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Oman’s OQEP Targets 300,000 Boe/D By 2030
...EP’s working interest was hovering around 40,000 boe/d until two major projects came online in 2017, driving rapid growth; namely the expansion of its Bisat oil field in Block 60 and the startup of the BP-led 1bn cfd first phase Khazzan tight gas project in Block 61 (BP 40%op, OQEP 30%, Petronas 10...
Volume: 69Issue: 12Published at Fri, 20 Mar 2026 -
Egypt Gas & Oil Output Continues Decline In 2025
...w output (MEES, 7 March). *Decline from the country’s number three gas province, the onshore Nile Delta, has been severe, falling to just 332mn cfd for January, the lowest since mid-2014 and a far cry from the record 1.378bn cfd posted in August 2017. A key producer here is UAE firm Dana Ga...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
BP Seeks To Build On Historic Middle East Foundations In ‘Return To Upstream’ Strategy
...ream. BP returned to the remodeled concession in December 2016, after the original concession agreement expired in 2014, and the current agreement runs until end-2054. Return to Adco lifted BP’s net Abu Dhabi output to a record 257,000 b/d in 2017, but after the offshore Adma concession expired at the en...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
Kuwait Seeks Chinese Help With Solar Expansion
...untry’s power generation , just 0.16TWh for 2024 (see chart 1). The park’s current facilities were commissioned in stages from 2017 to 2019 to serve as a test bed for deploying renewable energy technologies in Kuwait, with the government planning to expand Shagaya to 4.5GW through multiple phases (MEES, 28...
Volume: 68Issue: 12Published at Fri, 21 Mar 2025 -
Power Surge: Saudi Arabia’s Electricity Demand Soars To New Heights
...vernment statistics, including strong gains of 7.3% growth in transportation and 7% in hospitality. Last year’s 5% rise in power consumption was the highest annual growth figure since 2017, while the surge in peak demand from 65.3GW to 70.6GW was the biggest annual increase since 2015 (see ch...
Volume: 67Issue: 12Published at Fri, 22 Mar 2024 -
Equinor Cools On Algeria
...e move as better for the environment, but it can also be seen as a recognition that In Amenas output will never regain the record 815mn cfd and 51,500 b/d hit in 2017. The 2017 boost came thanks to the start-up of a $700mn compression project in late 2016. Output has since resumed a downward tr...
Volume: 66Issue: 12Published at Fri, 24 Mar 2023 -
Egypt Power Consumption Hits Record 167TWh For 2022
...modern CCGT capacity and the giant Zohr gas field in 2017-18 made such power shortages a thing of the past (MEES, 3 August 2018). However, today’s capacity surplus is less robust than it seems: an increased reliance on intermittent renewables generation, often located far from population centers, pr...
Volume: 66Issue: 12Published at Fri, 24 Mar 2023 -
Iran 210,000 B/D Refining Boost
...A long-delayed new 210,000 b/d CDU at Iran’s century-old 390,000 b/d Abadan refinery was completed on 17 March. First announced in 2017, the CDU is part of an expansion phase that includes a 100,000 b/d VDU upgrading unit which will reduce fuel oil yields from 40% to 20%. Iran secured a $1....
Volume: 66Issue: 12Published at Fri, 24 Mar 2023 -
Saudi Aramco Plans 50% Gas Output Boost By 2030
...d in 2021, including a single-day output record of 10.8bn cfd. The previous records of 9.03bn cfd and 10.7bn cfd respectively had been set in 2020, and the 170mn cfd year-on-year increase was the fastest annual increase since 2017. Sales gas output has now increased for 15 consecutive years (see ch...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Algeria Smashes Gas Output Record For 2021, Can It Keep It Up?
