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Libya ‘Open For Business’ As Bid Round Eyes Global Majors
...pecting to award the new contracts during the last week of November. In terms of eligibility, many small and medium companies – including several that were operating in Libya prior to the 2011 civil war – were left disappointed after realizing during the presentation that they do not meet the minimum op...
Volume: 68Issue: 15Published at Fri, 11 Apr 2025 -
Eni In Libya: What Does The Future Hold?
...w much clearer. Eni’s net gas output slumped by 42% to 594mn cfd, while liquids production fell 45% to just 56,000 b/d in 2020. Both figures are lowest since the 2011 revolution. Of course, Eni’s output fell elsewhere too as capex cuts, lower gas demand in Egypt and Opec restrictions bit in 20...
Volume: 64Issue: 15Published at Fri, 16 Apr 2021 -
Neutral Zone Restart: 2mn Barrels Exported
...nopec has a 400,000 b/d refinery. Sinopec also has substantial crude storage facilities at Maoming, having completed a 12mn barrel facility there in 2011. After Dar Salwa had left, the Monte Toledo Suezmax tanker then loaded another 1mn barrel cargo of Khafji crude and departed on 8 April. Monte To...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Saudi Arabia Extracts Huge Cut Commitment From Russia
...its lowest level since 2015, the UAE would be the lowest since 2013, Saudi Arabia since 2011 and Kuwait would be producing at its lowest level since 2010. GULF GIANTS SHOWCASE STRENGTH If there is a clear winner from the planned agreement, it is Saudi Arabia. While the bulk of th...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Syria Emerges As Iran’s Top Crude ‘Customer’
...TTER OF SURVIVAL Iran’s Syria crude trade was never supposed to be about economics – rather it was about keeping key ally President Bashar al-Assad in power. And for Mr Assad, the Iranian credit line to import free crude was a matter of survival. Prior to the outbreak of war in 2011, Sy...
Volume: 63Issue: 15Published at Fri, 10 Apr 2020 -
Sudan’s Bashir ousted
...rocities committed in Darfur. This is hardly the change that the Sudanese protesters have been clamoring for. Mr Bashir was also the last president to govern a united Sudan, after the south, along with the majority of the country’s oil production, became independent in 2011. Sudan produces around 95...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Tunisia Fuel Hikes Increase Pressure On Government
...rch). Economic malaise has been the norm since the 2011 revolution overthrew dictator Zine al-Abidine Ben Ali (MEES, 16 November 2018). In the years since, inflationary pressures have wreaked havoc with peoples’ purchasing power and the unemployment rate at over 15% has barely moved in the last six ye...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Battle For Tripoli Rages On
...far, no disruption has been reported. GREATEST THREAT In a meeting with GNA prime minister Fayez Sarraj, NOC head Mustafa Sanalla said oil and gas exports face their greatest threat since 2011. He also told the Financial Times on 11 April: “Unless the problem is solved very quickly, I am...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
UAE’s Mubadala Sells Cepsa Stake To Investor Carlyle
...id €3.97bn for the remaining 52.95% in 2011. IPIC was then merged into Mubadala in 2017 (MEES, 24 February 2017). This left Cepsa sitting alongside a host of other energy-focussed Mubadala investments, including its subsidiary Mubadala Petroleum. Holding two wholly-owned energy entities with se...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Egypt ‘Zohrs’ Past Libya As Eni’s Top Gas Producer
...e lowest figure since the Revolutionary year of 2011 (MEES, 11 January). Eni has plans to boost its gas production offshore Libya through the development of peripheral fields (MEES, 29 March). But overall Eni expects its Libya output to fall over the coming years (MEES, 13 April 2018) as the fi...
Volume: 62Issue: 15Published at Fri, 12 Apr 2019 -
Eni Plans For Libya Output Drop
...2011, falling to about 260,000 b/d in 2017. Or maybe he is talking about crude only, where again the decline has already taken place: gross capacity from Eni-operated fields fell from about 305,000 b/d in 2010 to 210,000 b/d in 2017. “For 8 years, we had very good [output], but we didn’t in...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
UAE’s Nuclear Power Mirage Slips Further Away
...ys Barakah-4 construction is around two-thirds complete, with the next phase being the transition from construction to testing. SECOND IN LINE The Barakah plant will eventually become the Mena region’s second operational nuclear power plant, following the start-up of Iran’s Bushehr-1 plant in 2011...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Lebanon: Can Donor Conference Success Right The Ship?
...esent problem since. Since 2011, the war in neighboring Syria has crippled economic growth (see chart), stunting the 9.2% average annual growth from 2007-2010 to a paltry 1.7% from 2011-2017 (see chart 2). With a bloated public sector, subsidized (yet inadequate) utilities and corruption a problem ev...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Oman LNG Records Rare Output Rise, But Revenue Falls Regardless
...creased supply of gas however was a more notable development demand for power generation actually fell. Gas supplied to the sector rose 1.9bcm over the five years from 2011-2015, but fell 0.33bcm last year to just under 8bcm (see table). Concerns that demand growth was outstripping supply have pr...
Volume: 60Issue: 15Published at Fri, 14 Apr 2017 -
Kuwait Seeks More LNG, Strives To Hike Domestic Gas Output
...ns in 2011 (MEES, 8 April). Initially, LNG was considered a stop-gap solution for addressing Kuwait’s rocketing gas requirements for power generation, though it turned into a more “economic and environmental” option, KNPC CEO Muhammad al-Mutairi commented at the Fourth Kuwait Oil and Gas conference th...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016 -
Libya Unity Government Faces Huge Challenges
...rack Obama described the failure to properly prepare for the 2011 ousting of Libyan leader Colonel Mu’ammar al-Qadhafi as the greatest error of his presidency, the new Western-backed government in Tripoli faces huge challenges if it is to establish its legitimacy in the conflict-torn country. Asked in...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016 -
Saudi Comes To Egypt’s Rescue Again Signing $55bn-Plus Of Deals
...ighbors around them. Egypt as a transition state after the 2011 revolution is in need of all the financial and economic assistance that Saudi Arabia can afford to help in reviving its ailing economy. As collated from various sources, Egypt has signed agreements and MoUs worth some $55bn, although a co...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016 -
End Of The Road For Cyprus ‘Gas Hub’ Dreams
...und a population high on gas. Aphrodite gas to be precise. A month earlier, on 28 December 2011, US firm Noble Energy had announced that it had struck gas with the first ever well drilled offshore Cyprus, on Block 12. In something of a reversal of the normal procedure, the island’s politicians had al...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Sudan’s Oil Plans Set To Fall Victim To Reality
...st to former civil war foe South Sudan, when it broke away in 2011. On South Sudan’s secession in July 2011, Sudan conceded not only its crown as Africa’s biggest country, but also around three-quarters of its then 470,000 b/d oil production to the south – dealing a huge blow to its heavily oil-de...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Libya’s NOC Could Be Split By Baida Power Grab
...ARTUP IMMINENT The Eni-operated Bu Attifel fields on Blocks NC-100 and NC-125 in the far east of the Sirte Basin may be close to a resumption in output, according to a report in the local Libya Herald on 5 April. Prior to the 2011 unseating of Gaddafi, the field had capacity of 95,000 b/d, but this ha...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015