1. Qatar Restarts Gas Expansion Plans As Iranian Output Of Shared Field Soars

    ...rrently planned to begin operations this year. ExxonMobil has a 7% stake and its 2016 Operational Review lists Barzan with its planned 2017-18 startups. Along with the 1.4bn cfd of natural gas, Barzan is also expected to provide Qatar with 22,000 b/d of field condensate, 6,000 b/d of plant condensate, 20...

    Volume: 60
    Issue: 14
    Published at Fri, 07 Apr 2017
  2. Egypt Tenders Wind Project As Three Megaprojects Begin Supplying Grid

    ...NSTRUCTION Project (contractor, online): GW Fuel Beni Suef (Elsewedy, 2017-20) 4.80 Gas Bu...

    Volume: 60
    Issue: 14
    Published at Fri, 07 Apr 2017
  3. Temporary Outages Help Opec Inch Closer To Target

    ...TPUT STILL 190,000 B/D ABOVE TARGET* (MN B/D) *TARGET OF 31.78MN B/D BASED ON DECEMBER AGREEMENT OF 32.5MN B/D MINUS INDONESIA, WHICH HAS SUSPENDED ITS MEMBERSHIP. SOURCE: MEES.   OPEC WELLHEAD PRODUCTION, MARCH  2017 (MN B/D, MEES ESTIMATES)   *INCLUDES SHARE OF NEUTRAL ZO...

    Volume: 60
    Issue: 14
    Published at Fri, 07 Apr 2017
  4. Return Of Iranian Crude Makes Big Splash In Europe

    ...bstantially higher figure this year, although 2011’s volume looks set to elude it. 2017 has got off to a relatively strong start according to initial results. Spain was the third largest EU buyer of Iranian crude last year with 49,900 b/d (see chart 2) and in January it lifted more than twice this at 91...

    Volume: 60
    Issue: 14
    Published at Fri, 07 Apr 2017
  5. Egypt Receivables: A Glass Half Full Or Half Empty?

    ...ll of $396mn (47%) from the end-2015 figure of €771mn ($837mn), with the total down almost $500mn over two years (see table). “The residual amount outstanding at the reporting date has been further reduced by a payment dated January 2017 amounting to $240mn (€228mn).” BP, is more coy; its latest an...

    Volume: 60
    Issue: 14
    Published at Fri, 07 Apr 2017
  6. BP Egypt Output: Only Good News?

    ...nual report released 6 April, also flags up the Nooros field on the Abu Madi West block split with Eni (75%, BP 25%) in the shallow offshore Nile Delta as a key 2016 success. Output here hit plateau levels of 875mn cfd gas and 7,000 b/d condensate in January 2017, less than 18 months after discovery, BP...

    Volume: 60
    Issue: 14
    Published at Fri, 07 Apr 2017
  7. Egypt Foreign Reserves Hit Six-Year High But Still Long Way To Go

    ...e country. The governor also says that the improved financial situation has helped the balance of payments as non-oil exports rose and remittances from Egyptians overseas increased.   DRAFT BUDGET APPROVED Egypt’s cabinet on 29 March approved a draft budget for the 2017-18 financial year, wh...

    Volume: 60
    Issue: 14
    Published at Fri, 07 Apr 2017
  8. Kuwait Plans To Double Debt Ceiling To $66bn

    ...s debut Eurobond offering which was three times over-subscribed. Despite the appetite for Kuwaiti debt, the offering was less than the $10bn expected (MEES, 17 March). Mr Salih said the amount raised covered the majority of Kuwait’s financing needs from international markets for 2017. Even under the cu...

    Volume: 60
    Issue: 14
    Published at Fri, 07 Apr 2017