1. Algeria Inks E&P MoUs

    ...omising discoveries in Libya until it quit the war-torn country in 2017. The Turkish state firm is also currently causing headaches for Cyprus with its ‘exploration activities’ in the eastern Mediterranean (see p3).  ...

    Volume: 63
    Issue: 16
    Published at Fri, 17 Apr 2020
  2. Israel Contracts Ge For Power Plant Upgrade

    ...ectricity in 2018 compared with 54% in 2017. US independent Noble Energy is expected to bring the Leviathan field online in the fourth quarter this year, while Greece’s Energean is due to start up output from the Karish field in Q1 2021 (see p3): both are keen to ink more sales deals....

    Volume: 62
    Issue: 16
    Published at Fri, 19 Apr 2019
  3. Tunisia Clinches Imf Loan Deal

    ...shington DC where the government and IMF staff agreed on steps to ensure that the “budget deficit target of 3.9% of GDP (before grants) for 2019 can be met to contain the high debt and elevated financing needs.” In 2018 the fiscal-deficit-to-GDP came in at an estimated 4.6%, down from 5.9% in 2017. Facing su...

    Volume: 62
    Issue: 16
    Published at Fri, 19 Apr 2019
  4. More Debt For Jordan’s Nepco

    ...e country’s practice of heavily subsidizing electricity, most of which is generated through gas imports. MEES estimates Jordan’s total spending on energy in 2018 exceeded $5bn, up from $3.42bn in 2017 (MEES, 30 November 2018). In December Nepco signed a $265mn concessionary loan with the EBRD to re...

    Volume: 62
    Issue: 16
    Published at Fri, 19 Apr 2019
  5. Algeria: Touat Nears Start-Up

    ...d the last to start up. Repsol’s 2.7bcm/y Reggane saw first gas at end-2017 (MEES, 22 December 2017) and Total’s 1.8bcm/y Timimoun in February (MEES, 2 March). Delays at Touat have likely put paid to Algeria’s hopes that 2018 production would top the last two years of record gas output (94.8bcm for 20...

    Volume: 61
    Issue: 16
    Published at Fri, 16 Nov 2018