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Cairo Hopes To Garner New Interest In Old Acreage
...rata – so they may yet see promise in seemingly well-worn acreage. Eni’s key Western Desert output comes from the 54,000 b/d Melehia permit where output has ramped up rapidly since mid-2012 when Eni first tapped the field’s deep formations. Apache produces around 30,000 b/d from the 2014 Ptah and Be...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi Products Records Tumble With Europe The Target Market
...fineries since 2014 – both now running at full capacity – and crude output remaining at near-record highs of over 10.2mn b/d, records for the country’s products output and exports continue to tumble. Crude throughputs at the country’s refineries hit a record 2.571mn b/d in the first quarter, with 2....
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Suez Canal Oil Data (‘000 B/D)
...NORTHERN OIL SHIPMEMTS HAVE DOUBLED SINCE 2011 TO AVERAGE 2MN B/D SINCE 2Q 2014... ...WITH SEASONAL RECORDS SET FOR EACH OF THE LAST THREE QUARTERS (MN B/D) NORTHBOUND PRODUCTS SHIPMENTS, DIESEL IN PARTICULAR, HAVE LED THE WAY. 1.2MN B/D OF SAUDI AND UAE RE...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Iran Taps China For $1.5bn Refinery Upgrade, Warns Over Lack Of Upstream Progress
...is work at $3.6bn – significantly more than the figure quoted by Mr Zanganeh, which suggests that a less rigorous culling of ageing equipment is currently envisaged (MEES, 23 May 2014). The Abadan refinery MoU takes to six the number of Iran’s post-sanctions downstream deals. In refining Iran has li...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi Edges Up Capacity, Looks To IPPs For Boost
...mand was 62.3GW, compared with 56.6GW in 2014. Recently-ousted electricity minister ‘Abd Allah a-Husain predicts that demand will reach 90GW in 2022. SEC spent SR29bn ($7.73bn) on new generating, transmission and distribution capacity in 2015. New units came online at the PP12 combined cycle gas tu...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
EBRD In $530mn Egypt & Jordan Solar Boost
...nd farm and solar projects in Morocco (MEES, 24 October 2014)....
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Libya Output Down, Risk Of Further Collapse
...rminal. The largest oil export outlets remain shut – 450,000-b/d Es Sider and 250,000 b/d Ras Lanuf, both on Libya’s central Gulf of Sirte since December 2014, and 250,000 b/d Zueitina to the east for most of the past two years (MEES, 6 November 2015). There were a few moments in 2015 when Tripoli’s NO...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi Gas Expansion Plans Progress With Tender Award
...oduce 1.7bn cfd sales gas. Wasit was initially planned to come online in 2014, but high sulfur levels at Hasbah and the Arabiyah field led to this slipping to 2016. Saipem’s firsthand experience of dealing with these issues had appeared to leave it well positioned, but it could have lost out on co...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Saudi 2030 Plans: Turning The Vision Into Reality
...ort-term benefit is the generation of revenue, which will help reduce concerns over the pace at which foreign exchange reserves are being drawn down and government debt is towering up. Foreign Reserves dropped from a peak of $731bn in August 2014 to $576bn as of March 2016. Moody’s forecast reserves de...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Iran Gets Sound Advice From IMF, But Will It Be Heeded?
...e Central Bank of Iran (CBI) Valliolah Seif, liquidity rose by 30% in 2014 from 23% in 2013. Mr Seif says that under sanctions Iran’s banks failed to keep up with their international peers: they need to reintegrate and comply with international standards. The government and CBI intend to su...
Volume: 59Issue: 20Published at Fri, 20 May 2016