1. Oman: Struggling To Cope With Too Much Gas?

    ...ock 61 (BP 60%, state Oman Oil Company 40%) started production in September 2017 and hit full Phase-1 output of 1bn cfd earlier this year. MEES estimates this will boost Omani gas output by 20% in 2018 (MEES, 29 September 2017). BP this month took a final investment decision (FID) on the 500mn cfd Ph...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018
  2. LNG: Mideast Producers Lose Share Amid Record Global Trade

    ...ough, with imports of 8.29mn tons for February. • LNG powerhouse Qatar supplied a record 3.85mn tons to the East Asian ‘big three’ in January, though this dipped to 2.99mn tons in February. But Austraila has become increasingly dominant as the top supplier to East Asia in recent years. In 2017 it su...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018
  3. Iran Looks To Europe As Trump Fears Threaten Embattled Economy

    ...eks, have exacerbated concerns over Iran’s economic outlook. The economy was already struggling, with latest figures from the CBI for the first 10 months of the 2017-18 Iranian year (ie March 2017-January 2018) implying that Iran was on course to run a $12.2bn deficit. This is up a huge 27% on the pr...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018
  4. US Imposes Oil Restrictions On South Sudan

    ...geria’s Oranto Petroleum. Oranto signed a concession agreement for Block B3 in March 2017 in which it pledged to invest $500mn in exploration work (MEES, 5 May 2017). Also placed under licensing restrictions is Russia’s downstream oil contractor Safinat, contracted prior to the onset of war to build a 7,...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018
  5. Qatar & Sudan Deepen Ties

    ...lationship following Qatar’s mediation role in the Darfur conflict, which resulted in the 2011 Doha Document for Peace in Darfur. And Qatar is in need of friends having faced a regional embargo since June 2017. The main players in the Qatar dispute are Saudi Arabia, the UAE, Bahrain and Egypt. Khartoum ha...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018
  6. Israel’s Gasoline Thirst Pushes Oil Products Consumption To 5-Year High

    ...• Israel fell into a gasoline deficit for the first time in at least 10 years in 2017 as consumption rose to a record 75,300 b/d whilst domestic output from the country’s two refineries fell by 11% to 73,900 b/d. • Bazan, which operates the 197,000 b/d Haifa refinery, says that it expects th...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018
  7. Israeli Gas Development: Can The Domestic Power Market Absorb It?

    ...e country’s most recent bid round. All are close or adjacent to Karish and Tanin (MEES, 15 December 2017). The reference to liquids storage capacity is particularly eye-catching given that Israel has no current oil production and that there has been no extended production test at Karish. That sa...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018
  8. Gulf Bonds In 2018 Another Bumper Year?

    ...After issuing a record $50.5bn in international bonds in 2017, GCC sovereigns are poised for another bumper year despite rising oil prices easing fiscal pressures. GCC sovereigns raised a record $50.5bn in international bonds in 2017, smashing 2016’s previous record of $37bn, according to...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018
  9. Crude Official Selling Prices ($/B)

    ...Crude Official Selling Prices ($/B) *VS ICE BRENT FROM JULY 2017 PREVIOUSLY VS BWAVE.  ...

    Volume: 61
    Issue: 13
    Published at Fri, 30 Mar 2018