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The Dragon Rises In The Middle East
...stream sector (MEES, 23 March). Conversely, China’s dependence on the Middle East for more than 40% of its oil imports (though this is down from 52% for 2014), means that the region is strategically crucial for Beijing. Having Chinese firms participating in the production of these imported volumes af...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Kuwait Energy: Could Stretched Finances Force Firm From Key Iraq Asset?
...The 2014 discovery of the 1.13bn barrel Faihaa field by Kuwait Energy was the biggest exploration success of Iraq’s post-2009 upstream opening. But plans to develop the field to 250,000 b/d by the mid-2020s are threatened by an onerous debt burden. Iraq has been the great success st...
Volume: 61Issue: 21Published at Fri, 25 May 2018