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