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Iran Dreams Of Future Upstream Boom, Eying IOC Return Should US Deal Be Reached
...ich signed up to the giant South Pars gas field’s Phase 11 project (MEES, 23 July 2017). Tehran failed to capitalize on the interest, electing for lengthy negotiations, qualification processes and unrealistic ‘technology transfer’ demands, and ultimately lost investor confidence (MEES, 22 December 2017...
Volume: 68Issue: 17Published at Fri, 25 Apr 2025 -
KRG: Foreign Firms Press On Amidst Uncertainty
...rlier (the vast bulk is from the KRG which accounted for 96% of 2017 output, MEES, 23 February). “We have the wind on our back…With higher oil prices [and] timely export payments in Kurdistan,” DNO Executive Chairman Bijan Mossavar-Rahmani says. DNO plans to hike KRG spending by 50% to $250mn for 20...
Volume: 61Issue: 17Published at Fri, 04 May 2018 -
Lebanon's Gas Hype: Is It All Hot Air?
...e Lebanese Petroleum Administration (LPA) toward tendering a second bidding round. Lebanon’s first ever round ultimately offered only five of the total ten blocks delineated in 2013 (MEES, 20 October 2017). There was just one bidder, albeit a consortium consisting of three heavyweights (Total 40...
Volume: 61Issue: 17Published at Fri, 27 Apr 2018 -
Saudi Vision Dims With Benefits Climbdown
...own Prince Muhammad bin Salman (MEES, 10 June 2016). Finance Minister Muhammad al-Jad’an says that the cuts’ reversal was recommended by Prince Muhammad himself, following the improvement of state finances. Deputy Economy Minister Muhammad al-Tuwaijri says the country’s Q1 2017 deficit was SR...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
Prince Muhammad’s Vision 2030: Far Sighted Or Over-Ambitious?
...l giant Saudi Aramco, scheduled for 2017. He expects this to value the company at $2-3 trillion. The IPO will be floated on the Saudi stock market, but there are ideas of offering the Aramco shares outside Saudi Arabia, potentially via a New York-based fund. Thus Aramco will be transformed from an...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016 -
Firms Face Up To Mounting Libya Write-Offs
...pairment – rated the chances of a full resumption of operations on 1 January 2016 and 1 April 2017 at 50% each. TOTAL’S LIBYA OUTPUT (‘000 B/D, NET) 2010 2011 2012 2013 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015