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Israel's Leviathan Hits Q1 Output Record As Expansion Plans Move Up The Agenda
...the block area, containing, according to the best assessment, over 2bn barrels of oil and more prospects are under maturation process,” the firm adds. In 2017, Ratio took a 20% stake in Block 47 off Suriname from operator, UK-based firm Tullow, which retains a 50% stake in the acreage. Here, Tu...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
Saudi Liquids Burn Falls To Four-Year Lows In Early 2021
...ar at an average of 705,000 b/d (see chart 1 and p18 for full data). Not since 2017, the first full year of operation for the 2.5bn cfd Wasit gas processing plant, has oil burn opened the year at such levels (MEES, 24 March 2017). However, as Saudi Arabia has implemented its 1mn b/d voluntary ad...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021 -
UAE Hydrocarbon Export Revenues Fell By 36% In 2020
...asure and was not that far below the recent low-point of $67.4bn in 2017. 1: THE UAE ECONOMY CONTRACTED FOR THE FIRST TIME IN 11 YEARS IN 2020 (REAL GDP GROWTH, %) ^PRELIMINARY CENTRAL BANK CALCULATION *CENTRAL BANK PROJECTION; SOURCE: UAE CENTRAL BANK, IMF, MEES. 2: UAE OIL & GA...
Volume: 64Issue: 16Published at Fri, 23 Apr 2021