1. Adnoc Gas Poised For $50bn Valuation

    ...sted back in 2017 (MEES, 16 February 2018). Assuming that Adnoc achieves the high end of its valuation, this will be the second IPO carried out by the group to raise $2bn in less than a year. In May, the flotation of a 10% stake in the Borouge petrochemicals firm raised $2bn, becoming the largest IPO in...

    Volume: 66
    Issue: 08
    Published at Fri, 24 Feb 2023
  2. Shell Egypt: Mixed Signals

    ...ssible sale of its Egypt portfolio. WDDM: DEEP SLUMP, MODEST REBOUND WDDM output bottomed out at 151mn cfd in 2017 following years of under-investment, increasing to 223mn cfd in 2018, although still a far cry from the roughly 800mn cfd it was producing at the start of last decade. The fields ar...

    Volume: 63
    Issue: 08
    Published at Fri, 21 Feb 2020
  3. Oman Looks To Bag More IOCs In Latest Licensing Round

    ...d round saw the likes of Occidental (Oxy) expand its portfolio in the sultanate (MEES, 9 November 2018) whilst the 2017 bid round brought Italy’s Eni and Qatar Petroleum into the fold (MEES, 15 September 2017). Oman’s Oil Minister Muhammad al-Rumhy told MEES last year that bringing bigger, more pr...

    Volume: 62
    Issue: 08
    Published at Fri, 22 Feb 2019
  4. DNO Balances Kurdistan Investment With Norway Exploration

    ...ccess stories have emerged from Iraqi Kurdistan in recent months. Kurdish private firm KAR (and by extension, the KRG) lost 280,000 b/d of output when Iraqi forces retook Kirkuk last October (MEES, 20 October 2017).  Taq Taq field (operated by Anglo-Turkish firm Genel), which produced 130,000 b/d in 2Q 20...

    Volume: 61
    Issue: 08
    Published at Fri, 23 Feb 2018
  5. Saudi Aramco IPO Plans Progressing But Key Challenges Lie Ahead

    ...7bn) in 2017 in order to spur economic growth following 2016’s sluggish 1.2% rise in real GDP. The government is looking to narrow the budget deficit to SR198bn ($53bn) in 2017 (MEES, 6 January). “Saudi Arabia will need to make sure the fiscal regime does not discourage investment in the IPO. Back in...

    Volume: 60
    Issue: 08
    Published at Fri, 24 Feb 2017
  6. Mubadala Restructured

    ...irate’s “most significant investment companies into one global investment power house,” and will provide “commercial opportunities across more strategic sectors all over the world.” The new company’s CEO Khaldun Khalifa al-Mubarak – legacy CEO of Mubadala – says he expects to begin operations in May 2017.  ...

    Volume: 60
    Issue: 08
    Published at Fri, 24 Feb 2017
  7. Egypt Tying Up Deals For $2.2bn Dairut Power Plant

    ...art-up during 2017-20 (MEES, 29 January). Turbines for the three 4.8GW plants are being provided by Germany’s Siemens, under an €8bn ($8.81bn) contract. German trade credit insurance agency Euler Hermes is underwriting a €4.1bn, 12-year loan to the Egyptian government to help fund the Siemens de...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016
  8. Oman: Musandam IPP Bids Sought

    ...velop 90MW of renewables capacity by 2020. Raeco recently awarded UAE renewables firm Masdar a contract to build Oman’s first wind farm. This will comprise around 20 wind turbines with 50MW capacity to be built at Harweel in the southernmost Dhofar governorate for start-up in 2017 (MEES, 17 October 20...

    Volume: 58
    Issue: 08
    Published at Fri, 20 Feb 2015