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  1. Kurds Warn Over Oil Payment, Kirkuk Field Rehabilitation

    ...xonMobil’s exit from leadership of the Common Sea Water Supply Project, bringing together ExxonMobil, Lukoil, BP and Eni-led upstream projects, has pushed a 4.2mn b/d phase one of this critical project back from 2015 to 2017 and maybe further, sources say (MEES, 26 March). Delays in implementing the Common Se...

    Volume: 55
    Issue: 14
    Published at Mon, 02 Apr 2012

  2. SEC Sees Orders Of $18Bn For Debut International Sukuk

    ...ars are priced at 195 basis points (bps) over benchmark 10-year mid swaps (equating to 200.8 bps over 2017 US treasuries) and the five-year at 140 bps over mid swaps (163.5 bps over 2022 US treasuries). These tightened 15-20 bps from initial guidance. The coupon on the five-year sukuk is 2.665% and on th...

    Volume: 55
    Issue: 14
    Published at Mon, 02 Apr 2012

  3. Greece-Cyprus-Israel Energy MOU Postponed Indefinitely

    ...e export “on a non-exclusive basis” of 2-3mn tons/year of LNG starting in 2017.   MEES understands that the joint development of Cypriot and Israeli blocks is as yet undecided, since the Cypriot government would prefer to export its gas to European and not Asian destinations, despite the fa...

    Volume: 55
    Issue: 14
    Published at Mon, 02 Apr 2012