...tput records of 94.8bcm and 94.5bcm set in 2016 and 2017, but also breached the 100bcm mark for the first time with production rising 17% to 102.8bcm (9.94bn cfd), according to official Algerian submissions to Jodi (see chart 1). Output continued to roar in January, hitting 9.7bcm – just 0.4bcm shy of...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Iran Awards Phase 2 Of South Pars Oil Field Development
...talEnergies. South Pars itself is the world’s largest gas field including the Qatari ‘North Dome’ portion. Discovered in 1992, SPOL Phase-1 production began in 2017 (MEES, 24 March 2017) with Iran targeting capacity of 35,000 b/d of 21° API crude oil. Out of nine wells planned in section A2 of the field (se...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Egypt Powergen Rebounds To Record For 2021 As Oil Burn Makes A Comeback
...lated effects coming on top of a long term downward trend from a 2016 peak after subsidies were phased out from 2017. As for the impact of Covid: 2020 household consumption actually was somewhat higher than 2019 as more people stayed at home, whilst for 2021 the main change was a higher summer peak, pe...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Lebanese Power Operator Primesouth Files Arbitration Against Iraq
...ngled out the project for corruption since initial plans were made public in 2017. A little-known Dubai based Iraqi oilfield services subcontractor called Al Nukhba Energy was accused of corruption after the electricity ministry chose it to deliver the work. In April 2019, the Iraqi cabinet awarded the 10...
Volume: 65Issue: 12Published at Fri, 25 Mar 2022 -
Marib Conflict Threatens Yemen’s Struggling Oil Sector
...llapsed to just 14,000 b/d in 2016. Green shoots then began to emerge, first in the eastern Masila Basin where state firm PetroMasila restarted oil production in 2016 (MEES, 15 September 2017). PetroMasila produces 40,000-50,000 b/d from Blocks 10 & 14, of which some 34,000 b/d was exported last year. Oi...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Ex-Sonatrach CEO Held In Dubai Amid Refinery Probe
...rest warrant “against the main accused” in the ongoing corruption case surrounding Sonatrach’s December 2018 purchase of Italy’s 200,000 b/d Augusta refinery (MEES, 11 May 2018). “The main accused” was widely believed to be Ould Kaddour, who was Sonatrach CEO from 3 April 2017 to 23 April 2019 and le...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Egypt Power: Plentiful Gas, Falling Demand Make Shortfalls A Distant Memory
...fective capacity with blackouts commonplace. Two key events have transformed Egypt’s power supply situation in recent years. The start up of the giant Zohr offshore gas field at the end of 2017 and its subsequent ramp-up made chronic gas shortages a thing of the past (MEES, 14 September 2018). And 20...
Volume: 64Issue: 12Published at Fri, 26 Mar 2021 -
Aramco Focuses Investment On Offshore And Gas
...gnificant milestone has been achieved with the commissioning of additional surface processing facilities that include four satellite facilities and associated well sites. Total North Arabia processing capacity is now 400mn cfd the firm says. The Turaif project started up in 2017 with initial sales gas ou...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Dark Days Ahead For KRG Oil Sector
...re reached in 2017 (MEES, 1 September 2017). As with then, if low prices persist the KRG faces having to decide between making IOC payments and covering its own expenses (like salaries). If prices stay low, the KRG’s ambitious near-medium term plans to increase output may prove unsuccessful. Pr...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Saudi Arabia’s Latest U-Turn Hits Opec Periphery Hardest
...reover, Ms Young says that some of the Abu Dhabi measures “actually backtrack on some subsidy reform.” Such measures also typically prove hard to reverse. OPEC’S 2019 OIL EXPORT REVENUES AT RISK OF FALLING BELOW 2017 LEVELS ($BN) *MEES CALCULATION BASED ON 2019 EXPORTS & PRICES. ** MEES PR...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
Aramco Downstream Results Hit By Lower Margins, Sadara Impairment
...en completed and was being commissioned at year-end 2019. This will benefit petchems producers who are currently having to process some other feedstocks because of tight ethane supply/demand (MEES, 28 February). ARAMCO REVENUE BY OPERATING SECTOR ($BN) $1=SR3.75. *2018 FIGURES AND 2017 TO...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020