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Iran Revives 4mn B/D Production Target
...As key Opec members meet this weekend to decide whether to extend their ‘voluntary cuts’ into the second half of the year (see p9), Iran will as always cast its support from the sidelines. The country has essentially been exempt from cuts ever since Opec+ cuts began in January 2017, while ev...
Volume: 67Issue: 22Published at Fri, 31 May 2024 -
First Oil Export From UAE’s Belbazem
...velopment of Bu Haseer’s modest reserves economical, and Al Yasat has pursued a similar approach with Belbazem (MEES, 28 May). Outside of Al Yasat, CNPC is also present at Abu Dhabi’s largest concession, the 2mn+ b/d Adnoc Onshore concession. CNPC was awarded an 8% stake at Adnoc Onshore in 2017, ce...
Volume: 67Issue: 22Published at Fri, 31 May 2024 -
Sudan’s Army Turns To Russia For Weapons In Exchange For Naval ‘Supply Point’
...stored diplomatic relations with Sudan (under the SAF), having severed ties under President Bashir in 2016, when Khartoum sided with Riyadh following an attack on the Saudi embassy in Tehran, and later deployed troops to join the Saudi-led coalition fighting the Houthis in Yemen (MEES, 20 January 2017...
Volume: 67Issue: 22Published at Fri, 31 May 2024 -
Bahrain In Talks With Neighbors Over GCC Gas Grid
...xt month, no expansion here is viable for the foreseeable future. Saudi Arabia was in fact in talks with Qatar over potential gas imports before the embargo began in June 2017 (MEES, 8 December 2017). That option is now gone, but energy ministers from Bahrain, Saudi Arabia and the UAE have all ra...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
Saudi Arabia Looks To Expand Iraq Footprint
...aken Iran’s dominance in Baghdad (MEES, 1 September 2017). As Bruce Riedel, a former CIA analyst and Middle East expert on the US National Security Council told MEES in 2018, Saudi Arabia’s evolving relationship with Iraq is “perhaps the most enlightened part of current Saudi foreign policy” (ME...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
Kuwait Eyes First Exports After Clean Fuels Upgrade
...726,000 b/d at two plants in March 2017, when KNPC shuttered the 200,000 b/d Shuaiba refinery after a series of unscheduled outages. Once CFP is finished Kuwait’s next refining capacity increase will come at a new 615,000 b/d refinery at Al-Zour. This is running behind schedule, with start-up ac...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
Lebanon-Sonatrach Fuel Scandal Lays Bare Energy Sector Corruption
...ddy and Raymond Rahme, who have a variety of business interests – including alleged ties to the Barzani family in Iraqi Kurdistan. Around 2017, the firm emerged as a heavyweight in the Lebanese products sector, suspiciously underbidding in several gasoil and gasoline contracts – an oil trader te...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
Oman Smashes Output Records
...,000 b/d in 2017 to 148,000 b/d so far this year – mainly a product of the Khazzan gas field ramp up and 2018 and the Rabab Harweel project coming online last year (MEES, 6 December 2019). ...
Volume: 63Issue: 22Published at Fri, 29 May 2020 -
Libya’s North Hamada: Development At Last?
...0.2mn (MEES 27 October 2017) – implying that it no longer planned to develop Area 47. However, seemingly under pressure from NOC, it reversed this impairment the following year. That said, with Medco barely mentioning Libya in its results material, it appears to be close to quitting Libya following its re...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Gulf Monarchies Look To Score In Soft Power Premier League
...ch invested over $1bn to date in a bid to win football’s biggest club prize, Europe’s Champion’s League. Adding spice to the contest is that Abu Dhabi alongside Saudi Arabia has been the key instigator of an embargo on Qatar since 2017. At least, to paraphrase George Orwell, football is a war minus th...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Gulf Refiners Push 2.7Mn B/D Crude Processing Hike By End-2025
...udi Arabia which will lift the kingdom’s refining capacity to 3.3mn b/d. The refinery was originally due online in 2017 (MEES, 28 February 2014) and its planned late-2019 start up may yet slip into 2020 (MEES, 22 February). However, the project looks more likely to come online this year with Iraq’s pl...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Morocco Awards ‘Game-Changer’ Hybrid Solar Project
...o PV-CSP hybrids to be built at Midelt. The plan is to install 1GW of capacity across the two sites, with phase two developed like phase one as an independent power producer (IPP) project backed by a 25-year power purchase agreement (MEES, 23 June 2017). Masdar chief executive Mohamed al-Ramahi sa...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Egypt: 1.5GW Power Awards
...0MW. MHPC says the upgrades will increase output, improve efficiency and reduce downtime at the plants. The upgraded plants are expected to begin operating in the first half of 2021. MHPS also says it this month completed an upgrade of the 1.5GW Cairo North CCGT under a contract awarded in August 2017...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...ll be hoping to capitalize on the momentum created by the recent $12bn deal signed by BP and Dea with Cairo for the development of WND, which is slated to produce 1.2bn cfd from 2017 (MEES, 22 May 2015). ENI/BP: PRECIPITOUS DECLINE While BP has earmarked the western delta for its key ex...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Algeria’s Upstream Investment: Running To Stand Still
...% Mid-’17 Sonatrach says 2016 4.4 424 Timimoun , SW Gas Project Total 37.75%op, Cepsa 11.25%, Sonatrach 51% 2017 Sonatrach says 20...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iraq Seeks Chinese Funding For Crucial Water Injection Project
...line late and reportedly has just one drilling rig operating, said in early May that it is delaying full development plans for Majnoon to 2017 or beyond. Italy’s Eni, operator of the Zubair oil field, has already canceled two major contracts. Iraq may be celebrating the achievement of post-1979 re...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Iran To Start Building Siraf Condensate Splitters, Targets Asia Petchems
...0 8 x 60 kb/d splitters. Target first unit online 2018. Persian Gulf Star Bandar Abbas 360 1.5 3 x 120 kb/d splitters. First unit expected online 2017. Pa...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Qatar Awards Umm Al Haul Power/Water Plant As Part Of Major Capacity Hike
...de it the world’s leader in LNG and gas-to-liquids (GTL) production. Economic growth is expected to continue, with ambitious plans including the hosting of the 2022 football World Cup. The Umm Al Haul plant is scheduled to start up in 2017. Kahramaa is also studying proposals for a 2GW/655,000 cm...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
ACWA Awarded Concession For Egypt Renewables
...0mn, while a 50MW solar plant at Binban near Aswan is priced at $90mn. ACWA country manager Hassan Amin says the projects are scheduled for completion in early 2017. ACWA has signed a number of preliminary agreements for major Egyptian electricity investments in recent weeks. The company has si...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
KNPC Seeks Ideas, Finance For Refinery Projects
...out how the loan should be structured. CFP SCHEDULE Work on the CFP began in March, with a view to completion in late 2017. KNPC chief executive Muhammad al-Mutairi told reporters recently that he now expects the revamped refineries to be fully operational by the end of 2018. The ageing Sh...
Volume: 58Issue: 22Published at Fri, 29 May 2015