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Flaring Advances Ignite Iraq’s Gas Sector
...16 (MEES, 24 July 2015). Iraq is therefore looking beyond its borders to source additional supplies of gas. Specifically it has signed two deals with neighboring Iran to import up to 20 bcm/year of gas through two pipelines over six years. The first deal, signed in 2011, was meant to have st...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Libya Lays Out Plans For Output Hike
...ere through some maintenance. The Elephant field has capacity of 90,000-100,000 b/d.” The Sharara fields, on Blocks NC-115 and NC-186, produced up to 340,000 b/d prior to 2011, and were producing an average of 300,000 b/d in 2012, but output in 2014 averaged just 78,000 b/d, and it has been zero si...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Obama Looks To Mend Fences In Riyadh
...s not a direct attack on Saudi Arabia, but a call for a more collaborative approach to regional security. Recalling pressure for the US to intervene in Libya in 2011, Mr Obama told The Atlantic’s Jeffery Goldberg that he wants “Europeans and Gulf countries to be actively involved in the coalition.” Th...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Eni: Unlikely Libya Boost Returns North Africa To Center Stage
...ospects, located in contractual area D (MEES, 14 August 2015). The firm is responsible for gas supply to Libya’s power generation infrastructure and for gas exports via the Greenstream pipeline to Italy. Shipments last year rose to 688mn cfd, the highest level since the 2011 ouster of Mu’ammar al-Qa...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Corporate Profile: OMV Looks To Iran To Re-Boot MENA Portfolio
...eitina fields it shares with US firm Occidental. At the time Libya provided almost 20% of OMV’s oil output making it the firm’s third most productive upstream province. But output collapsed to just 10,000 b/d in 2011 with the Libyan revolution. As with other producers in the country, hopes that a 2012 ou...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Imports Of Iranian Crude & Condensate Rise Strongly; But Is It Sustainable?
...• South Korea imported 243,000 b/d from Iran in March. Though this was down a touch on February’s 267,000 b/d it marked the third straight month over 200,000 b/d with first quarter imports from Iran at the highest quarterly level since Q3 2011, just before sanctions were tightened (see p21 fo...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
South Korea 1Q16 Crude Oil & Condensate Imports ‘000 B/D: Iran Volumes Double To Highest Level Since 2011
...SOUTH KOREAN CRUDE IMPORTS FROM IRAN IN 1Q16 BACK AT 2011 LEVELS FOLLOWING SANCTIONS REMOVAL (‘000 B/D)...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016