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Eni: $7bn For Iraq’s Zubair
...ly 270,000 b/d when Eni managed to renegotiate the field’s production plateau target (PPT) from 1.2mn b/d to 850,000 b/d in 2013 (MEES, 31 May 2013). Output hit 400,000 b/d in September 2016 following a production capacity increase to 660,000 b/d, encouraging Eni in early 2017 to set production ta...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
Drilling Firms Boost Mideast Operations
...ertook that of number two, Halliburton, but a 10% decline, “driven primarily by seasonality across most businesses”, saw it fall to $5.62bn and back into third place. SERVICES FIRMS 1Q19 REVENUE ($BN): REVENUES DIP QUARTER-ON-QUARTER BUT REMAIN FLAT YEAR-ON-YEAR *GE SUBSIDIARY SINCE JULY 2017...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
Sabic Boosts Transparency Ahead Of Aramco Takeover
...grow its petrochemicals footprint. As well as enabling the kingdom to squeeze additional revenue from its oil and gas output, Riyadh sees petrochemicals as driving future hydrocarbons demand growth. Meanwhile, Sabic’s agri-nutrients output has been up and down and metals output has rallied from a 2017...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
GCC Gas Burn Increasing To Power Aluminium Smelting
...en, which takes electricity from the second largest Saudi generator, SWCC with 7.81GW generating capacity, and the national grid. GCC aluminium production amounted to 4.8mn tons in 2017, equivalent to 7.9% of global output of 60.8mn tons. To power that output the GCC’s six aluminium complexes ge...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
Saudi Government Posts First Surplus Since 2014 In Q1
...rplus being unique for 2019. Indeed, Saudi Arabia does not plan on running a balanced budget until 2023, having decided in 2017 to abandon initial plans to balance the budget in 2020 at the behest of the IMF, which was concerned that the impact that such belt tightening would constrain economic gr...
Volume: 62Issue: 18Published at Fri, 03 May 2019 -
US Sanctions Hit Iran Hard
...eir return, as the mass protests in late 2017 and early 2018 highlighted (MEES, 19 January 2018). While the political leadership in the country is aware of the deficiencies in the economy, it has proven incapable of implementing suitable policies. ...
Volume: 62Issue: 18Published at Fri, 03 May 2019