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GCC Rallies Round Kuwait Following Iraq’s New Boundary Claim
...atures that lie within its waters and are exposed at low tide but submerged at high tide, while Iraq says that use of the shoals as baseline points is contrary to the UN Convention on the Law of the Sea (UNCLOS). Kuwait uses these shoals as baseline points under a 2014 Emiri decree that Baghdad re...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Oman Lays Out Plan For 30% Renewables By 2030
...an is driven primarily by the residential and economic sectors. Residential demand is simply a function of a growing population and urbanization requiring more electricity. Government data show residential consumption rose by 67% from 2014 to 42.2TWh in 2024. Like the rest of the Gulf, the majority of...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
Heavy Oil Start Up Boosts Kuwait Upstream Sector
...en the onshore Wafra field was shut-in (MEES, 15 May 2015). That followed the shut-in of the offshore Khafji field in October 2014 (MEES, 24 October 2014). In the last year of full-production (2013), output from the PNZ averaged 460,000 b/d, with 250,000 b/d from the offshore and 210,000 b/d from th...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Repsol Mena Pullback
...rector Didier Lluch said in 2014 (MEES, 20 March 2015). Development of Algeria’s supposed 800tcf of shale gas reserves has again moved up the agenda in the country’s latest ‘Energy Action Plan’ (MEES, 14 February). Debating plans for years on end without actually doing much is an Algerian specialty: the ge...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
KRG: Repsol Exits Kurdamir
...maining 20%. Repsol inherited the Kurdamir license in 2014 when it bought out Canadian shale-focused firm Talisman Energy for some $13bn, along with the neighboring Topkhana (Repsol 80%, KRG 20%; MEES, 19 December 2014). Initially bullish development plans faded away and the firm has rarely mentioned th...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020 -
Iran Taps SWF For $4.8Bn Oil Project Funds
...e oil and gas fields Iran shares with its neighbors, one of his administration’s top priorities. Iranian officials have long complained that Iran is falling well behind its Arab neighbors – primarily Iraq, Oman and Qatar – in the exploitation of these shared reserves (MEES, 9 May 2014). This de...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Iraq Adds Southern Storage Capacity In Bid To Ease Export Bottlenecks
...4mn b/d, but is often shut down when there is a backlog in loadings from the Basra and Khor al-’Amaya terminals. Iraq’s oil production capacity rose by 400,000 b/d in 2014, exclusively from the southern fields being developed by foreign consortia under long-term service contracts awarded in 2009 and 20...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Egypt: Tahrir Petchems Advance
...19 (MEES, 4 April 2014). The Tahrir complex will rely on imported naphtha, making it immune from the feedstock supply problems affecting other Egyptian petrochemicals projects that rely on dwindling local gas supplies (see p7). Meanwhile, Egypt’s cabinet has announced plans for a number of pe...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Options Narrow As Libya Peace Talks Collapse
...e Libyan army. Haftar, the nominal leader of a major part of the Libyan National Army, launched the Operation Dignity campaign against Islamist groups in May 2014, and he has gradually come to be seen as the de facto head of fighting forces loosely representing the HoR. Saqr al-Jurushi, who is lo...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Noble Suspends Israel Investment Amid Anti-Trust Stasis
...d Delek in March 2014. This would have allowed the two firms to keep their interests in Leviathan and Tamar as long as they sold off two smaller fields, Karish and Tanin. Following this Noble and Delek last year advanced plans to develop the Leviathan field, the East Mediterranean’s biggest gas di...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Egypt Plots Gas Renaissance
...EGYPT Egypt Plots Gas Renaissance Egyptian gas output fell to a nine-year low in 2014. But confidence that the decline can be reversed is increasing. The latest bid round, offering eight large gas-prone Mediterranean blocks, will be a key part of any renaissance. Egyptian state ga...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Egypt Appoints New Chiefs To Key Oil Joint Ventures
...fzaf, the former assistant chairman at the Shell JV Bapetco, taking his place (see table). Almost all of Egypt’s oil and gas production (671,500 b/d and 4.7bn cfd for 2014) comes via joint ventures that group EGPC and foreign oil firms. This means that many of the senior appointments to these jo...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Sonatrach And Gazprom Revive LNG Supply Talks
...reements with Italian importers such as Eni to slash shipments through the Trans-Mediterranean pipeline linking Algeria and Italy in order to cut costs until the end of 2014 (MEES, 10 October 2014). Shipments have edged higher so far this year but remain at only 30% of 2010 levels (see graph). However, th...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Egypt Inks More LNG Import Deals
...AS for five years under a deal signed in November last year (MEES, 7 November 2014). A second FSRU will also be moored at Ain Sukhna in July but as yet no announcement has been made regarding the firm which will supply it. EGYPT LNG IMPORT DEALS Company Si...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Qatar Looks To Adapt Amid Shifting Global LNG Landscape
...en as an alternative to imports of pipeline gas from Iran (MEES, 28 February 2014). With a potential easing of international relations with Tehran, Qatar also seems to be preparing the ground for potential competition with its neighbor in the longer term. LOWER FIXED PRICES; A SIGN OF THINGS TO CO...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Qatar Hydrocarbons Sector In Temporary Lull
...ctor will account for more than half of nominal GDP, with its share rising further in 2016,” it says in its recently-released economic outlook report for 2014-16. The ministry predicts that Qatar’s GDP growth will top 7% for both 2015 and 2016, after posting 6.3% growth for 2014. Hydrocarbon ou...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Saudi Arabia Aims For Key Role In Global Products Supply With $20Bn Jazan Plans
...ans for the region’s development, that the idea is to create value from the country’s oil and gas reserves, to serve as the engine for growth in the industrial sector rather than rely solely on crude oil exports. Latest official data submitted to the Joint Organizations Data Initiative (JODI) for 2014...
Volume: 55Issue: 09Published at Fri, 27 Feb 2015 -
Saudi Refiners End Record-Breaking 2014 On A Crude Processing High
...SAUDI ARABIA Saudi Refiners End Record-Breaking 2014 On A Crude Processing High Saudi refineries processed a record 2.22mn b/d of crude oil in December, buoyed by the ramp-up of production at the 400,000 b/d Satorp refinery in Jubail (see p12). Further records will follow this year wi...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Saudi Runs, Product Exports Hit Record As Downstream Push Continues
...e Yasref start-up takes overall Saudi CDU capacity to a record 2.9mn b/d. But with December’s throughputs only 76% of this, more records can be expected in the coming months. > Saudi Arabian crude output edged up to 9.71mn b/d in 2014, the second highest (after 2012) since production briefly to...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015 -
Saudi Arabia 2014 Official Crude & Oil Products Output, Trade & Balance (‘000 B/D)
...Saudi Arabia 2014 Official Crude & Oil Products Output, Trade & Balance (‘000 B/D) 2014 14vs13 2013 2012 2011 2010 De...
Volume: 58Issue: 09Published at Fri, 27 Feb 2015