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KRG Signs US Firms Up To New Gas Development Contracts
...rchased by US Crest Energy International in 2017 and taken private (MEES, 2 June 2017). “I’m very pleased to be here again back in Washington, especially to witness and monitor the signing of these two very important deals. Both companies, HKN and WesternZagros, have been operating in Kurdistan for ma...
Volume: 68Issue: 21Published at Fri, 23 May 2025 -
Can Iran’s Nuclear Power Program Offset Surging Consumption?
...om their 20GW plan, Iran will be lucky to hit 10% of that mark. According to the International Atomic Energy Agency (IAEA), the only other plant currently under construction in Iran is the 915MW Bushehr-2 plant. Construction began in 2017 with Russian state firm Rosatom at the helm (MEES, 31 Ma...
Volume: 68Issue: 21Published at Fri, 23 May 2025 -
Iraq Bidding: Shell & Adnoc Locked Out By Inflexible Criteria
...ar, the firm declared commerciality on its 2017 Eridu discovery on Block 10 in nearby Dhi Qar province (MEES, 10 March 2023) with plans for 30,000 b/d pilot production in 2027. Reaching that milestone took two years after submitting a development proposal, leaving Lukoil and its Japanese partner Inpex di...
Volume: 67Issue: 21Published at Fri, 24 May 2024 -
Offshore Med & Nile Delta Blues Continue For Egypt Gas Output
...shore Nile Delta, is in even worse shape. Q1’s output of 510mn cfd marked a seven-year low, whilst losses of 3% versus Q4 marked the sixth consecutive quarter on quarter fall to leave output 62% below Q3 2017’s peak 1.36bn cfd (see chart 1). WHAT GOES UP… Back in 2017 the key Ni...
Volume: 66Issue: 21Published at Fri, 26 May 2023 -
Egypt Renewables Plans Pick Up Pace
...lar park in southern Egypt in 2017 (MEES, 1 November 2019). And wind capacity is set to surge ahead of solar in the coming years with 2.1GW of planned capacity at various stages of development, with just 700MW of solar planned. SHIFTING FOCUS Cairo has shifted from prioritizing co...
Volume: 65Issue: 21Published at Fri, 27 May 2022 -
Shell Egypt Slump Opens The Door For Chevron
...ft Shell-predecessor BG unable to meet its export commitments from the 7.2mn t/y ELNG export terminal which adjoins the WDDM processing facilities at Idku (MEES, 7 February 2014). Even the addition of UK major BP’s West Nile Delta (WND) project from 2017 wasn’t enough to reboot LNG exports. This pr...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Libya Advances Power Projects
...ectric of the first unit for its 650MW Tobruk gas turbine plant. Such developments are the result of a brightening political and security outlook after years of division and war (MEES, 12 February). Contracts for both plants were initially signed in 2017 but construction was put on hold due to fi...
Volume: 64Issue: 21Published at Fri, 28 May 2021 -
Kurdistan Producers Bullish on Field Plans After KRG Payments
...cent record-setting production figures, output has remained below that of the nearby Atrush block (Taqa 47.4%op, Shamaran 27.6%, KRG 25%). Atrush is one of the newest producing fields in Kurdistan, having only started up in 2017, but updates from Canadian minnow Shamaran show that production from the bl...
