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Iraqi Kurdistan Unilaterally Imposes New Payment Formula On IOCs
...pacted by government diktats. Payment delays are not a new development in Kurdistan, with previous instances following the 2014/15 price collapse and the Covid-19 pandemic. But firms speaking at a SpareBank 1 conference in Norway earlier this month expressed puzzlement at the delays this time. DNO CF...
Volume: 66Issue: 10Published at Fri, 10 Mar 2023 -
Algeria’s Regime Under Threat
...en protests against the regime in the past, but none like this one. Bouteflika, in Geneva for what officials describe as a “routine health check,” was unable to present his own campaign papers for the coming election, a reminder of 2014 when he left it to right hand man Abdelmalek Sellal to de...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Can Iraqi Kurdistan’s Bickering Factions Grasp Key Opportunities?
...operation has at least provided the central government with an alternative to its stretched southern export infrastructure. Use of the pipeline will provide an interesting litmus test, as federal Iraqi exports through the pipeline have started and stopped several times since in 2014. In Prime Minister Ad...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Iraq’s Politicized 2018 Budget Aims To Slash Deficit
...ached this would likely only be implemented in the second half of the year (MEES, 2 March). Iraq is banking on an $8.1bn revenue gain (9.5% in real terms) over 2017’s revised budget expectation as it struggles to rein in the double digit deficits it has routinely posted since 2014’s oil price crash. Oi...
Volume: 61Issue: 10Published at Fri, 09 Mar 2018 -
BP: Mideast Moves To Center Stage In Cash-Constrained Times
...is strategy. For 2015, BP’s biggest production gain was in Iraq where its share of output more than doubled to 123,000 b/d from 55,000 b/d in 2014. Gross production was up only slightly to 1.3mn b/d at BP’s flagship Rumaila field; the key boost to BP came from the fact that it receives a set fee pa...
Volume: 59Issue: 10Published at Fri, 11 Mar 2016 -
BP: Mixed Signals On Algeria
...ALGERIA BP: Mixed Signals On Algeria BP, in its 2014 Annual Report, released this week, lists Algeria’s In Salah south project as one of the firm’s four key projects worldwide to start-up this year. Though nominally slated to maintain In Salah output at 9 bcm/year (870mn cfd), BP has al...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015 -
For KRG All Roads Lead To Turkey
...e KRG began to export oil through Ceyhan with Ankara’s blessing, but without Iraqi federal approval. The KRG, still strapped for cash even after a December 2014 deal with Baghdad over oil exports and revenues, has secured a number of loans from Turkish state banks. Turkish private investors and st...
Volume: 58Issue: 10Published at Fri, 06 Mar 2015