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UN Libya Envoy Quits, Slams Squabbling Politicians
...sources since 2014, further stalling the much-anticipated elections originally slated for 2021 (MEES, 17 December 2021). In an effort to revive the electoral process, Mr Bathily set up a High-level Steering Panel for Libya to determine the electoral laws in spring 2023. But the initiative failed to br...
Volume: 67Issue: 16Published at Fri, 19 Apr 2024 -
Egypt’s Liquidity Crisis Sends IOC Receivables Bill Soaring Towards $3bn
...yptian independent EKH also grew in 2023, rising 38% year on year to $46.5mn, the highest end year total since 2014. The firm produces around 50mn cfd from the Tao and Kamose shallow-water fields north of the Sinai peninsula. While these amounts are nowhere near those owed by the big three, they re...
Volume: 66Issue: 16Published at Fri, 21 Apr 2023 -
Iraq Awards Mansuriya Gas Field To Sinopec
...%). Development was derailed by security concerns in 2014 as IS expanded in northern Iraq (MEES, 10 October 2014). Then, following IS’ ouster, disagreement on commercial terms with erstwhile operator TPAO pushed Baghdad to take over the field in 2018 (MEES, 3 August 2018). In October 2020, the ca...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
Qatar Invites EPC Bids For LNG Expansion
...ile Qatar is looking to bring IOCs in as partners – as is the case at the existing LNG facilities – QP is willing and able to proceed unilaterally if required (MEES, 19 October 2018). Since his appointment heading up QP in 2014 (MEES, 19 September 2014), Mr Kaabi has tightened commercial terms for IO...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
QP Enters Argentina
...sets, this covers blocks in Mexico and Brazil. Indeed, Brazil is a rare source of international production for QP. It has had a 24% stake in Shell’s 50% operated BC-10 deepwater block since 2014 which can produce around 98,000 boe/d (mostly oil). The latest Argentina move is in keeping with QP’s ef...
Volume: 62Issue: 16Published at Fri, 19 Apr 2019 -
Kuwait Presses Ahead With Development Plans, Eyes New Contract Model
...is, production had been around 500,000 b/d, of which 250,000 b/d was Kuwait’s share. Output would need to grow beyond those levels by 2020 if Kuwait’s target is to be hit, but merely a return to 2014-levels would be an achievement. This leaves all current capacity from the KOC fields: some 3....
Volume: 60Issue: 16Published at Fri, 20 Apr 2018 -
Iran South Pars Gas Output Soars 37% To Feed Domestic Hunger
...ich MEES estimates rose from 2.92mn b/d in January 2016 to 3.77mn b/d in March thanks to the lifting of sanctions. Much of these gains were thanks to gas injection at mature oil fields. Cedigaz estimates that in 2014 there was a 61bcm (167mn m³/d; 5.9bn cfd) shortfall in gas for injection. This is mo...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Iran Inaugurates Petchems Projects To Tap New South Pars Gas
...PE plants at Dehdasht and Kermanshah (MEES, 10 October 2014). Phase one of the ethylene pipeline involved installing 1,200km of pipeline with diameters ranging from 8-inch to 24-inch. A second phase of development, currently under way, will expand the system to 2,250km with capacity to deliver 2....
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Iran Aims For Bid Round By July To Speed Up IOC Return
...firms about investment in Iranian petrochemicals projects. The company has a backlog of 67 partially completed petchems projects with almost 46mn t/y of combined capacity. They were halted by a lack of funds and gas feedstock (MEES, 10 October 2014). “Iran needs $55bn for 60 projects in the pe...
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 -
PDO Accepts Oman Oil Ministry Challenge To Drive Push To 1mn b/d
...ny years about the 550,000 b/d [plateau], and now we’re ramping up,” PDO managing director Raoul Restucci said at the MOG’s annual media briefing in Muscat on 13 April. “We will increasingly present to you a 600,000 b/d plateau, not just for one year, but for…ten years.” Shell-led PDO, which in 2014...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Oman’s Offshore Hopes Take Hit With Total Exit
...ices were higher.” Oman is currently producing from just one of its seven offshore concessions – Block 8, which is operated by Middle East-focused Norwegian independent DNO. Output from Block 8 averaged 15,678 barrels of oil equivalent per day (boe/d) for 2014 DNO says: around 8,500 b/d oil, and 43...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Qatari LNG Faces Up To Uncertain Global Climate
...QATAR Qatari LNG Faces Up To Uncertain Global Climate With the global LNG market going through radical changes, Qatar is in no hurry to boost output. But it will have to adapt its approach to protect its revenue. Qatar’s LNG exports reached 76.37mn tons in 2014, down 2% from 20...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Qatar Gears Up For Growing US Condensate Exports, And Middle East Competition
...d of 2014 as the country favored cheaper coal and LNG for power generation. With the start of Barzan next year, Tasweeq will reach full export capacity in 2016. According to RasGas, Barzan will yield 22,000 b/d of field condensate and 6,000 b/d of plant condensate, as well as 34,000 b/d of et...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Kuwait’s Unstable Politics Slow Oil Sector Advances
...its, secondary units, and offsite and utilities – for the much-delayed $14.2bn, 615,000 b/d al-Zour refinery. State-refiner KNPC expects to choose winning bids by the end of 2014 and to sign contracts in early 2015. Al-Zour will yield about 215,000 b/d of fuel oil, allowing KNPC to replace volumes ph...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Baghdad, KRG Talks Stumble; Pipeline Still Out
...manding that the draft budget delete reference to the volume of crude oil that the Kurdish region is committed to export in 2014. Erbil says the budget should refer only to total Iraqi exports. The draft budget assumes oil exports of 3.4mn b/d for 2014 and commits the KRG to 400,000 b/d of the total. Bu...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
Gulf Keystone Secures Funding For Shaikan Development
...r general corporate purposes. The increase in Shaikan capacity from a second production facility is running behind schedule. GK had expected to reach its target in early 2014 after commencing commercial production in July last year at 10,000 b/d. The UK company has been marketing its share of...
Volume: 57Issue: 16Published at Fri, 18 Apr 2014 -
CNPC Kicks Off Halfaya Phase 2
...oject, the 535,000 b/d Halfaya development and partner with BP on the giant 2.85mn b/d Rumaila development - are spearheading the capacity drive.On 14 April, CNPC announced it had started construction of a 100,000 b/d, 60 well phase 2 for Halfaya. This is due to come on stream in “the second quarter of 2014...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Aramco Starts Up 900,000 b/d Manifa Field
... SAUDI ARABIA Aramco Starts Up 900,000 b/d Manifa Field State-owned Saudi Aramco has started production at its Manifa oil field three months ahead of schedule, it announced on 15 April. It will ramp up production to 500,000 b/d by July and 900,000 b/d by end 2014...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013 -
Gulf States Reveal Shale Gas Ambitions
...ploration the Zagros region of western Iran before the end of the current Iranian year (20 March 2013 – 20 March 2014). Oman First Past The Finish Line? Of the Gulf countries though, Oman is likely to be the first to tap such unconventional deposits. The country has for some years now been st...
Volume: 56Issue: 16Published at Fri, 19 Apr 2013