Volume: 63Issue: 21Published at Fri, 26 Mar 2021 -
KRG Oil Sector Risks Unwinding In 2020
...evitable (see box, p3). The current situation is the most perilous the KRG has faced since Baghdad reclaimed swathes of territory in the aftermath of the ill fated September 2017 referendum on independence (MEES, 29 September 2017). Oil prices have crashed so far that revenues now fall well short of th...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Low Cost Qatar Targets Counter Cyclical Investment
...cess cargoes, prices there are just as weak (MEES, 1 November 2019), and as a result export revenues had plunged to their lowest level since 2017 (MEES, 1 May). Cutting volumes below Qatar’s 77mn t/y capacity could provide a price-boost, but QP doesn’t intend to provide a helping hand to rival pr...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Eni Offshore Egypt: Two Steps Forward, One Step Back
...gust has been exacerbated by the effect of Covid-19. March saw just 3.00bn cfd burnt in power generation, a three-year low. Overall Egyptian gas demand remained flat quarter-on-quarter at 5.65bn cfd but down 8% on Q3 2019’s peak 6.17bn cfd (see chart 3). Up until 2017, the majority of Eni’s Egypt ga...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Saudi Prioritizes Core Markets As Crude Exports Drop
...ich is actually down from around 1.9mn b/d in April. Volumes shipped to No.2 buyer Japan have soared in early May. They are now running China relatively close at more than 1.5mn b/d. The most that Japan has ever imported from Saudi Arabia over the course of a month was 1.44mn b/d in February 2017...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Saudi Gasoline, Jet-Kero Consumption Slumps In Lockdown
...ril and May. The lowest figure in Jodi’s records is 246,000 b/d from January 2002. Saudi gasoline consumption had been falling previously anyway. Having peaked at 599,000 b/d for 2017, price increases in 2018 as part of watered-down measures to ease subsidies resulted in two consecutive annual de...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Asian LNG Pricing: Term Premium Set To Collapse
...e set to finally slump in June, and then further in July and August as lower oil prices fully work themselves through into LNG contracts. *Japan and Korea, long the two largest LNG importers (Japan remains global number 1, Korea was overtaken by China in 2017) are the two with the highest le...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Mena Renewables Projects Tap Chinese Funding
...the Gulf power sector. But Silk Road is not the only China-based investor (see table 2). In 2017 a consortium of Chinese state banks led by state credit guarantee agency Sinosure fronted $1.6bn of the $2.1bn cost of Jordan’s 554MW Attarat oil-shale-fired power development (MEES, 28 April 2017...
Volume: 62Issue: 21Published at Fri, 22 May 2020 -
Algeria’s Revised 2020 Budget: More Questions Than Answers
...rex reserves which had already fallen to $60bn by the end of March, just 30% of their level six years earlier (MEES, 1 May). President Abdelmadjid Tebboune has ruled out both foreign debt and the country’s previous ruse of printing money (MEES, 13 October 2017) as a way of financing the fiscal de...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
BP: New North Africa Chief
...me online in March 2017. Together with a 10% stake in Eni’s giant Zohr field (see p6) WND helped boost BP’s net Egypt gas output to a record 952mn cfd for 2019. The North Africa total was 1.14bn cfd including 86mn cfd from Algeria. Oil output was 49,000 b/d (34,000 b/d Egypt, 15,000 b/d Algeria). Bu...
Volume: 63Issue: 21Published at Fri, 22 May 2020 -
Egypt’s Offshore Delta Output: Nooros Boost, Rapid Decline
...end last year despite an increase in output from 1.0bn cfd to 1.17bn cfd at the 2017 Nooros start-up on the Abu Madi West block. The firms’ other four regional blocks – El Temsah, Ras el Bar, Baltim and North Port Said – remain in unremitting decline. Having waned from above 2bn cfd in 2012 to 93...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Tunisia Struggles To Halt Oil And Gas Decline
...18’s 37,700 b/d. But this was the second lowest quarterly figure in the last five decades: it was only lower in 3Q 2017 when protesters forcibly shut in southern fields demanding jobs and development funds (see chart and MEES, 2 June 2017). While the industry ministry sees 2019 output reaching 44...
Volume: 62Issue: 21Published at Fri, 24 May 2019 -
Saudi Set To Secure US Shale Gas Foothold With LNG Deal
...cilities. If it were to install such facilities, then an FSRU would seem the most likely option, presumably on the Red Sea coast given that this is the most gas-deprived region (MEES, 19 April). Additional gas is certainly required, with Aramco projecting gas demand to grow from 9.1bn cfd in 2017 to 14.6bn cf...
Volume: 62Issue: 21Published at Fri, 24 May 2019