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Tunisia’s Nawara Gas Project: Too Little Too Late?
...wara is set to add will only boost Tunisia’s overall output to around 250mn cfd – lower than it was in 2014 when FID was taken on Nawara (see chart 1). But make no mistake, the added volumes will provide much needed relief to Tunisia which in 2018 was reliant on 371mn cfd of imports from Algeria to me...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Iran’s South Pars Gas Development Edges Forward
...nganeh visited China for talks in late February, but doesn’t appear to have achieved any notable success. Deja vu given that Iran axed CNPC’s contract for South Azadegan in 2014 due to the firm’s slow progress during the previous round of US sanctions (MEES, 9 May 2014). When Total and CNPC signed up to...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
Egypt Oil Output To Fall As Key Producer Apache Slashes Investment
...stain… cashflow” rather than raise output. With fewer rigs and lower capex, Apache plans to drill 40% fewer wells in Egypt this year. For 2019 it plans 70 wells, 30 exploration and 40 development, down from 115 for 2018. This in turn is well down on the 2014 peak of 220. Of 2018 wells, 45 were ex...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
OPEC Output Slumps To Four Year Low
...ghes show that the number of active oil rigs in Iraq jumped to 67 in February, its highest level since August 2014. Of the non-Opec portion of participants, the picture is decidedly mixed. While Oman swiftly moved to hit its target in January, the largest participant, Russia, is lagging behind. Ru...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019 -
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 -
Kuwait Eyes Revenue Boost From Clean Fuels Upgrade
...na al-Ahmadi 347,000 b/d. Combined crude processing capacity will be increased by 9% to 801,000 b/d from 736,000 b/d. At the time of the CFP award in 2014 project management contractor Foster Wheeler said that the upgrade would mean fuel oil output with a maximum of 1% sulfur (MEES, 14 February 2014...
Volume: 62Issue: 10Published at Fri, 08 Mar 2019