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Chevron Submits Aphrodite Plan As Nicosia Attempts Strategy Shift
...e field, following its 2011 discovery, potentially more important will be a gas sales agreement with Egypt. While the Aphrodite partners will have one eye on exporting some volumes as LNG – the WDDM facilities land at Idku, at infrastructure adjacent to the 7.2mn t/y ELNG export terminal (also op...
Volume: 66Issue: 22Published at Fri, 02 Jun 2023 -
Libya’s NOC & Repsol Eye Q3 Drilling
...vels are unclear. Repsol CEO Josu Jon Imaz last put flows at 70,000 b/d in late April (MEES, 29 April). Exploration drilling has been few and far between in Libya since the 2011 overthrow of Gaddafi and the ensuing chaos. As such any return to drilling would be a huge win for Libya’s plans to mo...
Volume: 65Issue: 22Published at Fri, 03 Jun 2022 -
Libya’s Oil Revenues Surge
...byan oil exports have similarly stayed at above 1mn b/d since November 2020, according to data intelligence firm Kpler. If such levels are sustained until the end of the 2021, Opec member Libya could be looking at its best performance since the collapse of the Gaddafi regime in 2011. While pr...
Volume: 64Issue: 22Published at Fri, 04 Jun 2021 -
Iraq Targets 22GW Peak Supply This Summer
...ant in north-east Baghdad awarded to the French company in 2011. ...
Volume: 64Issue: 22Published at Fri, 04 Jun 2021 -
Tunisia Looks To The Sun To Cut Dependence On Algerian Gas
...ongside seven straight years of falling output since the 2010 peak of 310mn cfd. Initially this fall was due to instability and bureaucratic inertia in the wake of the country’s 2011 revolution, with the slump in oil prices since late 2014 providing a second blow to investment as IOCs slashed capex (MEES, 23...
Volume: 61Issue: 22Published at Fri, 01 Jun 2018 -
Tunisia Output Collapses: Southern Fields Shut In, No End In Sight To Protests
...in the wake of Tunisia's 2011 uprising. The lack of perceived benefits to locals from oil and gas output has been a recurrent theme. The Nawara project, previously known as the ‘South Tunisia Gas Project’ gave rise to protests in the south of the country even before it was sanctioned in 20...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Saudi Looks To Pop Deficit With Fizzy Drinks Tax
...anwhile latest statistics from the Saudi Arabian Monetary Agency (SAMA) show that the kingdom’s foreign reserve assets have shrunk to $500bn at end-April from $508.7bn at end-March, the lowest since May 2011 (see charts). Reserves have continued to fall despite the raising of $9bn in Islamic sukuk by the ki...
Volume: 60Issue: 22Published at Fri, 02 Jun 2017 -
Jordan Looks To Join Underused GCC Power Grid
...gas from Egypt until Egypt halted exports in 2011 forcing a shift to liquid fuels, though Jordan began importing LNG last year. Jordan is looking to diversify further and is currently developing renewables and oil-shale fired capacity in a bid to reduce this reliance (MEES, 15 April). The GC...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Eni Advances Libya Gas Plans Amid Short-Term Cuts
...erated Greenstream pipeline linking Mellitah with Sicily – Libya’s sole gas export output – to rise to 688mn cfd last year, the highest level since the 2011 ouster of Mu’ammar al-Qadhafi. Eni, in its recently-released 2016-19 strategic plan gives the Bahr Essalam Phase II start-up date as H1 2018 with ne...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Opec: Fit For Purpose? What Purpose Is That Exactly?
...enna at the time. Iran would be integral to any such agreement given its continued post-sanctions production ramp up – reaching 3.38mn b/d in April, up 460,000 b/d since sanctions were lifted in January and only 200,000 b/d below 2011’s 3.58mn b/d output. Unsurprisingly Iran’s Oil Minister Bijan Za...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Anti-Hizbollah Banking Sanctions Tear At Lebanon’s Political Fabric
...th the high cost and strains on basic utilities, associated with the hosting of close to 1.5 million Syrian refugees who had fled their war-torn country since the beginning of the conflict in Syria in early 2011. So any new shocks to the Lebanese banking sector which has so far been resilient, de...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
IEA Sees Tougher Financing And Weakening Demand Hitting Energy Investment
...l Total 2012 2014 150 Nsiko Nigeria Offshore Oil Chevron 2011 2015 10...
Volume: 52Issue: 22Published at Mon, 01 Jun 2009 -
ESAI Estimates Call On OPEC Crude At Less Than 30Mn B/D Through 2011
...Middle East Economic Survey VOL. LII No 22 1-Jun-2009 ESAI Estimates Call On OPEC Crude At Less Than 30Mn B/D Through 2011 Slow demand growth after 2008-09’s economic contraction will leave the call on OPEC crude under 30mn b/d through the end of 2011, according to Energy Se...
Volume: 52Issue: 22Published at Mon, 01 Jun 2009 -
BG Eyes Egypt’s Deeper Horizons, Still Plans A Third LNG Train At Idku
...e $3bn that it has earmarked for Egypt, up to 2011. Together with its partners in Egypt, BG produces more than 2.3bn cfd of natural gas, out of total Egyptian gas output of 5.7bn cfd (MEES, 17 March). As a gauge of BG’s rapid growth there, it should be noted that the UK firm only started pr...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008 -
Lundin Petroleum Spuds Morskaya-1 Exploration Well
...ipyard is to be completed by 2011. Russian Prime Minister Vladimir Putin has said Moscow will agree to stop using intermediaries for gas shipments to Ukraine if Kiev settles its past debts, the Russian media have reported. Ukraine said earlier this year that it had paid its outstanding de...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008 -
Saudi Aramco Review Raises Question Marks Over Exploration Targets
...ditions to capacity. These include the 500,000 b/d Khursaniyah project, due on-stream at the end of last year and still not fully up and running. Meanwhile, the 1.2mn b/d Khurais project, due to start up by end-2009, and the 900,000 b/d Manifa project, due for 2011 start-up, have suffered from hiccups th...
Volume: 51Issue: 22Published at Mon, 02 Jun 2008