1. Majors’ Russia Exit Puts Spotlight On Mena Portfolios

    ...om its role at the onshore Wafra field located in the Saudi-Kuwaiti Partitioned Neutral Zone (PNZ), where it partners Kuwaiti state firm KGOC in a 50:50 JV. Last year represented the field’s first full year of production after being completely shut-in between late 2014 and February 2020 (MEES, 14 Ja...

    Volume: 65
    Issue: 18
    Published at Fri, 06 May 2022
  2. Yemen’s Two-Month Truce Revives LNG Export Hopes

    ...vernment’s “demand for adjustment of revenue shares.” According to a 2018 report by Yemen’s ministry of planning, the country’s share of Balhaf’s gas sales reached $753.5mn in 2014 while Mr Pouyanné says that the “cash flow per year of Yemen for TotalEnergies” was “around $1bn” in 2015. With some 80% of Ye...

    Volume: 65
    Issue: 18
    Published at Fri, 06 May 2022
  3. Saudi Arabia Pledges To Invest Oil Export Windfall In Economic Reforms

    ...P in the first quarter of the year growing at the fastest pace since 2011. Unsurprisingly, the surge has been driven by resurgent oil markets, as the fallout from Russia’s 24 February invasion of Ukraine has pushed oil prices above $100/B for the first time since 2014. The kingdom launched its Vi...

    Volume: 65
    Issue: 18
    Published at Fri, 06 May 2022