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Can Iran’s Nuclear Power Program Offset Surging Consumption?
...ngthy delays, Bushehr-1 began supplying Iran’s grid in 2011, and typically supplies around 6TWh annually. Officials subsequently announced plans for two additional plants at Bushehr (bringing the total there to four), as part of a broader plan to generate 20GW from nuclear alone by 2030. 15 years on fr...
Volume: 68Issue: 21Published at Fri, 23 May 2025 -
Iraq: China’s Jereh Inks Mansuriya Contract
...pex is pegged at $992mn for the first three years of the contract. The signing is intended to turn a page on the long-delayed development of Mansuriya. Originally awarded in 2011 to a consortium led by Turkey’s TPAO, Baghdad relinquished the license after commercial terms disagreements following th...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Russia’s Gazprom Seeks North Africa Expansion
...e years running up to the 2011 revolution. But production has been badly hit by years of instability (see chart). Last year, SOO output was entirely shut-in for eight months during a forced nationwide oil blockade led by an eastern-based warlord (MEES, 25 September 2020). Tumanov says that SOO pl...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Eni Offshore Egypt: Two Steps Forward, One Step Back
...ars ago having peaked at 2.05bn cfd, almost 35% of Egypt’s gas output in 2011. But the two firms got a boost to their overall regional output with the 2017 start-up of the 1bn cfd Nooros field in the Abu Madi West concession (Eni 75%, BP 25%). But it was Zohr, which started up at the end of 2017, pr...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Saudi Gasoline, Jet-Kero Consumption Slumps In Lockdown
...abia gasoline and jet-kerosene consumption plunged in March as large parts of the economy were shuttered in response to the Covid-19 pandemic. Consumption of gasoline collapsed to its lowest level since August 2011, when the kingdom’s population was some six million less than current levels. The la...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Egypt’s Offshore Delta Output: Nooros Boost, Rapid Decline
...ing finalized by BP and Eni.” The plan is for the field to be developed as a tie-in to the existing Ha’py infrastructure and to “build on BP’s success in the Atoll project” where the firm produces 300mn cfd. The 2011 Salmon discovery, also on the North el Burg offshore license, is “currently under ev...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Tunisia Struggles To Halt Oil And Gas Decline
...ocessing facilities that serve its Cercina, El Hajeb/Guebibba, Rhemoura and Gremda/El Ain concessions, bought from OMV in 2018. Output was 3,900 b/d for Q1, down from 2018’s 4,100 b/d. Mr Feriani hailed the fact that the number of exploration permits granted has reached 30 for the first time since 2011...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Cyprus Says Drill Plans Unchanged
...used us to think a little bit more about the geological concept. It’s led us to think about other development opportunities in Block 10 (MEES, 15 March).” It’s unclear where the minister envisages well number eight. US firm Noble Energy plans an appraisal well at the 4.2tcf 2011 Aphrodite di...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Egypt Gas Output At Record Levels As Cairo Launches Bid Rounds
...l Minister Tarek El Molla said current output is running at 5.9bn cfd. Egypt’s output could in the coming months top the previous all-time high of 6.219bn cfd set in December 2011. Zohr is on course to reach output of 2bn cfd by end-2018 and full plateau output of 2.7bn cfd in 2019, Eni says. Zo...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
GCC Grid Increasingly Used For Power Trading, But Volumes Small
...nks between the six GCC member countries, reports increased use of its grid for electricity trading rather than only for exceptional transfers to prevent local supply outages. Although the GCCIA briefly experimented with trading in 2010 and 2011, it is only more recently that planned transfers of el...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Egypt: Economic Gains Threatened By Record Import Bill
...bounded from 2015-16 terrorist attacks, which came as numbers were already depressed by instability in the wake of the February 2011 ‘Revolution’. Revenues of $2.2bn for 1Q 2018 are up almost 70% year-on-year, though arrivals remain well down on the immediate pre-Revolution year of 2010, when the country ea...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Libya Oil Output Set For Three Year High
...output cut of 1.2mn b/d agreed in Algiers in November 2016 (along with a 558,000 b/d production cut by non-Opec oil producers), which began on 1 January and was due to run until 30 June. Given that Libya’s output is still barely half the 1.6mn b/d it was producing prior to the 2011 revolution, it...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Opec Output Cuts Extended But Market Relevance Wanes
...ters. Its production of around 280,000 b/d, minus some 10,000 b/d of cuts brings the implied Opec target to 32.05mn b/d. OPEC^ 2017 OIL EXPORT REVENUES SET TO FALL SHORT OF 2015 LEVELS ($BN) 2011 20...
Volume: 60Issue: 21Published at Fri, 26 May 2017 -
Tunisia Bags $2.9bn Loan
...sinesses. . As the first country to usher in the Arab Spring in 2011, Tunisia is struggling to cope with the political and economic transition, as the tourism industry collapsed with terrorist attacks and the inflow of refugees from neighboring Libya. Since 2011 Tunisia has been an abundant source of supply of...
Volume: 59Issue: 21Published at Fri, 27 May 2016 -
Egypt’s $25bn Russian Nuclear Loan Raises Questions Of Economics And Transparency
...shehr-1 1 1 3.5 Start-up 2011, operation intermittent until 2013 Bushehr-2,3 2 2 11 Rosatom to build for start-up 2023, 2025 UAE Barakah 5.6 4 20 Under construction by Kepco. All du...
Volume: 59Issue: 21Published at Fri, 27 May 2016 -
Siemens Rolls Out First ‘Made In Ksa’ Gas Turbine
...Jazan on the Red Sea coast in the kingdom’s remote southwestern region. The turbine was built at the Siemens Dammam Energy Hub, which is the kingdom’s first gas turbine manufacturing plant and “the largest in the Middle East.” The plant was built under a 2011 agreement with Aramco and el...
Volume: 59Issue: 21Published at Fri, 27 May 2016 -
Wintershall Exits Qatar Gas Block
...st. It comes as the German oil and gas company is struggling to maintain its output in Libya, where it produced up to 100,000 b/d of crude oil before the February 2011 revolution. Output has been erratic since and Wintershall has said that it does not see a return to pre-crisis production levels this ye...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
South Sudan: Remaining Oil Output Under Threat
...velopment (IGAD) going nowhere, and the crisis showing few signs of abating, the focus has once again turned to South Sudan’s oil fields, the country’s main revenue earner. Oil production is down from around 245,000 b/d pre-conflict, and 347,500 b/d in the second half of 2011, immediately after the So...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Companies Scale Back Libya Expectations
...nce 2011 (MEES 24 April). The impairments “mainly related to the deteriorating security situation this quarter,” said Total’s chief financial officer, Patrick de la Chevardiere, in a conference call on 28 April. “We have fully impaired our onshore fields in Libya, which is most of the charge, as we...
Volume: 58Issue: 21Published at Fri, 22 May 2015 -
Tunisia: Hope Tempered By Strikes And Unemployment
...gures 2010 2011 2012 2013e 2014p 2015p GDP growth (%) 2.6 -1.9 3.7 2....
Volume: 57Issue: 21Published at Fri, 23 May 2014