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New Saudi Minister Faces Task Of Turning Vision Into Reality
...ise overall capacity (MEES, 26 February). The delayed expansion of the Khurais oil field – initially scheduled for 2017 – remains on course for finalization in 2018. Capacity here is slated to increase by 300,000 b/d to 1.3mn b/d. In the longer term, Mr Falih will play a key role in driving fo...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
Iran Output Rebound Sets Stage For Saudi Stand-Off In Vienna
...16 contract, prices which imply an average value of $45/B for 2016 as a whole. The EIA report cited stronger than expected economic data as a key contributory factor. This has led the EIA to revise global demand projections upwards by 0.3mn b/d and 0.2mn b/d for 2016 and 2017 respectively, le...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
KRG Exports Rise With Boost From New Fields, But Takings Fall
...obable (2P) reserves were sharply downgraded in February (MEES, 4 March). Meanwhile, London-listed Gulf Keystone Petroleum (GKP) plans to produce 41,000 b/d by year-end at the Shaikan field, from around 35,000 b/d currently, but is hamstrung by more than $575mn worth of bonds maturing in 2017. It failed to...
Volume: 59Issue: 19Published at Fri, 13 May 2016