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UAE Nuclear Powergen Soars, As Saudi Seeks US Partnership
...5MW Bushehr-1 reactor in 2011, a decade after work on the plant had resumed in 2001 after being halted by the 1979 revolution (MEES, 7 September 2012). Bushehr-1 generates around 6TWh annually – around 15% of the UAE total (see chart) – but while Iran was a regional pioneer, plans for Russia’s Rosatom to...
Volume: 68Issue: 22Published at Fri, 30 May 2025 -
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 -
Libya’s North Hamada: Development At Last?
...t the 2011 ‘revolution’ marked the beginning of years of instability. Though Tripoli in late-2011 approved Medco’s declaration of commerciality on structures A+L, D and F, by then the firm like most other foreign companies had pulled its staff out of the country. It returned in 2013 and drilled th...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Gulf Monarchies Look To Score In Soft Power Premier League
...ampions League performance under Abu Dhabi ownership is the semis in 2015-16. At least this is one stage better than the Qatar Investment Authority (QIA) has managed to achieve since paying $100mn in 2011 for French Ligue-1 club Paris St Germain (PSG). QIA subsidiary Qatar Sports Investments (QSI) has si...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Jordan’s Nepco: An End To Operating Losses?
...ars of 2011-14 when Nepco racked up a cumulative $5.4bn in operating losses (see chart 2). Like many Mena countries, Jordan heavily subsidizes electricity consumption. But unlike most of its neighbors, Jordan’s dearth of domestic energy supplies (Jordan imports some 94% of its energy) means that Nepco pa...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
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 -
Egypt Doubles Down On Attempts To Reverse Gas Slump
...e BG-operated WDDM project more than accounts for the remainder. Output from the BP/Eni fields is down by a total of 524mn cfd since 2011, with BG output down 440mn cfd over the same period, some 83% of the overall 1.15bn cfd fall in Egypt’s output since 2011. Eni has been keen to talk up its De...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Saudi Mosque Bombings Shatter Illusion Of Security
...stern Province since the 2011 so-called Arab Spring revolutions. Riyadh has in the past blamed Iran for what it says is an attempt to foment strife amongst the Shia minority. It also blames Tehran for supporting the Houthi rebellion in Yemen, which prompted King Salman to order air strikes against the Ye...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
ENOC Moves Ahead With Offer To Absorb Dragon Oil
...though the UAE raised gasoline prices twice in recent years, it deferred a third price in the wake of the Arab revolutions of 2011, fearful of a backlash. Federal law requires that Enoc and its subsidiary Emirates Petroleum Products Company (Eppco) sell gasoline at the government mandated price. In 2011, th...
Volume: 58Issue: 22Published at Fri, 29 May 2015 -
Libya’s NOC Dreams Of Better Future
...l fields offline, the Libyan energy sector is undergoing its worst crisis since the revolution ground operations to a halt in 2011, at a time when the political situation is deteriorating. Earlier this month, former general Khalifa Haftar attacked Islamist militia in their bases in Benghazi, ba...
Volume: 57Issue: 22Published at Fri, 30 May 2014 -
Output Continues To Slide As South Sudan Conflict Rumbles On
...rst time the two former civil war foes have cooperated on oil matters since the two countries split in 2011, under the terms of a ‘Comprehensive Peace Agreement’ signed six years prior. But far from doing it out of concern, Khartoum’s latest offer is almost certainly driven by a sense of economic se...
Volume: 57Issue: 22Published at Fri, 30 May 2014