with the combined entity known as...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Egypt Gas Hub Plans: Goal Or Own Goal?
...rminals at Idku and Damietta on the Mediterranean coast. Noble and Delek’s partner Anglo-Dutch major Shell at Cyprus’ 4.2tcf Aphrodite. Talks have taken place this week to send gas to Egypt, although they remain at a preliminary stage. Aphrodite was discovered in 2011 and a development plan has yet to be an...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
US Poised To Compete With Saudi Arabia As World’s Largest Oil Exporter
...0,000 b/d (9%) year-on-year (see table for full data). This was largely driven by major export cuts in Q3, when volumes of 6.65mn b/d were the lowest since Q1 2011. Crude exports bottomed out at 6.55mn b/d in September (the lowest since March 2011) but exited the year at 7.05mn b/d in December. MEES es...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018